archiveCOMP08

Banking

US banks, tech firms offer support for Israel victims, announce aid

Oct 13 (Reuters) - As big U.S. corporations kicked off corporate earnings season this week, executives addressed the Israel-Hamas conflict and some companies launched fundraising efforts."I just want to say how deeply saddened that we all are about the recent horrific attacks on Israel ... Terrorism and hatred have no place in our civilized world," JPMorgan Chase (JPM.N) CEO Jamie Dimon said on a post-earnings call before diving into results.He warned that the war in Ukraine, compounded by the attacks on Israel, could have "far-reaching impacts on energy and food...
Banking

Exclusive: EU may become as hooked on China batteries as it was on Russian energy

Workers are seen at the production line of lithium-ion batteries for electric vehicles (EV) at a factory in Huzhou, Zhejiang province, China August 28, 2018. REUTERS/Stringer Acquire Licensing RightsMADRID, Sept 17 (Reuters) - The European Union could become as dependent on China for lithium-ion batteries and fuel cells by 2030 as it was on Russia for energy before the war in Ukraine unless it takes strong measures, a paper prepared for EU leaders said.The document, obtained by Reuters, will be the basis of discussions on Europe's economic security during a...
Cryptocurrency

Crypto shares tumble as Binance SEC lawsuit ripples through industry

June 5 (Reuters) - Cryptocurrencies and shares in crypto and blockchain-related companies tumbled on Monday after the U.S. securities regulator sued crypto exchange Binance, another blow to the industry.The U.S. Securities and Exchange Commission sued Binance and its CEO Changpeng Zhao for secretly controlling Binance.US as part of a "web of deception" to evade U.S. laws, among other charges. Reuters earlier reported that Binance controlled its US affiliate’s bank accounts, despite claiming it was independent.The SEC also said Binance artificially inflated trading volumes on the platform, diverted customer funds and...