US seeks more than $4 billion from Binance to end criminal case -Bloomberg News
A smartphone with displayed Binance logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June...
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Dollar falls to two-month low on Fed view, yen strengthens
U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNEW...
US crude oil bears risk reversal from crowded trade
LONDON, Nov 20 (Reuters) - Investors have rarely been more bearish about oil prices as a slowing economy and an increase in non-OPEC output lead them to conclude OPEC⁺ production cuts will not prevent a rise in inventories.Hedge funds and other money managers sold the equivalent of 7 million barrels in the six most important petroleum-related futures and options contracts over the seven days ending on Nov. 14.Fund managers had sold petroleum in seven of the last eight weeks cutting their position by a total of 338 million barrels since...
Citi names Gutiérrez-Orrantia Europe banking and cluster head in restructure
The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. Picture taken October 19, 2017. REUTERS/Chris Helgren/File Photo Acquire Licensing RightsLONDON, Nov 20 (Reuters) - Nacho Gutiérrez-Orrantia, one of Citi's (C.N) most senior bankers in Europe, will become banking and cluster head for Europe as part of its planned restructuring, the banker told Reuters on Monday.The latest step in the bank's reorganisation was announced on Monday, with Citi's CEO, Jane Fraser, saying that "the actions we're taking to reorganize...
EU backs fund focused on cutting energy wastage
European Union flags fly outside the European Commission in Brussels, Belgium November 8, 2023. REUTERS/Yves Herman/File Photo Acquire Licensing RightsLONDON, Nov 20 (Reuters) - A private fund that plans to build power projects on sites such as hospitals and data centres to reduce energy wastage has secured backing from the European Union's investment arm.The European Investment Fund (EIF) said it had invested 125 million euros in the 'Green Energy Solutions Fund', which is run by Sustainable Development Capital (SDCL).The investment helped the fund hit its fundraising target of 650 million...
Morning Bid: Japanese stocks party like its 1990
A man walks past an electronic board displaying Japan's 10-year government bonds level, the current Japanese Yen exchange rate against...
Japan shares hit three-decade high, yuan climbs
Asian stock markets :Nikkei hits a high, S&P futures fraction lowerDollar slips under 7.2000 yuan after firm PBOC fixFed minutes,...
Blackstone frontrunner in Signature Bank commercial-property loan sale, Bloomberg reports
A person waits for a teller at a Signature Bank branch in New York City, U.S., March 13, 2023. REUTERS/David...
UK’s Hunt weighs income tax, national insurance cuts: Sunday Times
Chancellor of the Exchequer Jeremy Hunt, arrives at BBC Broadcasting House, ahead of his appearance on Sunday with Laura Kuenssberg, in London,...
Hungary central bank seen defying government pressure to accelerate rate cuts
BUDAPEST, Nov 17 (Reuters) - The National Bank of Hungary is expected to cut its base rate by another 75 basis points to 11.5% (HUINT=ECI) next Tuesday, a Reuters poll showed, with the bank under pressure from Prime Minister Viktor Orban's government to reduce rates more sharply.With the European Union's highest inflation rate declining, from a high of 25% in the first quarter to a lower-than-forecast 9.9% last month, the NBH has cut borrowing costs by a combined 575 bps since May to 12.25% - still the EU's highest benchmark.Hungary...