BKRT

Finish of easy-cash period goes to harm

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LONDON, Feb 1 (Reuters) – (This Feb. 1 story has been corrected to repair the identify of CIO within the “Going Personal” part to Nicoll from Nicole) The tip of the easy-cash period is over and its impression but to be felt on world markets, hopeful that the ache of aggressive price hikes and excessive … Read more

Unique: Mattress Tub & Past making ready to file chapter as quickly as this week

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NEW YORK, Jan 30 (Reuters) – Mattress Tub & Past Inc (BBBY.O) is making ready to hunt chapter safety as quickly as this week, and has lined up liquidators to shut further shops except a last-minute purchaser emerges, 4 folks accustomed to the matter stated on Monday. The timing of any chapter submitting was in … Read more

FTX founder Bankman-Fried objects to tighter bail, says prosecutors ‘sandbagged’ him

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NEW YORK, Jan 28 (Reuters) – Legal professionals for Sam Bankman-Fried on Saturday urged a U.S. choose to not ban the indicted FTX cryptocurrency govt from speaking with former colleagues as a part of his bail, saying prosecutors “sandbagged” the method to place their shopper within the “worst potential mild.” The attorneys have been responding … Read more

UK regional airline Flybe ceases buying and selling, cancels all flights

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Collapses for second time in three years 276 staff made redundant by directors About 75,000 clients had future bookings Damage by delayed supply of plane Rivals seeing rebounding demand LONDON, Jan 28 (Reuters) – British regional airline Flybe on Saturday ceased buying and selling for the second time in three years, with all flights cancelled … Read more

Feds seized almost $700 million from FTX founder Bankman-Fried

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Jan 20 (Reuters) – Federal prosecutors have seized almost $700 million in belongings from FTX founder Sam Bankman-Fried in January, largely within the type of Robinhood inventory, based on a Friday courtroom submitting. Bankman-Fried, who has been accused of stealing billions of {dollars} from FTX clients to pay money owed incurred by his crypto-focused hedge … Read more

Brazil court docket grants chapter safety for retailer Americanas

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SAO PAULO, Jan 19 (Reuters) – A Rio de Janeiro court docket on Thursday accepted Brazilian retailer Americanas SA’s (AMER3.SA) chapter safety request, days after the corporate disclosed almost $4 billion in accounting inconsistencies which have sparked a authorized feud with collectors and traders. Americanas, a 93-year-old firm with shops throughout Brazil and a serious … Read more

Crypto lender Genesis getting ready to file for chapter, Bloomberg Information experiences

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Jan 18 (Reuters) – Cryptocurrency lender Genesis International Capital is planning to file for chapter as quickly as this week, Bloomberg Information reported on Wednesday, citing individuals with information of the state of affairs. A chapter submitting has been anticipated for weeks, after the corporate froze buyer redemptions on Nov. 16 following the downfall of … Read more

Goldman misses revenue estimates as dealmaking slumps, client enterprise hit

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Jan 17 (Reuters) – Goldman Sachs Group Inc (GS.N) on Tuesday reported a bigger-than-expected 69% drop in fourth-quarter revenue because it struggled with a droop in dealmaking, a drop in asset and wealth administration income and booked losses at its client enterprise. Wall Avenue banks are making deep cuts to their workforce and streamlining their … Read more

Cryptoverse: Bitcoin is again with a bonk

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Jan 17 (Reuters) – Bitcoin is on the cost in 2023, dragging the crypto market off the ground and electrifying bonk, a brand new meme coin. The No.1 cryptocurrency has clocked a 26% achieve in January, leaping 22% prior to now week alone, breaking again above the $20,000 stage and placing in heading in the … Read more

Home Speaker says Democrats ought to cap spending to keep away from U.S. debt default

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WASHINGTON, Jan 15 (Reuters) – Home of Representatives Speaker Kevin McCarthy mentioned on Sunday he believes Democrats would comply with cap authorities spending to keep away from a U.S. debt default and he needs to debate the thought with President Joe Biden. Republicans now answerable for the Home have threatened to make use of the … Read more