Unilever names former Heinz exec Schumacher as CEO

To turn into CEO July 1 Activist shareholder says met Schumacher when at Heinz First outsider CEO since Paul Polman appointed in 2008 Unilever shares outpace FTSE 100 LONDON, Jan 30 (Reuters) – Unilever on Monday appointed Hein Schumacher to interchange Alan Jope as chief government from July in a transfer that was welcomed by … Read more

Brazil markets tumble on Lula’s first full day in workplace

BRASILIA, Jan 2 (Reuters) – Brazilian markets delivered a withering verdict on leftist President Luiz Inacio Lula da Silva’s first full day in workplace on Monday, after he pledged to prioritize social points and ordered a budget-busting extension to a gasoline tax exemption. Lula’s determination to increase the gasoline tax exemption, which can deprive the … Read more

Bankman-Fried, FTX execs obtained billions in hidden loans, ex-Alameda CEO says

NEW YORK, Dec 23 (Reuters) – Sam Bankman-Fried and different FTX executives obtained billions of {dollars} in secret loans from the crypto mogul’s Alameda Analysis, the hedge fund’s former chief advised a decide when she pleaded responsible to her position within the change’s collapse. Caroline Ellison, former chief govt of Alameda Analysis, mentioned she agreed … Read more

FTX’s Bankman-Fried indicators extradition papers as Wednesday listening to looms

NASSAU, Dec 20 (Reuters) – FTX founder Sam Bankman-Fried has signed authorized papers paving the way in which for his extradition from The Bahamas to the US, the place he faces fraud prices over the cryptocurrency change’s collapse, a Bahamas official mentioned on Tuesday. Doan Cleare, The Bahamas’ performing commissioner of Corrections, advised Reuters the … Read more

Unique: Sam Bankman-Fried to reverse determination on contesting extradition

Dec 17 (Reuters) – Former FTX Chief Govt Sam Bankman-Fried is predicted to seem in court docket within the Bahamas on Monday to reverse his determination to contest extradition to the USA, the place he faces fraud fees, an individual conversant in the matter stated on Saturday. The 30-year-old cryptocurrency mogul was indicted in federal … Read more

In sweltering Bahamas courtroom, Bankman-Fried fights incarceration

NASSAU, Dec 13 (Reuters) – Cordoned-off roads, a sweltering courtroom and quite a few delays marked Sam Bankman-Fried’s first in-person public look since his crypto firm collapsed. The Bahamas courtroom listening to, performed over the course of six hours, noticed Bankman-Fried, wearing a go well with relatively than his typical t-shirt apparel, looking for bail … Read more

Explainer: Sam Bankman-Fried: Who’s FTX’s founder and why was he arrested?

Dec 13 (Reuters) – FTX founder Sam Bankman-Fried was arrested within the Bahamas on Monday and charged by the U.S. Division of Justice on Tuesday with defrauding buyers in what regulators known as a “brazen, multi-year scheme” that ended when his empire filed for chapter final month. Right here is the newest on the collapse … Read more

FTX founder Sam Bankman-Fried charged with fraud, denied bail

NASSAU, Bahamas/NEW YORK, Dec 13 (Reuters) – U.S. prosecutors on Tuesday accused Sam Bankman-Fried, the founding father of crypto foreign money trade FTX, of fraud and violating marketing campaign finance legal guidelines and a choose within the Bahamas denied him bail, sending him to a neighborhood correctional facility as a substitute. The previous FTX CEO, … Read more

Former FTX CEO Bankman-Fried arrested in Bahamas after U.S. recordsdata prices

Dec 12 (Reuters) – (Editor’s observe: This story comprises language in paragraph 18 that some readers might discover offensive) FTX founder Sam Bankman-Fried was arrested within the Bahamas on the behest of U.S. prosecutors on Monday, the day earlier than he was on account of testify earlier than Congress in regards to the abrupt failure … Read more

Sam Bankman-Fried says he ‘did not ever attempt to commit fraud’

NEW YORK, Nov 30 (Reuters) – Sam Bankman-Fried, the founder and former CEO of now-bankrupt crypto change FTX, tried to distance himself from solutions of fraud in his first public look since his firm’s collapse shocked buyers and left collectors dealing with losses totaling billions of {dollars}. Talking through video hyperlink on the New York … Read more