CDM

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

Adani’s $2.5 billion share sale faces essential day after rout

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NEW DELHI, Jan 29 (Reuters) – Gautam Adani faces a vital day on Monday together with his flagship firm’s $2.5 billion share sale’s second day of bidding overshadowed by a $48 billion rout within the Indian billionaire’s shares which was sparked by a U.S. quick vendor’s report. Seven listed firms belonging to the Adani conglomerate, … Read more

Adani hits again at Hindenburg, says it made all disclosures

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Adani points 413-page rebuttal to Hindenburg report U.S. short-seller’s report sparked falls in Adani shares Adani says complies with legal guidelines, essential disclosures Adani CFO assured $2.5 bln share sale will succeed NEW DELHI, Jan 30 (Reuters) – India’s Adani Group issued an in depth riposte on Sunday to a Hindenburg Analysis report that sparked … 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

China presents Sri Lanka debt moratorium, IMF assist nonetheless doubtful

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China presents debt service aid in 2022, 2023 Sri Lanka sources unclear if China letter will probably be sufficient for IMF Broad settlement between IMF, China on Zambia might present clues NEW DELHI/COLOMBO, Jan 24 (Reuters) – The Export-Import Financial institution of China has supplied Sri Lanka a two-year moratorium on its debt and stated … 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

U.S. hits debt ceiling amid standoff between Republicans and Democrats

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WASHINGTON, Jan 19 (Reuters) – The U.S. authorities hit its $31.4 trillion borrowing restrict on Thursday, amid a standoff between the Republican-controlled Home of Representatives and President Joe Biden’s Democrats that might result in a fiscal disaster in a number of months. Treasury Secretary Janet Yellen knowledgeable congressional leaders together with Home Speaker Kevin McCarthy … Read more