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

Vietnam’s VinFast ships first electrical autos to U.S. clients

HAI PHONG, Vietnam, Nov 25 (Reuters) – Vietnam’s electrical car maker VinFast stated on Friday it had shipped its first batch of 999 automobiles to the US, capping a five-year bid to develop an auto manufacturing hub within the Southeast Asian nation for markets in North America and Europe. The primary automobiles are anticipated to … Read more

Trump rebuffed by decide in New York fraud lawsuit, trial date set

NEW YORK, Nov 22 (Reuters) – A New York decide has scheduled an October 2023 trial for former U.S. President Donald Trump, three of his grownup kids and the Trump Group in a lawsuit introduced by New York Legal professional Common Letitia James accusing them of fraudulently overvaluing the actual property firm’s belongings and Trump’s … Read more

EXCLUSIVE Bankman-Fried’s FTX, mother and father purchased Bahamas property value $121 mln

FTX unit purchased 7 condos in high-end resort for “key personnel” Bankman-Fried’s mother and father named house owners of $16.4 mln trip dwelling Bankman and Fried inform Reuters: Searching for to return deed to FTX NEW PROVIDENCE, Bahamas, Nov 22 (Reuters) – Sam Bankman-Fried’s FTX, his mother and father and senior executives of the failed … Read more

Buffett’s Berkshire discloses $4.1 billion TSMC stake

Nov 14 (Reuters) – Berkshire Hathaway Inc (BRKa.N) stated it purchased greater than $4.1 billion of inventory in Taiwan Semiconductor Manufacturing (2330.TW), , a uncommon vital foray into the know-how sector by billionaire Warren Buffett’s conglomerate. The information despatched shares in TSMC up greater than 6% in Taiwan on Tuesday, because it boosted investor sentiment … Read more

Barrack says he hoped Trump ties would appeal to UAE; denies being agent

NEW YORK, Oct 27 (Reuters) – Tom Barrack, a onetime fundraiser for Donald Trump, acknowledged under cross-examination on Thursday that he hoped his ties to the then-president would encourage a United Arab Emirates official to invest with his company, but said he did not agree to exchange political access for a business relationship. Federal prosecutors … Read more

The big reveal: Xi set to introduce China’s next standing committee

BEIJING, Oct 21 (Reuters) – Xi Jinping, poised to clinch a third five-year term as China’s leader, will on Sunday preside over the most dramatic moment of the Communist Party’s twice-a-decade congress and reveal the members of its elite Politburo Standing Committee. Xi’s break with precedent to rule beyond a decade was set in motion … Read more

Xi Jinping has silver linings for rest of world

LONDON, Oct 17 (Reuters Breakingviews) – A third term for Xi Jinping would risk a cold war, or even a hot one. But the prospect of China’s nationalistic leader staying in power, which the ruling Communist Party is almost certain to approve at its congress this week, isn’t all bad for the rest of the … Read more

IMF warns of slowing growth, rising market risks as finance officials meet

WASHINGTON, Oct 11 (Reuters) – The International Monetary Fund warned on Tuesday that colliding pressures from inflation, war-driven energy and food crises and sharply higher interest rates were pushing the world to the brink of recession and threatening financial market stability. In gloomy reports issued at the start of the first in-person International Monetary Fund … Read more

Britain bets all on historic tax cuts and borrowing, investors take fright

Register now for FREE unlimited access to Register Kwarteng cuts top rate of income tax in dash for growth Huge increase in UK government debt issuance planned Gilts suffer biggest slump in decades Pound falls to new 37-year low against dollar LONDON, Sept 23 (Reuters) – Britain’s new finance minister Kwasi Kwarteng unleashed historic … Read more