Jailed FTX founder Bankman-Fried pleads not guilty to new indictment

NEW YORK (Reuters) -Sam Bankman-Fried, founder of the now-bankrupt cryptocurrency exchange FTX, pleaded not guilty on Tuesday to a new indictment alleging fraud and conspiracy charges.

newspaper

22-08-2023

Jailed FTX founder Bankman-Fried to return to court for new plea

Sam Bankman-Fried, founder of the now-bankrupt cryptocurrency exchange FTX, is due back in court on Tuesday for the first time since a U.S. judge revoked his bail and sent him to jail, and is expected to plead not guilty to a new indictment alleging fraud and conspiracy charges.

newspaper

22-08-2023

Analysis-Arm's clients turn IPO into tug of war for chip influence

A scramble among Arm Holdings Ltd's clients, comprising the world's biggest technology companies, to snap up shares in its initial public offering (IPO) is testing the semiconductor designer's adherence to not picking sides in the chip industry.

newspaper

22-08-2023

US airline pilots fight their unions to increase retirement age

Bo Ellis has been a devoted member of the Air Line Pilots Association (ALPA) for nearly four decades, but the 64-year-old is waging a campaign against the union to extend his flying career.

newspaper

22-08-2023

US economy holds its breath ahead of UPS Teamsters contract vote

The U.S. economy will face a key test on Tuesday when the Teamsters union is expected to release the results of a contract ratification vote at United Parcel Service, which, if rejected, could open the door to a damaging strike, threaten Christmas deliveries and send shipping costs soaring.

newspaper

22-08-2023

BHP sees China demand bright spots, logs 37% profit drop

MELBOURNE (Reuters) -BHP Group on Tuesday said it saw solid growth from some sectors in China as it logged its weakest annual profit since 2020, but added it was too early to assess the impact of Beijing's policy measures on the country's housing market.

newspaper

22-08-2023

Robust equities erode gold's safe-haven allure as ETF holdings fall

Receding fears of a U.S. slowdown, surging bond yields and the robust performance of equities have gradually eroded the appeal of exchange-traded funds (ETF) backed by traditional safe-haven gold this year, despite sticky inflation.

newspaper

21-08-2023

US Senators say Credit Suisse did not review all records when probing Nazi-linked accounts

Swiss lender Credit Suisse did not review all available records when it conducted an internal probe into the historical servicing of Nazi clients and Nazi-linked accounts, according to an investigation published by U.S. lawmakers on Thursday.

newspaper

17-08-2023