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...The co-founder of collapsed crypto hedge fund Three Arrows Capital has been arrested in Singapore and will be held in prison for four months, according to the failed company’s liquidator....
...Last year, Singapore reprimanded Three Arrows for providing false information and breaching asset management thresholds....
...Singapore-based Three Arrows was started as a registered fund management company in the city-state before its high-profile collapse in June last year. Its failure sent shockwaves through the industry....
...Soundbite of the week: A big freeze from the BVI Remember Kyle Davies and Su Zhu, founders of collapsed crypto hedge fund Three Arrows Capital?...
...Shares of one of the biggest US freight transport companies slid after it issued a profit warning — and flagged a double-digit drop in operating margins — due to “soft demand”....
...As newcomers to the market, they have struggled to find haulage companies to prioritise their orders....
...It needs to find more arrows in its quiver to draw in more active traders....
...Nikola said its current board “comprises a diverse group of reputable, leading experts in their respective fields — from trucking to start-ups to technology to energy, as well as customer service — all integral...
...Apollo Global Management has shed its financial exposure to failed US trucking company Yellow, selling off a $500mn term loan and dropping plans to extend pricey financing to fund the freight group’s bankruptcy...
...Readers can use the arrow buttons at the top of the columns in the table (above) to sort by country, sector or revenue, in order to analyse the data in more detail....
...JB Hunt, which is a big old capital-intensive diesel-burning trucking company that owns its own trucks, earned 11 per cent (and that was its worst year in more than two decades; trucking is in a slump)....
...It adding that the company “has always conducted its business lawfully and with integrity.”...
...Shares of the fourth-largest trucking company in the US soared in extended trade after it beat Wall Street expectations despite high fuel costs and “very weak demand.”...
...The Company intends to file a number of motions with the Bankruptcy Court designed to facilitate the Company’s orderly evaluation of all strategic alternatives, including potentially a sale of the Company...
...UBS reckons that the biggest macro exposure for all of these non-banks is global corporate credit markets, which are still trucking along: . . . our more constructive corporate debt outlook given robust...
...US trucking company Yellow has filed for bankruptcy and will wind down its business, collapsing under the weight of a $1.2bn debt pile that included a loan from the federal government and a heated battle...
...The pair that ran crypto hedge fund Three Arrows Capital — which was one of the highest-profile casualties of last year’s crypto crash — have been hit with a nine-year ban from any regulated activity by...
...“I am 100 per cent committed to deliver the best performance I can this season and making my last year with the Silver Arrows one to remember.”...
...Additionally, it is the Company’s belief that the director nominees lack the expertise or knowledge needed to navigate the complexities of a zero-emissions trucking and energy infrastructure business....
...Among them were trucking start-up Convoy and healthcare company Olive, both valued at about $4bn at their peaks....
...It’s the company’s new, animated logo with “Controvento” spelt in capital letters, and the “T”s shaped like arrows. It reminds me of the windex found at the top of a sailing boat’s mast....
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