Hints and tips:
...Digital asset exchanges are rushing to reassure clients that their funds are safe as the FTX collapse ricochets through the industry, a top Federal Reserve official says the US central bank is entering a...
...In today’s newsletter A new criminal charge against SBF Short sellers target a Swedish games group Middle East IPOs boom The US indictment against SBF grows thicker This week, Manhattan federal judge...
...The FT’s Simeon Kerr describes this latest assault as unsettling but not a major concern....
...The UAE has delivered one of the world’s most successful vaccine programmes, with Abu Dhabi and federal authorities deploying Sinopharm across all seven emirates....
...Additional reporting by Chloe Cornish in Beirut and Simeon Kerr in Dubai...
...The lawsuits were filed in the US International Trade Commission, federal district courts in Delaware and Texas, and the regional courts of Düsseldorf and Mannheim in Germany....
...US federal prosecutors have brought charges of wire and securities fraud, claiming that Mr Naqvi was the driving force behind a scheme that inflated the values of Abraaj’s funds and diverted millions of...
...Andrea Griswold, assistant US attorney, said at a hearing in Manhattan federal court on Thursday that Mr Naqvi had been arrested in London and Mr Abdel-Wadood detained in New York, Reuters reported....
...PayPal facilitated the transfer of more than $1bn in federal loans as part of the US Small Business Administration’s Paycheck Protection Program....
...Additional reporting by Kana Inagaki in Tokyo, Simeon Kerr in Dubai and Richard Waters in San Francisco...
...On Thursday, US prosecutors filed a civil forfeiture complaint in a federal court in Los Angeles seeking $540m in assets allegedly purchased with funds stolen from 1MDB, including “rights to and interests...
...“[But] we’re not talking about large-scale M&A where we’re going to lose our credit rating and blow out our balance sheet,” Mr Kerr said....
...The point is to show the renminbi is relatively stable against global peers, even if it’s weakening against the US dollar as the Federal Reserve raises interest rates....
...Expect more of the same in 2016, as the Federal Reserve embarks on a series of rate hikes....
...The People’s Bank of China has set the fix for the renminbi weaker yet again, for a ninth straight session, following the Federal Reserve’s historic decision to lift interest rates from crisis-era lows....
...Simeon Kerr Ukip leader nominations close It’s take two for the UK Independence party, as it prepares for its second leadership election in three months....
...Short-term, the shift could give China room to back away from the strong currency, particularly as the dollar is likely to keep rising as the Federal Reserve lift rates....
...The dollar jumped and shorter-term Treasury prices went into retreat as comments from Janet Yellen and some upbeat US economic data added to speculation that the Federal Reserve could raise interest rates...
The gap between China’s two renminbi rates widens to new record, sparking fears of regional devaluations
...Reporting by Jamie Chisholm in London, Anna Nicolaou in New York and Patrick McGee in Hong Kong For market updates and comment follow us on Twitter @FTMarkets...
...Joshua Shapiro, chief US economist at MFR, noted that the Federal Reserve’s monetary policy board forecasts that inflation will move back towards its 2 per cent target in 2016, “but it is well below that...
...The market moves came a week before the Federal Reserve’s monetary policy meeting, at which it is widely expected to lift interest rates off crisis-era record lows....
...The market turmoil reduces the chances of the US Federal Reserve lifting interest rates next month, and could even spur it to keep them on hold until 2016....
...Forget the Federal Reserve’s punchbowl. Investors in Asia are increasingly asking what happens when China cuts off the morphine drip....
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