By Dietrich Knauth and Brendan Pierson (Reuters) – FTX Trading’s new CEO John J. Ray III, a lawyer tapped to…
White House says more infrastructure spending coming, rejects inflation link
WASHINGTON (Reuters) – The White House on Tuesday said it had pushed out $185 billion in funding under a $1…
China’s Tencent starts new round of layoffs -sources
By David Kirton and Josh Ye SHENZHEN, China/HONG KONG (Reuters) -Chinese tech giant Tencent Holdings has begun a new round…
Bahamas financial regulators appoint liquidators for FTX unit
(Reuters) – Financial regulators in the Bahamas on Monday appointed liquidators to run FTX’s unit in the country, just days…
Tech investor Draper sours on China, says it has left the free market
TAIPEI (Reuters) – China is no longer a place to invest and has left “the free market” under President Xi…
JD.Com fintech unit aims to win Beijing approval for HK IPO as soon as year-end – sources
By Julie Zhu, Scott Murdoch and Kane Wu HONG KONG/SYDNEY (Reuters) – The fintech arm of Chinese e-commerce firm JD.Com…
Japan’s Olympus says moving from asset sales towards doing deals
By Rocky Swift and Mayu Sakoda TOKYO (Reuters) – Japanese medical equipment maker Olympus Corp has largely completed a slew…
Amazon to lay off thousands of employees -source
By Jeffrey Dastin (Reuters) -Amazon.com Inc is planning to lay off around 10,000 employees in corporate and technology roles beginning…
TSMC shares jump after Berkshire Hathaway discloses big stake
TAIPEI (Reuters) – TSMC’s Taiwan-listed shares opened up more than 4% on Tuesday after Warren Buffett’s Berkshire Hathaway Inc said…
FTX’s founder Bankman-Fried says he failed to see warning signs – NYT
(Reuters) – FTX founder and former Chief Executive Sam Bankman-Fried said he expanded his business too fast and failed to…