SHANGHAI (Reuters) – Semiconductor Manufacturing International Corporation (SMIC) co-CEO Zhao Haijun said on Friday on an earnings call that recent…
Buffett’s Berkshire sheds large portion of US Bancorp stake
(Reuters) – Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, said on Thursday it has shed more than…
Wall Street ends sharply higher on sign of cooling inflation
By Noel Randewich (Reuters) – The S&P 500 and Nasdaq jumped on Thursday, racking up their biggest daily percentage gains…
AIG’s Zaffino gets 5-year extension as CEO
(Reuters) -Insurer American International Group Inc’s Chief Executive Officer Peter Zaffino’s employment term has been extended for five years through…
Bahamas securities regulators freeze assets of FTX’s unit
(Reuters) – The Securities Commission Of the Bahamas said on Thursday it had frozen assets of FTX Digital Markets, a…
Mercedes F1 team evaluating FTX sponsorship, branding stays for now
SAO PAULO (Reuters) – The Mercedes Formula One team said on Thursday they were keeping the branding of troubled cryptocurrency…
Crypto needs oversight to avoid harming Americans, White House says
WASHINGTON (Reuters) -Cryptocurrencies risk harming everyday Americans without proper oversight and the latest news involving crypto underscores these concerns, White…
Crypto broker Genesis discloses locked funds on FTX
(Reuters) – U.S. cryptocurrency broker Genesis Trading disclosed its derivatives business has approximately $175 million in locked funds on FTX,…
Citigroup, funds in talks to end lawsuit over errant $500 million Revlon payment
By Jonathan Stempel NEW YORK (Reuters) – Citigroup Inc is in talks to end litigation against hedge funds and investment…
Tropical Storm Nicole causes U.S. flight cancellations
WASHINGTON (Reuters) – Airlines in the United States canceled more than 1,350 flights on Thursday as Tropical Storm Nicole made…