Bitcoin mining booms in Texas
Cryptocurrency bankruptcies and worries over electric power consumption have failed to dent the industry’s growth in Texas, according to a top trade group, citing the...
International
British retail sales rebound despite cash-strapped consumers
Cash-strapped British households cut back on eating out and takeaways last month and instead bought food at supermarkets and shopped at discount stores, giving an...
JPMorgan, Citi, BofA tell staff not to poach clients from stressed banks
As a series of US lenders were besieged by customers yanking out their money this month, banking behemoths including JPMorgan Chase & Co (JPM.N), Citigroup...
ECB pressures Austria’s Raiffeisen bank to quit Russia
The European Central Bank is pressing Austria’s Raiffeisen Bank International (RBIV.VI) to unwind its highly profitable business in Russia, five people with knowledge of the...
IMF: Lebanon in ‘very dangerous situation’ with reforms stalled
The International Monetary Fund warned on Thursday that Lebanon was in a very dangerous situation a year after it committed to reforms it has failed...
Crypto founder Do Kwon indicted in US following Montenegro arrest
Do Kwon, the cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion or more last year, has been charged with fraud by...
Investors cautious on US stocks, even though Fed hikes may soon end
The end of the Federal Reserve’s bruising rate hiking cycle may be in sight, yet investors are finding plenty to worry about when it comes...
Central banks keep hiking rates amid banking turmoil
The Bank of England on Thursday followed the Federal Reserve and the Swiss National Bank in hiking interest rates, as policymakers ploughed on with their...
Swiss regulator defends its decision to write off AT1 bonds
Switzerland’s financial market regulator FINMA defended its decision to impose steep losses on some of Credit Suisse’s bondholders on Thursday, saying the decision was legally...
Erdogan tries to salvage economic credibility before Turkey’s election
Former Turkish economy tsar Mehmet Simsek’s refusal to return to politics has left President Tayyip Erdogan’s ruling party scrambling to rebuild its economic credibility less...
