U.S. Attorney Damian Williams wrote in an official statement following Judge Lewis A. Kaplan’s Thursday morning ruling that FTX founder Sam Bankman-Fried’s 25-year prison sentence will send “an important message” to potential fraudsters everywhere. In addition to a quarter of a century in prison, Kaplan has ordered Bankman-Fried to forfeit over $11 billion. A Message...
U.K. stocks were marginally lower on Wednesday after official data showed the U.K. economy unexpectedly stagnated in July. Real gross domestic product showed nil growth for the second straight month as falls in production and construction was offset by an increase in services output, the Office for National Statistics reported. GDP was forecast to grow...
JAKARTA -PT Sarana Mitra Luas Tbk (SMIL) has gained approval from shareholders to seek new credit facilities or extend its existing credit facilities. This was announced by Hadi Suhermin, President Director of SMIL, as quoted in the minutes of Extraordinary General Meeting of Shareholder today (9/9). “Shareholders gave approval to the board of directors to...
(Reuters) - Rio Tinto (NYSE:RIO) reported an 11% drop in full-year underlying earnings on Wednesday, as lower contributions from its aluminium business amid weaker prices countered production gains at the iron ore segment. Average prices Rio Tinto received for aluminium sold slipped over 2023 from COVID-era peaks, as supply chains normalised and demand from Western...
Rideshare and delivery network company Uber Technologies, Inc. has teamed with Turo, Inc., the worlds largest peer-to-peer car sharing marketplace, for a multi-year partnership to offer Turo vehicles through Uber Rent platform beginning in early 2025. Millions of Uber customers throughout the U.S., Canada, France, the United Kingdom, and Australia will be able to rent...
Republican frontrunner and crypto-friendly U.S. presidential candidate Donald Trump has a 17% chance of being in jail before voters hit the ballot box in November after being found guilty in his high-profile hush money trial Thursday, according to Polymarket data. Donald Trump Will Be In Jail Before Election, 17% Of Polymarket Voters Say Originally launched...
Home improvement major Lowes Companies, Inc. on Tuesday trimmed its fiscal 2024 earnings and sales outlook below market estimates after reporting weak results in its second quarter. However, the quarterly earnings per share beat the Street view. The company attributed lower-than-expected DIY sales and a pressured macroeconomic environment for the downward revision in annual forecast....
French stocks rose on Thursday amid optimism that the far-right National Rally (RN) party would not get a majority of seats in the French parliament. France\'s leftist and centrist parties have pulled hundreds of candidates from Sunday\'s high-stakes election in a coordinated attempt to prevent the RN from ascending to power. The centrists and the...
Today, the Hong Kong Monetary Authority (HKMA) issued a warning to cryptocurrency companies that improperly use the term “bank” in describing their services. The authority stated that such wording wrongly suggests these companies are regulated by the HKMA, which is not the case. According to HKMA rules, only organizations with specific licenses can operate as...
AlTi Global, Inc. (ALTI) reported Friday net income attributable to AlTi for the first quarter of $29.35 million or $0.18 per share, compared to a net loss of $68.74 million or $1.19 per share in the prior-year quarter. Total revenues for the quarter declined to $50.81 million from $58.05 million in the same quarter last...