The Wall Street Journal—Crypto Exchange Binance Teeters On Brink
After FTX crashed, the world of crypto seemed to belong to the largest exchange, Binance. Less than a year later, Binance is the one in distress.
After FTX crashed, the world of crypto seemed to belong to the largest exchange, Binance. Less than a year later, Binance is the one in distress.
Recovery to cost above $100 million after hack disrupted casinos last month.
JPMorgan Chase has stepped up the pace at which it is securitising billions of dollars of its loan portfolio in anticipation of proposed new US capital requirements for large banks, according to people familiar with the matter.
DUBAI—Saudi Arabia has told the White House it would be willing to boost oil production early next year if crude prices are high—a move aimed at winning goodwill in Congress for a deal in which the kingdom would recognize Israel and in return get a defense pact with Washington,Saudi and U.S. officials said.
At Shell’s first capital markets dayunder new chief executive Wael Sawanthis summer, the energy group angered environmentalists with its plans to holdoil output steadyrather than allowing itto decline.
Price of iron ore,seen as bellwether,has risen more than 20% since late May.
South Korea’s financial regulators have vowed to curb short-term speculation by retail investors, as their bets on tech stocks fuel fears of a market bubble.
ExxonMobil has agreed to buy PioneerNatural Resources in a $59.5bn dealthatis set to unleash a wave of consolidationin the US shale oil industry.
Microsoft closed its $75 billion acquisition of Activision Blizzard, the largest in a decade of deals under Chief Executive Satya Nadella that have positioned the software giant at the center of sectors from videogames to artificial intelligence.
Chinese venture capital group HongShan, which announced its split from Sequoia Capital this year, is establishing a global footprint as a slowdown in the domestic economy pushes it overseas.
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