The rise and fall of Bill Hwang’s ‘house of cards’

Sung Kook (Bill) Hwang, the founder and head of a private investment firm known as Archegos exits the Manhattan federal courthouse in New York City, US, April 27, 2022. REUTERS/Shannon/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, April 28 (Reuters) – Bill Hwang spent 25 years building his career, but his … Read more

US consumer chief Chopra to revisit rules around credit card fees, abuses

The seal of the Consumer Financial Protection Bureau (CFPB) is seen at their headquarters in Washington, DC, US, May 14, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register WASHINGTON, April 27 (Reuters) – The US consumer watchdog will revisit its rules around credit card fees in a bid to stamp out … Read more

Russia makes ‘digital’ rouble, home-grown credit card push

Elvira Nabiullina, Governor of Russia’s central bank, speaks during an interview in Moscow, Russia, June 27, 2019. REUTERS/Evgenia Novozhenina Register now for FREE unlimited access to Reuters.com Register April 21 (Reuters) – Russia said on Thursday it plans to have a “digital” rouble capable of making international payments ready by next year and also wants … Read more

Explainer: China UnionPay, Russia’s potential payments backstop

UnionPay cards are seen displayed with a Russian flag in this illustration picture taken March 7, 2022. REUTERS/Florence Lo/Illustration Register now for FREE unlimited access to Reuters.com Register HONG KONG, April 21 (Reuters) – Several Russian banks plan to issue payment cards that use the network of China UnionPay as well as that of home-grown … Read more

Last-minute tax tips for US crypto investors

A Bitcoin and Dollar note are seen in this illustration picture taken September 27, 2017. REUTERS/Dado Ruvic Register now for FREE unlimited access to Reuters.com Register NEW YORK, April 14 (Reuters) – When accountant Zach Gordon gets calls from clients about how to handle cryptocurrency on their taxes, there is a common theme. “They have … Read more

War in Ukraine causes German business morale to collapse

The skyline with the banking district is photographed in Frankfurt, Germany, September 22, 2021. REUTERS/Kai Pfaffenbach Register now for FREE unlimited access to Reuters.com Register BERLIN, March 25 (Reuters) – German business morale plummeted in March as companies worried about rising energy prices, driver shortages and the stability of supply chainsin the wake of the … Read more

EU-US data transfer deal cheers business, but worries privacy

BRUSSELS, March 25 (Reuters) – The European Union and the United States announced a preliminary data transfer deal on Friday, seeking to end the limbo in which thousands of companies themselves found after Europe’s top court threw out two previous pacts due to concerns about US surveillance. While the actions cheered the news, Austrian privacy … Read more

Telenor completes Myanmar business sale, to be paid over 5 years

Telenor flag flutters next to the company’s headquarters in Fornebu, Norway, June 1, 2017. REUTERS/Ints Kalnins/ Register now for FREE unlimited access to Reuters.com Register OSLO, March 25 (Reuters) – Telenor (TEL.OL) will receive payments for the sale of its Myanmar operations over the next five years, the Norwegian telecoms company said on Friday as … Read more

Euro zone March business growth strong but outlook darkens -PMI

Shoppers walk past a beggar, amid the coronavirus disease (COVID-19) pandemic in Berlin, Germany, December 14, 2020. REUTERS/Hannibal Hanschke Register now for FREE unlimited access to Reuters.com Register LONDON, March 24 (Reuters) – Euro zone business growth was stronger than expected this month, a survey showed on Thursday, although prices rose at a record pace, … Read more

Exxon appoints former GM executive to lead its energy transition business

The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015. REUTERS/Lucas Jackson/File Photo Register now for FREE unlimited access to Reuters.com Register HOUSTON, March 22 (Reuters) – Exxon Mobil Corp. (XOM.N) on Tuesday appointed Dan Ammann, former president of … Read more

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