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 Register WASHINGTON, April 28 (Reuters) – Bill Hwang spent 25 years building his career, but his … 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 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

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 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

Breakingviews’ song remains the same 22 years on

A picture taken in Saas-Fee, Switzerland, March 8, 2022. REUTERS/Rob Cox Register now for FREE unlimited access to Register ZURICH, March 30 (Reuters Breakingviews) – It is easy to get nostalgic when cleaning out a desk. Especially when its drawers contain the artefacts of more than two decades of business and financial history. There … Read more

Mexican startup Story boosts investments as it targets the unbanked

Stori’s Sherman He, Bin Chen, Marlene Garayzar and Gy Liu pose for a photo during an event to mark the 1 million clients of Stori, which credit cards target the overwhelming majority of Mexicans who lack any kind of formal credit, in Mexico City, Mexico March 23, 2022. Picture taken March 23, 2022. Stori VP/Handout … Read more

Japex bases business plan on keeping stake in Russian Sakhalin-1 project

A general view of the liquefied natural gas plant operated by Sakhalin Energy at Prigorodnoye on the Pacific island of Sakhalin, Russia July 15, 2021. Picture taken July 15, 2021. REUTERS/Vladimir Soldatkin Register now for FREE unlimited access to Register TOKYO, March 28 (Reuters) – Japan Petroleum Exploration Co (Japex) (1662.T) said its new … Read more

Heineken to exit Russia at cost of around 400 mln euros

Heineken logo is seen at the company’s building in Sao Paulo, Brazil April 30, 2019. REUTERS/Amanda Perobelli Register now for FREE unlimited access to Register With Heineken out, Carlsberg, and InBev joint venture remain Heineken seeks to transfer business but won’t profit from sale Russian market represents 2% of Heineken’s global sales AMSTERDAM/BRUSSELS March … 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 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

Hospital operator NMC’s core business exits administration

An NMC Specialty Hospital, part of the NMC Healthcare group which listed in the London Stock Exchange, is seen in the Al Nahda area of ​​Dubai April 29, 2012. REUTERS/Jumana El Heloueh Register now for FREE unlimited access to Register DUBAI, March 25 (Reuters) – The core operations of NMC, the largest private healthcare … Read more