FTX signs deal with Tron to let users swap some assets
Cryptocurrency exchange FTX has set up an agreement with Justin Sun’s blockchain network Tron that will allow holders of TRX and some other crypto tokens…
Category: Business
Kenya to cut ‘appetite’ for borrowing, eyes narrower budget deficit
Kenya’s government is reducing its rate of borrowing, officials said on Thursday, while unveiling a significantly narrower budget deficit target for the next financial year.…
U.S. inflation turning the corner as consumer prices rise below expectations
U.S. consumer prices rose less than expected in October, pushing the annual increase below 8% for the first time in eight months, the strongest signs…
Tod’s sales beat forecast as owners weigh de-listing
Sales at Italian fashion group Tod’s (TOD.MI) rose by a bigger-than-expected 16.4% in the first nine months of the year, as the founding Della Valle…
Amazon reviewing unprofitable business units to cut costs – WSJ
Amazon.com Inc (AMZN.O) is undertaking a review of its unprofitable businesses, including the devices unit that houses voice assistant Alexa, to cut costs, the Wall…
Benettons and Blackstone secure 62.2% of Atlantia’s shares as bid nears end
The Benetton family and U.S. investment fund Blackstone (BX.N) have secured Atlantia (ATL.MI) shares accounting for 62.2% of its capital as of Thursday, a day…
EXCLUSIVE Bankman-Fried seeks $9.4 bln package for FTX rescue-sources
Sam Bankman-Fried is seeking to put together a rescue package of up to $9.4 billion for his troubled cryptocurrency exchange FTX, a person with direct…