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[1/2] FTX logo is seen in this illustration taken, November 8, 2022. The appeal for cash injection has come as FTX was facing a $7 billion total liability, said Lai, citing Bankman-Fried's comment made in the call. FTX has approached OKX for a deal as it needed to survive through a slew of withdrawal requests, Lai said, citing the several calls he had with Bankman-Fried on Nov. 8. "If FTX does not get immediate cash injection, they would go bankrupt," said Lai, he recalled their conversation during a later call at 7 a.m. Hong Kong time. "Sam said he was talking with a few other potential investors, so he needed an urgent decison from us," he said.
Crypto markets have come under intense pressure this year, as rising interest rates prompt investors to ditch risky or speculative assets. In the case of FTX, U.S. residents can't trade on its global platform due to strict regulations for the crypto space in the United States. Ken Lo, co-founder at Hong Kong-based crypto exchange and custodian Hong Kong Digital Asset Exchange, said counterparty risk, which comes from a lack of transparency and information disclosure, underscores the need for "clear regulatory framework and vision statement." In an interview with Reuters in July, Bankman-Fried said his company still had a "few billion" on hand to shore up struggling firms that could further destabilize the digital asset industry. Max Boonen, co-founder of digital asset liquidity provider B2C2, said FTX's problems have set the crypto space back by six months.
He is seeking the remainder from other funds, including current investors in FTX such as venture capital fund Sequoia Capital, the source added. Bankman-Fried told investors that Alameda owes FTX about $10 billion, the Wall Street Journal reported. FTX had lent more than half of its customer funds to Alameda, the newspaper said. The U.S. securities regulator is investigating FTX.com's handling of customer funds and crypto-lending activities, according to a source with knowledge of the inquiry. Canada's Ontario Teachers Pension Plan, Tiger Global and Japan's Softbank are also FTX investors.
A representative for FTX did not immediately respond to requests for comment on the deal or the SEC investigation. FTX and Binance did not disclose the terms of their agreement, and markets face fresh uncertainty over whether it will proceed. REUTERS/Dado Ruvic/Illustration 1 2Prior to the Binance proposed deal, Bankman-Fried approached cryptocurrency exchange OKX on Monday morning about a deal, but the exchange declined to move forward. "It has been a truly a devastating year for the industry," said Ryan Wong, a senior researcher at crypto exchange Huobi. "This could be a major source of risk to crypto markets," Lai wrote.
Analysis: China's markets clutch at economy reopening straws
  + stars: | 2022-11-04 | by ( ) www.reuters.com   time to read: +4 min
Nearly three years after the coronavirus was first detected in central China, daily cases hit a six-month high on Friday. Even the unverified social media post on Tuesday that sparked the market's exuberance said a "Reopening Committee" would not aim at relaxing the curbs before March. China stocks market cap'THE TEST OF HISTORY'But cooler heads warn that China's trajectory of COVID rule relaxation will not resemble this week's stock charts. Reopening from COVID will likely take "a steady and gradual approach", similar to China's lengthy but successful economic liberalisation, said Zhang Kaihua, a Nanjing-based hedge fund manager. Yin Peixin, investment manager at Shanghai Jianlong Asset Management Co., said: "If our leadership doesn't stick with zero-COVID, China will be thrown into a hellish condition."
HONG KONG, Nov 3 (Reuters) - A weak Hong Kong dollar and capital outflows have pushed the city's interbank rates to 14-year highs and drained cash levels to their lowest in two years, sparking investor worries about Hong Kong's cherished currency peg and its economic health. Below are some details on the complex policy framework and recent developments surrounding the tight liquidity:WHY IS HONG KONG ON INVESTORS' RADAR? That has tightened cash in the economy and driven the one-month Hong Kong Interbank Offer Rate (HIBOR) to a 14-year high. A dearth of initial public offerings this year on Hong Kong Exchanges & Clearing's (HKEX) markets has dampened investor demand for Hong Kong dollars. Hong Kong rates, liquidity($1 = 7.8498 Hong Kong dollars)Reporting by Georgina Lee; Editing by Vidya Ranganathan and Edmund KlamannOur Standards: The Thomson Reuters Trust Principles.
HONG KONG, Oct 31 (Reuters) - Hong Kong's government has proposed allowing retail investors to trade in cryptocurrencies and crypto exchange-traded funds - a move it hopes will help it rebuild its fintech hub status. Authorities will start a consultation process on giving retail investors "a suitable degree of access" to virtual assets, Financial Secretary Paul Chan said in a keynote address broadcast to the Hong Kong Fintech Week conference. While Singapore allows retail investors to trade in cryptocurrencies, its central bank has been discouraging the public from speculative trading in cryptocurrencies and brought in restrictions on advertising of cryptocurrency services in public places. Hong Kong's latest move to legalise retail crypto trade would also set Hong Kong further apart from mainland China, which has a imposed a blanket ban on cryptocurrency trade. ($1 = 7.8492 Hong Kong dollars)Reporting by Georgina Lee; Additional reporting by Anshuman Daga; Editing by Vidya Ranganathan and Edwina GibbsOur Standards: The Thomson Reuters Trust Principles.
[1/2] People buy food at stalls promoting China's digital yuan, or e-CNY, during the 2022 China International Fair for Trade in Services (CIFTIS) in Beijing, China September 1, 2022. REUTERS/Tingshu WangHONG KONG/SHANGHAI, Oct 27 (Reuters) - China's digital yuan took the centre stage in the world's largest cross-border central bank digital currency (CBDC) trial to date, a report showed, pointing to how Beijing is speeding up yuan globalization efforts amid rising geopolitical tensions. China's digital currency, or e-CNY, was the most issued, and actively transacted token in the $22 million pilot that used CBDCs to settle cross-border trades, a Bank of International Settlement (BIS) report showed. The PBOC's participation in m-Bridge represents its ambition to eventually promote global, wholesale use of the e-CNY. But China's yuan internationalisation, digital or not, faces challenges amid a slowing economy ravaged by COVID flare-ups, and a property debt crisis.
Monthly debt market data shows foreign investors have been net sellers for seven straight months to August as what had been a lucrative yield premium in China vanished as U.S. interest rates soared. GIMME SHELTERAmid foreign investors' exodus, there are signs of locals following as fast as allowable under capital controls that were tightened after the previous season of heavy outflows in 2016. Moving money is also very difficult as COVID-19 curbs on travel add another layer to capital controls. Data from consultancy Education International Cooperation showed a 41.5% jump in queries about study in Hong Kong between January and July, compared with the same period a year earlier. They expect a rush to Hong Kong products when the border between Hong Kong and the mainland reopens.
Banknotes of the euro, Hong Kong dollar, U.S. dollar, Japanese yen, GB pound and Chinese yuan are seen in this picture illustration, in Beijing, China, January 21, 2016. Register now for FREE unlimited access to Reuters.com RegisterData showing U.S. producer prices increased more than expected in September, further boosted the dollar against the yen. Following the U.S. PPI data, the greenback rose as high as 146.88 yen , its strongest level since August 1998. Japanese authorities staged their first yen-buying intervention since 1998 on Sept. 22, when the dollar was at 145.90 yen. The risk-sensitive Australian dollar sank to a 2 1/2-year low of US$0.6236, and was last flat on the day at US$0.6268.
The dollar strengthened 0.22% to 146.18 yen in Asian trading, after pushing as high as 146.39 for the first time since August 1998. The Japanese currency is particularly sensitive to the gap between U.S. and Japanese long-term bond yields. Japanese authorities staged their first yen-buying intervention since 1998 on Sept. 22, when the yen tumbled to as low as 145.90 per dollar. Elsewhere, sterling which earlier touched $1.0925, marking a fresh low since Sept. 29, bounced 0.4% to $1.1008 after the FT report. The euro slumped to its weakest since Sept. 29 overnight at $0.9670 and remained not far from that level, trading 0.08% lower than Tuesday's close at $0.96975.
CNN —The curse of “Stranger Things” means every sci-fi/macabre concept involving teenagers will seemingly have its day on TV, with “The Midnight Club” as the latest example. The diverse makeup of the key group and approach to things like LGBTQ rights give “Midnight Club” a contemporary feel, despite its foundation in the past. As for the broader secrets, “Midnight Club” is in no hurry to disgorge those, perhaps hoping curiosity will pull viewers into a second season. Stranger things have happened, but if not, this could be the latest series in this genre that struggles to keep the midnight oil burning. “The Midnight Club” premieres October 7 on Netflix.
Fund manager says it's too early to back risk-on trade
  + stars: | 2022-09-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFund manager says it's too early to back risk-on tradeInvesco's Georgina Taylor says "we're in a big transition for markets."
Sursa foto: InstagramRonaldo, Georgina şi cei patru copii au închiriat o proprietate exclusivistă unde plătesc 12.000 euro pe noapteRămâne Cristiano Ronaldo sau nu la Juventus? Pozele din Baleare au fost împărtăşite de Georgina pe contul său de Instagram, unde are 25,6 milioane de urmăritori. Alături de Gorgina şi cei patru copii, Ronaldo se relaxează pe noul său yaht, evaluat la şase milioane de euro. Azimut Grande 27 este fabricat din fibră de carbon şi a fost achiziţionat acum un an. Ronaldo, de exemplu, plăteşte 12.000 euro pe noapte, conform celor de la AS.com.
Persons: Ronaldo, Cristiano Ronaldo, Cristiano, Englezii Kane, Juve, îşi Organizations: Juventus ?, Juventus Locations: Insulele Baleare, Manresa, Pollenca, Baleare, Portugalia, Belgia, Italia
Sursa foto: Getty ImagesCristiano Ronaldo, investiție de 2.5 milioane de euro la Madrid! Ce i-a cumpărat partenerei sale, Georgina RodriguezCristiano Ronaldo nu traversează cel mai bun moment din punct de vedere profesional, însă în viața personală lucrurile continuă să decurgă normal. Cunoscut pentru achizițiile extravagante pe care le face pentru el sau apropiați, fotbalistul portughez al lui Juventus a făcut o nouă achiziție impozantă, o casă în Madrid. Conform Tuttosport, Cristiano Ronaldo a achiziționat deja vila, care a costat 2.5 milioane de euro, iar imobilul va fi trecut pe numele partenerei sale, Georgina Rodriguez. Potrivit sursei citate, casa din Madrid nu a fost cumpărată pentru ca Georgina Rodriguez și Cristiano Ronaldo să locuiască în ea, achiziționarea imobilului fiind văzută, mai degrabă, drept o investiție.
Persons: Cristiano Ronaldo, Georgina Rodriguez Cristiano Ronaldo, Georgina Rodriguez ., Georgina Rodriguez Organizations: Madrid !, Juventus, Real Madrid Locations: Madrid, Spaniei
Atacantul lui Milan este alesul organizatorilor celebrului festival de la San Remo ca invitat permanent. Marele eveniment al muzicii italiene se va desfășura între 2 și 6 martie. Programul festivalului i-ar putea crea totuși probleme suedezului: pe 3 martie se dispută Milan - Udinese în Serie A.S-a aflat și cât va încasa Ibrahimovic pentru a prezenta la San Remo - este vorba de 50 de mii de euro pe seară. El va trebui să poarte exclusiv vestimentația oferită de un mare designer. Iar ca rol, toate zvonurile arată că Ibrahimovic va face glume chiar pe seama lui, mai ales că vor fi invitați imitatori de ai săi pe scenă.
Persons: Milan, Amadeus, Georgina Rodriguez, Cristiano Ronaldo Organizations: Inter, A Locations: San Remo, Milan, Udinese
Însoțit de Georgina Rodriguez, starul portughez nu a venit degeaba, deoarece a fost desemnat fotbalistul secolului, învingându-l pe marele său rival, Leo Messi, scrie digisport.ro. Sunt mândru de ceea ce am realizat, nu ar fi fost ușor fără cei care au fost alături de mine. E o viață fantastică,” a fost discursul lui Cristiano Ronaldo. Pep Guardiola a fost ales „Antrenorul secolului”Antrenorul secolului a fost ales Pep Guardiola, fiind preferat lui Alex Ferguson, Zinedine Zidane și Jose Mourinho. Bavarezii sunt echipa cea mai bună din 2020, în timp ce Real Madrid este echipa secolului.
Persons: Georgina Rodriguez, Leo Messi, Cristiano Ronaldo, Pep Guardiola, Alex Ferguson, Zinedine Zidane, Jose Mourinho, Robert Lewandowski, Jurgen Klopp, Lui Gerard Pique Organizations: France Football, FIFA Best Awards, Atalanta, Real Locations: Bayern, Real Madrid
Starurile fotbalului mondial sărbătoresc Crăciunul alături de cei dragi și au ținut să-și împărtășească bucuria cu fanii pe reţelele de socializare.Cristiano Ronaldo a celebrat Nașterea Domnului alături de iubita sa, Georgina Rodriguez și de cei 4 copii.Lionel Messi petrece și el alături de soția sa, Antonela Roccuzzo și de cei trei copii. Familia Messi a ţinut să felicite toată lumea de pe contul de Instagram al Antonelei.Luis Suarez, atacantul echipei Atletico Madrid, a apărut într-o postare alături de soție și copii, la fel ca și mijlocașul lui Manchester City, Kevin De Bruyne, dar și brazilianul de la FC Liverpool Roberto Firmino.Alvaro Morata, atacantul lui Juventus Torino, a postat și el o poză în care apare lângă copii și sărutându-și pasional soția.Cel mai bun fotbalist al anului 2020, Robert Lewandowski s-a bucurat și el de Crăciun alături de soția sa, Anna Lewandowska.Iar fostul mare atacant, brazilianul Ronaldo a avut parte de o surpriză uriașă. La el chiar a ajuns Moș Crăciun, care i-a adus un cadou.
Persons: Ronaldo, Georgina Rodriguez, Messi, Kevin, Bruyne, brazilianul, FC Liverpool Roberto Firmino.Alvaro, Robert Lewandowski, Crăciun, Anna Lewandowska.Iar, brazilianul Ronaldo, Moș Crăciun Organizations: ţinut, Atletico Madrid, Manchester City, FC Liverpool, Juventus Torino
Atacantul Milanului nu va mai juca, probabil, în 2020, dar are timp să studieze alte oferte, mai precis din showbiz. Conform presei italiene, Zlatan ar putea deveni prezentator la Festivalul de la Sanremo, cel mai important eveniment de acest gen din peninsulă. La ultima ediție, Georgina Rodriguez și Cristiano Ronaldo au fost atracția unei seri a festivaului. La 39 de ani, Zlatan Ibrahimovic traversează o perioadă fantastică la AC Milan. Suedezul a marcat de zece ori în această ediție de Serie A, iar ”diavolii” din Milano ocupă prima poziție în clasament, fără înfrângere.
Persons: Zlatan, Georgina Rodriguez, Cristiano Ronaldo, Suedezul Organizations: Juventus, AC Milan, A Locations: Milano
Cristiano Ronaldo a marcat împotriva echipei pregătite de Mircea Lucescu, Dinamo Kiev, în victoria cu 3-0, din grupele UEFA Champions League. CR7 este impresionant și la 35 de ani, starul lui Juventus înscriind de 10 ori în opt partide în acest sezon. Georgina Rodriguez, logodnica sa, a postat o fotografie prin care explică forma fizică și sportivă de invidiat a fotbalistului. Din prima zi, am observat diferența și nu aș schimba-o pentru nimic", a scris modelul pe contul său de Instagram. Mulțumesc tuturor coechipierilor și antrenorilor care m-au ajutat să ating acest uimitor număr, le mulțumesc și adversarilor care m-au făcut să muncesc mai mult în fiecare zi", a scris CR7.
Persons: Cristiano Ronaldo, Mircea Lucescu, lusitanul, Georgina Rodriguez, Georgina Organizations: Dinamo Kiev, UEFA Champions League, Juventus
Cristiano Ronaldo a fost prădat de hoți. Hoții au fugit, cel mai probabil, în momentul declanșării alarmei de către o rudă a fotbalistului. Acolo locuiesc și mama, dar și fratele fotbalistului, Hugo. Starul lui Juventus Torino a cumpărat proprietatea în 2015 și a investit peste 12 milioane de euro pentru a o renova. Dar hoții au ignorat, se pare, vechiul Bugatti Chiron al fotbalistului și SUV-ul Rolls-Royce Cullinan.
Persons: Cristiano Ronaldo, Spărgătorii, Aceștia, Georgina Rodriquez, Hoții, Ronaldo, Hugo, Bugatti Chiron, Rolls, Royce Organizations: Juventus Torino, Mercedes, Juventus Locations: Madeira, Portugaliei, Spania, Paris, Funchal, Noul
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