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Crypto exchange Gemini is trying to get $900 million back from crypto lender Genesis, Financial Times reported.

December 3 (Reuters) – Crypto broker Genesis and its parent company Digital Currency Group (DCG) owe $900 million to clients of the Winklevoss twins crypto exchange Gemini, the Financial Times reported on Saturday. Citing sources, the newspaper said that crypto exchange Gemini was trying to get the funds back after Genesis went astray due to …

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Saudi Exchange launches market-making framework to boost liquidity

DUBAI, Dec 4 (Reuters) – Saudi Arabia’s stock exchange said on Sunday it was launching a market-making framework for its stock and derivatives markets to help ensure liquidity and raise price-determination efficiency. Entities must be exchange members, derivatives exchange members or their clients to be market makers. “Market Makers have to ensure the availability of …

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EU to adapt state aid schemes in response to US subsidy package, von der Leyen says

BRUSSELS, Dec 4 (Reuters) – The EU will adapt its state aid rules to prevent an exodus of investment triggered by a new US green energy subsidy package, the bloc’s chief executive said on Sunday. “Competition is good … but this competition must respect a level playing field,” European Commission President Ursula von der Leyen …

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Exclusive: Twitter exec says moving fast on moderation, as harmful content surges

Dec 2 (Reuters) – Elon Musk’s Twitter is leaning heavily on automation to moderate content, doing away with certain manual reviews and favoring restrictions on distribution rather than removing certain speech outright, its new head of trust and safety told Reuters. Twitter is also more aggressively restricting abuse-prone hashtags and search results in areas including …

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Musk delivered his first Tesla truck, but no updates on production and pricing

Tesla ships first Semi to PepsiCo five years after introducing it No details on orders or capacity for electric trucks Semi uses existing Tesla cars to feature the new Supercharger December 1 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk delivered the company’s first heavy-duty Semi to PepsiCo (PEP.O) on Thursday; It did …

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Blackstone’s $69 billion REIT cuts redemptions as blow to property empire

NEW YORK, December 1 (Reuters) – Blackstone Inc (BX.N) made limited withdrawals from its $69 billion over-the-counter real estate income trust (REIT) on Thursday, following a surge in redemption requests. an asset management beast. The curbs came because the redemptions hit predetermined limits, rather than Blackstone set limits that day. Still, they have raised investor …

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IPO market nearly paused, but exchange leaders expect 2023 boost

NEW YORK, Dec 1 (Reuters) – A global slowdown in initial public offerings due to heightened market volatility and a regulatory cloud over new listings from China has created pent up demand that could lead to an IPO boom in 2023, industry executives told the Reuters NEXT conference. Global IPOs hit record-high levels in 2021, …

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EU temporarily accepts $60 price cap for Russia’s seaborne oil

BRUSSELS, December 1 (Reuters) – European Union governments tentatively agreed on Thursday on a ceiling price of $60 per barrel for Russia’s seaborne oil – the idea of ​​Group of Seven (G7) countries – with an adjustment mechanism to keep the cap at the same level. It’s 5% below market price, according to diplomats and …

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Florida pulls $2 billion from BlackRock in largest anti-ESG liquidation

December 1 (Reuters) – Florida’s chief financial officer said on Thursday that his department will withdraw $2 billion in assets managed by BlackRock Inc (BLK.N); governance (ESG) policies. The move would do almost no damage to BlackRock’s $8 trillion in assets and drew a strong response from the company, which said the move put politics …

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