SoftBank virtually halts new funding as it contends with persistent losses

https://techcrunch.com/2023/02/06/softbank-loses-nearly-6-billion-in-a-quarter-as-downturn-continues/ SoftBank Group’s investment vehicles posted a loss of nearly $6 billion in the quarter that ended in December as the Japanese tech investor continues to bleed through the market downturn and significantly pares back new backings. This is the …

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Binance temporarily halts withdrawals

Binance, the world’s largest cryptocurrency exchange, paused withdrawals of the stablecoin USDC on Tuesday while it carried out a “token swap.” USDC withdrawals were resumed about 8 hours after Binance first announced the pausing of withdrawals. Changpeng Zhao, CEO of …

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Sberbank, Gazprom, and Lukoil websites are blocked. FINRA halts trading in $SBRCY, $OGZPY, and $LUKOY, seeks more information from companies following economic sanctions on Russia.

by Law_And_Politics This is not legal advice and I am not your attorney. TL;DR: It appears there are no real restrictions on trading or owning Sberbank and Gazprom ADRs under current sanctions. Market-makers and brokers began halting buying in Russian equities …

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Oil Rally Halts On Economic Concerns

By Tom Kool Oil prices have been choppy in recent days, although WTI and Brent are holding onto their gains near multi-month highs. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) – The International Maritime Organization …

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