Finance

CEO of ‘Textbook Ponzi’ Pleads Guilty in $200M Bitcoin Fraud Case

CEO of ‘Textbook Ponzi’ Pleads Guilty in $200M Bitcoin Fraud Case

The chief executive of Praetorian Group International, Ramil Ventura Palafox, pleaded guilty in Virginia this week to wire fraud and money laundering. Palafox, 60, a dual U.S. and Philippine citiz...

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Factbox-Australia’s biggest takeover deals that fell apart

Factbox-Australia’s biggest takeover deals that fell apart

(Reuters) -A consortium led by Abu Dhabi National Oil Company on Wednesday withdrew its $18.7 billion offer to buy Australian gas producer Santos after months of wrangling over valuation and term...

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Barry Callebaut debt must come down, CEO says

Barry Callebaut debt must come down, CEO says

ZURICH (Reuters) -The world’s top chocolatier Barry Callebaut must reduce its debt and is working to achieve this, CEO Peter Feld was quoted as saying in an interview published on Thursday....

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Analysis-Lebanon’s distressed debt soars to shaky new heights

Analysis-Lebanon’s distressed debt soars to shaky new heights

By Libby George LONDON (Reuters) – Lebanon’s defaulted government bonds have nearly quadrupled in price over the past year as investors bet on signs of economic recovery but a wild va...

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SoftBank, OpenAI Japan AI joint venture is delayed, source says

SoftBank, OpenAI Japan AI joint venture is delayed, source says

By Yusuke Ogawa TOKYO (Reuters) -SoftBank’s plans to set up a joint venture with OpenAI to bring artificial intelligence services to corporate customers in Japan are significantly behind sc...

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