Barclays settles $17.7 billion debt sale lawsuit for $19.5 million amid securities fraud claims
Barclays has agreed to pay $19.5 million to settle a securities fraud lawsuit filed by shareholders in Manhattan federal court, over its misstep in selling $17.7 billion more debt than US regulators had authorized. The settlement, which was filed in
Bank of Korea pledges short-term liquidity boost to stabilize FX market amid political turmoil in South Korea
In response to South Korea’s recent political upheaval, the Bank of Korea (BOK) announced on Wednesday its commitment to boost short-term liquidity and stabilize foreign exchange (FX) markets as necessary. The central bank’s proactive measures follow a dramatic sequence of
South Korean political unrest jolts Asian stocks, triggers market volatility
Asian markets were rattled on Wednesday following political upheaval in South Korea, where a brief imposition of martial law created uncertainty across financial markets. The South Korean won saw volatile trading, briefly strengthening on suspected intervention but remaining near its
Chinese industry groups claim US chips are ‘no longer safe’: here’s why
In a sharp escalation of US-China tech tensions, four leading Chinese industry associations have advised domestic companies to reconsider purchasing US chips, labeling them as “no longer safe.” This rare, coordinated response follows Washington’s latest export curbs on Chinese semiconductor
Crypto market snapshot, Dec 4: Bitcoin at $96K, Tron soars 75%
The cryptocurrency market is buzzing with optimism as Bitcoin (BTC) consolidates near $95,000, and altcoins like Tron (TRX) and Reserve Rights (RSR) post massive gains. With a global market capitalization climbing 1% to $3.54 trillion, today’s crypto prices highlight a