WASHINGTON, March 31 (Reuters) – Four major US mobile carriers told the Federal Communications Commission (FCC) late Friday that they had agreed to a number of voluntary actions to address aviation safety concerns and allow full use of the C-Band wireless spectrum for 5G use. “These voluntary commitments support full-power deployments in the C-Band and … Read more
March 31 (Reuters) – Canada on Friday approved Rogers Communications Inc’s acquisition of Shaw Communications for C$20 billion ($14.8 billion) after making binding commitments to pay financial penalties if the company fails to deliver new create jobs and invest to expand its network. The latest nod from Minister of Innovation, Science and Industry François-Philippe Champagne … Read more
NEW YORK/WASHINGTON, March 31 (Reuters) – The Federal Deposit Insurance Corporation (FDIC) has hired advisers to sell the securities portfolios rejected by the new owners of the bankrupt Silicon Valley Bank and Signature Bank, according to people in the know with the case. The portfolios consist of low-interest assets, such as government bonds and U.S. … Read more
KUALA LUMPUR, March 31 (Reuters) – Malaysia’s top court on Friday rejected a bid from imprisoned former Prime Minister Najib Razak to review his corruption conviction over the billion-dollar scandal at state fund 1MDB, putting Najib’s judicial attempts to challenge the guilty verdict , were terminated. . Najib became the first Malaysian prime minister to … Read more
NEW YORK, Sept. 29 (Reuters) – A nearly $16 billion JP Morgan fund is expected to reset its options positions on Friday, possibly adding to stock volatility at the end of a dismal quarter for equities. Analysts have historically pointed out that the JPMorgan Hedged Equity Fund’s quarterly reset has been troubled markets, seeing this … Read more
NEW YORK, March 30 (Reuters) – Indicted founder of the FTX cryptocurrency exchange, Sam Bankman-Fried, pleaded not guilty on Thursday to fresh US charges of conspiracy to violate campaign finance laws and bribe Chinese authorities. Bankman-Fried, 31, through his attorney, Mark Cohen, entered the plea for the new 13-count indictment at a hearing before U.S. … Read more
BRUSSELS, March 30 (Reuters) – Alphabet’s (GOOGL.O) Google Cloud has accused Microsoft (MSFT.O) of anti-competitive cloud computing practices and criticized upcoming deals with several European cloud vendors. license terms. In Google Cloud’s first public comments on Microsoft and its European deals, Vice President Amit Zavery told Reuters that the company has raised the issue with … Read more
MSCI All-World index up 0.3%, dollar falls UBS rehires Ermotti as head of the merged unit Alibaba up 13%, other Chinese tech stocks up Oil rises, gold falls LONDON, March 29 (Reuters) – Global stocks rose on Wednesday as investors took heart from greater levels of stability in the banking sector, but the sense of … Read more
March 28 (Reuters) – The US Federal Deposit Insurance Corp (FDIC) has informed collapsed lender Signature Bank’s (SBNY.O) crypto clients that they have until April 5 to close their accounts and move their funds. The deposits in question were not part of a rescue deal entered into earlier this month with Flagstar Bank, a unit … Read more
OTTAWA, March 28 (Reuters) – Canada on Tuesday sought to close its competitive gaps with the United States with a budget aimed at attracting investment into the low-carbon economy, including tax breaks for electric vehicle (EV) manufacturers and expansion of the power grid. The 2023-2024 fiscal document, delivered to the House of Commons, also includes … Read more