Reuters USA

By Nell Mackenzie LONDON (Reuters) – Almost $125 billion worth of assets, from performance losses and asset flows, left the hedge fund industry in 2022, Hedge Fund Research (HFR) data showed on Friday in the latest sign of the havoc that volatility wreaked on the industry last year. Investors rethought putting their money into hedge …

Hedge fund industry lost $125 billion worth of assets in 2022 – HFR Read More »

(Reuters) -The lending unit of crypto firm Genesis filed for U.S. bankruptcy protection on Thursday, owing creditors at least $3.4 billion, after being toppled by a market rout along with the likes of exchange FTX and lender BlockFi. Genesis Global Capital, one of the largest crypto lenders, froze customer redemptions on Nov. 16 after the …

Crypto lending unit of Genesis files for U.S. bankruptcy Read More »

By Arunima Kumar and Liz Hampton (Reuters) -SLB, the world’s largest oilfield services firm, beat Wall Street estimates for fourth-quarter profit on Friday, driven by strong demand for drilling services and equipment as oil and gas prices remained elevated amid tight supplies. SLB, formerly called Schlumberger, has benefited from increased oil drilling and production in …

Oilfield services firm SLB beats fourth-quarter profit forecast Read More »

(Reuters) -The Public Utility Commission of Texas (PUCT) on Thursday adopted a new market design for the state’s electric grid that will see power plants getting paid to be on standby, aimed at securing new generation capacity and increasing grid reliability. The market redesign is the latest of several efforts by Texas regulators to ensure …

Texas regulator proposes power market overhaul after 2021 freeze Read More »

(Reuters) – A unit of Canadian insurer Sun Life Financial Inc has partnered with Hong Kong-based Dah Sing Bank in a deal valued at nearly C$260 million ($193 million), the companies said on Friday. Under terms of the partnership, Sun Life would pay to become the exclusive life insurance provider for Dah Sing Bank’s 570,000 …

Canadian insurer Sun Life inks $193 million deal with HK’s Dah Sing Read More »

By Swathi Nair BENGALURU (Reuters) – The Bank of Canada will hike its key interest rate by a modest quarter point to 4.50% on Jan. 25 and then hit pause on an aggressive tightening campaign, according to a Reuters poll of economists, with risks skewed toward a higher peak. Inflation, which clocked 6.3% in December, …

BoC to raise rates by 25 bps to peak of 4.50% on Jan. 25: Reuters poll Read More »

By Dan Whitcomb (Reuters) – A federal judge on Thursday ordered former U.S. President Donald Trump and his attorneys to pay more than $937,000 in sanctions for suing former Secretary of State Hillary Clinton over claims the 2016 presidential election was rigged. U.S. District Judge John Middlebrooks, who threw out Trump’s lawsuit in September, said …

Trump, lawyers sanctioned nearly $1 million for ‘political’ lawsuit vs Clinton Read More »

(Reuters) – Global equity funds secured weekly inflows for a second straight week in the week to Jan. 18 on hopes over waning inflationary risks and more measured rate hikes from the Federal Reserve, though recent data showed a drop in consumer spending. Refinitiv Lipper data showed global equity funds obtained $5.24 billion worth of …

Global equity funds post second weekly inflows in a row Read More »