Cryptocurrency exchange Deribit claims Three Arrows failed to repay $80 million. Derivatives venue says hedge fund exploited loans to increase its cryptocurrency market wagers. Two prominent crypto financial services firms, BlockFi and Genesis, liquidated Three Arrows’ investments last month. This week, Three Arrows Capital was liquidated after cryptocurrency exchange Deribit claimed the crypto hedge fund … Read more
The yen has been weighed down by rising interest rates around the world. It is nearing the 135.20 per dollar mark, which would be its lowest since 2002. The euro was little changed at $1.07130 on Thursday, having moved very little this week. The yen dropped to a 20-year low on the dollar on Thursday, … Read more
Hasbro is poised to prevail over a board challenge from activist hedge fund Alta Fox. The hedge fund had pushed Hasbro to spin off its Wizards of the Coast and Digital Gaming unit. Early vote tallies show Hasbro ahead of Alta, which nominated one director. Hasbro Inc (HAS.O) is ready to beat a board challenge … Read more
RIYADH: The Saudi Ministry of Industry said work is under way with the Ministry of Finance to prepare regulations for a mining fund to support the objectives of the comprehensive strategy for the mining industries, Arab News reported. The main objective of establishing the fund is to find sustainable sources of funding to develop and support mining … Read more
KARACHI: Drekkar Kingsway Limited’s (DKL) corporate status stands restored to implement the revival business plan approved by the company’s shareholders in their annual general meeting held on October 22, 2021 The Islamabad High Court on Wednesday December 8, has dismissed the winding up petition against the Drekkar Kingsway Limited (DKL), a bourse filing by DKL … Read more
India’s government will introduce a bill to ban private cryptocurrencies and create a framework for a central bank-backed digital money, parliament said in a shock announcement late Tuesday. The proposed bill “seeks to prohibit all private cryptocurrencies in India”, the Lok Sabha said, and comes after Prime Minister Narendra Modi warned last week that Bitcoin … Read more
Qatar is set to join forces with Rolls Royce to launch a fund worth billions in investments in green engineering projects with a focus on an engineering hub in the UK with the potential for 10,000 jobs, The Sunday Times reported. The UK broadsheet quoted sources close to the project reporting that a new science … Read more
DUBAI: An Abu Dhabi-based global fund has surpassed its target of $50 million in its second raise, as it aims at deploying investments to a dozen companies in Series A and pre-IPO stages. The Chimera Global Fund, managed by Chimera Capital, said it has a “robust pipeline of opportunities” in a number of sectors, including … Read more
KARACHI: Bank deposits have surged 22 per cent to reach the 14-year high of Rs19.80 trillion by the end June 2021, compared with Rs16.23 trillion during the preceding period last year, according to a report released by the Topline Securities, on Tuesday. The deposits growth has been fuelled by higher remittances (+27 per cent YoY … Read more
Pakistan Tehreek e Insaf (PTI) Senator Faisal Javed Khan has revealed that $101 million have been deposited in Roshan Digital Accounts. He informed in his tweet: Great News: Over $100 million have bn deposited in Roshan Digital Accounts & 44,000 plus accounts opened by our great overseas Pakistanis. Also, over 50 million invested in Naya … Read more
