Bitcoin rises 5.5% to $19,897
(Reuters) – Bitcoin rose 5.54% to $19,897 at 22:13 GMT on Friday, adding $1,044 to its previous close.
BMW planning major investment in Mexico, minister says
MEXICO CITY (Reuters) – German carmaker BMW is planning a new major investment in the central Mexican state of San Luis Potosi, where the company already has a plant, Mexican Foreign Minister Marcelo Ebrard said Friday.
EU asks member states for proposals on how to ease state aid rules
BRUSSELS (Reuters) – The European Commission on Friday asked member states for input by Jan. 25 on proposals to ease state aid rules, as the bloc considers measures to prevent the United States from luring away investment with its green energy subsidy package.
Cuba says vulture fund seeking 72 million euros never a creditor as UK court begins proceedings
HAVANA (Reuters) – Cubas Central Bank on Friday lashed out against a “vulture fund” seeking to cash in on unpaid government debt lingering from the era of former leader Fidel Castro, calling illegitimate its claims against the Communist-run island in a London court.
IMF chief to visit Rwanda during visit to Africa -sources
WASHINGTON (Reuters) – International Monetary Fund chief Kristalina Georgieva will visit Rwanda later this month after traveling to Zambia, three sources familiar with the plans said on Friday.
Lulas changes at Brazil farm ministry draw cries from food security agency
By Ana Mano SAO PAULO (Reuters) – Changes by the new government of President Luiz Inacio Lula da Silva to a federal agency tasked with upholding the sanitary standards of Brazilian agricultural products are drawing criticism from civil servants in the Agriculture Ministry, documents show.
U.S. investors hunt for gains in foreign stocks
By Lewis Krauskopf NEW YORK (Reuters) – Some U.S. investors are looking abroad to capture better stock returns in the coming months, betting European and other international stocks hold more enticing valuations after a long period of U.S. dominance.
Carvana terminates more workers amid weak used car sales -WSJ
(Reuters) – Carvana Co is terminating more workers and take other measures such as reduced work hours as the used-car retailer contends with weak sales, the Wall Street Journal reported on Friday.
Big U.S. banks show brave face on jobs as Goldman Sachs cuts staff
By Saeed Azhar and Niket Nishant NEW YORK (Reuters) – JPMorgan Chase & Co and Bank of America Corp continued to add staff as the economy softens, even after the ranks of the five biggest U.S. lenders swelled by 100,000 since the start of 2020.
Crypto investor Justin Sun says willing to spend up to $1 billion on DCG assets
By Elizabeth Howcroft LONDON (Reuters) – Chinese crypto entrepreneur Justin Sun is willing to spend $1 billion of his own funds on buying assets belonging to Digital Currency Group (DCG), the parent company of embattled crypto lender Genesis, Sun told Reuters.
U.S. SEC awards $5 million to tipster
(Reuters) – The top U.S. markets regulator on Friday announced a $5 million award to a whistleblower whose tip-off it said had resulted in a successful enforcement action.
Yellen urges U.S. Congress to act quickly on debt limit
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Friday that the United States would likely hit the statutory limit on its debt on Jan. 19, forcing the Treasury to take “extraordinary measures” to prevent a default.
Fed says surging interest costs cut what it handed back to Treasury in 2022
By Michael S. Derby NEW YORK (Reuters) – The Federal Reserve said Friday that it handed back substantially less money to the Treasury last year than it did the year before, amid rising interest expenses tied to its work to lower inflation.
Israels Netanyahu defends plan to rein in judiciary
By Maayan Lubell JERUSALEM (Reuters) – Israeli Prime Benjamin Netanyahu defended on Friday a proposed shakeup of the judiciary but also indicated changes could be made to draft legislation that critics say would damage democracy and the independence of courts.
Analysis-ECB can cut carbon footprint by shedding bonds of biggest polluters
By Virginia Furness and Francesco Canepa
U.S. rejects Bill Hwangs sandbagging claim in Archegos prosecution
By Jonathan Stempel NEW YORK (Reuters) – The U.S. Department of Justice forcefully rejected Bill Hwangs claim that it sandbagged him by concealing its plan to charge him with fraud over the collapse of his $36 billion Archegos Capital Management LP.
Minority shareholders denounce Brazil‘s Americanas for ’multi-billion fraud
By Rodrigo Viga Gaier and Tatiana Bautzer
U.S. consumer inflation expectations fall in January
WASHINGTON (Reuters) – U.S. consumers believe price pressures will ease considerably over the next 12 months, with a survey on Friday showing their one-year inflation outlook falling in January to the lowest level since the spring of 2021.
EU chief says Polish law must be implemented to unlock funds
KIRUNA, Sweden (Reuters) – The European Union will assess whether Polands latest changes to the judiciary can unlock billions worth of EU aid only when the new law is fully implemented, the head of the European Commission said on Friday.
Dutch PM Rutte denies U.S. pressure over chip export policy
AMSTERDAM (Reuters) – The Netherlands is not feeling pressured by Washington to adopt new U.S. rules further restricting semiconductor technology exports to China, Dutch Prime Minister Mark Rutte said on Friday.