Monday, 27 September 2021

Reuters Business: Refinitiv agrees to pay a civil penalty of $650,000 for failing to report certain swap data - CFTC

Refinitiv agrees to pay a civil penalty of $650,000 for failing to report certain swap data - CFTC

The U.S. Commodity Futures Trading Commission (CFTC) on Monday said it has filed and settled charges against Refinitiv US SEF LLC, in the agency's first ever enforcement action against a swap execution facility over reporting violations.

UFC-owner Endeavor to buy sports betting firm OpenBet for $1.2 bln

Endeavor Group Holdings Inc , the sports and entertainment company that also owns UFC, will buy sports betting firm OpenBet from Scientific Games Corp for $1.2 billion, the companies said on Monday.

Fed's Powell: Reopening economic bottlenecks could be "more enduring"

The higher prices and hiring difficulties seen as the U.S. economy reopens from the pandemic could prove "more enduring than anticipated," and the Federal Reserve would move against unchecked inflation if needed, Fed chair Jerome Powell said in remarks prepared for delivery to the Senate banking committee on Tuesday.

Tech pulls Nasdaq, S&P 500 down as Treasury yields rise

The S&P 500 and Nasdaq indexes ended lower on Monday with investors pivoting to value as tech shares, hurt by rising Treasury yields, weighed on equities in the quarter's final week.

Aurora Cannabis posts smaller core loss on higher pot demand, cost cuts

Aurora Cannabis Inc , reported a smaller fourth-quarter core loss on Monday, as the pot producer benefited from aggressive cost-cut measures and higher demand for cannabis and related products.

British warehouse worker shortage triggers up to 30% pay spike

Warehouses in Britain are having to pay up to 30% more to recruit staff after a chronic shortage of workers exacerbated pressure on already buckling supply chains and threatened to derail the run up to Black Friday and Christmas.

Fed's Kaplan to leave job Oct. 8, citing trading activities

Dallas Federal Reserve Bank President Robert Kaplan on Monday said he will leave his job on Oct. 8 to eliminate any "distraction" to the central bank related to his personal investment activities.

China's top regulators ban crypto trading and mining, sending bitcoin tumbling

China's most powerful regulators on Friday intensified a crackdown on cryptocurrencies with a blanket ban on all crypto transactions and mining, hitting bitcoin and other major coins and pressuring crypto and blockchain-related stocks.

Citigroup appoints former U.S. Treasury official as general counsel - memo

Citigroup Inc has named former U.S. Treasury official Brent McIntosh as its new general counsel and corporate secretary, Chief Executive Officer Jane Fraser wrote in a memo to employees on Monday.

Tech pulls Nasdaq to lower close as Treasury yields rise

Wall Street ended mixed on Monday as investors began the last week of September and the quarter with a pivot to value as tech shares, hurt by rising Treasury yields, weighed on the Nasdaq Composite index .

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