Friday 24 December 2021

Reuters Business: Credit Suisse may take legal action against SoftBank over Greensill debt -court document

Credit Suisse may take legal action against SoftBank over Greensill debt -court document

Credit Suisse is seeking information through the U.S. courts which could lead to it taking legal action in Britain against SoftBank Group Corp to recover funds it says are owed to its Greensill-linked supply chain finance funds, U.S. court documents show.

Fading Omicron concerns set up shares for weekly gain, dent dollar

Stock markets in Europe and Asia cemented gains in light holiday trade on Friday, while the safe-haven dollar eased on signs the Omicron variant would not significantly derail global economic growth.

Canada says completes important step for resuming potato exports to U.S.

Canada has completed an important step for eventually resuming exports of fresh potatoes to the United States from the province of Prince Edward Island, the Canadian Food Inspection Agency said on Friday.

Turkish lira caps historic week with big lift from Erdogan government

Turkey's lira closed out its strongest week on record on Friday, spiking more than 50% with the support of billions of dollars of state-backed market interventions and a promise that the government would cover FX losses on certain deposits.

Apple's App Store broke competition laws, Dutch watchdog says

The Netherlands' top competition regulator on Friday said Apple Inc broke the country's competition laws and ordered changes to the iPhone maker's App Store payment policies.

Asset bubbles? Champagne outfizzes Big Tech and bitcoin in 2021

You might be tempted to pop corks if you've invested in vintage champagne this year - the most coveted bottles have outperformed all major financial market assets, from Big Tech to bitcoin.

Russia fines Meta Platforms 2 bln roubles

A Russian court fined Meta Platforms almost 2 billion roubles ($27.16 million) on Friday for what it said was a repeated failure to delete content Russia deems illegal, the press service of Moscow courts said.

Dutch regulator says Apple's App Store broke competition laws

The Netherlands' top competition regulator said Apple Inc broke competition laws and ordered changes to the iPhone maker's App Store payment policies, according to decision unsealed on Friday.

China proposes tighter rules but no ban for offshore listings

China's securities watchdog on Friday proposed tightening rules governing Chinese companies listing abroad, which it said would improve oversight while allowing them to continue to do so, the latest in a spate of regulatory moves by Beijing in 2021.

U.S. equity funds enjoy big inflows on easing Omicron worries

U.S. equity funds saw big inflows in the week ended Dec. 22, supported by easing fears over the Omicron variant and strong earnings from some big companies such as Nike and Micron Technology .

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