• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Reserve Bank of Australia Governor Bullock: Forward-looking indicators of the labor market remain stable.According to JLC Network Technologys calculations, as of the fifth working day on the 18th, the change rate was 10.67%, with the average price of reference oil types at $104.32 per barrel. Domestic gasoline and diesel prices increased by 620 yuan/ton. The price adjustment window for this round is at 24:00 on September 24th. 1. Shandong Local Refineries: Yesterday, market purchasing sentiment was generally weak. Local refineries gasoline and diesel sales did not reach production-sales balance. Coupled with the continued decline in international crude oil prices, under the dominance of negative factors, local refineries are expected to put downward pressure on gasoline and diesel prices by about 50 yuan/ton today in order to promote sales. 2. East China: On Friday, crude oil prices continued to fall, weakening support from news. It is expected that today, the prices of main refined oil products in East China will remain at a high level, with continued sales control policies, downstream wait-and-see sentiment, and a sluggish buying and selling atmosphere. 3. South China: On Friday, crude oil prices continued to fall, weakening support from positive news. It is expected that today, the prices of main gasoline and diesel products in South China will remain at a high level, with some gasoline prices possibly easing slightly. Sales companies will continue to control sales volume, and the buying and selling atmosphere will be stable. 4. North China: On Friday, oil prices continued to fall, and market caution intensified. It is expected that gasoline and diesel prices from major suppliers in North China will remain high and consolidate sideways, with some areas potentially showing a slight downward trend. The policy of controlling diesel supply and holding back sales will continue, with traders making small orders based on immediate needs, resulting in a weak trading atmosphere. 5. Central China: On Friday, crude oil prices continued to fall at the close, and news guidance weakened. It is expected that gasoline and diesel prices from major suppliers in Central China will remain stable today, with some gasoline transactions potentially showing a slight easing. Market caution intensified, and buying and selling remained weak and stable.The Peoples Bank of China (PBOC) announced today that it conducted 463.3 billion yuan of 7-day reverse repurchase operations, with both the bid and winning bids amounting to 463.3 billion yuan. The interest rate for the operations was 1.40%. In addition, it conducted 100 billion yuan of 14-day reverse repurchase operations using a fixed-quantity, interest-rate bidding method with multiple price levels.The Saudi Embassy in the United States stated that the proposed F-35 arms sale demonstrates the strength and enduring stability of the Saudi-US strategic partnership.On September 18th, it was reported that industry insiders revealed SK Inc., a holding company of the SK Group, has transferred three of its four vice chairmen to SK Hynix. These three executives are Seo Jin-Woo, Yu Jeong-Joon, and Lee Hyung-Hee, who previously led the groups global business and external collaborations. SK Group stated that this personnel reshuffle took into account the increasing geopolitical uncertainty in the semiconductor industry. A company official explained, "The aim is to have senior executives with global experience and expertise advise on the overall operations of SK Hynix and support the development of its medium- and long-term vision." To this end, the three vice chairmen have recently begun in-depth one-on-one interviews with all SK Hynix executives. Furthermore, the report stated that SK Groups team of professional vice chairmen has also simultaneously joined SK Hynix.

FTX begins strategic review, seeks court relief to pay critical vendors

Cory Russell

Nov 21, 2022 14:44

微信截图_20221121105416.png


Destroyed cryptocurrency exchange On Saturday, FTX announced that it had started a strategic evaluation of its global assets and was getting ready to sell or reorganize some companies.


A court order was also requested by FTX and roughly 101 related companies to permit the functioning of a new global cash management system and the payment of its essential vendors.


In one of the most publicized crypto meltdowns, the exchange and its affiliates filed for bankruptcy in Delaware on November 11. An estimated million users and other investors are expected to have lost billions of dollars as a result.


According to a statement from the company's new CEO John Ray, FTX would look into sales, recapitalizations, or other strategic transactions for some of its units.


In a court document filed on Saturday, FTX requested authorization to pay prepetition claims of up to $17.5 million after the entry of the final decision and up to $9.3 million after an interim order to its essential vendors.


The exchange said that its businesses would suffer "immediate and irreparable loss" if the requested court relief was not granted.


FTX's Ray stated, "Based on our evaluation over the past week, we are glad to see that many of FTX's regulated or licensed subsidiaries, both inside and outside of the United States, have healthy balance sheets, responsible management, and significant franchises.


According to FTX, as of Nov. 16, there were 216 debtor bank accounts with positive balances; however, as of yet, the company has only been able to confirm the balances in 144 of those accounts.


Subject to court clearance, the company has selected Perella Weinberg Partners LP as its principal investment bank to assist with the selling process.