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On January 28th, Woodside Energy, an Australian energy giant, reported a 13% drop in fourth-quarter revenue, impacted by continued declines in global crude oil prices and decreased demand on Australias east coast. The company reported revenue of $3.04 billion for the quarter ending December 31st, down from $3.48 billion in the same period last year, but higher than Visible Alphas forecast of $2.84 billion.On January 28th, U.S. Trade Representative Greer stated that India still has much to do to alleviate U.S. concerns about its purchases of Russian oil and to secure tariff reductions. Greer said that while New Delhi has made "significant progress" in curbing its Russian oil purchases, "its difficult for them" to completely stop buying Russian oil because "they like the discounts they get from Russian oil." Greer said, "Im in frequent contact with my counterparts in India. We have a good working relationship, but at this point, they still have a long way to go." These comments indicate that an agreement to reduce U.S. tariffs on Indian goods remains a distant prospect. U.S. and Indian officials have been negotiating for months regarding reducing the 50% tariffs imposed by Trump.Woodside projects oil and gas production of 172 million to 186 million barrels of oil equivalent in 2026.Texas Instruments (TXN.O) shares extended gains to 10% in after-hours trading after the company reported a 70% increase in revenue from its data center division in the fourth quarter.Vale (VALE.N): Fourth-quarter copper sales were 106,900 tons. Copper sales in 2025 are projected to reach 367,800 tons.

New FTX chief says bankrupt crypto exchange could restart

Skylar Shaw

Jan 20, 2023 11:43

According to Chief Executive Officer John Ray, the bankrupt cryptocurrency exchange FTX is considering ways to resurrect its operations. He made the announcement to the Wall Street Journal on Thursday.


According to Ray, who took over the company's leadership in November, a task group has been established to look at reviving FTX.com, the organization's primary international exchange.


The CEO also said in an interview with the Journal that he would research if resurrecting FTX's international exchange would generate more value for the company's clients than his team could get by simply selling the platform or liquidating its assets.


Following the news, FTT, the native token of FTX, increased by around 30%.


I'm relieved Mr. Ray is now only pledging to restart the exchange after months of blocking such attempts! Sam Bankman-Fried, the founder and former CEO of FTX, said in a tweet.


Bankman-Fried said, "I'm still waiting for him to eventually acknowledge FTX US is solvent and return clients' money.


An inquiry for comment from Reuters was not immediately answered by an attorney representing FTX.


Bankman-Fried is accused of robbing the exchange's users of billions of dollars to settle debts accrued by his cryptocurrency-focused hedge fund, Alameda Research. He's denied the allegations of fraud.


Customer money' future, however, is still unknown. In a note to creditors earlier this week, FTX said that since declaring bankruptcy in November, hackers had stolen nearly $415 million in cryptocurrency from its worldwide and American exchanges.


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