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CAP

Hedge-Fund Trader Wins $5.4 Million UK Fight Over Denied Bonus

A London hedge-fund trader who was dragged into a market-abuse probe that rattled Wall Street won his legal fight for a multi-million dollar bonus withheld by his former firm Evolution Capital Management.

A London hedge-fund trader who was dragged into a market-abuse probe that rattled Wall Street won his legal fight for a multi-million dollar bonus withheld by his former firm Evolution Capital Management.
Bloomberg MarketsDec 8, 1:02 PM
CAP

Indonesia Seeks to Plug FX Loopholes in New Export Earnings Rule

Indonesia is seeking to place new limits on how commodities exporters can use their foreign exchange earnings, part of efforts to draw more funds onshore and support a rupiah that has remained persistently weak in Southeast Asia’s largest economy.

Indonesia is seeking to place new limits on how commodities exporters can use their foreign exchange earnings, part of efforts to draw more funds onshore and support a rupiah that has remained persistently weak in Southeast Asia’s largest economy.
Bloomberg MarketsDec 8, 12:53 PM
CAP

Indonesia’s New FX Lock-Up Rule Could Strain Commodity Exporters

Indonesia’s plan to tighten control over commodity exporters’ foreign-exchange earnings may strain liquidity and curb their access to the rupiah, as the government seeks to keep more dollars onshore to support the weakening currency.

Indonesia’s plan to tighten control over commodity exporters’ foreign-exchange earnings may strain liquidity and curb their access to the rupiah, as the government seeks to keep more dollars onshore to support the weakening currency.
Bloomberg MarketsDec 8, 12:53 PM
CAP

Indonesia’s New FX Lock-Up Rule to Hit Commodity Exporters

Indonesia’s commodity exporters could see their cash flow strained as the government tightens control over their foreign-exchange earnings in a bid to keep more dollars onshore and support the weakening currency.

Indonesia’s commodity exporters could see their cash flow strained as the government tightens control over their foreign-exchange earnings in a bid to keep more dollars onshore and support the weakening currency.
Bloomberg MarketsDec 8, 12:53 PM
MA

Blue Acquisition Corp. to Merge with Blockfusion Data Centers, Creating a $450 Million Data Center Powerhouse

Blue Acquisition Corp. has announced a definitive merger agreement with Blockfusion Data Centers, Inc., valued at $450 million. This strategic combination aims to enhance operational capabilities and shareholder value, with a projected closing date contingent upon regulatory approvals and shareholder votes.

In a significant development within the data center industry, Blue Acquisition Corp. has entered into a Business Combination Agreement with Blockfusion Data Centers, Inc. This merger, valued at approximately $450 million, aims to create a stronger entity in the increasingly competitive data center market. The transaction is designed to streamline operations and enhance shareholder value for both companies. As per the terms of the agreement, Blue Acquisition Corp. will merge with Blockfusion Data Centers, Inc.,...
USFMDec 8, 12:41 PM