• Sep 03, 2024

Customers of Indian crypto exchange WazirX unlikely to recover full funds

Customers of WazirX, the Indian cryptocurrency exchange that suffered a $234 million hack in July, are unlikely to recover their funds in full through the ongoing restructuring process, a company legal adviser said on Monday. George Gwee, a director at restructuring firm Kroll working with WazirX, said that at least 43% of the money any customer had in WazirX is unlikely to be recovered. Last week, WazirX asked a Singapore High Court for six months' protection while it restructures its liabiliti

  • Sep 03, 2024

Brazilian Oil Giant Petrobras Taps Global Markets for Dollar Bond Sale

(Bloomberg) -- Brazil’s state-controlled oil producer Petroleo Brasileiro SA tapped global bond markets to borrow $1 billion, joining a wave of sales by other emerging-market companies and governments.Most Read from BloombergHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatPetrobras sold dollar-denominated notes due in 2035, according to people familiar with the matter, who asked not to be identified because they’re not authorized to spea

  • Sep 03, 2024

Emerging-Market Assets Drop as Investors Wait for Fed Rate Clues

(Bloomberg) -- Emerging-market assets fell for a second day amid a rout in commodity prices and with traders focused on a slew of economic data that will provide more clues on the Federal Reserve’s rate-cut path.Most Read from BloombergHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatGauges for emerging-market stocks and currencies extended losses after US manufacturing activity shrank in August for a fifth month, reflecting faster rates