Latin America

FTX’s Bankman-Fried, charged with ‘epic’ fraud, released on $250 million bond

Reuters | December 23, 2022

By Luc Cohen and Jody Godoy NEW YORK (Reuters) – Sam Bankman-Fried was released on a $250 million bond package on Thursday while he awaits trial over the collapse of the FTX crypto exchange, which a U.S. prosecutor called a “fraud of epic proportions.” Federal prosecutors in Manhattan have accused the FTX founder of stealing […]

FTX’s Bankman-Fried to agree to U.S. extradition in about-face after hearing -source

Reuters | December 20, 2022

By Jared Higgs, Luc Cohen and Jack Queen NASSAU, Bahamas/NEW YORK (Reuters) -Sam Bankman-Fried has decided to agree to be extradited to the United States to face fraud charges, a person familiar with the matter said on Monday, just hours after the FTX founder’s lawyer told a Bahamas judge he was not ready to consent. […]

FTX founder Bankman-Fried in custody after fraud charges, bail denied

Reuters | December 14, 2022

By Jared Higgs, Luc Cohen and Chris Prentice NASSAU, Bahamas/NEW YORK (Reuters) -A Bahamian judge denied FTX founder Sam Bankman-Fried bail on Tuesday, hours after U.S. prosecutors accused the 30-year-old of misappropriating billions of dollars and violating campaign laws in what has been described as one of America’s biggest financial frauds. The former CEO of […]

Soccer-Brazil’s Vinicius Jr looking to terminate Nike deal, report says

Reuters | December 4, 2022

SAO PAULO (Reuters) – Brazil’s Real Madrid forward Vinicius Jr is trying to terminate his sponsorship agreement with Nike Inc, website UOL reported on Sunday, saying the player feels he has been getting unfair treatment from the U.S.-based company. Vinicius Jr, who is currently with the national team at the Qatar World Cup, has contacted […]

Chevron can resume key role in Venezuela’s oil output, exports

Reuters | November 26, 2022

By Daphne Psaledakis and Marianna Parraga WASHINGTON/HOUSTON (Reuters) -Chevron Corp on Saturday received a U.S. license allowing the second-largest U.S. oil company to expand its production in Venezuela and bring the South American country’s crude oil to the United States. The decision grants broader rights for the last big U.S. oil company still operating in […]

Exclusive-U.S. says Russia oil price cap will not be aimed at OPEC

Reuters | October 19, 2022

By Noah Browning and Dmitry Zhdannikov LONDON (Reuters) -New steps from Group of Seven countries to cap Russian oil sales at an enforced low price will not be replicated against OPEC producers, whose plans to cut output have irked consumer countries, a United States Treasury official told Reuters.     Washington has communicated to representatives of […]

Washington plays hardball with Chevron’s Venezuela license over Mexico talks

Reuters | October 18, 2022

By Marianna Parraga and Matt Spetalnick WASHINGTON (Reuters) -U.S. officials have made clear that allowing oil major Chevron to expand in Venezuela depends on a grand gesture: the Venezuelan government and opposition returning to election talks in Mexico at least for a first round, three people close to the matter said this week. Under a […]

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