Thursday, December 29, 2022

Bahamas regulator holds FTX assets pending delivery to customers, creditors

The Securities Commission of the Bahamas said that it is holding FTX assets worth $3.5 billion based on market pricing at the time of transfer on a temporary basis to deliver them to customers and creditors who own them.

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Mercedes plans bigger India play with greater localisation of parts

Mercedes-Benz plans to increase its local manufacturing efforts while expanding its supplier base in India. The luxury carmaker expects to a...