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US appeals court upholds FTX founder Sam Bankman-Fried's fraud conviction
Developing
Crime·2d agoAI summary

US appeals court upholds FTX founder Sam Bankman-Fried's fraud conviction

أيدت محكمة استئناف أميركية إدانة قطب العملات المشفرة السابق سام بانكمان فرايد بتهم الاحتيال، ورفضت ادعاءات محامييه بأن محاكمته كانت غير عادلة. القرار يحد من خيارات بانكمان فرايد القانونية بينما يقضي عقوبة السجن لمدة 25 عاماً.

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الشرق الأوسط
South Korean Stocks Selloff Due to Portfolio Rebalancing, Not Loss of Confidence: KRX CEO
Developing
Business·4d agoAI summary

South Korean Stocks Selloff Due to Portfolio Rebalancing, Not Loss of Confidence: KRX CEO

Korea Exchange CEO Jeong Eun-bo told CNBC that the selloff in South Korean stocks is due to inevitable portfolio rebalancing by foreign investors after massive gains, not a loss of confidence. He noted the Kospi's significant growth in 2025 and early this year, leading to increased market weight in global portfolios. Circuit breakers were activated as the Kospi fell over 13% in six sessions. Jeong expects the rebalancing pressure to ease, with authorities conducting smoothing operations on the won, which hit a 17-year low against the dollar.

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CNBC World