SWI Group's €800M raise flips a former FTX miner into AI data centres
SWI Group raised €800 million from institutional investors to convert Genesis Digital Assets — the ex-FTX-backed miner — into AI data centres, valuing the company at €6.1 billion.
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RBI rolls out emergency rupee defense: dollar window for oil firms, tougher hedging curbs
India's central bank is selling dollars directly to state-run oil companies and sharply raising the cost of hedging rupee weakness as the currency trades near record lows. The rupee opened Monday at 95.76 per dollar, up about 1%.
DOJ reviewing whether Binance breached $4.3B 2023 settlement
The US Justice Department is reviewing whether Binance kept the promises it made in its record $4.3 billion 2023 settlement, as prosecutors examine Iranian oil money allegedly moved through the exchange.
JPMorgan: delivered crude prices back at spring highs as tanker crunch deepens
JPMorgan's October 9 commodities note puts delivered prices back at spring highs — not because barrels are scarce, but because 766 of a 923-strong global supertanker fleet are already at work.
Bank earnings preview: JPMorgan, Goldman, Citi, Wells Fargo report October 13
Four of the six biggest US banks report Q3 results on October 13, with profits expected up to 20% higher from a year earlier — just as bank stocks sit 13% below their August peak.
Internet stocks trail Nasdaq by 37 points as AI capex fears bite
Internet stocks are down 18% in 2026 while the Nasdaq Composite is up 19% — Evercore ISI says hyperscaler free cash flow could inflect higher over the next year and "right the market's wrongs.
XRP smart money turns bearish on Binance and Bybit as price steadies at $1.40
Coinglass data shows smart-money accounts for XRP have gone extremely bearish on Binance and Bybit — even as the token recovers to $1.40 from its $1.31 low.
EUR/USD holds above 1.12 but ING sees 1.11 retest with December Fed hike priced
EUR/USD climbed back above 1.120 as the dollar cooled, but ING strategist Francesco Pesole says the bar for a real dollar correction is high — with a December Fed hike still priced, 1.110/1.112 is the next test lower.
Ledger confirms hardware implant as CryptoBilis theft estimates near $90M
Ledger confirmed an unauthorized hardware implant in one device sold through its Southeast Asian reseller CryptoBilis, as investigators trace as much as $93M in drained Bitcoin, Ethereum and Tron.
Italy deficit targets raised to 3.4% as Goldman warns of bond risk
Rome lifted its 2027 deficit target to 3.4% of GDP — a sharp jump from April's 2.8% — after signing off on €28 billion in new defense and energy borrowing. Goldman Sachs says wider deficits and rising yields could make Italy the eurozone's most indebted nation by 2028.
Diesel hits record $6.53 a gallon as electric trucks still can't compete
US diesel averaged a record $6.53 a gallon in September and topped $8.44 in California, yet battery-electric rigs still lose on cost — pushing the twin Southern California ports toward $60-a-trip subsidies for zero-emission trucks.
Porsche 9-month deliveries slide 16% as China sales plunge 33%
Porsche put 178,532 vehicles into customer hands through September 2026, 16% fewer than a year earlier, as a 33% plunge in China overwhelmed a 12% jump in 911 sales.