The latest court action brings the total number of V Global executives behind bars to seven, after the CEO was previously sentenced to 22 years in prison. Six executives were sentenced to up to eight years in prison for their roles in the $1.5 billion (2 trillion won) South Korean crypto exchange fraud V Global, but three were not detained so they could fight certain charges in court. V Global ran from July 2020 to April 2021, attracting approximately 50,000 investors by promising 300% returns as well as sizable payments for referring new customers. According to a translation of Dec. 26 reports from South Korean media outlets such as Economist.co.kr, two high-ranking executives named Mr. Yang and Mr. Oh were sentenced to eight and three years in prison, respectively, for their roles in defrauding investors. Another four unnamed executives were sentenced to three years in prison and five years on probation. Three of the six have not yet been detained because they have claimed innocence

Here is the text version of the episode of the FT News Briefing podcast: "Bank of Japan shocks markets" Jennifer Jessica Smith The Financial Times wishes you a good morning. The date is now Wednesday, December 21. And that wraps up today's edition of the FT News Briefing. The Bank of Japan gave in, and the markets shuddered. Many FTX clients are jockeying for position at the refund window. In addition, Tom Wilson of the Financial Times reviews the year's events in the volatile energy sector. Wilson, Tom You know, if we were to move this section to Russia, it would be appropriately titled "Russia," no? Suggested Citation: Jessica Smith Here's the day's essential news from me, Jess Smith, filling in for Marc Filippino. The Bank of Japan's sudden change in monetary policy sent shockwaves through global financial markets. Japanese central bankers had maintained their hyper loose monetary policy for a long time, and they had refused to raise interest

Stock futures went down Tuesday morning after the Bank of Japan said it would change its yield target range. Futures linked to the Dow Jones Industrial Average fell by 236 points, or 0.72 percent. Both S&P 500 futures and Nasdaq 100 futures fell by 0.86 and 1.05 percent, respectively. During regular trading on Monday, the Dow lost more than 162 points, or about 0.5%. The S&P 500 lost 0.9%, and the Nasdaq Composite lost nearly 1.5%. Stocks are likely to end the month and the year in the red, and investors' hopes for a Santa Claus rally are fading fast. "There's still no sign of Santa. "Harness up," said Louis Navellier, who started the growth investing firm Navellier & Associates. "One would like to think all the bad news is out. There are no more Fed moves until at least February. We're not getting worse, but we're also not making up for last week's losses." Investors worried that the Federal Reserve could tip the economy into a

Sensex, Nifty, and Share Prices Today LIVE: Bulls end a two-day losing streak as NSE Nifty and BSE Sensex rise. Sensex soars 460 points, Bank Nifty rises 0.45%, and Nifty finishes above 18400; M&M wins. The Nifty rose 150 points to 18,420 despite a flat beginning. Sensex gained 0.76 percent at 61,806. The Nifty Junior or Next 50 rose nearly 1% as intraday markets turned green. Nifty Auto gained 1.59% today and led the industry. KFin Technologies' IPO launched today with a price range of Rs. 347-366 per share. 18,888 is Nifty's biggest hurdle "Wall Street was positive due to short covering and value buying. All sectoral indexes except IT ended in the green, with auto and FMCG reporting the most gains. . net/YwotbKdP4sVunJGfdhmgww/e8f260a6-84bf-4222-a093-e1ef14e44c00/ The 21 December RBI MPC minutes will be widely monitored. In the following months, the market will be looking for signals concerning inflation and the RBI's policy. Continue to look up "December ma

The European Union, the G7, and Australia agreed a few days before December 5 to cap the price of Russian oil shipped by sea at $60 per barrel. This was the start of a new phase in the economic war between Russia and the West. The price cap may be one of the most important responses to Russia's use of its energy reserves as weapons since the start of its full-scale invasion of Ukraine, but most people don't understand what it means or what it hopes to accomplish. Many people seem to think that the price cap is a way to stop Russian crude exports, but that is not at all the case. On the contrary, it wants to make sure that they keep flowing even though regulations and sanctions are getting tighter and tighter, but not to Western markets. Since February, China, India, and many other third countries have been buying large amounts of crude oil from Russia at very low prices. They can still do this. The goal of the cap is not to stop these purchases, but to limit Russia's profit

Ukrainian soldiers, according to the governor-in-exile of Luhansk in eastern Ukraine, have attacked the headquarters of the Russian Wagner mercenary outfit. Serhiy Haidai reported considerable damage to the hotel where the group had convened in Kadiivka, Luhansk. Unfortunately, the BBC was unable to confirm Wagner's presence at the hotel independently. There was also heavy fighting in southern Ukraine over the weekend, with Russian forces attacking the city of Odesa and Ukrainian forces bombing a target in the captured city of Melitopol. Western experts have concluded that Wagner are state-sponsored mercenaries working to advance the interests of the Kremlin. Yevgeny Prigozhin, a former restaurateur and close associate of Russian President Vladimir Putin, established the private military business that has been repeatedly accused of war crimes and human rights abuses. Wagner forces have been sent to Crimea, Syria, Libya, Mali, and the Central African Republic before. Mr. Haidai said