Stablecoin X Assets Inc. and TLGY Acquisition Corp. ( TLGYF ) have announced they secured $530 million in new private investment in public equity (PIPE) financing, expanding their war chest to $890 million. The raise comes as the firms prepare to merge and list on the Nasdaq under the StablecoinX name under the ticker “USDE.” The funds will support a...

LONDON/MOSCOW (Reuters) -Eight OPEC+ countries will likely raise oil output on Sunday but probably add less oil from October than in recent months as global demand might be slowing with the end of the driving season, OPEC+ sources said on Saturday. OPEC+ has reversed its strategy of output cuts from April and has already raised quotas by about 2.5 million...

BAGHDAD, Sept 6 (Reuters) - Iraq's state oil company SOMO is in advanced talks with ExxonMobil ( XOM ) over a possible agreement to secure storage capacity in Singapore using tanks owned by the U.S. oil major, the Iraqi state news agency INA said on Saturday. Negotiations also include possible refining capacity deals and profit-sharing arrangements in Asia, where demand...

(Reuters) -Swedbank on Saturday said that the U.S. Securities and Exchange Commission (SEC) has closed its investigation into the bank without enforcement. The investigation was initiated in 2019 and concerned Swedbank's historic disclosures of information, the company said. In 2019, Swedbank admitted to failings in combating money laundering and said it was under investigation by multiple U.S. authorities. The bank...