Search results for Cayman Islands
Finance
Foreigners net sell 43.5 trillion won in stocks in March, withdraw 10.9 trillion won from bonds
Foreign investors withdrew large sums from both South Korea\'s stock and bond markets in March, the Financial Supervisory Service said. They net sold 43.5 trillion won of listed stocks and made a net withdrawal of 10.9 trillion won from listed bonds, bringing the total to 54.4 trillion won. Foreign holdings at end-March totalled 1,900 trillion won in listed securities, including 1,576.2 trillion won in stocks and 323.8 trillion won in bonds.
Crypto
Over 2 trillion won left Binance for Iran; staff who found it were fired
More than 2 trillion won in funds were later confirmed to have flowed from Binance to Iran, the New York Times reported. It said Iranians accessed about 1,500 Binance accounts over the past year and $1.7 billion went to Iranian entities linked to terrorist groups. The flow was found by an internal investigative team and reported to executives, but Binance later fired or suspended at least four staff involved, the report said.
Mobility
Self-driving lidar maker Luminar headed for breakup as assets go to new owners
A late-stage bidding scramble erupted over the sale of key businesses at U.S. automotive lidar specialist Luminar, which is in bankruptcy proceedings. An unidentified bidder submitted a $33 million offer just before a hearing, but Luminar selected MicroVision\'s $33 million bid as the winning offer and the court approved it. Luminar\'s lidar business will go to MicroVision and its semiconductor unit will be sold to Quantum Computing Inc. The deals are expected to close within weeks.
