China asks banks to pause new loans to US-sanctioned refiners, Bloomberg News reports

May 6 (Reuters) – China’s financial regulator has advised the country’s largest banks to temporarily halt new loans to five refineries recently hit by U.S. sanctions over ties to Iranian oil, Bloomberg reported on Wednesday, citing people familiar with the matter. Reuters could not immediately verify the report. The National Financial Regulatory Authority (NFRA) has…

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Takeaways from investigation showing Georgia officials knew carpet mills polluted local water

CALHOUN, Ga. (AP) — Starting in the 1970s, textile mills in northwest Georgia relied on PFAS chemicals to make the carpets they produced more stain-resistant. Some of the chemicals that didn’t stick were flushed into local sewer lines and eventually into the area’s rivers, along with billions of dollars’ worth of industrial wastewater. Decades later,…

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From ‘what’ to ‘how’: Robinhood and Bitstamp say banks are ready to build on-chain

Executives at Ondo Finance, Robinhood-owned Bitstamp and Babylon Labs say Wall Street’s long-anticipated migration into cryptocurrency is no longer a theory. However, institutional adoption remains slower and more fragmented than many in the industry once expected. Executives describe the financial industry’s growing adoption of blockchain rails, tokenized securities and crypto-native income products in “Are the…

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