The bankrupt FTX group of cryptocurrency companies extended the deadlines to bid for its Japan and Europe businesses as administrators strive to raise funds to help pay back creditors, Bloomberg News reported. The preliminary bid deadline is now March 8 and the auction date becomes April 26, according to a court filing on Wednesday. Administrators in December put several FTX units on the auction block, including LedgerX, the Japanese and Singaporean crypto exchanges, and the European digital assets and derivatives business.

Cryptocurrency exchange Kraken has shut its Abu Dhabi office less than a year after securing a license in the region, a spokesperson said on Thursday, as the company seeks to sharpen its focus after FTX's bankruptcy shook the digital assets sector, Reuters reported. The U.S.-based company had said last year it would reduce its workforce by 30%, or about 1,100 employees, as rising rates and worries of an economic downturn soured the sentiment on crypto.

Canada’s economy geared down at the end of 2022, growing at about half the pace of the third quarter and setting the stage for a period of little to no growth, Bloomberg News reported. Preliminary data suggest gross domestic product was flat in December as increases in retail, utilities and the public sector were offset by decreases in the wholesale, finance and oil and gas industries, Statistics Canada reported Tuesday in Ottawa. That followed a 0.1% gain in November, which matched economist expectations in a Bloomberg survey, and a 0.1% increase in October.

Brazilian shopping chain Americanas SA yesterday filed for chapter 15 bankruptcy, a move that protects its U.S. assets while insolvency proceedings play out in its home country, Bloomberg News reported. The retailer nosedived in January after becoming mired in an accounting scandal. The firm, backed by billionaire Jorge Paulo Lemann, filed for bankruptcy at a court in Rio de Janeiro on Jan. 19. In disclosures to investors, the firm implied it misreported numbers connected to some of its financing and wrongly deducted interest paid to lenders from its liabilities.

Mexican same-store retail sales rose by 10.6% across 2022 compared to the previous year, as the highest inflation in over two decades sent prices soaring, Mexican retailers' association ANTAD said Wednesday, with sales expected to moderate in 2023, Reuters reported. In 2022, sales at the retail group's member stores totaled 1.43 trillion Mexican pesos ($76.08 billion). The retail group said in a statement that surging consumer prices were partly responsible for the sales growth last year, as top-line inflation reached 7.82% in December.

North America’s produce industry will be rocked by the bankruptcy of Lakeside Produce Inc., in Leamington, Ontario, FreshFruitPortal.com reported. The firm faces total claims of $187,889,241. Lakeside lists assets at $3,580,233. The bankruptcy was filed on Jan. 17. DRC – the Dispute Resolution Corporation - in Ottawa, on Jan. 24 shared with FreshFruitPortal.com its public records on this stunning development. There are exactly 300 creditors listed in the official papers.

The Bank of Canada raised interest rates for an eighth consecutive and potentially final time, saying it expects to move to the sidelines and weigh the impact of its rapid tightening, Bloomberg News reported. Policymakers led by Governor Tiff Macklem increased the benchmark overnight lending rate by 25 basis points to 4.5% on Wednesday, the highest level in 15 years. Bonds rallied and the loonie dropped. While the quarter percentage point hike matched expectations of markets and economists, most analysts didn’t see the central bank explicitly declaring a potential end point.

Mexico's headline inflation accelerated and exceeded expectations in early January, data from the national statistics agency showed on Tuesday, marking the first monthly pickup since September as markets brace for fresh interest rate hikes ahead, Reuters reported. Annual headline inflation in the first half of the month reached 7.94%, beating both the 7.77% recorded in the month of December and economists' forecasts of 7.86%, though still below the two-decade high of 8.70% registered in August and September.

Canadian consumers remained resilient in December, even in the face of elevated inflation and rising interest rates, Bloomberg News reported. Receipts for retailers jumped 0.5% last month, according to an advance estimate released Friday by Statistics Canada. That follows a 0.1% drop in November, which was led by lower sales of food and beverages, as well as building material and garden supplies. The increase in December more than offsets the lower-than-expected losses in November and adds to a 1.3% gain in October, ending last year with relatively strong retail sales.

El Salvador’s Bitcoin-touting government is poised to deliver on a $604 million bond maturing this week, in a turn of events that leaves investors in distressed emerging-market debt with only one more big maturity to worry about this year, Bloomberg News reported. The Central American nation is widely expected to repay creditors on Tuesday after receiving a last-minute loan and undertaking two bond buybacks. The maturing note, which now hovers at about a penny below par, has soared by a whopping 34 cents from an all-time low in July.