By Manya Saini (Reuters) - Investment in Canada's financial technology sector was reduced to less than half in the first six months of 2023 from last year, according to a report from accounting firm KPMG on Thursday. Startup valuations across the technology spectrum have been hit as high-interest rates and worries over a looming economic slowdown sour investor appetite, leading to a shift towards safer investments with greater focus on profitability and away from cash-burning firms. From...

By Manya Saini, Anirban Sen and John McCrank (Reuters) -Nasdaq on Monday agreed to buy Thoma Bravo-owned software firm Adenza for $10.5 billion, with the exchange operator's biggest-ever deal broadening its financial technology footprint but giving shareholders a case of sticker shock. Adenza's risk management and regulatory software is primarily used by banks and brokerages and will help Nasdaq diversify further beyond its roots as an exchange operator, building on a spate of fintech deals...

(Updates shares, adds context and analyst comment) By Manya Saini and Tatiana Bautzer April 19 (Reuters) - Morgan Stanley's profit beat expectations as wealth management revenue climbed in the first quarter, offsetting slumps in investment banking and trading revenue. The bank earned $1.70 per share, beating analysts' average estimate of $1.62 per share, according to Refinitiv data. Its stock edged 0.5% higher to $90.34 in afternoon trading. The Wall Street powerhouse set aside $234 million...

By Manya Saini (Reuters) - Hindenburg Research on Thursday disclosed short positions in Block Inc and alleged that the payments firm led by Twitter co-founder Jack Dorsey overstated its user numbers and understated its customer acquisition costs. Block vowed to fight back, saying it would explore legal action against the short seller for its "factually inaccurate and misleading report" that was "designed to deceive and confuse investors". "Hindenburg is known for these types of attacks, which...

By Manya Saini (Reuters) -Coinbase Global Inc reported a fourth-quarter loss on Tuesday, as trading volume at the cryptocurrency exchange came under pressure from an industry-wide downturn triggered by a string of high-profile bankruptcies. The digital assets market suffered from dour sentiment over the last year, but the biggest blow to the sector came from the bankruptcy of Sam Bankman-Fried's major crypto exchange FTX in November. "In the wake of FTX and other crypto company failures, we...