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After bitcoin’s wild week, traders brace for futures launch

December 10, 2017 by  
Filed under News

NEW YORK (Reuters) – The newest way to bet on bitcoin will arrive on Sunday, when futures of the cryptocurrency that has taken Wall Street by a storm begin trading.


Source: Reuters Business News

Thyssenkrupp makes offer to workers for Tata Steel deal: sources

December 10, 2017 by  
Filed under News

BERLIN (Reuters) – Thyssenkrupp has offered workers commitments on jobs and investments to get union backing for its deal with Tata Steel to merge their European steel operations, several people close to labor union IG Metall said.


Source: Reuters Business News

Bangladesh minister says wants to 'wipe out' Manila bank for heist role

December 10, 2017 by  
Filed under News

DHAKA (Reuters) – Bangladesh’s finance minister said late on Saturday he wanted to “wipe out” a Philippines bank that was used to channel $81 million stolen from the Bangladeshi central bank’s account with the Federal Reserve Bank of New York last year.


Source: Reuters Business News

South Korea's Hyundai says faces headwinds from weaker yen next year

December 9, 2017 by  
Filed under News

SEOUL (Reuters) – South Korean automakers face a major headwind from a weakening Japanese yen, which will boost rivals like Toyota Motor Corp. next year, a Hyundai Motor think tank said.


Source: Reuters Business News

VW executive convicted in U.S. may seek transfer to Germany: Welt am Sonntag

December 9, 2017 by  
Filed under News

BERLIN (Reuters) – Volkswagen executive Oliver Schmidt, convicted in the United States this week for his role in the German carmaker’s emissions scandal, may ask to serve his prison sentence in Germany, German weekly Welt am Sonntag reported, citing sources close to Schmidt.


Source: Reuters Business News

Bitcoin drops after dramatic gains ahead of futures launch

December 9, 2017 by  
Filed under News

LONDON/NEW YORK (Reuters) – Bitcoin lost almost a fifth of its value in 10 hours on Friday, having surged more than 40 percent in the preceding 48 hours, sparking fears the market may be heading for a price collapse.


Source: Reuters Business News

Apple in talks to acquire music identification app Shazam: source

December 8, 2017 by  
Filed under News

SAN FRANCISCO (Reuters) – Apple Inc is in talks to acquire Shazam Entertainment Ltd, whose software helps users identify songs by pointing their phone at an audio source, according to a person familiar with the situation.


Source: Reuters Business News

Tax-loss selling to pressure 2017's losers in December

December 8, 2017 by  
Filed under News

NEW YORK (Reuters) – Stocks that have been lackluster so far in 2017 are unlikely to see their fortunes reversed in the final month of the year, as investors engage in tax-harvesting practices before the new year.


Source: Reuters Business News

PepsiCo to move to Nasdaq after nearly a century with NYSE

December 8, 2017 by  
Filed under News

(Reuters) – PepsiCo Inc is moving its listing to the Nasdaq, ending a century-long association with the New York Stock Exchange.


Source: Reuters Business News

Bitcoin tumbles after dramatic gains ahead of futures launch

December 8, 2017 by  
Filed under News

LONDON/NEW YORK (Reuters) – Bitcoin lost almost a fifth of its value in 10 hours on Friday, having surged more than 40 percent in the preceding 48 hours, sparking fears the market may be heading for a price collapse.


Source: Reuters Business News

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