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Updated: 50 min 50 sec ago

Bitcoin slumps to $10,000, half its peak price, as regulatory fears grow

Wed, 01/17/2018 - 7:53am
LONDON/TOKYO (Reuters) - Bitcoin skidded a further 12 percent on Wednesday, marking an almost halving in value from its peak price, with investors spooked by fears regulators could clamp down on the volatile cryptocurrency that skyrocketed last year.

Futures higher as investors weigh bank earnings

Wed, 01/17/2018 - 7:41am
(Reuters) - U.S. stock futures pointed to a higher open for Wall Street on Wednesday as investors assessed earnings of Bank of America and U.S. Bancorp.

World shares pull back from record highs, set for second fall of 2018

Wed, 01/17/2018 - 7:30am
LONDON (Reuters) - World shares pulled back from record highs on Wednesday, set for only their second day of losses in 2018 as lower commodity prices and a string of downbeat updates from companies dampened the mood in global markets.

Bank of America profit slumps on $2.9 billion tax charge

Wed, 01/17/2018 - 7:20am
(Reuters) - Bank of America Corp's fourth-quarter profit nearly halved as it booked a $2.9 billion charge stemming from the new federal tax law.

U.S. charges Barclays forex trader with fraud

Wed, 01/17/2018 - 6:57am
LONDON (Reuters) - The U.S. Department of Justice (DoJ) has charged a Barclays foreign exchange trader over his alleged role in a scheme to defraud a client of the bank, the DoJ said.

Bitcoin jolted by regulation worries, tumbles 11 percent on extended sell-off

Wed, 01/17/2018 - 6:42am
TOKYO/LONDON (Reuters) - Bitcoin skidded more than 11 percent on Wednesday, extending a precipitous downturn in fortunes with investors spooked by fears regulators might clamp down on an asset whose value has skyrocketed in the past year.

Exclusive: J&J attracts Chinese interest for diabetes business in potential $3-4 billion deal - sources

Wed, 01/17/2018 - 6:09am
HONG KONG (Reuters) - Chinese bidders are circling a diabetes care business owned by the world's largest healthcare company Johnson & Johnson in a deal that could fetch up to $4 billion, five people with direct knowledge told Reuters.

Britain needs to give companies more time to save Carillion-linked jobs: union

Wed, 01/17/2018 - 5:28am
LONDON (Reuters) - The British government needs to allow more time for firms to take on workers whose jobs are threatened by the collapse of outsourcer Carillion , the head of one of Britain's biggest trade unions said on Wednesday.

GE appoints new CEO for Europe

Wed, 01/17/2018 - 5:09am
(Reuters) - Industrial conglomerate General Electric has appointed Peter Stracar chief executive and president of its European region, the company said in a statement.

Stocks pull back from record highs, set for second day of losses in new year

Wed, 01/17/2018 - 5:03am
LONDON (Reuters) - World shares pulled back from record highs on Wednesday, set for only their second day of losses in the new year as lower commodity prices and a string of downbeat updates from companies dampened the mood in global markets.

U.S. charges former Barclays forex trader with fraud

Wed, 01/17/2018 - 4:07am
LONDON (Reuters) - The U.S. Department of Justice (DoJ) has charged a former Barclays foreign exchange trader over his alleged role in a scheme to defraud a client of the bank, the DoJ said.

Asian shares retreat as commodities ease, bitcoin pummeled

Wed, 01/17/2018 - 2:25am
TOKYO (Reuters) - Asian equities stepped back from a record high on Wednesday as the region's resource shares were knocked by falling oil and commodity prices while digital currencies tumbled on worries about tighter regulations.

China luxury sales rebound as millennials snap up cosmetics, handbags: report

Wed, 01/17/2018 - 1:02am
SHANGHAI (Reuters) - China's luxury goods market is back in fashion.

Big U.S. lenders reap benefits of higher rates, but savers not so much

Wed, 01/17/2018 - 12:12am
NEW YORK (Reuters) - The U.S. Federal Reserve began steadily raising interest rates one year ago, offering a long-awaited tailwind for bank earnings because lenders can charge borrowers more for loans.

Bitcoin jolted by regulation worries, falls 7 percent on extended selloff

Wed, 01/17/2018 - 12:10am
TOKYO/SINGAPORE (Reuters) - Bitcoin extended its sharp tumble of the past 24 hours, skidding more than seven percent on Wednesday in a rapid downturn in fortunes as investors were spooked by fears regulators might clamp down on an asset whose value has skyrocketed in the past year.

Exclusive: GM, DHL use a Chinese plant to lead manufacturing change

Tue, 01/16/2018 - 11:19pm
LIUZHOU, China,  (Reuters) - Inside General Motors Co's vehicle assembly plant in this southern China city, many workers wear the red-and-yellow uniforms of DHL, the logistics company.

Bitcoin falls more than 7 percent as regulation worries mount

Tue, 01/16/2018 - 11:03pm
TOKYO (Reuters) - The price of bitcoin extended its sharp tumble of the past 24 hours, dropping more than seven percent on the Bitstamp exchange on Wednesday, spooked by worries regulators may try to clamp down on the highly-volatile trading in the digital currency.

Japan central bank to keep policy on hold, offer upbeat inflation view

Tue, 01/16/2018 - 10:22pm
TOKYO (Reuters) - Japan's central bank is set to maintain upbeat price forecasts next week and paint a slightly better picture of the economy than it did three months ago, signaling its conviction the country is making slow but steady progress in eradicating deflation.

Top Walmart executive to be appointed International CEO: source

Tue, 01/16/2018 - 9:08pm
(Reuters) - Wal-Mart Stores Inc Chief Operating Officer Judith McKenna will take up the role of chief executive of its international unit, according to a source with knowledge of the matter.

Miramax bid for Weinstein Co. complicates sale process: LA Times

Tue, 01/16/2018 - 8:35pm
(Reuters) - An attempt by Qatar-owned film company Miramax to buy Weinstein Co. has complicated plans to sell the studio to a group of investors led by former Obama administration official Maria Contreras-Sweet, the Los Angeles Times reported on Tuesday, citing people familiar with the matter.

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