News Trends, News Analysis, News Archive.



Bitcoin to start futures trading, stoking Wild West worries

businessNews reuters.com

NEW YORK (Reuters) - Bitcoin fans are salivating over the potential of long-awaited legitimacy for the cyptocurrency when futures trading launches this weekend, but experts worry the risks associated with bitcoin's Wild West-like nature could overshadow the debut. [Source]

Related Articles

businessNews reuters.com

Oil up on U.S. crude stocks draw, Forties outage supports

LONDON (Reuters) - Oil prices rose on Wednesday as industry data showed a larger-than-expected drawdown in U.S. crude stockpiles, while expectations for an extended shutdown of a major North Sea crude pipeline also continued to bolster markets.

companyNews reuters.com

BRIEF-Gain Capital Launches AI-Enhanced Trading App, Getgo

* SAYS ‍LAUNCHED GETGO, A FINANCIAL TRADING APP​ Source text for Eikon: Further company coverage:

businessNews reuters.com

Westfield $16 billion Unibail-Rodamco sale rings the bell on retail's next chapter

SYDNEY/MELBOURNE (Reuters) - For investors in Australia's Westfield Corp , its $16 billion sale to European property giant Unibail-Rodamco may mark a turning point for a mall industry under pressure to reinvent itself amid fierce online competition.

businessNews reuters.com

Trump to make final tax push as Republican negotiators near deal

WASHINGTON (Reuters) - U.S. President Donald Trump will make a final push on Wednesday to shepherd a Republican tax overhaul over the finish line, hosting congressional negotiators for lunch before delivering a speech in which he will make his closing arguments for the legislation.

businessNews reuters.com

VW bank expects profit rise in 2017 despite diesel scandal

FRANKFURT (Reuters) - The financial arm of German carmaker Volkswagen said on Wednesday that it expects a rise in operating profit in 2017, despite a diesel scandal that has rocked the industry.

businessNews reuters.com

Shares eye record high as Fed heads for hat-trick

LONDON (Reuters) - Global shares were within a whisker of another record high on Wednesday as markets traded on expectations of a third U.S. interest rate hike of the year, and waited to hear from the Federal Reserve how many more are likely in 2018.

companyNews reuters.com

UPDATE 1-Deutsche Boerse Xetra trading platform functioning again - website

* Exchange operator reported brief disruption before market open

companyNews reuters.com

UPDATE 2-European stock, bond futures open on Eurex after delay

LONDON, Dec 13 (Reuters) - The start of trading in government bond and stock market futures on the derivatives and futures exchange Eurex was delayed by around 50 minutes on Wednesday after the platform suffered "serious issues".

businessNews reuters.com

Asian shares up, dollar dips as Republicans lose Alabama Senate race

TOKYO (Reuters) - U.S. stock futures, Treasury yields and the dollar dipped on Wednesday as Democrat Doug Jones beat Republican Roy Moore in a bitter U.S. Senate race in Alabama, while Asian shares gained as crude oil futures took back some lost ground.

businessNews reuters.com

With rate hike in the bag, Fed may hint at Trump effect on economy

WASHINGTON (Reuters) - The Federal Reserve is widely expected to raise interest rates on Wednesday, but, more significantly, it may give its strongest hint yet on how the Trump administration's tax overhaul could affect the U.S. economy.

companyNews reuters.com

Behind bitcoin boom, Japanese retail investors pile in

* Japanese traders said to account for up to half of bitcoin trade

businessNews reuters.com

Manhattan luxury condo sales skew apartment prices: survey

NEW YORK (Reuters) - A boom in newly built luxury apartments in Manhattan has skewed prices for the overall residential real estate market in the borough and masked a sharp drop in transaction volume over the past five years, a property report on Wednesday showed.

businessNews reuters.com

Oil prices recover on big U.S. crude stock drawdown, pipeline shutdown supports

TOKYO (Reuters) - Oil prices rose on Wednesday as industry data showed a larger-than-expected drawdown in U.S. crude stockpiles, while expectations for an extended shutdown of a major North Sea crude pipeline also continued to bolster markets.

businessNews reuters.com

Asian shares up, dollar dips as Democrat wins Alabama Senate race

TOKYO (Reuters) - U.S. stock futures, Treasury yields and the dollar fell on Wednesday as Democrat Doug Jones beat Republican Roy Moore in a bitter U.S. Senate race in Alabama, while Asian shares edged up as crude oil futures took back lost ground.

companyNews reuters.com

S&P futures extend losses as Democrat tipped to win Alabama race

TOKYO, Dec 13 (Reuters) - U.S. S&P futures extended earlier losses on Wednesday, as Democrat Doug Jones took a slight lead over Republican Roy Moore with about 86 percent of the vote counted in a bitter U.S. Senate race in Alabama.

businessNews reuters.com

Oil recovers on big U.S. crude stock drawdown

TOKYO (Reuters) - Oil prices rose in early Asian trade on Wednesday as industry data showed a larger-than-expected drawdown in U.S. crude stockpiles.

cnn.com

Mom and son scramble 5 times to stay out of California wildfire's path

Emily Vedder's heartbreaking and heartwarming story of evacuation from the Thomas Fire has shadowed the path of the devilish inferno.

businessNews reuters.com

Asian shares flat, Fed hike expectations underpin dollar

TOKYO (Reuters) - Asian shares were treading water in early trade on Wednesday as crude oil futures steadied after a selloff, while a widely expected interest rate hike from the Federal Reserve underpinned the dollar.

businessNews reuters.com

Uber picks new head for Indonesia business

JAKARTA (Reuters) - Uber Technologies Inc unveiled on Wednesday a new head of its Indonesian operations in a market where the online taxi company faces cutthroat competition, regulatory uncertainty and a reported U.S. probe into whether it broke bribery laws.

sportsNews reuters.com

Azarenka given wildcard for Australian Open

MELBOURNE (Reuters) - Twice champion Victoria Azarenka has been given a wildcard for next month's Australian Open, organizers said on Wednesday.

cnn.com

Looking to sell bitcoin? It's complicated

businessNews reuters.com

Oil settles lower after rally on pipeline outage; Brent premium narrows

HOUSTON (Reuters) - Oil prices fell sharply on Tuesday, as traders took profits after prices surged early to a two-year high on an unplanned closure of the pipeline that carries the largest North Sea crude oil grade.

environmentNews reuters.com

Firefighters wrestle to control massive California wildfire

CARPINTERIA, Calif. (Reuters) - A massive California wildfire that has already destroyed nearly 700 homes in its path of destruction crept closer to the upscale hillside community of Montecito on Tuesday despite calmer winds that slowed its progress.

Bitcoin (Currency) nytimes.com

The Shift: I Was Wrong About Bitcoin. Here’s Why.

Our columnist predicted in 2013 that Bitcoin, then a new digital currency, would soon die. He points to five assumptions he got wrong.

technologyNews reuters.com

Bitcoin euphoria puts other retail bets in shade

(Reuters) - If you wondered why 18-year old twitterati and seasoned speculative traders alike have bet on bitcoin's surge toward $20,000 this week, look no further than the comparison with the past year's new stock exchange floatations.

businessNews reuters.com

Bitcoin hits another record high in march toward $20,000

NEW YORK (Reuters) - Virtual currency bitcoin hit another all-time peak on Tuesday, two days after the launch of the first ever bitcoin futures on a U.S. exchange and ahead of the start of another futures contract next week, as investors grew optimistic that the $20,000-mark is within reach.

businessNews reuters.com

S&P, Dow rise with help from banks, Nasdaq lags

(Reuters) - Wall Street stocks were higher on Tuesday afternoon with the biggest boost from the financial sectors as investors bet on strong economic growth a day ahead of the U.S. Federal Reserve's widely-expected hike in interest rates.

businessNews reuters.com

Oil drops after rally on pipeline outage; Brent premium narrows

HOUSTON (Reuters) - Oil prices fell sharply on Tuesday, as traders took profits after prices surged early to a two-year high on an unplanned closure of the pipeline that carries the largest North Sea crude oil grade.

businessNews reuters.com

Trump administration holds talks with airlines, keeps pressure on Gulf carriers

WASHINGTON (Reuters) - The Trump administration met with major airlines on Tuesday to discuss complaints that some Gulf states are unfairly subsidizing state-owned carriers, keeping up pressure on the Middle East airlines at the center of a spat with U.S. rivals.

businessNews reuters.com

Airbus CEO Enders will not seek a third mandate: Figaro

PARIS (Reuters) - Tom Enders has told the French Presidency he will not seek a third mandate as chief executive of European planemaker Airbus , Le Figaro daily reports on its website.

companyNews reuters.com

GRAPHIC-Bitcoin euphoria puts other retail bets in shade

Dec 12 (Reuters) - If you wondered why 18-year old twitterati and seasoned speculative traders alike have bet on bitcoin's surge towards $20,000 this week, look no further than the comparison with the past year's new stock exchange floatations.

businessNews reuters.com

Tezos director resigns, sowing more uncertainty at crypto startup

LONDON/ZURICH (Reuters) - One of the three board members of the Swiss foundation that conducted the online fundraiser for the embattled Tezos cryptocurrency tech project has resigned, Reuters has learned.

businessNews reuters.com

Twitter to let users make tweet threads more easily

(Reuters) - Twitter said on Tuesday it would add a pair of buttons that will allow users to more easily see and add new tweets to existing ones on the same topic.

businessNews reuters.com

S&P, Dow at record levels as Boeing, bank stocks gain

(Reuters) - The S&P and the Dow hit record levels in early afternoon trading on Tuesday as Boeing rose and bank stocks gained ahead of a near certain move by the Federal Reserve to raise interest rate.

companyNews reuters.com

UPDATE 2-M&A "boom" dominates Europe share trading as oil leads gains

* Disappointing pipeline update weighs on Genmab (Adds details, closing prices)

businessNews reuters.com

EU sends stark warning to airlines on post-Brexit flying

BRUSSELS (Reuters) - British airlines will lose all flying rights to the European Union if there is no transition agreement after Brexit, the EU executive said on Tuesday, a stark reminder of the risks facing the aviation sector if there is no deal.

Wildfires nytimes.com

Nonfiction: Are the American West’s Wildfires Inevitable?

Michael Kodas’s “Megafire” and Edward Struzik’s “Firestorm” analyse the misguided history and dire results of America’s wildfire management policy.

businessNews reuters.com

U.S., European stock markets climb ahead of Fed meeting; oil hits peak

NEW YORK (Reuters) - Major U.S. and European stock indexes advanced on Tuesday, ahead of a meeting of U.S. Federal Reserve policymakers, while oil prices reached $65 per barrel earlier in the day for the first time since mid-2015.

businessNews reuters.com

VW's truckmaker Scania appeals 880 million euro fine for price fixing

STOCKHOLM (Reuters) - Swedish truckmaker Scania said on Tuesday it had filed an appeal against a decision by the European Commission to fine it 880 million euros ($1 billion) for taking part in a price fixing cartel.

businessNews reuters.com

Boeing, bank stocks lift Dow, S&P; techs drag on Nasdaq

(Reuters) - The S&P 500 and the Dow advanced in late morning trade on Tuesday as Boeing's shares hit a record and bank stocks rose ahead of a near certain move by the Federal Reserve to raise interest rate.

environmentNews reuters.com

Firefighters wrestle to control California wildfire as winds persist

VENTURA, Calif. (Reuters) - Firefighters on Tuesday fought to take further control of a massive California wildfire, the fifth largest in the state's history, as relentless wind gusts and bone-dry weather were expected to persist throughout the week.

businessNews reuters.com

Europe's Unibail bids $16 billion for Westfield to counter online threat

SYDNEY/MELBOURNE/PARIS (Reuters) - Europe's biggest property firm Unibail-Rodamco is to buy U.S. and UK mall operator Westfield Corp for $16 billion, a defensive move to create a global leader in a sector grappling with the online shopping challenge led by Amazon .

businessNews reuters.com

Boeing, bank stocks lift Dow, techs weigh on S&P, Nasdaq

(Reuters) - The Dow Jones Industrial Average edged higher on Tuesday, with a 3 percent jump in shares of Boeing and rise in financial stocks, while losses in technology stocks weighed on the S&P 500 and the Nasdaq.

businessNews reuters.com

Xerox 'desperately' needs new leadership, Icahn says

(Reuters) - Activist investor Carl Icahn said on Tuesday Xerox Corp "desperately" needed new leadership, arguing that the printer manufacturer was slow to launch new products and grow revenue.

businessNews reuters.com

Dow opens higher; Fed's rate hike in focus

(Reuters) - The Dow Jones Industrial Average opened higher as energy stocks gained and shares of Boeing touched a record high, while the S&P and the Nasdaq opened flat ahead of the Federal Reserve's policy meeting.

environmentNews reuters.com

Firefighters look to gain on California wildfire as winds persist

VENTURA, Calif. (Reuters) - Firefighters on Tuesday hoped to take further control of a massive California wildfire, the fifth largest in the state's history, as relentless wind gusts and bone-dry weather were expected to persist.

businessNews reuters.com

Oil hits two-year-and-a-half year high on pipeline shutdown, stocks take breather

LONDON (Reuters) - Oil prices jumped to their highest in more than two years on Tuesday after the shutdown of a North Sea pipeline knocked out significant supply from an already tightening market.

businessNews reuters.com

European property giant makes $16 billion bet on U.S. shopping malls

SYDNEY/MELBOURNE (Reuters) - Unibail-Rodamco, Europe's biggest property group, has agreed to buy shopping mall owner Westfield Corp for $16 billion, marking the biggest takeover of an Australian company and a shift in global retail property to counter online shopping.

businessNews reuters.com

German watchdog recalls VW Touaregs over defeat devices

HAMBURG/BERLIN (Reuters) - Germany's KBA automotive watchdog on Tuesday announced a recall of Volkswagen's flagship European sport-utility vehicles (SUV) with 3-litre diesel engines after detecting two illicit emissions control devices in the models.

businessNews reuters.com

Futures flat with all eyes on Fed meet; Brent tops $65

(Reuters) - U.S. stocks were set to open flat on Tuesday ahead of a two-day meeting of the Federal Reserve that is widely expected to bump up the benchmark interest rate for the third time in a year as it continues to unwind its post-crisis stimulus.

businessNews reuters.com

German watchdog orders recall of 57,600 VW Touareg SUVs

HAMBURG (Reuters) - Germany's KBA automotive watchdog said it has ordered Volkswagen to recall 57,600 diesel models of its Touareg sport-utility vehicle (SUV) after detecting two illicit emission-control devices in tests.

businessNews reuters.com

PepsiCo makes biggest public pre-order of Tesla Semis: 100 trucks

SEATTLE (Reuters) - PepsiCo Inc has reserved 100 of Tesla Inc's new electric Semi trucks, the largest-known order of the big rig, as the maker of Mountain Dew soda and Doritos chips seeks to reduce fuel costs and fleet emissions, a company executive said on Tuesday.

businessNews reuters.com

Trump's push to cut federal jobs has modest impact, mostly in defense

WASHINGTON (Reuters) - President Donald Trump's campaign to shrink the "bloated federal bureaucracy" so far has made a small dent in the federal workforce, and that largely because of a decline in civilian defense jobs.

businessNews reuters.com

Sanofi investors hungry for drug progress and deal news

PARIS (Reuters) - Sanofi still needs to convince markets it can deliver on an exciting and sustainable growth path as it contends with fresh difficulties in its vaccines arm and looks set for another gloomy year in diabetes, investors told Reuters.

businessNews reuters.com

German pilots union steps up pressure on Ryanair with strike call

BERLIN (Reuters) - German pilots' union Vereinigung Cockpit said strike action at Ryanair was possible in Germany, as of now, as staff join pilots in other countries in pushing for better conditions at the Irish budget carrier.

companyNews reuters.com

FX trading volumes rise in November - TR

LONDON, Dec 12 (Reuters) - Currency trading on Thomson Reuters platforms recovered slightly in November but remained well below a 2017 peak seen in September, the company said on Tuesday.

businessNews reuters.com

Oil hits two-and-a-half year high on pipeline shutdown, stocks take breather

LONDON (Reuters) - Oil prices jumped to their highest in more than two years on Tuesday after the shutdown of a North Sea pipeline knocked out significant supply from an already tightening market.

businessNews reuters.com

Europe's Unibail-Rodamco bids $16 billion for Westfield in global shift

SYDNEY/MELBOURNE (Reuters) - Unibail-Rodamco, Europe's biggest property group, has agreed to buy shopping mall owner Westfield Corp for $16 billion, marking the biggest takeover of an Australian company and a shift in global retail property to counter online shopping.

businessNews reuters.com

German pilots union calls for strikes at Ryanair in Germany

BERLIN (Reuters) - German pilots' union Vereinigung Cockpit said strike action at Ryanair was possible in Germany, as of now, as staff join pilots in other countries in pushing for better conditions at the Irish budget carrier.

businessNews reuters.com

Bitcoin exchange Bithumb says 'right' regulations in South Korea would boost market

SEOUL (Reuters) - The Seoul-based operator of the world's busiest virtual currency exchange Bithumb said on Tuesday it will fully comply with potential regulations from the South Korean government and adequately capitalize itself to protect its clients.

businessNews reuters.com

Oil prices jump on pipeline outage, stocks take breather

LONDON (Reuters) - Oil prices jumped on Tuesday after the shutdown of a North Sea pipeline knocked out significant supply from an already tightening market, while world stocks took a break from a three-day rally.

companyNews reuters.com

UPDATE 1-M&A dominates Europe share trading as oil leads gains

* Disappointing pipeline update weighs on Genmab (ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets)

cnn.com

North Korea may be making a fortune from bitcoin mania

Speculators aren't the only ones cheering the runaway bitcoin boom -- North Korean leader Kim Jong Un may also be celebrating a windfall.

environmentNews reuters.com

Firefighters look to gain on California wildfire as winds remain relentless

VENTURA, Calif. (Reuters) - Firefighters hope gain further control on Tuesday of a wildfire, the fifth-largest in California's history, as relentless wind gusts and bone-dry weather conditions are expected to persist.

businessNews reuters.com

Exclusive: South Africa's Steinhoff considers sale of PSG, KAP stakes to lift liquidity -sources

JOHANNESBURG/ FRANKFURT (Reuters) - South Africa's Steinhoff is considering selling stakes worth a combined $1.4 billion in local companies PSG Group and KAP Industrial to help plug a liquidity gap at the retailer, two sources familiar with the matter said.

businessNews reuters.com

Audi CEO drops plan to sell motorcycle brand Ducati

INGOLSTADT, Germany (Reuters) - Germany's Audi has abandoned plans to sell its Italian motorcycle brand Ducati, its chief executive Rupert Stadler said, in a sign of confidence that the carmaker expects to be able to carry the costs of its transformation.

cnn.com

California wildfires: 'It's still not great, but it's a better bad'

Thousands of firefighters are making headway against the vast Thomas Fire burning in Southern California, expressing hope that conditions are becoming more favorable.

companyNews reuters.com

M&A dominates Europe share trading; weak banks offset oil boost

LONDON, Dec 12 (Reuters) - Mergers and acquisitions dominated early European share trading on Tuesday, while strong oil and tech stocks were not enough to offset a decline in banks.

businessNews reuters.com

Bitcoin slips to around $16,300, futures volumes drop

SINGAPORE (Reuters) - Virtual currency bitcoin dipped slightly from the previous session's record highs on Tuesday, after a month of whirlwind and volatile gains leading up to the launch of bitcoin futures on the weekend.

businessNews reuters.com

France's AXA to step up investments in green projects to $11 billion by 2020

PARIS (Reuters) - French insurer AXA announced on Tuesday it would quadruple its investments in environmentally-friendly projects by 2020 to 9 billion euros ($10.60 billion) and disinvest further from the coal industry.

businessNews reuters.com

Brent crude oil jumps to mid-2015 high after North Sea pipeline outage

SINGAPORE (Reuters) - Brent oil prices jumped by 1 percent on Tuesday to their highest since mid-2015, after the shutdown of the Forties North Sea pipeline knocked out significant supply from a market already tightening due to OPEC-led production cuts.

businessNews reuters.com

France's Unibail-Rodamco bids $15.7 billion for Australia's Westfield

SYDNEY/MELBOURNE (Reuters) - France's Unibail-Rodamco has agreed to buy shopping mall owner Westfield Corp for $15.7 billion, in what would be the biggest takeover of an Australian company on record.

businessNews reuters.com

Singapore's electric car-sharing program hits the road

SINGAPORE (Reuters) - Singapore launched on Tuesday its first large-scale electric car-sharing program through which the land-scarce city-state hopes to provide commuters with more transport options and steer them away from the need to buy their own cars.

businessNews reuters.com

France's Unibail-Rodamco bids $24.7 billion for Australia's Westfield

SYDNEY/MELBOURNE (Reuters) - France's Unibail-Rodamco has agreed to buy shopping mall owner Westfield Corp for $24.7 billion including debt, in what would be the biggest takeover of an Australian company on record.

businessNews reuters.com

U.S. transit agencies cautious on electric buses despite bold forecasts

LOS ANGELES (Reuters) - Communities across the United States are looking to replace their dirty diesel buses, ushering in what some analysts predict will be a boom in electric fleets.

businessNews reuters.com

Asia shares take a time out, Brent breaks above $65

SYDNEY (Reuters) - Asian shares took a small step back on Tuesday after three straight sessions of gains, with markets consolidating in the hope an upswing in global growth could outlast a likely hike in U.S. borrowing costs this week.

environmentNews reuters.com

Firefighters hold back massive Southern California wildfire

VENTURA, Calif. (Reuters) - Firefighters, taking advantage of a lull in the winds, on Monday held in check a massive Southern California wildfire that has torched hundreds of buildings and charred an area larger than New York City.

businessNews reuters.com

Brent crude jumps above $65 for 1st time since 2015 after North Sea pipeline outage

SINGAPORE (Reuters) - Brent crude oil prices jumped above $65 per barrel for the first time since 2015 after the shutdown of the Forties North Sea pipeline knocked out significant supply from a market that was already tightening due to OPEC-led production cuts.

businessNews reuters.com

Asia shares take breather, Brent breaks above $65

SYDNEY (Reuters) - Asian shares took a breather on Tuesday after three straight sessions of gains, with markets consolidating in the hope an upswing in global growth could outlast a likely hike in U.S. borrowing costs this week.

businessNews reuters.com

Brent crude jumps above $65 for first time since 2015 after North Sea pipeline outage

SINGAPORE (Reuters) - Brent crude oil prices jumped above $65 per barrel for the first time since 2015 after the shutdown of the Forties North Sea pipeline knocked out significant supplies from a market that was already tightening due to OPEC-led production cuts.

businessNews reuters.com

Brent crude prices near 2015 high after North Sea pipeline disruption

SINGAPORE (Reuters) - Brent crude oil prices were near 2015 highs on Tuesday after the unplanned closure of a major North Sea pipeline for repairs, knocking out significant supplies from a market that was already tightening due to OPEC-led production cuts.

businessNews reuters.com

Exxon to provide details on climate-change impact to its business

(Reuters) - Exxon Mobil Corp on Monday said it would publish new details about how climate change could affect its business in a move aimed at appeasing critics and forestalling another proxy fight next year.

businessNews reuters.com

Asia wagers global cheer will outlive Fed tightening

SYDNEY (Reuters) - Asian shares were trying to string together a fourth session of gains on Tuesday as optimism about global growth looked set to outlast an almost certain hike in U.S. borrowing costs this week.

businessNews reuters.com

Uber fights ban on cash payments in Mexican state

MEXICO CITY (Reuters) - Uber Technologies Inc said on Monday that it had appealed regulations that have barred it from accepting cash fares in the Mexican state of Puebla, in a new challenge to clampdowns on the ride-hailing service in Latin America.

businessNews reuters.com

Atos offers to buy Gemalto for 4.3 billion euros to boost cyber security services

PARIS (Reuters) - French technology consulting firm Atos offered to buy Gemalto for 4.3 billion euros ($5.06 billion) on Monday to boost its cyber security services as states and big corporations seek to cope with a growing number of attacks on the Internet worldwide.

businessNews reuters.com

Comcast drops bid for Fox assets, leaving Disney in pole position

(Reuters) - Comcast Corp said on Monday it had abandoned its bid for most of the assets of Rupert Murdoch’s Twenty-First Century Fox Inc , leaving Walt Disney Co as the sole suitor in pursuit of the $40 billion-plus deal.

businessNews reuters.com

Cutting U.S. electric vehicle tax credit 'will have an impact': GM

DETROIT (Reuters) - If Congress eliminates an electric vehicle tax credit it "will have an impact" on sales of U.S. electric vehicles such as General Motors Co's Chevrolet Bolt, GM Chief Executive Mary Barra said on Monday.

businessNews reuters.com

Boeing lifts dividend by 20 percent, sets new $18 billion share buyback

(Reuters) - Boeing Co said on Monday it would raise its quarterly dividend by 20 percent and replace its existing share repurchase program with a new $18 billion authorization.

businessNews reuters.com

Bitcoin futures suggest breakneck rise in price to slow

By Saqib Iqbal Ahmed, Jemima Kelly and Gertrude Chavez-Dreyfuss

businessNews reuters.com

Wall Street ends higher with help from tech, energy

NEW YORK (Reuters) - Wall Street indexes closed higher on Monday and the biggest drivers were technology and energy sectors as oil prices rose and investors waited for an expected U.S. Federal Reserve rate hike later in the week.

businessNews reuters.com

Wall Street rises with help from technology, energy sectors

NEW YORK (Reuters) - Wall Street indexes were higher on Monday with boosts from technology and energy sectors as oil prices rose while investors prepared for an expected U.S. Federal Reserve rate hike later in the week.

technologyNews reuters.com

'More to come' after bitcoin futures launch: Cboe CEO

NEW YORK (Reuters) - The generally smooth launch of bitcoin futures on Cboe Global Markets could pave the way for other cryptocurrency-related products like options and ETFs, the head of the exchange operator said in an interview on Monday.

environmentNews reuters.com

California wildfire rages, threatens communities

VENTURA, Calif. (Reuters) - Crews battling a massive wind-driven California wildfire that has torched nearly 1,000 buildings and charred an area larger than New York City on Monday struggled to protect communities menaced by flames along the state's scenic coastline.

businessNews reuters.com

New bitcoin futures suggest breakneck price gains to slow

By Saqib Iqbal Ahmed, Jemima Kelly and Gertrude Chavez-Dreyfuss

companyNews reuters.com

UPDATE 7-New bitcoin futures suggest breakneck price gains to slow

* Futures indicate less heady growth to come (Adds comments, updates prices)

businessNews reuters.com

Zurich Insurance to buy ANZ's life insurance businesses for $2.14 billion

ZURICH (Reuters) - Zurich Insurance has agreed to buy ANZ's OnePath Life insurance businesses for 2.85 billion Australian dollars ($2.14 billion), the latest and largest foray by the Swiss company into the Australian market.

PersonalFinance reuters.com

U.S. fund firms make new push for bitcoin ETFs as futures debut

(Reuters) - Fund managers are racing to launch exchange-traded funds (ETFs) based on bitcoin after futures contracts based on the high-flying digital currency began trading on Sunday.

businessNews reuters.com

Hackers hit U.S., Russian banks in ATM robbery scam: report

FRANKFURT (Reuters) - A previously undetected group of Russian-language hackers silently stole nearly $10 million from at least 18 mostly U.S. and Russian banks in recent years by targeting interbank transfer systems, a Moscow-based security firm said on Monday.

businessNews reuters.com

Wall Street higher as technology, energy stocks gain

(Reuters) - Technology and energy stocks gained in early afternoon trading on Monday, helping Wall Street shake off uncertainties following an explosion at one of New York's busiest commuter hubs.

businessNews reuters.com

Ryanair pilots in Dublin vote in favor of industrial action

DUBLIN (Reuters) - Pilots employed directly by Ryanair in Dublin, its second largest base, have voted overwhelmingly in favor of taking industrial action in a growing dispute over the airline's collective bargaining system, the IMPACT trade union said on Monday.

companyNews reuters.com

Interactive Brokers launches bitcoin futures trading

Dec 11 (Reuters) - Electronic brokerage firm Interactive Brokers Group Inc said on Monday it has started allowing clients to trade bitcoin futures on the newly minted CBOE Futures Exchange.

businessNews reuters.com

Wall Street ticks higher as New York explosion worries wane

(Reuters) - U.S stocks indexes edged higher on Monday, recovering from a brief uncertainty following an explosion at one of New York's busiest commuter hubs.

environmentNews reuters.com

Strained firefighters brace for second week battling California wildfire

SANTA BARBARA, Calif. (Reuters) - Crews battling a massive wind-driven California wildfire that has torched nearly 1,000 buildings and charred 230,500 acres braced on Monday to protect communities menaced by flames along the state's scenic coastline.

businessNews reuters.com

UBS leads blockchain data reporting pilot ahead of new EU rules

ZURICH/NEW YORK (Reuters) - Financial companies led by Swiss bank UBS are testing a blockchain platform to help them comply with new European Union trade data standards due to come into force next year.

businessNews reuters.com

Newly minted bitcoin futures indicate more modest growth ahead

NEW YORK/SYDNEY/LONDON (Reuters) - Newly launched bitcoin futures indicated on Monday that financial markets expect the cryptocurrency to climb further but at a far slower rate than in recent weeks as warnings of a bubble grew.

PersonalFinance reuters.com

Two fund firms make new push for bitcoin ETFs as futures debut

(Reuters) - Two fund managers are going back to U.S. securities regulators for permission to launch exchange-traded funds (ETFs) based on bitcoin, filings showed on Monday, after futures contracts...

companyNews reuters.com

UPDATE 6-Newly minted bitcoin futures indicate more modest growth ahead

* Futures indicate less heady growth to come (Recasts, adds quote, updates prices)

companyNews reuters.com

UPDATE 1-Two fund firms make new push for bitcoin ETFs as futures debut

Dec 11 (Reuters) - Two fund managers are going back to U.S. securities regulators for permission to launch exchange-traded funds (ETFs) based on bitcoin, filings showed on Monday, after futures contracts began trading on Sunday in the high-flying digital currency.

businessNews reuters.com

WTO losing focus, must rethink development: U.S. trade chief

BUENOS AIRES (Reuters) - U.S. President Donald Trump's trade chief said on Monday that the World Trade Organization is losing its focus on trade negotiations in favor of litigation and needed to rethink how it defines developing economies.

businessNews reuters.com

S&P, Dow flat after explosion at New York commuter hub

(Reuters) - The S&P 500 and the Dow were flat in early morning trading on Monday after an explosion rocked New York's Port Authority, one of the city's busiest commuter hubs.

businessNews reuters.com

VW sees 4-5 billion euros in outflows in 2018 due to dieselgate

WOLFSBURG, Germany (Reuters) - Volkswagen expects cash outflows of 4-5 billion euros ($4.7-5.9 billion) next year in relation to the dieselgate emissions cheating scandal, the carmaker's Chief Financial Officer Frank Witter told journalists on Monday.

businessNews reuters.com

Hackers hit major ATM network after U.S., Russian bank breaches: report

FRANKFURT (Reuters) - A previously undetected group of Russian-language hackers silently stole nearly $10 million from at least 18 mostly U.S. and Russian banks in recent years by targeting interbank transfer systems, a Moscow-based security firm said on Monday.

businessNews reuters.com

Japan's SMBC Nikko poised to poach bankers in push for U.S. growth

TOKYO (Reuters) - Sumitomo Mitsui Financial Group Inc's brokerage unit is ready to poach bankers to expand its U.S. investment banking arm and could even buy small firms if the right target comes up, its chief executive said.

cnn.com

Bitcoin futures forecast even higher prices

businessNews reuters.com

Lighthizer says WTO losing focus, must rethink development

BUENOS AIRES (Reuters) - U.S. President Donald Trump's trade chief said on Monday that the World Trade Organization is losing its focus on trade negotiations in favor of litigation and needed to rethink how it defines developing economies.

businessNews reuters.com

First round of Volkswagen pay talks end without deal

FRANKFURT (Reuters) - German trade union IG Metall on Monday said a first round of wage talks at Volkswagen failed to produce a result, adding it was disappointed the carmaker did not present a counter-offer to its demand for a 6-percent wage hike.

businessNews reuters.com

S&P, Dow flat after Port Authority explosion

(Reuters) - The S&P and the Dow opened little changed on Monday after reports of an explosion in New York's busy Port Authority commuter hub, while the Nasdaq was slightly higher as technology stocks rose.

businessNews reuters.com

Icahn nominates four directors to Xerox's board

(Reuters) - Activist investor Carl Icahn has named four nominees to Xerox Corp's board of directors, the company said on Monday, after a current Icahn-appointed director resigned due to a difference of opinion with the board.

businessNews reuters.com

Futures inch up, bitcoin grabs investor interest

(Reuters) - U.S. stock futures pointed to a higher opening for Wall Street on Monday, with the launch of bitcoin futures raising investor interest in cryptocurrency related companies.

companyNews reuters.com

US STOCKS-Futures inch up, bitcoin grabs investor interest

Dec 11 (Reuters) - U.S. stock futures pointed to a higher opening for Wall Street on Monday, with the launch of bitcoin futures raising investor interest in cryptocurrency related companies.

businessNews reuters.com

Icahn makes four nominations for Xerox board

(Reuters) - Activist investor Carl Icahn has named four nominees to Xerox Corp's board of directors, the company said on Monday.

businessNews reuters.com

Hotly anticipated bitcoin futures ease off after 22 percent surge

NEW YORK/SYDNEY/LONDON (Reuters) - Bitcoin futures eased back from an initial surge of almost 22 percent to trade up 13 percent on Monday, in an eagerly awaited U.S. market debut that backers hope will confer greater legitimacy on the volatile cryptocurrency and lead to its wider use.

companyNews reuters.com

CANADA STOCKS-Futures little changed as oil prices edge lower

Dec 11 (Reuters) - Futures for Canada's main stock index were little changed on Monday amid a fall in oil prices on signs of an increase in U.S. drilling activity.

businessNews reuters.com

Uber's London license appeal to be heard next year

LONDON (Reuters) - Uber [UBER.UL] will defend its right to operate in London in court next year after the app was deemed unfit to run a taxi service and stripped of its license in its most important European market.

technologyNews reuters.com

EU must look at regulating bitcoin, ECB's Nowotny says

VIENNA (Reuters) - The European Union needs to consider regulating bitcoin, European Central Bank ratesetter Ewald Nowotny said on Monday, citing the risk of money laundering.

businessNews reuters.com

Apple aims to block climate, rights proposals with quick use of SEC guidance

BOSTON (Reuters) - Apple Inc is pushing back on shareholder proposals on climate issue and human rights concerns, an effort activists worry could sharply restrict investor rights.

companyNews reuters.com

GLOBAL-MARKETS-Bitcoin futures steal spotlight, momentum keeps pushing stocks up

* Expectant dollar hovers ahead of Fed rate rise (Updates prices, adds detail)

businessNews reuters.com

Carrefour's Brazilian unit elects Malige as chairman

SAO PAULO (Reuters) - The board at the Brazilian unit of French retailer Carrefour has elected Matthieu Malige as chairman, it said in a statement on Monday.

environmentNews reuters.com

Weary firefighters brace for second week battling California wildfire

SANTA BARBARA, Calif. (Reuters) - Crews battling a massive wind-driven California wildfire that has torched nearly 800 buildings and charred 230,000 acres are bracing on Monday to protect communities menaced by flames along the state's scenic coastline.

businessNews reuters.com

Uber appeal case against London license loss planned for April or June next year

LONDON (Reuters) - Uber's [UBER.UL] appeal against the loss of its London license should begin on Apr. 30 for five days but might be delayed until June, a British judge said on Monday at a preliminary hearing.

businessNews reuters.com

Bitcoin futures steal spotlight, momentum keeps pushing stocks up

LONDON (Reuters) - World stocks climbed and equity volatility neared a record low on Monday as investors focused on signs of strong economic growth ahead of a slew of central bank rate decisions, while the launch of bitcoin futures fed the market's cryptocurrency obsession.

companyNews reuters.com

GLOBAL MARKETS-Bitcoin futures steal spotlight, momentum keeps pushing stocks up

LONDON, Dec 11 (Reuters) - World stocks climbed and equity volatility neared a record low on Monday as investors focused on signs of strong economic growth ahead of a slew of central bank rate decisions, while the launch of bitcoin futures fed the market's cryptocurrency obsession.

cnn.com

California wildfires now larger than New York City and Boston combined

Firefighters are struggling to contain the biggest of six blazes burning in southern California, with the Thomas Fire slipping from 15% containment to 10% Sunday.

businessNews reuters.com

Ford's November China vehicle sales drop 8 percent year-on-year

(Reuters) - Ford Motor Co's sales in China fell 8 percent in November from a year ago, following a 5 percent decline in October, the U.S. automaker said on Monday.

companyNews reuters.com

UPDATE 4-Hotly anticipated bitcoin futures surge 21 percent on debut

* Big U.S. banks, brokerages give launch a mixed reception (Updates prices)

businessNews reuters.com

Bitcoin futures rocket past $18,000; Asian shares buoyant

SYDNEY (Reuters) - The craze for cryptocurrencies entered a new chapter on Monday as bitcoin futures rocketed by one-fifth of their value at a hotly anticipated launch, while Asian shares climbed amid optimism about global growth.

companyNews reuters.com

GLOBAL MARKETS-Bitcoin futures rocket past $18,000; Asian shares buoyant

* Fed expected to hike rates this week; BoE, ECB also meeting

technologyNews reuters.com

Hotly anticipated bitcoin futures surge 21 percent on debut

NEW YORK/SYDNEY (Reuters) - Bitcoin futures jumped more than 20 percent in their eagerly anticipated U.S. debut, which backers hope will encourage wider use and legitimacy for the world's largest cryptocurrency even as critics warn of the risk of a bubble and price collapse.

companyNews reuters.com

UPDATE 3-Hotly anticipated bitcoin futures surge 21 percent on debut

* Big U.S. banks, brokerages give launch a mixed reception (Updates prices, adds quote)

businessNews reuters.com

Bitcoin futures surge past $18,000; Asian shares firm

SYDNEY (Reuters) - The craze for cryptocurrencies entered a new chapter on Monday as bitcoin futures rocketed by one-fifth of their value at a closely-watched launch, while Asian shares climbed amid optimism about global growth.

companyNews reuters.com

GLOBAL MARKETS-Bitcoin futures surge past $18,000; Asian shares firm

* Fed expected to hike rates this week; BoE, ECB also meeting

businessNews reuters.com

Bitcoin futures surge past $17,000 on launch day

SYDNEY (Reuters) - The front-month bitcoin futures contract on the Chicago-based CBOE Futures Exchange surged past $17,000 on Monday, the first day of trading.

businessNews reuters.com

Bitcoin futures make firm debut, dollar holds gains ahead of Fed

SYDNEY (Reuters) - Futures in bitcoin, which has taken global financial markets by storm, swung above their launch price, while the dollar kept gains in Monday's Asian session on expectations the Federal Reserve will stick to its tightening path.

companyNews reuters.com

GLOBAL MARKETS-Bitcoin futures make firm debut, dollar holds gains ahead of Fed

* Fed expected to hike rates this week; BoE, ECB also meeting

companyNews reuters.com

UPDATE 2-Hotly anticipated bitcoin futures debut in sedate fashion

* Big U.S. banks, brokerages give launch a mixed reception (Updates throughout, adds comments)

businessNews reuters.com

Bitcoin futures race higher in volatile launch, dollar steady

SYDNEY (Reuters) - Futures in bitcoin, which has taken global financial markets by storm, got off to a volatile start at its launch, while the dollar kept gains in Monday's Asian session on expectations the Federal Reserve will stick to its tightening path.

companyNews reuters.com

GLOBAL MARKETS-Bitcoin futures race higher in volatile launch, dollar steady

* U.S. Fed expected to hike rates this week; BoE, ECB also meeting

businessNews reuters.com

Uber heads to court in fight for London survival

LONDON (Reuters) - Uber [UBER.UL] will defend its right to operate in London in a court hearing on Monday after the app was deemed unfit to run a taxi service and stripped of its license in its most important European market.

businessNews reuters.com

Bitcoin futures start trading on CBOE exchange

NEW YORK (Reuters) - The newest way to bet on bitcoin arrived on Sunday, with futures of the cryptocurrency that has taken Wall Street by storm starting trading for the first time.

environmentNews reuters.com

California wildfire rages toward scenic coastal communities

SANTA BARBARA, Calif. (Reuters) - A raging wildfire pushed toward a string of California coastal cities on Sunday, prompting new evacuations as crews fought to save homes in the face of gusty winds that have fueled blazes across the state for nearly a week.

businessNews reuters.com

Mediaset hopes truce with Vivendi to come with content deal with Telecom Italia: media

MILAN (Reuters) - Mediaset's chief executive said he hoped the shared interest over TV content with Telecom Italia (TIM) could pave the way to a truce with France's Vivendi , speaking in a interview published late on Sunday.

businessNews reuters.com

Britain's Labour Party looks to move some BoE functions away from London

(Reuters) - Britain's Labour Party is considering moving some of Bank of England's functions to Birmingham, from its current home in Threadneedle Street in the City of London, according to an interim report on the British financial system released on Sunday.

cnn.com

For the first time in US history, a road will likely be carved through a protected wilderness refuge

A wilderness refuge protected since the Eisenhower administration could have a road carved right through it

environmentNews reuters.com

New evacuations ordered as winds reinvigorate California wildfire

VENTURA, Calif. (Reuters) - California's largest wildfire pushed toward prosperous coastal cities on Sunday, prompting a new wave of evacuations as firefighters struggled to curb its destructive power with the gusty winds that have fueled fires for nearly a week.

nytimes.com

Asia and Australia Edition: Jerusalem, Bitcoin, Nobel Peace Prize: Your Monday Briefing

Here’s what you need to know to start your day.

environmentNews reuters.com

New evacuations ordered as California wildfires rage on

VENTURA, Calif. (Reuters) - The largest California wildfire advanced on coastal towns near Santa Barbara on Sunday, stoked by the gusty winds and dry conditions that have fueled destructive blazes across the state's southern region.

companyNews reuters.com

UPDATE 1-After bitcoin’s wild week, traders brace for futures launch

NEW YORK, Dec 10 (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.

businessNews reuters.com

Thyssenkrupp makes offer to workers for Tata Steel deal: sources

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.

businessNews reuters.com

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

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.

nytimes.com

Jerusalem, Wildfires, Roy Moore: Your Weekend Briefing

Here’s what you need to know about the week’s top stories.

environmentNews reuters.com

Crews battling California wildfires gird for return of high winds

VENTURA, Calif. (Reuters) - Santa Ana winds that have stoked wildfires across Southern California, destroying hundreds of buildings and forcing evacuations of some 200,000 people are forecast to return in force on Sunday, authorities said.

businessNews reuters.com

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

NEW YORK (Reuters) - The newest way to bet on bitcoin, the cyptocurrency that has taken Wall Street by storm with its stratospheric price rise and wild daily gyrations, will arrive on Sunday when bitcoin futures start trading.

businessNews reuters.com

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

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.

businessNews reuters.com

Thyssenkrupp ready to make workers offer for Tata Steel deal: Bild am Sonntag

BERLIN (Reuters) - Thyssenkrupp is prepared to offer workers commitments on jobs and investments to get union backing for its deal with Tata Steel to merge their European steel operations, German weekly Bild am Sonntag reported, citing an internal memo.

businessNews reuters.com

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

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.

cnn.com

A warning about bitcoin's wild price swings

cnn.com

Zinke: Reports of my helicopter travels a 'wild departure from reality'

Interior Secretary Ryan Zinke responded Saturday to reports about his helicopter use, calling them a "wild departure from reality" in a statement on Twitter.

cnn.com

It's not just spraying water: How the pros fight wildfires

As wildfires ravaged California this year, thousands of firefighters have taken on the massive task of containing and extinguishing flames over hundreds of thousands of acres.

environmentNews reuters.com

Strong winds pose fresh threat in California wildfires

VENTURA, Calif. (Reuters) - California Governor Jerry Brown will survey the destruction of the state's devastating wildfires on Saturday, as firefighters rushed to contain the blazes before dry desert winds were expected to intensify.

domesticNews reuters.com

California's Getty museum survives wildfire, ready for quakes

(Reuters) - Southern California's Getty Center, one of the world's wealthiest art institutions, said it had survived a wildfire tearing through Los Angeles thanks to a disaster plan that has it ready for earthquakes as well.

companyNews reuters.com

RPT-California wildfires send film, TV productions scrambling

LOS ANGELES, Dec 8 (Reuters) - Wildfires raging across Southern California are taking a toll on the region's iconic film industry, forcing producers of commercials, television shows and even student films to pause or seek alternate shooting locations.

environmentNews reuters.com

Firefighters race to contain California wildfires as winds set to strengthen

VENTURA, Calif. (Reuters) - Firefighters in Southern California were under pressure on Saturday to contain six raging wildfires, which have destroyed hundreds of buildings and forced tens of thousands of people to flee, before fierce winds are expected to strengthen again.

cnn.com

First wildfire-related death confirmed in California

A woman, whose body was found at a crash site along an evacuation route, was the first-related death confirmed in a series of wildfires that ravaged Southern California this week.

environmentNews reuters.com

Weather eases the battle as California wildfires grow

VENTURA, Calif. (Reuters) - Growing wildfires chewing through parts of Southern California on Friday ravaged avocado farms, racehorse stables and a retirement community, even as milder weather aided firefighters in their efforts to slow the progress of six major blazes.

companyNews reuters.com

California wildfires send film, TV productions scrambling

LOS ANGELES, Dec 8 (Reuters) - Wildfires raging across Southern California are taking a toll on the region's iconic film industry, forcing producers of commercials, television shows and even student films to pause or seek alternate shooting locations.

businessNews reuters.com

Apple in talks to acquire music identification app Shazam: source

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.

environmentNews reuters.com

No respite in sight from fast-moving Southern California wildfires

VENTURA, Calif. (Reuters) - Exhausted fire crews made little headway on Friday in containing the most troublesome of six major wildfires burning in South California as dry winds fanned flames that ravaged avocado farms, racehorse stables and a retirement community.

nytimes.com

Wildfires, Puerto Rico, Star Wars: Your Friday Evening Briefing

Here’s what you need to know at the end of the day.

businessNews reuters.com

PepsiCo to move to Nasdaq after nearly a century with NYSE

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

businessNews reuters.com

Apple's Ive returns to helm of design teams

(Reuters) - Apple Inc Chief Design Officer Jony Ive is returning to day-to-day management of the company's design teams after handing off managerial duties two years ago to focus on other projects, Apple told Reuters on Friday.

businessNews reuters.com

Delta Air Lines cancels hundreds of flights due to winter storm

NEW YORK (Reuters) - Delta Air Lines has canceled more than 600 flights due to inclement weather at its Atlanta hub, the carrier said on Friday, as a winter storm travels towards the northeast, threatening more cancellations and delays.

businessNews reuters.com

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

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.

businessNews reuters.com

Macy's Terry Lundgren to retire as chairman in January

(Reuters) - Department store operator Macy's Inc said Chairman and former Chief Executive Terry Lundgren would retire from the board on January 31, 2018.

businessNews reuters.com

Strong U.S. job growth in November bolsters economy's outlook

WASHINGTON (Reuters) - U.S. job growth increased at a strong clip in November, painting a portrait of a healthy economy that analysts say does not require the kind of fiscal stimulus that President Donald Trump is proposing, even though wage gains remain moderate.

businessNews reuters.com

Wall Street closes higher after payrolls report

NEW YORK (Reuters) - U.S. stocks advanced on Friday, buoyed by a solid payrolls report for November that locked in expectations for an interest rate hike from the U.S. Federal Reserve next week and raised optimism about economic prospects in 2018.

technologyNews reuters.com

France to allow blockchain for trading unlisted securities

PARIS (Reuters) - The French government opened the way on Friday for trading unlisted securities using blockchain digital ledgers with the adoption of new rules aimed at improving Paris' image as a center for financial innovation.

businessNews reuters.com

Bitcoin drops after dramatic gains ahead of futures launch

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.

companyNews reuters.com

UPDATE 3-Bitcoin drops after dramatic gains ahead of futures launch

(Updates prices, adds graphic, analyst comment) By Jemima Kelly and Gertrude Chavez-Dreyfuss LONDON/NEW YORK, Dec 8 (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. In a hectic day on Thursday, bitcoin leapt from below $16,000 to $19,500 in less than an hour on the U.S.-based GDAX, one of the biggest exchanges globally, while it was

companyNews reuters.com

UPDATE 2-ED&F Man reviews physical grains trading, may exit business

* Sugar refinery in Israel be shut at the end of 2017 (Adds company comment)

businessNews reuters.com

November payrolls report lifts Wall Street

NEW YORK (Reuters) - Wall Street indexes advanced on Friday on the heels of a solid payrolls report for November, locking in expectations for an interest rate hike from the U.S. Federal Reserve next week and boosting optimism about economic prospects for 2018.

businessNews reuters.com

Trump says fines against Wells Fargo could be increased

WASHINGTON/NEW YORK (Reuters) - President Donald Trump took aim at the third-largest U.S. bank on Friday, writing on Twitter that government fines and penalties against Wells Fargo & Co could be hiked amid an ongoing sales scandal.

businessNews reuters.com

Bitcoin tumbles after dramatic gains ahead of futures launch

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.

businessNews reuters.com

Wall Street gains on robust Nov. hiring data

(Reuters) - Wall Street indexes gained on Friday as U.S. employers added more jobs than expected in November, cementing the case for an interest rate hike next week and adding to optimism about the economy heading into 2018.

businessNews reuters.com

Ahead of Canada fighter jet announcement, Boeing looks to future

OTTAWA (Reuters) - Boeing Co , which is locked in a dispute with the Canadian government, said on Friday it would continue to look for ways to work with the country, which is expected next week to announce it is scrapping plans to buy 18 of the U.S. planemaker's Super Hornet fighter jets.

businessNews reuters.com

WestJet to gain market share with Delta joint venture: Moody's

(Reuters) - WestJet Airlines Ltd's joint venture with Delta Air Lines Inc will put the Canadian air carrier in a stronger position to gain market share, credit rating agency Moody's Investors Service said.

businessNews reuters.com

EU regulators to warn Bayer about Monsanto bid: source

BRUSSELS (Reuters) - EU antitrust regulators are set to warn Bayer its planned purchase of U.S. seed maker Monsanto may hurt competition, a person familiar with the matter said on Friday, a move that would force Bayer to offer concessions to address the concerns.

businessNews reuters.com

Steinhoff shares climb off 14-year low in volatile trade

JOHANNESBURG (Reuters) - Steinhoff shares plunged another 50 percent on Friday, before paring some losses as traders booked profits on short positions taken out after the South African retailer disclosed accounting irregularities earlier this week.

businessNews reuters.com

Deutsche Bank can cope with Basel III outcome: CFO in paper

BERLIN (Reuters) - Deutsche Bank is able to cope with the stricter capital rules on banks that were agreed this week, its finance chief told a German paper.

businessNews reuters.com

Wall Street rises as jobs data shows strength in economy

(Reuters) - U.S. stocks were pushed higher on Friday by a stronger-than-expected jobs data for November, which indicated improving economic fundamentals at the world's largest economy in the run up to a near certain interest rate hike next week.

businessNews reuters.com

U.S. tax repatriation plan may not cure long-term dollar weakness

NEW YORK (Reuters) - Investors looking for the U.S. Republican tax bill to prompt multinational companies to convert foreign profits into dollars and end the worst slide in the greenback in a decade may have to temper their hopes for a prolonged rebound.