A cryptocurrency start-up has taken out a full-page ad in the Wall Street Journal to take a dig at JPMorgan Chase CEO Jamie Dimon, who recently called bitcoin a “fraud”. Switzerland-based start-up Eidoo launched Wednesday and bills itself as a digital wallet for people to hold ethereum, the second-largest cryptocurrency by market cap. It has […]
Read moreSecurity videos showing the estranged half-brother of North Korea’s leader being attacked at a Malaysian airport and the two suspects hurrying away afterward were presented at their murder trial on Wednesday. Kim Jong Nam was seen arriving at the departure hall at the budget terminal of the Kuala Lumpur international airport the morning of Feb. […]
Read moreBNP Paribas, France’s biggest listed bank, said on Wednesday it would no longer work with oil and natural gas companies that primarily do business in shale or oil sands as it plans to boost support for renewable energy projects. The bank also said that it would no longer finance new projects that are primarily involved […]
Read moreCatalonia stopped short of making a unilateral declaration of independence Tuesday, putting the ball back in the Spanish government’s court as to what will happen next, effectively meaning that the crisis has been stalled rather than resolved, strategists noted. In a widely-anticipated speech, Catalan President Carles Puigdemont told the regional parliament that the people of […]
Read moreCurrency, United States Finance
European stocks set for a positive open, political risk on the continent remains
European stocks look set for a positive open on Wednesday though political risk on the continent remains. The German DAX leads the charge higher, seen up 18 points at 12,967. The U.K. FTSE is set to open up 14 points at 7,553 while the French CAC looks to begin the day’s trading 8 points to […]
Read moreOla, Uber’s fiercest rival in India, has raised $1.1 billion from investors including Chinese internet giant Tencent and Japan’s SoftBank. The funding will give the ride-hailing service firepower to continue fighting Uber in one of the world’s largest mobile markets. Ola revealed it is also in advanced talks to raise another $1 billion from different […]
Read moreChina has one message for the United States, and it’s willing to repeat it constantly in its media outlets: Calm down with the threats of violence against North Korea. Late on Tuesday, the U.S. military flew two Air Force B-1B Lancer bombers over the Korean Peninsula in a show of force amid high tensions over […]
Read moreChinese e-commerce giant Alibaba announced Wednesday it will invest more than $15 billion over the next three years into a global research and development program to increase collaboration and develop new technologies. That sum was slightly more than double the total amount Alibaba spent on R&D between 2014 and the fiscal year that ended March […]
Read moreHong Kong will cut company profits tax to 8.25 percent for the first HK$2 million of earnings, Hong Kong’s Chief Executive Carrie Lam said in her maiden policy address on Wednesday in which she laid out some of her priorities for the next five years. The Hong Kong leader also said she would address the […]
Read moreThe Trump administration has made trade deficits the yardstick for measuring the success of trade deals, but that’s a miscalculation, analysts said. President Donald Trump has applied labels such as a “disaster” and “horrible” to various U.S. trade deals, including the North American Free Trade Agreement, or NAFTA, and the South Korea-U.S. free trade agreement, […]
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