Bitcoin traded near its all-time high price late on Thursday after the intense debate over the cryptocurrency’s future appears to be heading to a positive end. The price of bitcoin hit a high of $2,948.51 on Thursday evening, just shy of the record high $3,025.47 reached on June 11, according to data from CoinDesk. While […]
Read moreGot rice? That’s what China, the world’s largest consumer of rice, is now asking the U.S. For the first time ever, Asia’s economic giant will allow imports of American rice, the U.S. Department of Agriculture announced Thursday. That comes as a welcome signal after annual trade talks between the two nations broke down this week […]
Read moreFrench car parts maker Valeo said first-half profit rose 20 percent as demand for LED lighting and fuel-efficient engine systems helped sales to outpace global auto markets. Net income rose to 506 million euros ($588 million) from 422 million a year earlier, the company said in a statement on Thursday. Revenue increased 16 percent to […]
Read moreCurrency, United States Finance
Philips Lighting earnings ahead on better LED, home lighting margins
Philips Lighting, the world’s largest maker of lights, on Friday reported a better-than-expected rise in second-quarter core earnings, as margin improvements at its LED and home lighting businesses offset falling sales due to the ongoing decline of its traditional lamp business. The company’s adjusted earnings before interest and amortization (EBITA) rose 8 percent to 174 […]
Read moreBlake Irving knows how hard it is to change first impressions. More than four years into his tenure as the CEO of web domain registrar and cloud platform GoDaddy, Irving still encounters men who associate the company with risqué Super Bowl ads featuring half-naked women. “I’ll be talking to folks, even in Asia, who will […]
Read moreRipple, a San Francisco-based digital currency start-up, recorded $30 million worth of transactions in the second quarter of 2017 as 25 new exchanges listed its token, XRP. XRP finished the quarter priced at $0.263, up by 1,159 percent from the previous quarter and 3,977 percent higher year-to-date. It is currently listed on 30 exchanges. The […]
Read moreNorth Korea’s economy grew at its fastest pace in 17 years in 2016, South Korea’s central bank said on Friday, despite the isolated country facing international sanctions aimed at curbing its defiant pursuit of nuclear weapons. Gross domestic product (GDP) in North Korea last year rose 3.9 percent from the previous year when the economy […]
Read moreAs a presidential candidate, Donald Trump turned China’s currency into a campaign issue, but Republican political stumbles are now strengthening the yuan. Analysts said the newly resurgent Chinese currency, which has been slowly trending higher since May, was all about the dollar’s sudden weakness. “Just looking at a chart of the pair might lead one […]
Read moreThe recent outbreak of hawkishness by policymakers in the western world does not automatically mean that interest rates need to rise in Australia, a top central banker said on Friday. Canada’s central bank increased interest rates to 0.75 percent this month while the U.S. Federal Reserve has raised rates four times over the past two […]
Read morePresident Donald Trump’s lawyers are looking for ways to hit back at special counsel Robert Mueller’s Russia investigation, media outlets reported on Thursday. Trump’s legal team has been probing the backgrounds of investigators on the case as well as checking for any potential conflicts of interest that could foil Mueller’s inquiry, the Washington Post and […]
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