Silicon Valley investor Shervin Pishevar, known for his early bet on Uber Technologies, said on Thursday that he would sever ties with his venture capital company, Sherpa Capital, after being accused of sexual misconduct. Pishevar, who has denied the accusations, said in a statement provided by his lawyer that he was voluntarily leaving Sherpa Capital, […]

The surging price of cryptocurrencies in global markets is catching the eye not just of ordinary retail investors but a cybercrime gang with links to the North Korean government, according to cyber researchers tracing the group’s activities. The Lazarus cybercrime group is mounting an ongoing scheme to steal the online credentials of bitcoin industry insiders, […]

A strong earthquake has shaken buildings in the Indonesian capital of Jakarta and other cities on the country’s most populous island of Java. Authorities issued a tsunami warning for parts of Java’s coastline but no injuries from the temblor were immediately reported. The U.S. Geological Survey said the earthquake which struck just before midnight Friday […]

A South Korean blockchain association announced on Friday measures to boost transparency in trading of cryptocurrencies, agreed by 14 exchanges in the country including the world’s busiest virtual currency exchange, Bitthumb. Digital currencies are very popular across Asia, with many retail investors giving up their daily jobs to trade them full time in countries such […]

The idea of a giant Pacific trade deal isn’t dead yet, even if the United States has turned its back on an agreement. Members of an 11-nation Pacific trade deal are waiting on Canada to finalize a new pact, the head of New Zealand’s government told CNBC on Friday. President Donald Trump exited the ambitious […]

Litecoin Founder Charlie Lee wants people to stop fussing over the gravity-defying rally in the cryptocurrency. “I would be happy if litecoin stays at around $300 by the end of next year,” Lee told CNBC’s Squawk Box, as the cryptocurrency surged more than 150 percent in the past week. Litecoin’s rallied almost 8,000 percent this […]

U.S. rail operator CSX Corp. said on Friday that CEO and President E. Hunter Harrison has taken medical leave after unexpected complications from a recent illness. Chief Operating Officer James M. Foote will fill in as as acting CEO for Harrison, who earlier this year left as the head of Canadian Pacific to take the […]

Big Japanese manufacturers’ business confidence improved for a fifth straight quarter in the three months to December to hit a 11-year high, a central bank survey showed, a sign the economy is gathering momentum from robust exports and booming corporate profits. The data may help the Bank of Japan (BOJ) make the case that strengthening […]

U.S. markets closed in the red ahead of Asia’s Friday trading day as investors shifted their attention from the Federal Reserve’s recent meeting to new uncertainty about the chances of tax reform. Sen. Marco Rubio, R-Fla., on Thursday confirmed he opposes the Republican party’s current tax plan. Other holdouts include Sen. Mike Lee, R-Utah, who […]

U.S. President Donald Trump spoke by phone on Thursday with Russian President Vladimir Putin and a statement about their conversation will be released later in the day, White House spokeswoman Sarah Sanders said. “President Trump spoke with Putin earlier today and a read out will be sent later tonight,” she said in an emailed statement. […]