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Asia Shares Gain as Yen Weakens; Unilever in Focus: Markets Wrap
February 20th, 2017
Kraft Heinz withdraws its $143 billion bid for Unilever U.S. stock and bond markets closed Monday for President’s Day Asian stocks rose, as Tokyo shares erased morning losses after the yen weakened and Hong Kong equities resumed a rally. ...
Bitcoin crushed every other currency in 2016. Here are five reasons why
December 20th, 2016
Bitcoin, that nebulous digital currency that trades in cyberspace and is “mined” by code-cracking computers, emerged as a better bet this year than every major currency, stock index and commodity contract. The electronic coin that trades – and is ...
Dollar Weakens on Fed Outlook as Emerging-Market Shares Advance
August 18th, 2016
Yen breaks 100 after Fed minutes as jobs data boosts Aussie Mongolia’s tugrik stabilizes after interest rate hiked to 15% Emerging-market shares rallied with European stock index futures and the dollar fell versus all of its major peers after minutes ...
Asian stocks higher as shock of Paris attacks fades
November 18th, 2015
Asian stocks were mostly higher Wednesday as the shock of the Paris terror attacks faded and an uptick in U.S. inflation added support for a possible interest rate hike. KEEPING SCORE: Tokyo’s Nikkei 225 gained 0.2 percent to 19,676.77 ...
Alstom Gets Break on Fine
February 2nd, 2015
Court Granted Delay in $772 Million Payment Because of Possible Business Impact When the U.S. Justice Department announced a record $772 million foreign-bribery settlement with Alstom SA in December, there was a hitch: The French engineering company couldn’t pay ...
American Express ‘Take It or Leave It’ Rule Goes on Trial
July 3rd, 2014
American Express Co. (AXP) drives a hard bargain with businesses that want to attract its affluent cardholders: treat the card like any other form of payment despite higher processing costs if you want those customers. The lender prohibits businesses ...
The First National Bank of Facebook
April 23rd, 2014
The company that rebranded the word “friend” may soon take up a more ambitious makeover: the word “bank.” Facebook Inc. is on the verge of winning approval from Ireland’s central bank to allow its users to store and exchange ...
21 New Numbers That Show That The Global Economy Is Absolutely Imploding
February 17th, 2016
After a series of stunning declines through the month of January and the first half of February, global financial markets seem to have found a patch of relative stability at least for the moment. But that does not mean ...
JPMorgan Chase is building a rival to Apple Pay
October 27th, 2015
JPMorgan Chase said on Monday it will soon launch its own competitor to Apple Pay that will allow consumers to pay retailers using their smartphones in stores, and it has already won the endorsement of a major group of ...