China central bank can tell local governments to regulate bitcoin miners’ power use: source
BEIJING (Reuters) – China’s central bank told a top-level government internet finance group that the monetary authority can tell local governments to regulate the power usage of bitcoin miners to gradually reduce the scale of their production, a source…
Britain’s open to foreign investment, trade minister Fox tells China
BEIJING (Reuters) – British trade minister Liam Fox said on Wednesday that London would continue to welcome foreign investment, after a U.S. panel rejected a Chinese acquisition of a U.S. money transfer company on national security concerns.
UK trade minister: Too soon to seek membership of Trans-Pacific trade pact
BEIJING (Reuters) – British trade minister Liam Fox said on Wednesday it was too soon to seek membership of the Trans-Pacific Partnership (TPP) trade pact.
Petrobras to pay $2.95 billion to settle U.S. class action over corruption
NEW YORK (Reuters) – Brazil’s state-controlled oil company, Petroleo Brasileiro SA , said on Wednesday that it has agreed to pay $2.95 billion to settle a U.S. class action brought by investors who claim they lost money as a result of a corruption scan…
German court to decide on Niki insolvency challenge on Thursday
FRANKFURT/VIENNA (Reuters) – A German court is likely to decide on Thursday whether to reverse the insolvency filing of airline Niki, according to a statement from Berlin’s civil courts, which could derail the sale of the Air Berlin unit to Britain’s …
U.S. blocks MoneyGram sale to China’s Ant Financial on national security concerns
(Reuters) – Ant Financial’s plan to acquire U.S. money transfer company MoneyGram International Inc collapsed on Tuesday after a U.S. government panel rejected it over national security concerns, the most high-profile Chinese deal to be torpedoed unde…
World stocks smash new records as New Year party rolls on
LONDON (Reuters) – World stocks hit fresh highs on Wednesday with European markets joining the party as early indications suggest 2018 will be another year of synchronized global growth led by a shining European economy.
Israel’s El Al Airlines to start flights to Silicon Valley
TEL AVIV (Reuters) – El Al Israel Airlines said on Wednesday it will begin nonstop flights between Tel Aviv and San Francisco in the fourth quarter, as it continues to expand into North America.
Oil dips away from mid-2015 highs as higher output looms
SINGAPORE/LONDON (Reuters) – Oil prices held steady on Wednesday near mid-2015 highs reached the previous session as high output in the United States and Russia balanced tensions from a sixth day of unrest in OPEC member Iran.
Britain interested in joining Trans-Pacific trade deal after Brexit: FT
LONDON (Reuters) – Britain is interested in joining the Trans-Pacific Partnership trade bloc after it leaves the European Union, the Financial Times newspaper said.
