South Korea students dive into virtual coins, evens as regulators crack down
SEOUL (Reuters) – Hackers have stolen millions, lawmakers are pushing for new taxes and regulations, and a leading financial official has called them a “Ponzi scheme”.
U.S. oil prices hit highest since mid-2015 on surprise output drop
SINGAPORE/LONDON (Reuters) – U.S. oil prices hit their highest since mid-2015 on the final trading day of the year as an unexpected fall in American output and a fall in commercial crude inventories stoked buying.
Boom year for stocks and commodities, downer for the dollar
SYDNEY (Reuters) – Asian markets were ending 2017 in a party mood on Friday after a year in which a concerted pick-up in global growth boosted corporate profits and commodity prices, while benign inflation kept central banks from snatching away the mon…
Shanghai cautions on products from scandal-hit Kobe Steel, tightens checks
SHANGHAI (Reuters) – Shanghai has issued a warning on the safety of metal products manufactured by scandal-hit Japanese firm Kobe Steel Ltd and strengthened scrutiny measures, state-owned Xinhua News Agency reported, citing the city’s inspection body….
U.S. oil prices climb to highest since mid-2015 on surprise output drop
SINGAPORE (Reuters) – U.S. oil prices hit their highest levels since mid-2015 on the last trading day of the year as an unexpected fall in American production, as well as a fall in commercial crude inventories, stoked buying.
Hong Kong eyes blockbuster China tech IPO queue, led by Xiaomi
HONG KONG (Reuters) – Hong Kong bankers are eyeing a slew of blockbuster IPOs from Chinese technology firms with a total market capitalization of some $500 billion over the next two years, in a sharp contrast to 2017 – the city’s worst year for raising…
China Aircraft Leasing buys 50 Airbus A320neo series for $5.4 billion
HONG KONG (Reuters) – China Aircraft Leasing Group Holdings Ltd said it will buy 50 Airbus SE A320neo aircraft for an aggregate list price of $5.42 billion, as it expands its fleet to strengthen its position as a full-value chain aircraft solutions p…
Bumper year for stocks and commodities, downer for the dollar
SYDNEY (Reuters) – Asian markets were ending 2017 in a party mood on Friday after a year in which a concerted pick-up in global growth boosted corporate profits and commodity prices, while benign inflation kept central banks from taking away the moneta…
CEOs go M&A hunting as booming markets unleash dealmaking spirits
NEW YORK/LONDON (Reuters) – Mergers and acquisitions had another strong year in 2017, reaching their third highest annual level since the 2008 financial crisis, as CEOs were emboldened by buoyant markets to pursue transformative deals, even when their …
Apple apologizes after outcry over slowed iPhones
(Reuters) – Facing lawsuits and consumer outrage after it said it slowed older iPhones with flagging batteries, Apple Inc is slashing prices for battery replacements and will change its software to show users whether their phone battery is good.
