U.S. tax break could push startups to share the wealth
SAN FRANCISCO (Reuters) – Startup companies came away with a significant victory in the U.S. tax overhaul — a chance to defer the often-onerous tax bill that is attached to company stock options.
Russia backs gradual, managed exit from oil cuts with OPEC
MOSCOW (Reuters) – OPEC and Russia will exit from oil production cuts very smoothly, possibly extending the curbs in some form to avoid creating any new surplus in the market, the Russian energy minister told Reuters.
Bitcoin plunges below $13,000, heads for worst week since 2013
LONDON/TOKYO (Reuters) – Bitcoin plunged below $13,000 on Friday after losing around a third of its value in just five days, with the digital currency on track for its worst week since 2013 after a blistering ascent to a peak close to $20,000 on Sunday…
Catalan vote batters Spanish stocks, euro dips
LONDON (Reuters) – Spanish stocks and the euro fell, while Spanish government bond yields hit their highest levels in over a month after Catalan separatists wanting to break away from Spain won a regional election.
Lotte chief gets suspended prison sentence; free to run firm
SEOUL (Reuters) – A Seoul court on Friday found Lotte Group Chairman Shin Dong-bin guilty of breach of trust and embezzlement and sentenced him to 20 months in prison, suspended for two years, leaving him free to try and revive the conglomerate after s…
As energy markets evolve, blockchain powers up
SINGAPORE (Reuters) – Energy startups have been using blockchain to power electricity sharing in microgrid trials from Texas to Tasmania for a year or so.
Angry Cathay pilots vote to raise funds as buffer for potential management action
SINGAPORE (Reuters) – Pilots at Cathay Pacific Airways Ltd voted in favor of raising funds as a buffer against any actions the Hong Kong airline may take against them, such as unilateral benefit changes or job losses, their union said on Friday.
Ryanair hit with first ever pilots strike
BERLIN (Reuters) – Ryanair failed to avert its first ever pilots strike on Friday as pilots in Germany held a four-hour walkout although airports and the Irish budget carrier said there had been little impact on flights.
Lotte chief gets suspended prison sentence leaving him free to run firm
SEOUL (Reuters) – A Seoul court on Friday found Lotte Group Chairman Shin Dong-bin guilty of breach of trust and sentenced him to 20 months in prison, suspended for two years, leaving him free to try and revive the conglomerate after steep losses in Ch…
Roche to buy U.S. cancer drugmaker Ignyta for $1.7 billion
(Reuters) – Swiss drugmaker Roche will buy U.S. cancer drug specialist Ignyta Inc for $1.7 billion in an agreed deal to broaden its oncology portfolio, the firms said on Friday.
