Soros-backed GlenPoint opens New York office, co-founder to relocate
LONDON (Reuters) – London-based hedge fund manager Glen Point Capital, which raised cash from billionaire George Soros, has opened an office in New York, three sources with direct knowledge of the matter said.
Dollar hits two-week high on U.S. tax reform optimism, world shares climb
LONDON (Reuters) – The dollar rose to its highest level in two weeks on Thursday over optimism the United States would successfully push through tax reforms, while world shares rebounded after two straight days of losses.
Alibaba, Ford to cooperate in search for new retail opportunities
BEIJING/SHANGHAI (Reuters) – Alibaba Group Holding Ltd has signed a deal with Ford Motor Co to explore cooperation in areas such as cloud computing, connectivity and retail which could involve the sale of Ford cars on Alibaba’s online retail platform…
Alibaba to cooperate with Ford Motor for new retail opportunities
BEIJING (Reuters) – China’s e-commerce giant Alibaba said on Thursday it signed an agreement with Ford Motor on strategic cooperation to jointly explore areas such as connectivity, cloud computing and artificial intelligence.
Asia shares creep above 2-month lows, but growth, U.S. policy risks weigh
TOKYO (Reuters) – Asian shares hovered above two-month lows on Thursday as some high-tech bellwethers bounced back after a searing sell-off although softer oil and copper prices and uncertainty over U.S. policy kept many investors cautious.
HSBC has 3-year head start on foreign investment banking rivals in China: Gulliver
HONG KONG (Reuters) – HSBC has a three-year head start on its foreign investment banking rivals in China because of the British bank’s unique position of having management control of its securities venture there, chief executive Stuart Gulliver said o…
Sharp to seek all-Japan OLED alliance to counter South Korea’s Samsung, LG
TOKYO (Reuters) – Japan’s Sharp Corp will ask the government to help it form an alliance with rival Japan Display Inc in OLED technology to better compete with South Korean makers, its chief executive said on Thursday.
Bitcoin to start futures trading, stoking Wild West worries
NEW YORK (Reuters) – Bitcoin fans are salivating over the potential of long-awaited legitimacy for the cyptocurrency when futures trading launches this weekend, but experts worry the risks associated with bitcoin’s Wild West-like nature could overshado…
Breaking slow: Asia set to raise rates next year, but still lag Fed
HONG KONG (Reuters) – Tighter monetary policy is coming to Asia next year. Yet it will lag the Federal Reserve’s rate hikes as Asian central banks balance an exports-led revival in growth with a slowdown in regional locomotive China.
Digital currency exchange NiceHash says bitcoin worth nearly $64 million hacked
(Reuters) – Cryptocurrency marketplace NiceHash said the contents of its bitcoin wallet had been stolen in a security breach and one executive said nearly $64 million had been lost.
