Bitcoin exchange Kraken to help in Mt. Gox bankruptcy
TOKYO (Reuters) – U.S. bitcoin exchange operator Payward Inc said on Wednesday it will work on retrieving some millions of dollars lost by Tokyo-based Mt. Gox, once the world’s largest bitcoin exchange before it collapsed in bankruptcy this year.
British insurer Aviva to shut $2 billion fund of hedge funds unit
LONDON (Reuters) – Aviva will shut its unit that invests in external hedge funds, the British insurer said on Wednesday, part of a global trend that’s seeing so-called “fund of hedge funds” closing shop or merging with others as clients cut the middlem…
ECB outlook lifts Europe shares, Australian dollar sags
TOKYO (Reuters) – European shares pushed higher on Wednesday, bolstered by the prospect of more stimulus from the European Central Bank and as upbeat U.S. economic growth data calmed investor anxiety over a deteriorating global outlook.
HP fourth-quarter revenue drops on weak enterprise demand
(Reuters) – Hewlett-Packard Co said its quarterly revenue fell in almost every business segment over the year, highlighting weaknesses ahead of the company’s planned 2015 separation of its enterprise services from its traditional computer and printing …
Saudi, Russia pre-OPEC talks yield no oil output cut
VIENNA (Reuters) – Impromptu talks between Saudi Arabia, fellow OPEC member Venezuela and oil powers Russia and Mexico yielded no agreement on Tuesday on how to address a growing oil glut, ending without any plan to cut output despite a collapse in pri…
Samsung Electronics to buy back $2 billion in shares
SEOUL (Reuters) – South Korea’s Samsung Electronics Co Ltd on Wednesday announced a $2 billion share buyback plan, its first since 2007, following investor calls for higher returns against a backdrop of rapidly declining profits.
BOJ’s Shirai defends latest easing, rules out incremental action
HIROSHIMA, Japan (Reuters) – A Bank of Japan board member who voted for last month’s huge monetary expansion defended the move on Wednesday, saying that failing to act would have cast doubt on the bank’s determination to hit its price goal and undermin…
Discover Financial sues Visa over anti-competitive card practices
(Reuters) – Discover Financial Services Inc sued Visa Inc on Tuesday, alleging the world’s largest cards company has been using anti-competitive practices in its debit card business, and sought compensation for lost profit, court documents showed.
Asia shares climb on U.S. optimism, oil pressured before OPEC
TOKYO (Reuters) – Asian stocks edged up on Wednesday after upbeat U.S. economic growth data calmed investor anxiety over a deteriorating global outlook, while the Australian dollar languished near four-year lows against the dollar.
U.S. economy resilient in third quarter as global growth cools
WASHINGTON (Reuters) – The U.S. economy grew at a much faster pace than initially thought in the third quarter, pointing to strengthening fundamentals that should help it weather slowing global demand.
