China's bitcoin market alive and well as traders defy crackdown

SHANGHAI (Reuters) - Weeks after Beijing banned fundraising through token launches and ordered some bitcoin exchanges to shut, casting a chill over the cryptocurrency industry, traders say that the market is far from dead. While several exchanges have announced that they will close by the end of thi...

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Apple sees sharp increase in U.S. national security requests

(Reuters) - Apple Inc has received more than three times as many national-security related requests from the U.S. government in the first half of this year versus a year ago, according to a company report on Thursday. Apple said it had received between 13,250 and 13,499 national security requests af...

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RBC's CEO pushes back on suggestion bitcoin is a fraud

TORONTO (Reuters) - The chief executive of Canada’s biggest lender on Thursday pushed back on a suggestion by JPMorgan (JP.N) Chief Executive Jamie Dimon that bitcoin is a fraud, though he said the cryptocurrency needs monitoring. Speaking at a Reuters Newsmaker event in Toronto, Dave McKay, C...

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Twitter suspends Russia-linked accounts, but U.S. senator says response inadequate

WASHINGTON/SAN FRANCISCO (Reuters) - Twitter (TWTR.N) said on Thursday it had suspended about 200 Russian-linked accounts as it probes online efforts to meddle with the 2016 U.S. election, but an influential Democratic senator slammed its steps as insufficient. Senator Mark Warner, the top Democrat ...

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RBC's CEO says AI helping to curb credit card fraud

TORONTO (Reuters) - Royal Bank of Canada’s (RY.TO) chief executive, Dave McKay, said on Thursday that artificial intelligence (AI) is helping the bank reduce credit card fraud, and the bank expects to use blockchain technology in its loyalty programs next year. McKay said at a Reuters Newsmake...

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Whole Foods says taprooms, restaurants hacked

LOS ANGELES (Reuters) - Amazon.com Inc’s (AMZN.O) Whole Foods Market on Thursday said payment card information has been stolen from taprooms, restaurants and other venues located within some of its stores. The upscale grocer, which Amazon recently purchased for $13.7 billion, said it uses a di...

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Trucking group disappointed self-driving bill leaves out big vehicles

WASHINGTON (Reuters) - A U.S. trucking group said Thursday it was disappointed that a compromise bill to advance self-driving cars and eliminate regulatory roadblocks will not include larger vehicles. American Trucking Associations President Chris Spear said in a statement the announcement “is...

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Twitter says it suspends hundreds of Russia-linked accounts, briefs U.S. congressional aides

WASHINGTON/SAN FRANCISCO (Reuters) - Twitter (TWTR.N) said on Thursday it had suspended hundreds of Russian-linked accounts and would ramp up enforcement of its spam rules as it probes online campaigns to influence the 2016 U.S. election. Although the company’s disclosures in briefings to U.S....

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Roku connects with investors in debut, shares soar over 67 percent

(Reuters) - Shares of video streaming firm Roku Inc (ROKU.O) rose more than 67 percent in their market debut on Thursday, giving the U.S. IPO market a much-needed shot in the arm. Roku ended trading on the Nasdaq with a share price of $23.50, giving it a market capitalization of about $2.23 billion....

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Twitter briefs U.S. congressional investigators probing alleged Russia role in election

WASHINGTON (Reuters) - Twitter (TWTR.N) officials on Thursday briefed U.S. congressional investigators probing how Russian-backed internet trolls, bots and targeted ads may have been used on the microblogging site to influence last year’s election. Colin Crowell, Twitter’s vice president...

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NY regulator says Equifax making progress on post-breach issues

NEW YORK (Reuters) - Equifax has been cooperating with regulators on issues resulting from the credit reporting agency’s massive data breach and has addressed many of them, New York Attorney General Eric Schneiderman’s office said on Thursday. Schneiderman was one of several state attorn...

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California, Wisconsin deny election systems targeted by Russian hackers

WASHINGTON (Reuters) - California and Wisconsin said the U.S. Department of Homeland Security was incorrect when it notified them last week they were among 21 states whose election systems were targeted by Russian hackers during the 2016 election. California Secretary of State Alex Padilla said on T...

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U.S. votes to advance FCC chairman nomination

WASHINGTON (Reuters) - The U.S. Senate voted 55 to 41 on Thursday to advance the nomination of Federal Communications Commission Chairman Ajit Pai to serve a new five-year term heading the U.S. telecommunications regulator. The Senate is expected to vote Monday on final approval. On Thursday, Democr...

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Roku connects with investors in debut, shares up 16.6 percent

(Reuters) - Shares of Roku Inc (ROKU.O), a Fox-backed video streaming firm, rose as much as 16.6 percent in their market debut on Thursday, giving the U.S. IPO market a much-needed shot in the arm. The U.S. IPO market is struggling to finish 2017 on a high note even though it has already raked in mo...

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Angry Birds maker Rovio valued at $1 billion in IPO

HELSINKI (Reuters) - Finnish mobile games and animation studio Rovio Entertainment Ltd priced its initial public offering (IPO) at the top end of the initial price range on Thursday, giving the company a market value of 896 million euros ($1.06 billion) ahead of its market debut on Friday. The price...

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Technology glitch causes minor delays for airlines, airports

MADRID (Reuters) - Major airlines around the world were briefly hit by computer problems on Thursday morning, causing some minor delays at airports, due to a problem with a system from Spanish travel technology firm Amadeus (AMA.MC). Amadeus, which operates global travel booking systems and offers c...

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A little help from 'Mr Bags'? Prada plays catch-up online in China

BEIJING/MILAN (Reuters) - At Prada’s (1913.HK) Spring/Summer 2018 show in Milan last week in a warehouse papered with giant pop-art comic strips, one name in the coveted front row stood out: Tao Liang, otherwise known as Chinese blogger ‘Mr Bags’. His presence alongside Vogue&rsquo...

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Video streamer Roku raises $219 million in IPO, prices at top of range

(Reuters) - Fox-backed video streaming firm Roku Inc (ROKU.O) raised about $219 million in an initial public offering that was priced at the higher end of its expected price range, the company said. The offering of 15.7 million shares follows disappointing launches of Snap Inc (SNAP.N) and Blue Apro...

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Toshiba $18 billion sale of chip unit signed, but discord emerges immediately

TOKYO (Reuters) - Japan’s Toshiba Corp said on Thursday it had signed an $18 billion deal to sell its chip unit to a consortium led by Bain Capital LP, overcoming a key - albeit not its last - hurdle as it scrambles for funds to stave off a potential delisting. But in an inauspicious sign, a T...

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BlackBerry second-quarter profit rises on back of software sales

TORONTO (Reuters) - BlackBerry Ltd (BB.TO) posted a rise in second-quarter adjusted profit on lower revenue on Thursday as sales at its closely watched software business hit a record. The Canadian company, which last year stopped manufacturing the iconic BlackBerry smartphone to focus on software, r...

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