SINGAPORE/TOKYO/NEW YORK (Reuters) - Bitcoin rose 15 percent on Tuesday, recouping about half of the losses it sustained last week, its worst since 2013, as investors who had missed out on earlier rallies bought the world’s biggest and best-known digital currency. While bitcoin investors and a...
(Reuters) - Ride-hailing company Uber is working on a deal to sell its U.S. auto-leasing business Xchange Leasing to startup digital car marketplace Fair, according to a person familiar with the matter. Uber Technologies Inc [UBER.UL] said in September it was shutting down the auto-leasing business,...
(Reuters) - Tesla Inc will build a pickup truck soon after producing electric crossover vehicle Model Y, Chief Executive Elon Musk said on Tuesday. "I promise that we will make a pickup truck right after Model Y. Have had the core design/engineering elements in my mind for almost 5 years. Am dying t...
SINGAPORE/TOKYO/NEW YORK (Reuters) - Bitcoin rose 13 percent on Tuesday, recovering about half of the losses it sustained last week, its worst since 2013, as investors who missed out on earlier rallies bought the world’s biggest and best-known digital currency. While bitcoin investors and anal...
NEW YORK (Reuters) - Bitcoin held its overnight gains in early U.S. trading on Tuesday as the world’s biggest and best-known cryptocurrency rebounded on light trading volume from its worst week since 2013. At 8:33 a.m. (1333 GMT), the digital currency was last up almost 10 percent at $15,300.0...
NEW YORK (Reuters) - Healthcare, technology and Japanese small-cap stocks look poised to outperform the broader market in the year ahead, according to some of the best performing U.S.-based stock fund managers of 2017. Small-cap stocks should be among the largest winners of the newly-signed Republic...
(Reuters) - Ride-hailing firm Uber Technologies Inc has agreed to sell its U.S. auto-leasing business Xchange Leasing to startup car marketplace Fair.com, The Wall Street Journal reported on Tuesday, citing people familiar with the matter. The net book value of Xchange Leasing's more than 30,000 veh...
(Reuters) - Alphabet Inc’s Google (GOOGL.O) is looking to launch brick-and-mortar stores in India to boost sales of its Pixel smartphones, the Economic Times newspaper reported on Tuesday, citing three people with knowledge of the matter. Google is exploring the idea of physical stores after f...
BEIJING (Reuters) - Shares in several of Apple Inc’s (AAPL.O) Asian suppliers fell for a second straight day on Tuesday, hurt by a report from Taiwan’s Economic Daily and some analysts saying that iPhone X demand could come in below expectations in the first quarter. Apple will slash its...
SINGAPORE/TOKYO (Reuters) - Bitcoin extended its recovery in holiday-thinned trading on Tuesday, rising 10 percent to be up more than a third from last week’s lows of below $12,000. Bitcoin, the world’s biggest and best-known cryptocurrency, fell nearly 30 percent at one stage on Friday ...
SEOUL (Reuters) - South Korea’s trade ministry said on Tuesday that a committee had approved LG Display Co Ltd’s plan to build a new organic light-emitting diode (OLED) panel production facility in China. The approval comes five months after LG Display announced it would invest in large-...
SHANGHAI (Reuters) - China’s securities regulator has formally ordered the founder of indebted tech conglomerate LeEco to return to China and sort out a mounting debt pile linked to his firms, ramping up pressure on the head of the embattled entertainment-to-autos group. The Beijing branch of ...
TOKYO (Reuters) - Japanese auto parts maker Denso Corp is considering a 50 billion yen ($440 million) investment in organic light-emitting diode (OLED) panel maker JOLED, Kyodo news reported, citing sources close to the matter. JOLED, a Japan Display affiliate, sold its inaugural batch of OLED scree...
MOSCOW (Reuters) - President Vladimir Putin said on Monday the Russian authorities should monitor the activity of “some companies” on social media during next year’s presidential election and assess the extent of their involvement in domestic politics. He did not name the companies...
JERUSALEM (Reuters) - Israel’s markets regulator said on Monday he will propose regulation to ban companies based on bitcoin and other digital currencies from trading on the Tel Aviv Stock Exchange (TASE). Shmuel Hauser, the chairman of the Israel Securities Authority (ISA), told the Calcalist...
JERUSALEM (Reuters) - The Bank of Israel is examining issuing digital currency as a means of creating a faster payments system as well as reducing the amount of cash in the economy, a central bank source said on Sunday, though he stressed no decision had yet been made. The source, who spoke on condi...
BEIJING (Reuters) - China has closed more than 13,000 websites since the beginning of 2015 for breaking the law or other rules and the vast majority of people support government efforts to clean up cyberspace, state news agency Xinhua said on Sunday. The government has stepped up already tight contr...
NEW YORK (Reuters) - Stocks that surged in recent weeks because of the cryptocurrency mania have managed to hold onto most of their gains despite the recent retreat in the price of bitcoin and scepticism from market participants. A Reuters analysis of 17 stocks of companies that have made blockchain...
(Reuters) - Time Warner Inc’s CNN will stop producing its daily show on Snap Inc’s Snapchat app, called the “The Update”, from 2018, the two companies said on Friday. CNN began streaming the daily show on Snapchat in August, featuring at least five news stories in each episod...
(Reuters) - Qualcomm Inc said on Friday its board unanimously determined not to nominate any of the 11 candidates picked by Broadcom Ltd and Silver Lake Partners to replace the chipmaker’s current directors. Earlier this month, Broadcom made its first formal move toward a hostile bid to take o...
