Big money stays away from booming bitcoin

LONDON (Reuters) – Bitcoin is booming, digital currency hedge funds are sprouting at the rate of two a week and the value of all cryptocurrencies...

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LONDON (Reuters) – Bitcoin is booming, digital currency hedge funds are sprouting at the rate of two a week and the value of all cryptocurrencies has surged tenfold this year to more than $170 billion. FILE PHOTO: A Bitcoin and dollar note are seen in this illustration picture taken September 27, 2017. REUTERS/Dado Ruvic/Illustration/File Photo...

Target gears up for holidays with free shipping and gifts under $15

NEW YORK (Reuters) – Target Corp said on Monday it would start free shipping beginning in November and that most of its holiday assortment had...

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NEW YORK (Reuters) – Target Corp said on Monday it would start free shipping beginning in November and that most of its holiday assortment had been priced at under $15, as the retailer gets ready to take on Amazon.com and Wal-Mart in the most crucial shopping season of the year. FILE PHOTO: A newly constructed...

Japan shares at two-decade top, yen near three-month low as Abe wins

SYDNEY (Reuters) – Japanese shares jumped on a weaker yen on Monday as an election win for Shinzo Abe’s ruling bloc gave a green light...

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SYDNEY (Reuters) – Japanese shares jumped on a weaker yen on Monday as an election win for Shinzo Abe’s ruling bloc gave a green light for more policy stimulus, while the euro eased as Spain’s constitutional crisis aggravated concerns about political unity in the region. Passersby are reflected in an electronic stock quotation board outside...

Now is the time to cool

China’s escalating property prices have long been a concern for Beijing as it balances growth targets with social stability. Now, economic signals are giving the...

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China’s escalating property prices have long been a concern for Beijing as it balances growth targets with social stability. Now, economic signals are giving the go-ahead to authorities for sustained efforts to cool off the real estate market. On Monday, China’s National Bureau of Statistics reported average new home prices in the country’s 70 major...

U.S. Midwest oil refiners boost output, cut region’s dependence on Gulf Coast

NEW YORK (Reuters) – U.S. refineries from Ohio to Minnesota are capitalizing on access to cheap crude from Western Canada and North Dakota oilfields, helping...

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NEW YORK (Reuters) – U.S. refineries from Ohio to Minnesota are capitalizing on access to cheap crude from Western Canada and North Dakota oilfields, helping their region break a historic dependence on fuel from the Gulf Coast while redrawing oil trade maps. The Phillips 66 gas station in Superior, Colorado, U.S., July 27, 2017. REUTERS/Rick...

Noble Group to sell oil liquids unit to Vitol, flags $1.2 billion loss

SINGAPORE (Reuters) – Struggling commodities trader Noble Group agreed to sell its Americas-focused oil liquids business to Vitol for about $580 million as part of...

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SINGAPORE (Reuters) – Struggling commodities trader Noble Group agreed to sell its Americas-focused oil liquids business to Vitol for about $580 million as part of a debt-cutting strategy, and warned of a big loss for its third quarter. The company logo of Noble Group is displayed at its office in Hong Kong, China January 22,...

JPMorgan reaches beyond its branches with new mobile account app

NEW YORK (Reuters) – In its first offering of online bank accounts, JPMorgan Chase & Co on Monday launched a new smartphone app that it...

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NEW YORK (Reuters) – In its first offering of online bank accounts, JPMorgan Chase & Co on Monday launched a new smartphone app that it hopes will attract new depositors, many of whom are young and may live far from any of its branch offices. FILE PHOTO: People pass the JP Morgan Chase & Co....

Reports: Cisco close to possible $2B deal for BroadSoft – BroadSoft, Inc. (NASDAQ:BSFT)

Cisco Systems (NASDAQ:CSCO) is closing in on a deal to acquire BroadSoft (NASDAQ:BSFT), according to media reports. BroadSoft is worth about $1.7B but sources say...

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Cisco Systems (NASDAQ:CSCO) is closing in on a deal to acquire BroadSoft (NASDAQ:BSFT), according to media reports. BroadSoft is worth about $1.7B but sources say the deal could be closer to $2B. It would give Cisco yet another route to diversify away from the switches and routers business, which is slowing down, and a foothold...

Noble Group to sell oil liquids business to Vitol, flags big third quarter loss

SINGAPORE (Reuters) – Struggling commodities trader Noble Group agreed to sell its Americas-focused oil liquids business to Vitol for about $580 million as part of...

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SINGAPORE (Reuters) – Struggling commodities trader Noble Group agreed to sell its Americas-focused oil liquids business to Vitol for about $580 million as part of a debt-cutting strategy, and warned of a big loss for its third quarter. The company logo of Noble Group is displayed at its office in Hong Kong, China January 22,...
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