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Category : Business (Archive for 2018-02-06) News by Google
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New York Times
Samsung Heir to Be Freed From Prison After Court Reduces Sentence
New York Times
HONG KONG — Lee Jae-yong, heir to South Korea's Samsung corporate empire, is due to be freed from prison after an appeals court on Monday reduced the sentence given to him last year for bribery, embezzlement and other charges. The decision is a blow ...

Reuters
Lloyds Bank to ban credit card owners from buying cryptocurrencies
Reuters
(Reuters) - Lloyds Banking Group Plc (LLOY.L) said on Sunday it would ban its credit card customers from buying Bitcoin and other cryptocurrencies. Representation of the Bitcoin virtual currency standing on the PC motherboard is seen in this ...

Bloomberg
Broadcom Plans to Boost Qualcomm Bid to $120 Billion
Bloomberg
Broadcom Ltd. plans to raise its bid for Qualcomm Inc. to around $120 billion, according to a person with knowledge of the matter, trying to force its target to come to the table in what would be the largest-ever technology deal. The chipmaker is ...

Caixin Global
China Probes US Sorghum Exports
Caixin Global
Farmers harvest sorghum in Waukomis, Oklahoma in 2016. Since 2013, the U.S. has exported over half of its sorghum production, China's Ministry of Commerce said. Photo: IC. *Ministry of Commerce investigates U.S. sorghum exports to China. *Says it has ...

Bloomberg
Tesla Tapped by Australia Anew in Virtual Power Plant Plan
Bloomberg
South Australia plans to roll out solar panels and Tesla Inc. batteries to at least 50,000 homes to form what its government says will be the world's largest virtual power plant. Beginning with a trial of 1,100 public housing properties, 5 kilowatt ...

Bloomberg
Global Equity Slump Deepens as Rate Fears Grow: Markets Wrap
Bloomberg
Asian equities fell and U.S. stock futures headed lower, extending the biggest selloff for global stocks in two years as investors adjusted to a surge in global bond yields. Shares sank across the region, with Japan's benchmarks falling the most in 15 ...

Forbes
What Is The Difference Between Bitcoin and Ethereum?
Forbes
Last year, thanks to stratospheric rises in value, lots of people became aware of the existence of Bitcoin, as well as another often-cited up-and-coming cryptocurrency, Ethereum. By market cap they are the two most valuable cryptocurrencies – as of ...

U.S. News & World Report
World Shares Extend Global Losses After Wall Street's Rout
U.S. News & World Report
A man walks past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Monday, Feb. 5, 2018. Asian shares opened sharply lower on Monday, extending global stock losses after Wall Street's big selloff as investor anxiety ...

South China Morning Post
China to stamp out cryptocurrency trading completely with ban on foreign platforms
South China Morning Post
China is to block all websites related to cryptocurrency trading and initial coin offerings (ICOs) – including foreign platforms – in a bid to finally quash the market completely. “To prevent financial risks, China will step up measures to remove any ...

CNBC
Department store chain Bon-Ton files for bankruptcy protection
CNBC
Bon-Ton Stores on Sunday filed for Chapter 11 bankruptcy protection, making it the largest retailer to do so thus far in 2018. The regional department store chain, which has dual headquarters in Milwaukee, Wisconsin and York, Pennsylvania, has been ...

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