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→  December 22, 2017

LONDON/TOKYO (Reuters) – Bitcoin plunged below $13,000 (£10,970) on Friday after losing around a third of its value in just five days, with the digital currency on track for its worst week since 2013 after a blistering ascent to a peak close to $20,000 on Sunday. The biggest and best-known cryptocurrency had seen a staggering […]

→  December 21, 2017

(Reuters) – A long-promised bill to slash corporate taxes passed the U.S. Congress but failed to excite Wall Street on Thursday, as investors appeared to lock in gains after a record rally this year in anticipation of the bill. Futures on the Dow 1YMc2 and the Nasdaq NQc2 indicated a flat opening, while SP 500 […]

→  December 20, 2017

LUXEMBOURG (Reuters) – Uber [UBER.UL] should be classified as a transport service and regulated like other taxi operators, the European Union’s top court said in a landmark ruling on Wednesday that could impact other online businesses in Europe. Uber, which allows passengers to summon a ride through an app on their smartphones, has transformed the […]

→  December 19, 2017

(Reuters) – Wall Street’s major indexes were poised to inch higher at the open on Tuesday, building on gains in the past two sessions on rising hopes that the U.S. Congress will vote for the biggest overhaul of the country’s tax system in more than 30 years. The House of Representatives will vote on the […]

→  December 18, 2017

(Reuters) – U.S. stock index futures were higher on Monday, set to push Wall Street to new records, buoyed as the long-awaited tax overhaul plan looked set for legislation and by a flurry of year-end dealmaking topping $10 billion so far. – Top U.S. Republicans said on Sunday they expected Congress to pass the tax […]

→  December 17, 2017

NEW YORK (Reuters) – CVS Corp’s (CVS.N) proposed purchase of Aetna Inc (AET.N) will affect decision-making by a majority of large and mid-size U.S. corporations on employee health benefits, a survey by benefits consultant Aon Plc (AON.N) found. CVS, the second-largest U.S. pharmacy benefit manager, on Dec. 3 said it agreed to buy No. 3 […]

→  December 16, 2017

(Reuters) – Procter Gamble Co (PG.N) said it appointed Nelson Peltz to its board despite the activist investor narrowly losing a months-long proxy fight, the biggest ever involving a U.S. company. The company’s shares were up 1 percent in after-market trading on Friday. Immediately after its annual meeting in mid-October, PG said it beat Peltz […]

→  December 15, 2017

(Reuters) – U.S. stock markets were set to open higher on Friday, recovering from a bout of uncertainty surrounding the passage of the Republicans’ much-awaited tax overhaul bill. – The benchmark SP 500 fell the most in a month on Thursday after Republican Senators Marco Rubio and Mike Lee said they would not back the […]

→  December 14, 2017

LONDON (Reuters) – European shares and the euro dipped on Thursday as cautious comments on inflation from the U.S. Federal Reserve gave investors pause before a series of central bank decisions in Europe. The European Central Bank and the Bank of England are due to announce their final policy decisions of the year later in […]

→  December 13, 2017

LONDON (Reuters) – Global shares were within a whisker of another record high on Wednesday as markets traded on expectations of a third U.S. interest rate hike this year and waited to hear from the Federal Reserve on how many more are likely in 2018. Solid gains in Asia overnight had inched MSCI’s 47-country world […]