Business News - The Last 24 Hours

Bitcoin futures surge past $18,000; Asian shares firm
Reuters - 39 min 28 sec ago
SYDNEY (Reuters) - The craze for cryptocurrencies entered a new chapter on Monday as bitcoin futures rocketed by one-fifth of their value at a closely-watched launch, while Asian shares climbed amid optimism about global growth.
RELATED:
CNBC - Tell us what you think: How will the launch of bitcoin futures affect the cryptocurrency? - 2 hours 43 min ago
Reuters - Bitcoin futures surge past $17,000 on launch day - 2 hours 46 min ago
CNN - Futures trading arrives for bitcoin - 4 hours 45 min ago
BBC - Bitcoin futures trading begins on Cboe exchange in Chicago - 5 hours 32 min ago
COMMENTARY:
Washington Post - Bitcoin futures rise as virtual currency hits major exchange - 57 min 46 sec ago
Fox Business - Bitcoin futures surge past $17,000 on launch day - 1 hour 53 min ago
NY Post - Bitcoin surges after launch of futures exchange - 2 hours 9 min ago
TechCrunch - Bitcoin futures are now tradable on the CBOE - 5 hours 15 min ago
Zero Hedge - CBOE Website Crashes As Futures Trading Begins; Bitcoin Price Squeezed 10% Higher - 6 hours 8 min ago
SCMP - Bitcoin begins trading just as Asian markets open up for the week - 6 hours 28 min ago
BusinessInsider - Betting against bitcoin is about to get a lot more expensive - 8 hours 20 min ago
The Guardian - Traders brace for bitcoin futures launch after wild week for currency - 14 hours 7 min ago
24/7 Wall St. - CBOE Bitcoin Futures Exchange Opens for Trading - 15 hours 50 min ago
Morningstar - Why Bitcoin Might Be a Bubble (but the Tech Will Last) - 18 hours 28 min ago
VIDEO:
CNBC Video - Where's bitcoin headed? - 5 hours 24 min ago



'New sense of optimism' in Brexit talks: PM May
Indiatimes - 1 hour 58 min ago
Under the proposed agreement, Britain will pay a financial settlement of between 35-39 billion pound (40-45 billion euros, $47-52 billion) for leaving the bloc in March 2019.
RELATED:
Bloomberg - Blanchflower Says EU, UK Deal Should Lead to Soft Brexit - 4 hours 38 min ago
New York Times - Ahead of Brexit, Paris Tries a Business Makeover - 9 hours 55 min ago
COMMENTARY:
The Japan Times - May set to hail ‘new sense of optimism’ in Brexit talks after deal clears rough patch - 2 hours 57 min ago
The Guardian - UK business investment on ice until more Brexit progress, warns BCC - 5 hours 27 min ago
Fox Business - Brexit secretary says a no-deal Brexit now less likely - 15 hours 15 min ago
VIDEO:
CNBC Video - 'The softest of soft Brexits' - 6 hours 11 min ago



Bitcoin futures make firm debut, dollar holds gains ahead of Fed
Reuters - 2 hours 58 min ago
SYDNEY (Reuters) - Futures in bitcoin, which has taken global financial markets by storm, swung above their launch price, while the dollar kept gains in Monday's Asian session on expectations the Federal Reserve will stick to its tightening path.
RELATED:
New York Times - A Fed Rate Increase Is Expected. But What Comes Next? - 6 hours 55 min ago
BBC - A political Fed - 8 hours 57 min ago
COMMENTARY:
BusinessInsider - The Fed's massive balance sheet is actually shrinking - 17 hours 13 min ago
VIDEO:
CNBC Video - What to expect from this week's Fed meeting - 5 hours 20 min ago



One of the world's largest shipbuilders names a new CEO days after dire warning on losses
CNBC - 3 hours 11 min ago
Samsung Heavy Industries named Joonou Nam as its new CEO after Park Dae-young resigned for the firm's losses.
COMMENTARY:
Fox Business - Should Potbelly's New CEO Take the Company Private? - 5 hours 56 min ago
BusinessInsider - Slack CEO Stewart Butterfield discusses Microsoft, the booming Nordics, and what's next for his $5 billion company (MSFT) - 20 hours 48 min ago



US tax overhaul's lure could be deceptive
China Daily - 3 hours 28 min ago
People protest against tax reform on Capitol hill in Washington DC, the United States, on Dec 1, 2017. [Photo/Xinhua] Chinese scholars said market expectations should remain objective on Washington's approval of a tax overhaul and they expect its benefits targeting special groups in the United ...
RELATED:
China Daily - US tax cuts excite exporters - 3 hours 28 min ago
Bloomberg - Trump to Make Tax Speech Wednesday - 3 hours 49 min ago
Indiatimes - Mega bitcoin gains come with megabyte tax - 8 hours 58 min ago
COMMENTARY:
Washington Post - ‘Very, very scary’: 8.8 million Americans face big tax hike if Republicans scrap the medical deduction - 6 hours 57 min ago
BusinessInsider - Conservative economists rail against the GOP tax plan - 9 hours 28 min ago
Fox Business - Will the GOP Tax Plan Lead to a Surge in Marijuana Legalizations? - 12 hours 47 min ago
LA Times - As California burns, Congress plans to slash tax write-offs for fires and other disasters - 13 hours 28 min ago



Ford, Changan agree to extend localization efforts
China Daily - 3 hours 28 min ago
Ford Motor Co will accelerate its localization efforts to boost its performance in the world's largest market, according to a deal it signed on Friday with China South Industries Group Corp, the parent company of its joint venture partner Changan Automobile Co. Ford and Changan will continue to deep ...



China's 'orderly deceleration' thrills asset managers
China Daily - 3 hours 28 min ago
China will continue to be one of the key investment destinations next year given its stabilizing economic growth and the structural transition toward a consumption- and service-driven economy, which are expected to generate high returns, international asset managers said. Rick Lacaille, global chief ...
RELATED:
China Daily - China's Belt and Road Initiative to spur green, resilient growth in Africa: Expert - 3 hours 28 min ago
COMMENTARY:
SCMP - It’s time for China’s annual economic check-up: what prescription can we expect from leaders? - 16 hours 27 min ago



Shanghai Disney's Toy Story Land to open next April
China Daily - 3 hours 28 min ago
A Toy Story theme parade inside Shanghai Disneyland. [Photo by Zhang Peijian/For China Daily] Shanghai Disneyland's seventh themed land, Disney Toy Story Land, is set to open on April 26, 2018, the resort announced Thursday. Based on Disney and Pixar's Toy Story franchise, the upcoming land wil ...
COMMENTARY:
Fox Business - Disney's Interest In Fox Is All About Streaming - 6 hours 5 min ago
LA Times - An L.A. Phil reminder that but a mile, and fate, separate Disney Hall from skid row - 8 hours 13 min ago



Morgan Stanley bullish on China growth, eyeing business expansion
China Daily - 3 hours 28 min ago
GUANGZHOU - Morgan Stanley's China CEO Wei Sun Christianson said that the investment bank continues to be bullish on China's growth and will seek business expansion in the country after authorities promised to widen foreign access to the financial sector. "We are not worried about China's growth bec ...



GE to cut 12,000 power jobs globally
China Daily - 3 hours 28 min ago
NEW YORK — General Electric said Thursday it plans to reduce its global headcount by approximately 12,000 jobs at its global power business as part of the industrial conglomerate's efforts to reduce overall structural cost. The company aims to reduce $1 billion in structural cost reduction in 2018 ...



Starbucks plans more mega stores
China Daily - 3 hours 28 min ago
Customers select beverages and food items at the Starbucks Reserve Roastery in Shanghai. The store, which covers 2,700 square meters, is its largest outlet in the world. [Photo by Gao Erqiang/China Daily] New Roastery key element of firm's efforts to tap more affluent customers Starbucks, the w ...
COMMENTARY:
Fox Business - Starbucks Opens Its Second Roastery as It Aims to Move Upmarket - 12 hours 43 min ago



Uber heads to court in fight for London survival
Reuters - 5 hours 25 min ago
LONDON (Reuters) - Uber [UBER.UL] will defend its right to operate in London in a court hearing on Monday after the app was deemed unfit to run a taxi service and stripped of its license in its most important European market.



Take a look at some of the macro mess-ups that drove companies to bankruptcy
Indiatimes - 8 hours 28 min ago
In many cases, the businesses caved in due to lax government response, policy perversions, harsh judicial interventions or even wrong incentives.



Volkswagen Chief Suggests Ending Subsidies for Diesel Cars
New York Times - 9 hours 9 min ago
In a major turnaround, Matthias Müller said that Germany should consider phasing out tax breaks that have encouraged diesel’s popularity in Europe.



The 2017 Toyota C-HR XLE is surprisingly fun to drive for a crossover
CNBC - 11 hours 28 min ago
CNBC reviews the 2017 Toyota C-HR XLE SUV.



North Korea made progress on missile but getting paranoid: Nikki Haley
Indiatimes - 11 hours 58 min ago
Donald Trump last month declared North Korea a state sponsor of terrorism, a move that allows the Trump administration to impose additional sanctions.
COMMENTARY:
The Japan Times - U.S. wants world to isolate North Korea, so what’s that mean? - 57 min 45 sec ago



Mix-and-match health coverage can be a risky alternative to Obamacare
CNN - 12 hours 19 min ago
Health insurance à la carte?
COMMENTARY:
Fox Business - What Is the Obamacare "Death Spiral" -- and Can It Be Stopped? - 12 hours 10 min ago
Naked Capitalism - Churning, Confusion And Disruption — The Dark Side Of the ObamaCare Marketplace - 18 hours 32 min ago



Brexit: David Davis wants 'Canada plus plus plus' trade deal
BBC - 12 hours 24 min ago
The Brexit secretary says he wants a tariff-free trade deal, as Labour suggests paying for market access.



Trump Wants Washington Post Reporter Fired Over Misleading Tweet
New York Times - 13 hours 14 min ago
The president said the reporter, Dave Weigel, should be fired for a photo he posted on Twitter of a sparsely filled arena before a rally for the president in Florida.
COMMENTARY:
LA Times - Trump rails against news media in tweets: 'A stain on America!' - 6 hours 49 min ago



India to seek permanent solution to food stock issue at WTO
Indiatimes - 18 hours 58 min ago
The G33 is a grouping of 47 developing countries having common objectives and similar concerns. It has been at the forefront in taking forward issues affecting food security of farmers.



Apple 'to buy Shazam for $400m'
BBC - 19 hours 20 min ago
The music recognition app already makes most of its money by referring music buyers to Apple's iTunes.
COMMENTARY:
Fox Business - Apple May Soon Get Another OLED Display Supplier - 8 hours 28 min ago



India should aim at 7.5% growth in 2 years: YV Reddy, Ex-RBI Governor
Indiatimes - 20 hours 28 min ago
Reddy said the economy was helped by a positive shock for almost three years on account of the drop in oil prices, which were at a third of what they were doing during his governorship.



Century Real Estate to invest Rs 1,100 crore in low-cost homes
Indiatimes - 23 hours 58 min ago
The company also plans to launch about 1,350 plots next year in two projects and expects a sales realisation of about Rs 600 crore, its managing director Ravindra Pai said.



Narendra Modi committed to moving India to lower carbon renewable energy future: World Bank
Indiatimes - 23 hours 58 min ago
Prime Minister Modi is very personal, very public and very strong support of moving India to a lower carbon renewable energy future, said World bank President Jim Yong Kim.



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