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Bitcoin slips to around $16,300, futures volumes drop

Tue, 12 Dec 2017 03:27:51 -0500

SINGAPORE (Reuters) - Virtual currency bitcoin dipped slightly from the previous session's record highs on Tuesday, after a month of whirlwind and volatile gains leading up to the launch of bitcoin futures on the weekend.(image)

Trump's push to cut federal jobs has modest impact, mostly in defense

Tue, 12 Dec 2017 07:05:08 -0500

WASHINGTON (Reuters) - President Donald Trump's campaign to shrink the "bloated federal bureaucracy" so far has made a small dent in the federal workforce, and that largely because of a decline in civilian defense jobs.(image)

Futures flat with all eyes on Fed meet; Brent tops $65

Tue, 12 Dec 2017 07:37:48 -0500

(Reuters) - U.S. stocks were set to open flat on Tuesday ahead of a two-day meeting of the Federal Reserve that is widely expected to bump up the benchmark interest rate for the third time in a year as it continues to unwind its post-crisis stimulus.(image)

Oil hits two-and-a-half year high on pipeline shutdown, stocks take breather

Tue, 12 Dec 2017 06:35:09 -0500

LONDON (Reuters) - Oil prices jumped to their highest in more than two years on Tuesday after the shutdown of a North Sea pipeline knocked out significant supply from an already tightening market.(image)

Comcast drops bid for Fox assets, leaving Disney in pole position

Tue, 12 Dec 2017 07:23:47 -0500

(Reuters) - Comcast Corp said on Monday it had abandoned its bid for most of the assets of Rupert Murdoch’s Twenty-First Century Fox Inc, leaving Walt Disney Co as the sole suitor in pursuit of the $40 billion-plus deal.(image)

PepsiCo makes biggest public pre-order of Tesla Semis: 100 trucks

Tue, 12 Dec 2017 07:21:53 -0500

SEATTLE (Reuters) - PepsiCo Inc has reserved 100 of Tesla Inc's new electric Semi trucks, the largest-known order of the big rig, as the maker of Mountain Dew soda and Doritos chips seeks to reduce fuel costs and fleet emissions, a company executive said on Tuesday.(image)

German watchdog orders recall of 57,600 VW Touareg SUVs

Tue, 12 Dec 2017 07:22:11 -0500

HAMBURG (Reuters) - Germany's KBA automotive watchdog said it has ordered Volkswagen to recall 57,600 diesel models of its Touareg sport-utility vehicle (SUV) after detecting two illicit emission-control devices in tests.(image)

European property giant makes $16 billion bet on U.S. shopping malls

Tue, 12 Dec 2017 08:14:49 -0500

SYDNEY/MELBOURNE (Reuters) - Unibail-Rodamco, Europe's biggest property group, has agreed to buy shopping mall owner Westfield Corp for $16 billion, marking the biggest takeover of an Australian company and a shift in global retail property to counter online shopping.(image)

Sanofi investors hungry for drug progress and deal news

Tue, 12 Dec 2017 06:46:38 -0500

PARIS (Reuters) - Sanofi still needs to convince markets it can deliver on an exciting and sustainable growth path as it contends with fresh difficulties in its vaccines arm and looks set for another gloomy year in diabetes, investors told Reuters.(image)

Bitcoin exchange Bithumb says 'right' regulations in South Korea would boost market

Tue, 12 Dec 2017 05:32:58 -0500

SEOUL (Reuters) - The Seoul-based operator of the world's busiest virtual currency exchange Bithumb said on Tuesday it will fully comply with potential regulations from the South Korean government and adequately capitalize itself to protect its clients.(image)