Business & Economics
Volatile bitcoin briefly drops below $10,000
Opera, dancing, advice inside Tony's Meat Market
Bitcoin machines a hit in Hong Kong - ASEAN/East Asia
Poll shows public support for tax bill rising as GOP touts positive effects
Another HQ2? Apple plans a new corporate campus in a U.S. city
Bitcoin prices plunge as South Korea says ban still an option
Dow posts first close above 26,000 amid Wall Street records
Regulator intensifies checks on insurance companies
2018-01-18 02:30:48 The country's top insurance regulator on Wednesday released an action plan to resolve major risks in the industry, vowing to tighten regulation of insurers' shareholders, and to take action against poor corporate governance and risky capital management and investment. The regulator has set a three-year period to accomplish the tasks, including preventing systemic risk, cracking down on illegal businesses and taking more effective measures against foreign insurers that fail to meet solvency requirements and to address long-delayed problems, according to the plan posted by the China Insurance Regulatory Commission on its website   Read More ...
Iowan Narrowly Escapes BitCoin Hype Ponzi Scheme
2018-01-18 02:13:48 ELKHART, Iowa -- Though it's been around for a few years, crypto currency like Bit-Coin is just now working its way into mainstream culture; and when there is a new trend there are people trying to run schemes off the hype, as one Iowan found out. Bit-Coin is essentially a made-up currency, it doesn't have any physical money or government backing it   Read More ...
Paymark sold to French company for $190 million
2018-01-18 02:11:41 The country's biggest electronics payments network will be sold to a French company. Paymark, which is owned by our four big retail banks ANZ, ASB, BNZ and Westpac, has been sold to the Paris-based Ingenico Group for $190 million. Ingenico already supplies terminals to the New Zealand market and operates payment systems in 170 countries. The banks had been reviewing their ownership of Paymark over the past year after receiving offers to buy it   Read More ...
House prices up 5.8 percent, but market still subdued
2018-01-18 02:11:37 Median house prices across the country rose 5.8 percent to $550,000 at the end of 2017, but economists say lending restrictions and political uncertainty have sapped some heat out of the market. The Real Estate Institute's (REINZ) latest survey indicates house prices were mixed across New Zealand, with half of the regions reporting falls last month, while the volume of sales was also down   Read More ...
BRIEF-Obsidian Energy Comments On Statement By Frontfour Capital Group Llc
2018-01-18 02:08:55 Jan 17 (Reuters) - Obsidian Energy Ltd: * OBSIDIAN ENERGY COMMENTS ON STATEMENT BY FRONTFOUR CAPITAL GROUP LLC * CONFIRMS IT IS AWARE OF A STATEMENT BY FRONTFOUR CAPITAL GROUP REGARDING THEIR VIEWS ON DIRECTION OF COMPANY * OBSIDIAN ENERGY‘S CORPORATE STRATEGY HAS UNANIMOUS SUPPORT OF BOARD OF DIRECTORS * BOARD INTERVIEWED CANDIDATES PROPOSED BY FRONTFOUR AND MUTUALLY AGREED TO   Read More ...
Volatile bitcoin briefly drops below $10,000
2018-01-18 02:06:13 New York: The volatility of the digital currency markets was on display again Wednesday, as bitcoin briefly fell below $10,000 (Dh36,700) before rebounding back above $11,000 in the US afternoon. With the drop below $10,000, bitcoin had lost about half its value since hitting a high above $19,000 in mid-December. Other digital currencies bounced around as well. Bitcoin has slumped 20 per cent this week as traders worry that regulators in South Korea will crack down on trading of digital currencies   Read More ...
Opera, dancing, advice inside Tony's Meat Market
2018-01-18 02:04:05 VIDEO: In the heart of Roslindale sits a throwback in time with a very modern look: an Italian meat market where the owner serves up so much more than quality meat.   Read More ...
Bitcoin machines a hit in Hong Kong - ASEAN/East Asia
2018-01-18 02:02:39 HONG KONG: A banner that reads “Mining Specialist” stands out from among all the stores selling X-Box games, comic books, action hero figurines and video game consoles. Roy Chen sells computer hardware specially configured for the complex calculations required to mine bitcoin and other forms of cryptocurrencies, having made the switch from selling everyday laptops and personal computers a year ago   Read More ...
Big swings continue as bitcoin briefly dips below $10,000
2018-01-18 01:46:47 NEW YORK (AP) -- The volatility of the digital currency markets was on display again Wednesday, as bitcoin briefly fell below $10,000 before rebounding back above $11,000 in the U.S. afternoon. With the drop below $10,000, bitcoin had lost about half its value since hitting a high above $19,000 in mid-December. Other digital currencies bounced around as well. Bitcoin has slumped 20 percent this week as traders worry that regulators in South Korea will crack down on trading of digital currencies   Read More ...
Apple to hire 20,000 new employees, open second headquarters
2018-01-18 01:46:21 Apple, which has come under major criticism for building much of its popular products in China, announced a sweeping set of moves partially tied to the recent tax bill, including paying $38 billion in taxes from profits made overseas and opening a second corporate campus. The iPhone maker said it will spend $55 billion with domestic suppliers and manufacturers in 2018 and will create over 20,000 new jobs through hiring at existing Apple campuses and a new one for technical support   Read More ...
Manufacturing, textile, health, education, tourism get lion’s share of proposals: Amit Mitra
2018-01-18 01:36:43 Of the Rs 1.29 lakh crore in investments for the state that Chief Minister Mamata Banerjee announced on Wednesday, Rs 1.56 lakh crore is for the manufacturing and infrastructure sector, said state Finance Minister Amit Mitra. Addressing reporters on the second and concluding day of the fourth Bengal Global Business Summit (BGBS), Mitra announced that the state government has also adopted several new policies to facilitate industries in the state   Read More ...
Taxpayers owe private firms £199bn for PFI deals
2018-01-18 01:34:07 Taxpayers still owe private contractors £199bn for deals signed under the Private Finance Initiative (PFI), a spending watchdog says. The National Audit Office (NAO) found 716 public projects were active under PFI and its successor PF2, with annual costs amounting to £10.3bn in 2016/17. This was despite a lack of evidence to show they offered better value than public procurement, it said   Read More ...
US carmakers have a remedy for slower sales: pickups and more pickups
2018-01-18 01:30:38 DETROIT: Overall U.S. new vehicle sales could fall for the second year in a row in 2018, but Detroit's automakers are betting they can sell more high-margin pickup trucks and sport utilities to prop up profits. At this week's Detroit auto show, auto industry executives and economists predicted that overall car and light truck sales will fall to about 16.8 million vehicles this year from about 17   Read More ...
War on financial risk to continue
2018-01-18 01:30:19 The war on financial risks will continue this year in China, with renewed efforts to crack down on shadow banking activities and further rectification of financial irregularities, said the head of the nation's banking regulator. "We need to focus on lowering corporate debt ratios, restricting household debt, strictly standardizing cross-sector financial products, and continuing to dismantle shadow banking activities," said Guo Shuqing, chairman of the China Banking Regulatory Commission, in a recent interview with the People's Daily   Read More ...
France's Ingenico eyes broader services with Paymark deal
2018-01-18 01:17:51 France's Ingenico eyes broader services with $190M Paymark acquisition By Paul McBeth. Jan. 18 (BusinessDesk) - French payments systems provider Ingenico plans to integrate New Zealand's Paymark payment network with its recently acquired Bambora business to offer a broader array of services to local retailers and financial institutions. Paris-based Ingenico will pay $190 million for Paymark, which has more than three-quarters of New Zealand's electronic point of sale terminals, ending a two-year sales process run by owners ANZ Bank New Zealand, ASB Bank, Bank of New Zealand and Westpac New Zealand   Read More ...
New ballot proposals seek to protect owners of Colorado oil and gas rights
2018-01-18 01:15:43 Colorado’s history of ballot fights over the future of the oil and gas industry is heating up again, with the Colorado Farm Bureau filing a set of ballot proposals aiming to protect private property owners from lost income if drilling is banned. The six proposals, filed last week and numbered 108 through 113, seek to change the Colorado Constitution. In various formats, the proposals call for the property owner to be compensated if rules or regulations reduce the value of mineral rights   Read More ...
Aetna in $17M settlement for HIV privacy breach
2018-01-18 01:15:13 Popular Stories Aetna Inc. agreed to pay $17.2 million to settle a class-action lawsuit over a July mailing that breached the HIV privacy of thousands of the health insurer’s customers, attorneys for the plaintiffs said Wednesday. The breach is believed to be the world’s largest involving HIV privacy, the attorneys said. The bulk of the class members — 11,875 Aetna customers who received a benefits notice in an envelope with a large plastic window that could have exposed their HIV status to mail carriers, roommates, neighbors, and family members — will receive an automatic payment of $500   Read More ...
Did Bitcoin just burst? How it compares to history's big bubbles
2018-01-18 01:12:30 Bitcoin's recent wobbles have given fresh urgency to a question that's gripped market observers for much of the past year: Will the cryptocurrency go down as one of history's most infamous bubbles, alongside tulipmania and the dot-com craze? The magnitude of Bitcoin's boom (before it lost as much as 50 per cent from its December 18 high) suggests investors have reason to be worried   Read More ...
EMERGING MARKETS-Brazil stocks rise on foreign inflows, news events
2018-01-18 01:12:30 (Updates prices, adds Mexico markets) In the first nine sessions of 2018, the Bovespa registered 3.584 billion reais ($1.11 billion) in inflows, well above the 2.2 billion reais registered in the same period last year. Analysts and investors say the trend is continuing, buoyed by high foreign liquidity levels and a continually improving Brazilian economy. “Given that foreign assets are rather exhausted, and among emerging markets Brazil was a little behind, we have this inflow of capital,” said Carlos Eduardo Eichhorn, head of investment management at Mapfre Investimentos   Read More ...
BRIEF-Walter Investment Management Says Prepackaged Chapter 11 Plan Approved By Court
2018-01-18 01:12:26 Jan 17 (Reuters) - Walter Investment Management Corp : * WALTER INVESTMENT MANAGEMENT CORP. PREPACKAGED CHAPTER 11 PLAN APPROVED BY COURT * WALTER INVESTMENT MANAGEMENT CORP - IS ON TRACK TO COMPLETE ITS FINANCIAL RESTRUCTURING IN Q1 OF 2018 * WALTER INVESTMENT MANAGEMENT - EXPECTS TO EMERGE FROM CHAPTER 11 BY NO LATER THAN JANUARY 31, 2018, AFTER CONDITIONS TO   Read More ...
Cboe gets nod to challenge NYSE, Nasdaq for closing stock orders
2018-01-18 01:12:13 NEW YORK (Reuters) - The Securities and Exchange Commission on Wednesday approved a proposal from No. 2 U.S. stock exchange operator Cboe Global Markets Inc () to compete for end-of-day orders for stocks listed on the New York Stock Exchange and Nasdaq Inc (). The approval breaks what has effectively been a duopoly on the stock market close, one of the busiest and most lucrative trading periods of the day, by the Intercontinental Exchange Inc-owned () NYSE and Nasdaq   Read More ...
Fed fines Taiwan's Mega Bank $29 million for anti-money laundering failures
2018-01-18 01:12:05 WASHINGTON (Reuters) - The U.S. Federal Reserve Board said on Wednesday it had fined Taiwan’s Mega International Commercial Bank Co. $29 million for anti-money laundering violations and required the company to improve its anti-money laundering oversight and controls. The Fed said its most recent 2016 inspection of the Taiwanese bank revealed “significant deficiencies” at its U.S. banking operations risk management and compliance controls relating to anti-money laundering and bank secrecy laws   Read More ...
Inside the feral animal trade
2018-01-18 01:11:58 Fancy working under the stars, camping out for weeks on end and staring down savage cats, snarling dogs and charging boars? It's all in a night's work for the clutch of Aussies who've built small businesses in the feral animal control sector. Until recently, their number included Stephen Andrew, the former feral pig shooter and weapons dealer who won the seat of Mirani for One Nation at the Queensland elections last November   Read More ...
Aussie dollar tops US80¢ to hit four-month high
2018-01-18 01:11:41 The Australian dollar pushed above US80¢ early Thursday morning, extending a powerful upswing in the currency that has seen it climb US5 cents in a little over a month. The currency is now at around a four-month high against its US counterpart. The Aussie spiked as high as US80.2 cents as traders on Wall Street fretted over the potential for a US government shutdown should policymakers prove unable to agree on a long-term funding plan by the Friday deadline   Read More ...
Budget 2018-19: This year, pre-poll pursestrings may not loosen
2018-01-18 01:08:36 Written by Aanchal Magazine | New Delhi | Updated: January 18, 2018 5:13 am THE LAST full Budget presented in an election year typically witnesses an expenditure spike, as was the case before the last two Lok Sabha polls in 2008-09 and 2013-14. However, as the NDA government finalises its last full Budget before the general elections next year, the room for that expenditure is severely restricted, given the uncertainty over revenue mainly due to dipping GST collections and rising global crude oil prices   Read More ...
Trade groups form coalition as travelers skip U.S.
2018-01-18 01:08:15 As more international travelers decide to skip the United States, 10 business associations, including the U.S. Chamber of Commerce and the National Restaurant Association, have created a travel industry group aimed at reversing the growing unpopularity of the U.S. as a vacation destination. Historically, the U.S. had only to sit back and let foreign tourists and their money roll in. Over the past few years, though, that gravy train has begun to dry up, a trend that accelerated as President Donald Trump began to make good on campaign promises to restrict immigration   Read More ...
Bitcoin investors seek refuge from volatility in gold
2018-01-18 01:08:08 Amid the wild Bitcoin ride that’s wiped more than 40 percent off the cryptocurrency’s price in a month, a pattern may be emerging: sellers are switching out of digital gold and into the real thing. Bullion dealer Sharps Pixley, a subsidiary of Europe’s largest precious metal coin and bar outlet, regularly sees trades north of a million pounds, while sales of gold coins at Frankfurt-based CoinInvest jumped fivefold as the largest digital asset collapsed after surging 1,400 percent last year, according to Director Daniel Marburger   Read More ...
Mark Zuckerberg says DACA situation is 'a basic question of whether our government works'
2018-01-18 01:07:45 Facebook CEO Mark Zuckerberg is expressing optimism that the situation surrounding the Deferred Action for Childhood Arrivals (DACA) will be resolved, noting that it is "a basic question of whether our government works." In a Facebook post Wednesday, Zuckerberg, who has weighed in on the DACA issue before, urged people to call their representatives in Congress and learn about the issue   Read More ...
Insurance for when you can't tick either the 'male' or 'female' box on the form
2018-01-18 01:05:40 Southern Cross has changed its insurance application forms so people who identify as neither male or female don't feel excluded. It's earned the insurer a Rainbow Tick, a mark given to employers who prove they are operating inclusive workplaces. Rainbow Tick's Michael Stevens said he believed it was the first time a New Zealand insurer had recognised on its application forms that not every Kiwi can tick either the male or female boxes traditionally presented to insurance seekers   Read More ...
Big swings continue as bitcoin briefly dips below $10,000
2018-01-18 01:04:15 NEW YORK -- The volatility of the digital currency markets was on display again Wednesday, as bitcoin briefly fell below $10,000 before rebounding back above $11,000 in the U.S. afternoon. With the drop below $10,000, bitcoin had lost about half its value since hitting a high above $19,000 in mid-December. Other digital currencies bounced around as well. Bitcoin has slumped 20 per cent this week as traders worry that regulators in South Korea will crack down on trading of digital currencies   Read More ...
Poll shows public support for tax bill rising as GOP touts positive effects
2018-01-18 00:42:58 WASHINGTON (Sinclair Broadcast Group) — Republicans say evidence is mounting that tax cuts passed in December are already benefiting the economy and proving their Democratic critics wrong about the legislation’s impact. The Tax Cuts and Jobs Act slashed corporate taxes from 35 to 20 percent and doubled the standard deduction for individuals and couples while eliminating most other deductions. Democrats say the wealthy and big businesses will see the vast majority of the savings, but Republicans predict it will boost the economy overall   Read More ...
Shorts on top as January Cboe bitcoin futures settle
2018-01-18 00:42:05 NEW YORK (Reuters) - Bitcoin was seen as coming to the big leagues with the launch of U.S. futures trading in December. For those keeping score at home, the first round of this series was a resounding win for bitcoin bears over the bulls. With the first contract expiring on Wednesday, the hedge funds and other speculative investors that took out bets that bitcoin was due for a pullback have likely made a handsome profit   Read More ...
This Minnesota mom conquered her online shopping addiction by renting designer clothes
2018-01-18 00:36:58 Once upon a time, I was an underpaid magazine journalist with expensive taste. Saturdays were spent scouring Twin Cities thrift stores and upscale consignment shops for deals on designer wear. Proudest discoveries include a gauzy Oscar de la Renta dress ($70), a painted Pauline Trigère frock ($60) and an asymmetrical Yohji Yamamoto jacket plucked from an overstuffed rack of wrinkled castoffs ($25; regular price, maybe $800)   Read More ...
Union Bankshares reports FY 2017 financial results
2018-01-18 00:28:11 Vermont Business Magazine Union Bankshares, Inc (NASDAQ:UNB), based in Morrisville, today announced results for the three and twelve months ended December 31, 2017. Consolidated net income for the three months ended December 31, 2017 was $1.9 million, or $0.43 per share, compared to $2.3 million, or $0.53 per share, for the same period in 2016, and $8.4 million, or $1.89 per share, for the year ended December 31, 2017, compared to $8   Read More ...
50 businesses named as Best Places to Work in Vermont 2018
2018-01-18 00:27:53 Vermont Business Magazine Vermont Business Magazine and the Vermont Chamber of Commerce announced today the top 50 Best Places to Work in Vermont 2018. The awards program was created in 2006 and is presented in partnership with the Society for Human Resource Management, Vermont State Council, (SHRM), the Vermont Department of Labor and the Vermont Department of Commerce and Community Development and Best Companies Group   Read More ...
Red meat, poultry export and import forecasts for 2018 unchanged
2018-01-18 00:25:30 US - Last Friday, the Bureau of Labor Statistics (BLS) released the monthly Consumer Price Index (CPI) for December 2017, reports Steiner Consulting Group, DLR Division, Inc. Prices of a limited number of meat and poultry packaged items are collected from retail establishments by BLS. USDA’s Economic Research Service uses those retail cut prices to derive estimated monthly beef and pork prices   Read More ...
Bitcoin falls below $10,000 as virtual currency bubble deflates
2018-01-18 00:23:39 SAN FRANCISCO: The air has been swiftly leaking out of the virtual currency bubble. A decline in virtual currency prices that began before Christmas has picked up pace in recent days as concern has grown that governments could crack down on the new industry. The price of bitcoin dipped below $10,000 on Wednesday, taking it to about half what it was at its peak last month   Read More ...
Swedish Engine Plant Is Volvo's First Climate-Neutral Manufacturing Site
2018-01-18 00:23:21 Volvo Cars' engine factory in Skovde, Sweden, has become the company's first climate-neutral manufacturing plant, having switched to renewable heating as of January 1, 2018. Skovde is the first plant in Volvo's global manufacturing network to reach this status, which marks a significant step towards the company's vision of having climate-neutral global manufacturing operations by 2025. Skovde also becomes one of only a few climate-neutral automotive plants in Europe   Read More ...
Hyundai Pledges 45,000 Hires, $22 Billion Investment Over 5 Years
2018-01-18 00:23:06 South Korea's Hyundai Motor Group pledged to hire about 45,000 people over the next five years amid an emphasis on jobs by the government, but analysts doubted if the conglomerate would meet the goal as it was eyeing cost cuts to counter sluggish sales. South Korea's finance ministry announced on Wednesday Hyundai's plan for hiring and investing about 23 trillion won ($21   Read More ...
Ex-Cisco CEO John Chambers jumps into venture capital
2018-01-18 00:22:27 John Chambers, the ex-CEO of Cisco who spent 20 years running the networking giant before stepping down in 2015, is turning his attention to venture capital. The self-funded firm, , will back at least a dozen companies that have the potential to go public, according to multiple media reports. Chambers will focus on areas like the Internet of Things, digital communications, security and agriculture   Read More ...