Comments Off on SEC says bitcoin funds raise ‘investor protection issues’
(Reuters) – The U.S. securities regulator on Thursday raised alarm about the safety of bitcoin-themed investments, telling the fund industry they want answers to their concerns before endorsing more than a dozen proposed products based on cryptocurrencies.
Comments Off on Dollar hurt by U.S. shutdown fears, Treasury yields at highest since 2014
LONDON (Reuters) – The dollar wallowed near three-year lows on Friday as heightened fears of a U.S. government shutdown unnerved investors, while U.S. Treasury yields continued an upward march to hit their highest levels since September 2014.
Comments Off on South Korean group files complaint against Apple CEO over iPhone slowdown
SEOUL (Reuters) – A South Korean consumer group has filed a criminal complaint against Apple Inc CEO Tim Cook over slower iPhone devices, after probes in Europe into allegations the firm had deliberately shortened the life of its handsets.
Comments Off on Exclusive: U.S. puts HNA deals on ice until it gets ownership info – source
NEW YORK (Reuters) – The U.S. government will not approve any investment by HNA Group until the Chinese conglomerate, which has been scrutinized around the world over its ownership structure, provides adequate information on who its shareholders are, a source familiar with the situation said.
Comments Off on Tax overhaul leads AmEx to first loss in 26 years, buyback suspension
(Reuters) – Credit card issuer American Express Co posted its first quarterly loss in 26 years and said it would not buy back shares for the next six months, both due to the impact of the recently enacted U.S. tax reform.
Comments Off on HSBC to pay $100 million to settle U.S. probe into currency rigging
(Reuters) – HSBC Holdings Plc on Thursday agreed to pay $101.5 million to settle a U.S. criminal probe into the rigging of currency transactions, which has already led the conviction of one of its former bankers.