Friday, December 1st, 2017

 

Bitcoin job postings are surging on LinkedIn as price soars

NEW YORK, Dec 1 — There’s a hot new skill in the job market these days: cryptocurrencies. Bitcoin-related job postings as a proportion of total listings on LinkedIn jumped more than ninefold in the financial services industry over the past…


US stocks pare weekly advance as treasuries rise

NEW YORK, Dec 1 — US stocks pared the best weekly advance of the year and Treasuries edged higher as the Senate prepared to vote on tax cuts a week before Congress must pass a spending bill to avoid a partial government shutdown. The dollar…


Toshiba is said near resolution to Western Digital dispute

TOKYO, Dec 1 — Toshiba Corp and Western Digital Corp are close to settling their legal dispute under an agreement that the US company will drop efforts to block Toshiba’s US$18 billion (RM73.6 billion) sale of its flash-memory business in…


Kemp: Saudi Arabia and Russia reach compromise on oil pact

LONDON, Dec 1 — Ministers from Opec and their allies have agreed to extend their production pact all the way to the end of 2018 but with a review in June that will take into account market conditions and progress towards rebalancing. The…


Malaysia able to pay off external debts, says minister

KUALA LUMPUR, Dec 1 ― Malaysia has a strong economy to pay off all the external debts and the nation’s sovereignty cannot be compromised, said Minister of International Trade and Industry Minister, Datuk Seri Mustapa Mohamed. “Malaysia is…


Royal Bank of Scotland restructures further

LONDON, Dec 1 — Royal Bank of Scotland is shutting 259 branches and cutting hundreds more jobs, the state-rescued lender said today, one day after it announced the closure of its ‘bad bank’ operation. RBS is undergoing huge restructuring…


Lufthansa offers EU concessions over Air Berlin asset buy

BRUSSELS, Dec 1 — German airline Lufthansa has offered concessions to try to allay competition concerns about its plan to buy Air Berlin assets, EU antitrust regulators said today. The European Commission, concerned about Lufthansa’s…


Carrefour and Fnac Darty discussing purchasing alliance, says report

PARIS, Dec 1 — French retailers Carrefour and Fnac Darty are discussing an alliance to negotiate better terms when purchasing from electronics suppliers, French finance website BFM Business reported today. Carrefour declined to comment, but a…


Sterling slips from two-month high on Irish border worries

LONDON, Dec 1 — Sterling slipped from a two-month high against the dollar today, getting only a temporary boost from better-than-expected UK manufacturing data, as investors flagged concerns about Britain reaching a deal with the EU over the…


Tencent Music, Spotify in talks to swap stakes, says WSJ

BEIJING, Dec 1 — The music group of China’s Tencent Holdings Ltd and Sweden’s Spotify AB are in talks to swap stakes up to 10 per cent in each other’s businesses ahead of their expected public listings next year, the Wall Street Journal…