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Bitcoin futures surge past $18,000; Asian shares firm

SYDNEY 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.

Recent Business News

Britain's Labour Party looks to move some BoE functions away from London

Britain's Labour Party is considering moving some of Bank of England's functions to Birmingham, from its current home in Threadneedle Street in the City of London, according to an interim report on the British financial system released on Sunday.

Dec 10 2017

Thyssenkrupp makes offer to workers for Tata Steel deal: sources

BERLIN Thyssenkrupp has offered workers commitments on jobs and investments to get union backing for its deal with Tata Steel to merge their European steel operations, several people close to labor union IG Metall said.

Dec 10 2017

VW executive convicted in U.S. may seek transfer to Germany: Welt am Sonntag

BERLIN Volkswagen executive Oliver Schmidt, convicted in the United States this week for his role in the German carmaker's emissions scandal, may ask to serve his prison sentence in Germany, German weekly Welt am Sonntag reported, citing sources close to Schmidt.

Dec 09 2017

Hotly anticipated bitcoin futures surge 21 percent on debut

NEW YORK/SYDNEY Bitcoin futures jumped more than 20 percent in their eagerly anticipated U.S. debut, which backers hope will encourage wider use and legitimacy for the world's largest cryptocurrency even as critics warn of the risk of a bubble and price collapse.

Dec 10 2017

Bitcoin futures start trading on CBOE exchange

NEW YORK The newest way to bet on bitcoin arrived on Sunday, with futures of the cryptocurrency that has taken Wall Street by storm starting trading for the first time.

Dec 10 2017

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