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Strong China data cranks up pressure on bond markets

LONDON Strong Chinese data on Thursday kept world stocks hovering near record highs, as bond markets pushed U.S. Treasury yields - the benchmark for global borrowing costs - to a 10-month high.

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Regulatory fears hammer bitcoin below $10,000, half its peak

LONDON/TOKYO Bitcoin fell as much as 20 percent on Wednesday, piercing below $10,000, while other cryptocurrencies took similar spills due to investor fears that regulators could clamp down on them in an effort to curb speculation. | Video

Jan 17 2018

Apple plans new U.S. campus, to pay $38 billion in foreign cash taxes

Apple Inc will open a new campus as part of a five-year, $30 billion U.S. investment plan and will make about $38 billion in one-time tax payments on its overseas cash, one of the largest corporate spending plans announced since the passage of a tax cut signed by U.S. President Donald Trump. | Video

Jan 17 2018

Verizon says new U.S. tax law to increase fourth-quarter earnings

NEW YORK Verizon Communications Inc said on Wednesday the tax overhaul bill signed into law by U.S. President Donald Trump late last year will result in a one-time reduction in net deferred income tax liabilities of about $16.8 billion.

Jan 17 2018

FTC investigating Broadcom for antitrust practices

The Federal Trade Commission (FTC) is investigating whether chipmaker Broadcom Ltd engaged in anticompetitive tactics in negotiations with customers, the company said on Wednesday.

Jan 17 2018

Peugeot CEO outlines ambitious plan to re-enter U.S., go electric

DETROIT Peugeot SA Chief Executive Carlos Tavares said on Wednesday the French automaker is using the know-how of former Opel engineers acquired from General Motors Co to develop vehicles to re-enter the U.S. market, and said Peugeot will offer electrification as an option on all its vehicles by 2025.

Jan 17 2018


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