When picking crypto winners, don’t think long term, Banking & Finance


Tue, Jan 16, 2018 – 4:11 PM JPMORGAN Chase chief executive officer Jamie Dimon retreated last week from his contention that bitcoin is a fraud. Still, he told the Fox Business network that “bitcoin to me was always what the governments are going to feel about bitcoin as it gets really big”. Will governments smash cryptocurrencies, or will cryptocurrencies smash ...

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Carillion: Small firms count the cost of collapse


Media playback is unsupported on your device Media captionThe Carillion collapse: What does it mean? Thousands of small firms working for failed construction giant Carillion are waiting to learn if they will be paid, amid growing fears some could close. Carillion used an extensive network of sub-contractors and local suppliers, paying them almost £1bn a year, according to its latest ...

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Bitcoin: The cryptocurrency’s future in an oversaturated market | City & Business | Finance


The cyber currency is getting close to all of its 21 million “coins” being mined and some argue it could happen within five years – over 16,800,000 coins have been mined as of January 13. Once all of the bitcoins are mined it means supply cannot grow, despite growing demand. In contrast, the cryptocurrency ‘ripple’ allows miners to create a ...

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Trump close to decision on Fed vice chair pick: administration official | Business


A police officer keeps watch in front of the U.S. Federal Reserve building in Washington, DC, US, October 12, 2016. REUTERS/Kevin Lamarque/Files NASHVILLE: US President Donald Trump is close to making a decision on who to nominate as vice chair of the Federal Reserve, an administration official said on Monday. The position became vacant in October after veteran central banker ...

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Ford to boost investment in electric cars by 2022


Image copyright Getty Images Image caption Ford used the show to unveil its new Ranger 2019 pick-up truck Ford says it will boost its investment in electric vehicles to $11bn (£8bn) in the next five years, more than doubling a previous commitment. Chairman Bill Ford said the car maker would have 40 hybrid and fully electric vehicles in its range ...

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Ripple price LIVE: XRP suffers $7BILLION loss in market share | City & Business | Finance


The market cap of Ripple fell from £57billion ($79billion) on Saturday to about £52billion ($72billion) at midnight on Sunday night, according to CoinMarketCap. The price of Ripple’s currency XRP suffered similar hits, dropping from a weekend high of £1.49 ($2.05) to open today at just £1.35 ($1.86). The unexpected fall comes after the announcement of a partnership between Ripple and ...

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Toymaker Lego teams up with Chinese internet giant Tencent


COPENHAGEN (Reuters) – Danish toymaker Lego is teaming up with Chinese internet giant Tencent Holdings Ltd (0700.HK) to jointly develop online games and potentially a social network aimed at Chinese children. Privately-owned Lego has seen a slowdown in sales growth in recent years, but the Chinese market has been a bright spot with sales growing 25-30 percent in 2016. It ...

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Govt plans to sell off PIA before 2018 elections, says privatisation minister | Business


ISLAMABAD: The federal government will try to privatise the Pakistan International Airlines (PIA) before general elections due this year, privatisation minister Daniyal Aziz said, as the ruling Pakistan Mulsim League-Nawaz (PML-N) seeks to restart sales of state-run businesses. Haemorrhaging money and losing market share to Gulf-based rivals such as Etihad and Emirates, PIA has been hit by management turmoil in ...

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