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Japan charges Bitcoin exchange CEO with embezzlement Japan charges Bitcoin exchange CEO with embezzlement Japanese prosecutors said Friday that they have charged the head of collapsed Bitcoin exchange MtGox with embezzlement, amid fraud allegations over the disappearance of hundreds-of-millions-of-dollars-worth of the virtual currency.
Bitcoin: Key facts you should know Bitcoin: Key facts you should know Bitcoin is a virtual currency that is created from computer code. Unlike a real-world currency like the US dollar or the euro, it has no central bank and is not backed by any government.
Hong Kong probes bank deposits complainant links to Malaysia PM Hong Kong probes bank deposits complainant links to Malaysia PM Hong Kong police are investigating bank deposits a complainant said were linked to Malaysian Prime Minister Najib Razak, police said on Friday, as a probe into a troubled Malaysian state investment fund widens.
US jobless claims drop; imported inflation remains weak US jobless claims drop; imported inflation remains weak The U.S. labor market appeared to gain momentum in early September as fewer Americans filed for weekly unemployment benefits, but weak inflation pressures may complicate the Federal Reserve`s decision whether to raise interest rates.
GE to sell transportation finance unit to BMO GE to sell transportation finance unit to BMO US industrial conglomerate General Electric said Thursday it would sell the transportation finance unit of its GE Capital to Canada`s BMO Financial Group.
Asian shares get lift from Wall St, dollar steadies Asian shares get lift from Wall St, dollar steadies Asian shares rose on Friday thanks to gains on Wall Street, while the dollar steadied after facing pressure from a rallying yuan and U.S. data that offered no clarity on whether the Federal Reserve might raise interest rates next week.
Oil weakens as Saudi sees no need for oil summit to defend prices Oil weakens as Saudi sees no need for oil summit to defend prices The front-month October contract for Brent, the global oil benchmark, shed 5 cents to USD 48.84 a barrel after it settled up USD 1.31, or 2.8 percent, on Thursday at USD 48.89 a barrel.
US jobless claims fall, point to firming labor market US jobless claims fall, point to firming labor market The number of Americans filing new applications for unemployment benefits fell last week, suggesting a moderation in job growth in August was an aberration.
China to launch new crude oil benchmark China to launch new crude oil benchmark China plans to launch a yuan- denominated international benchmark for crude oil futures this year aimed at the Asian market, an industry source said Thursday.
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