Facebook shares hit record high as mobile ad sales soar

David Ingram and Rishika Sadam (Reuters) – Facebook Inc’s mobile advertising business grew by more than 50 percent in the second quarter, the company said in its earnings report on Wednesday, as the social network continued to establish itself as the venue of choice for an ever-growing array of online advertisers. Shares in Facebook, owner of four Read more about Facebook shares hit record high as mobile ad sales soar[…]

Elliott wins more time to beat Berkshire Hathaway’s Oncor deal

Jessica DiNapoli WILMINGTON, Del. (Reuters) – A U.S. bankruptcy judge on Wednesday gave Elliott Management Corp 11 more days to formalize its plans to bid on Oncor Electric Delivery Co before the court approves the $9 billion offer for the utility from Berkshire Hathaway Inc. Judge Christopher Sontchi of the Delaware bankruptcy court pushed back Read more about Elliott wins more time to beat Berkshire Hathaway’s Oncor deal[…]

Jared Kushner: I did not collude with Russia, my actions were ‘proper’

Jacob Pramuk | @jacobpramuk Joshua Roberts | Reuters White House Senior Adviser Jared Kushner speaks to members of the White House press following his appearance before a closed session of the Senate Intelligence Committee as part of their probe into Russian meddling in the 2016 U.S. presidential election in Washington, U.S. July 24, 2017. Jared Kushner on Read more about Jared Kushner: I did not collude with Russia, my actions were ‘proper’[…]

Brexit Bulletin: Deutsche’s Operation Bowline

By Simon Kennedy July 25, 2017, 1:51 PM GMT+7 Sign up to receive the Brexit Bulletin in your inbox, and follow @Brexit on Twitter. Deutsche Bank is considering sending cash and staff to the European continent. Germany’s biggest bank may shift about €300 billion ($350 billion) from the balance sheet of its U.K. entity to Frankfurt following Britain’s decision to leave Read more about Brexit Bulletin: Deutsche’s Operation Bowline[…]

Deutsche Bank, JPMorgan to pay $148 million to end yen Libor cases in U.S.

NEW YORK (Reuters) – Deutsche Bank AG (DBKGn.DE) and JPMorgan Chase & Co (JPM.N) have agreed to pay a combined $148 million to end private U.S. antitrust litigation claiming they conspired with other banks to manipulate the yen Libor and Euroyen Tibor benchmark interest rates. The preliminary settlements, totaling $77 million for Deutsche Bank and Read more about Deutsche Bank, JPMorgan to pay $148 million to end yen Libor cases in U.S.[…]

Dollar languishes near 13-month low as focus turns to Fed meeting

Masayuki Kitano SINGAPORE (Reuters) – The dollar languished near a 13-month low against a basket of currencies on Tuesday, with traders sceptical that this week’s U.S. Federal Reserve meeting would do much to alter the greenback’s recent weak trend. The Fed is widely expected to keep interest rates unchanged at its two-day meeting that ends Read more about Dollar languishes near 13-month low as focus turns to Fed meeting[…]

Blackstone, CVC make $3.7 billion bid for payments firm Paysafe

Munshi Ahmed | Bloomberg | Getty Images A consortium of Blackstone and CVC Capital Partners has made a 2.86 billion pound ($3.71 billion) bid for payments processing company Paysafe Group, joining a growing number of deals in the sector. The 590 pence per share all-cash offer represents a premium of about 9 percent to Paysafe’s closing price on Read more about Blackstone, CVC make $3.7 billion bid for payments firm Paysafe[…]

Euro could hit $1.20 by year end as Draghi spurs rally: analysts say

Karen Gilchrist | @_karengilchrist Digital Reporter, CNBC.com The euro could be on track to hit $1.20 against the dollar before the year is out, according to analysts who say that it is set to ride a wave of improved euro zone data and weakening investor conviction in the U.S. The single currency hit a two-year high of Read more about Euro could hit $1.20 by year end as Draghi spurs rally: analysts say[…]

It’s not bitcoin or ethereum: This digital currency rose 3,977% in the first half of 2017

Rohini Nambiar Ripple, a San Francisco-based digital currency start-up, recorded $30 million worth of transactions in the second quarter of 2017 as 25 new exchanges listed its token, XRP. XRP finished the quarter priced at $0.263, up by 1,159 percent from the previous quarter and 3,977 percent higher year-to-date. It is currently listed on 30 Read more about It’s not bitcoin or ethereum: This digital currency rose 3,977% in the first half of 2017[…]