Month: March 2018

NEW YORK (Reuters) – Credit Suisse Group AG (CSGN.S) and ING Groep NV (INGA.AS) have completed a 25 million euros ($30.48 million) securities lending transaction using blockchain-based software, the companies said on Thursday, as more projects involving the nascent technology behind cryptocurrencies get closer to yielding results. The transaction involved the banks swapping baskets of
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WASHINGTON (Reuters) – The U.S. Senate on Wednesday passed a bill promoting closer U.S. ties with Taiwan, which China has warned could threaten stability in the Taiwan Strait, but drew praise from the self-ruled island which pledged to deepen cooperation. Beijing considers democratic Taiwan to be a wayward province and integral part of “one China”,
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HONG KONG (Reuters) – Chinese conglomerate HNA Group, faced with liquidity concerns after recent debt-fuelled acquisitions, plans “significant cuts” in its workforce this year, Risk Event-Driven and Distressed Intelligence (REDD) reported, citing five unnamed sources. The job cuts would be part of the group’s “weight-loss” program for this year, the news and analytics provider reported.
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WASHINGTON (Reuters) – U.S. President Donald Trump on Wednesday went his furthest yet toward endorsing restrictions on gun sales, challenging lawmakers to go big on legislation to help prevent more school shootings. During a freewheeling hour-long discussion, Trump spoke approvingly of several ideas opposed by the powerful National Rifle Association gun lobby, which endorsed his
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DENVER (Reuters) – U.S. Olympic Committee Chief Executive Scott Blackmun is resigning for medical reasons, the organization said on Wednesday, following months of sustained criticism stemming from the sex abuse scandal involving former USA Gymnastics doctor Larry Nassar. In a statement, the USOC cited Blackmun’s “ongoing health issues” related to prostate cancer, for which he
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