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Markets

HSBC swaps paper records for blockchain to track US$20 billion worth of assets

HSBC aims to shift US$20 billion worth of assets to a new blockchain-based custody platform by March, in one of the biggest deployments yet of the widely-hyped but still unproven technology by a global bank.

Markets

Cryptocurrency crime surges, losses hit US$4.4 billion by end-September: CipherTrace report

Cryptocurrency theft has surged in 2019 compared with last year, with more money flowing through digital exchanges and criminals looking to carry out bigger heists, according to a report from blockchain forensics company CipherTrace obtained by Reuters.

Markets

Boeing 777X fuselage split during Sept. stress test: Seattle Times

The fuselage of Boeing Co's upcoming 777X aircraft was split by a high-pressure rupture just as it approached its target stress level during a test in early September, the Seattle Times reported on Wednesday.

Markets

Exclusive: Lone Star to enter exclusive talks to buy BASF’s construction chemicals unit – sources

BASF has picked Lone Star to exclusively negotiate the sale of its construction chemicals business to the buyout group, as the German chemicals company seeks to focus on more profitable operations, people close to the matter said.

Markets

US to announce findings from probe of France’s tech tax on Monday

U.S. trade officials said they will announce any proposed action toward France on Monday when they release the findings from their investigation into the European ally’s tax on big internet companies such as Amazon, Google and Facebook.

Markets

Esports: Renault harnesses real F1 resources for virtual success

Jarno Opmeer once trained in the Renault team gym as a junior academy driver and now the Dutch racer is back at the factory facility, preparing for a Formula One esports title showdown that he still hopes to win.

Markets

US third-quarter GDP growth raised; business investment stabilizing

U.S. economic growth picked up slightly in the third quarter, rather than slowing as initially reported, and there are signs the downturn in business investment could be drawing to a close.

Markets

US third-quarter GDP growth revised up to 2.1%

U.S. economic growth picked up slightly in the third quarter, rather than slowing as initially reported, amid a stronger pace of inventory accumulation and a less steep decline in business investment.

Markets

WeWork’s ill-fated IPO shows market discipline: Oaktree’s Marks

WeWork's failure to go public and this year's disappointing tech IPOs in the United States are a positive sign of market discipline and investor vigilance, Oaktree Capital's billionaire co-chairman Howard Marks said.

Markets

US stocks to keep climbing in 2020 but growth well below this year’s: Reuters poll

NEW YORK: U.S. stocks will keep rising in 2020 but at a much more modest pace than this year, with plenty to potentially slow the ascent, according to a Reuters poll of strategists. The benchmark S&P 500 index will finish 2020 at 3,260, roughly 4per cent above its close...

Markets

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