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Friday, December 1, 2017

Deficit doubts on tax bill cool Wall Street rally

(Reuters) - U.S. stock futures pointed to a reversal of some of this week's gains for Wall Street on Friday, as a delay in voting on a Republican tax overhaul kept investors on edge about its passage.

Bitcoin rebounds to $10,500 after U.S. regulator approves futures

LONDON (Reuters) - Bitcoin rebounded on Friday to hit the day's highs above $10,500, recovering from an earlier dip below $9,500, after the U.S. derivatives regulator said it would allow CME Group and CBOE Global Markets to list bitcoin futures.

Sale of the century? $300-billion Saudi state sell-off moves slowly

DUBAI/RIYADH (Reuters) - Saudi Arabia's $300-billion privatization program was billed as the sale of the century when Crown Prince Mohammed bin Salman unveiled his plan to great fanfare. Nineteen months later, it is moving at a snail's pace, bankers, investors and analysts familiar with the process say.

Exclusive: Tezos founders push for legal bailout from Swiss foundation

NEW YORK/ZURICH (Reuters) - The couple behind the embattled Tezos cryptocurrency tech project wants the Swiss-based Tezos Foundation to cover their costs for lawsuits accusing them of fraud related to an online fundraiser it ran, people familiar with the matter told Reuters.

CME Group to launch bitcoin futures contract on Dec. 18

(Reuters) - CME Group Inc on Friday said it will launch its bitcoin futures contract on Dec. 18 to provide a regulated trading platform for the cryptocurrency futures market.

British Labour leader Corbyn tells Morgan Stanley: 'We're a threat'

LONDON (Reuters) - Britain's opposition Labour leader Jeremy Corbyn warned Morgan Stanley that bankers are right to regard him as a threat because he wants to transform what he cast as a rigged economy that profits speculators at the expense of ordinary people.

Beauty contest: China make-up brands rein in South Korea rivals

SEOUL/SHANGHAI(Reuters) - As a diplomatic spat between Beijing and Seoul raged this year, many South Koreans felt decidedly unwelcome in China. South Korean businesses were shunned, K-pop concerts were canceled and tourist trade dried up.

Germany removes Tesla from subsidies list as too pricey

BERLIN (Reuters) - A German government agency has removed Tesla from the list of electric cars eligible for subsidies, sparking a row with the U.S. company over whether its Model S is too expensive to qualify for the scheme.

U.S.-listed Chinese financial firms drop as China sets new rules

(Reuters) - U.S.-listed shares of Chinese financial firms slipped in premarket trade on Friday after Reuters reported that China's regulators had circulated new rules to local governments to clamp down on cash loan firms.

Too cold for a theme park, Disney looks to toy stores in Russia

MOSCOW (Reuters) - Though too cold for a theme park, Russia's underserved toy market makes it an attractive business prospect for Walt Disney Co , the head of its Russian operations said on Friday.