Breaking business news: Bitcoin holds overnight gains after last week's rout

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Tuesday, December 26, 2017

Bitcoin holds overnight gains after last week's rout

NEW YORK (Reuters) - Bitcoin held its overnight gains in early U.S. trading on Tuesday as the world's biggest and best-known cryptocurrency rebounded on light trading volume from its worst week since 2013.

Apple suppliers drop on report of weak iPhone X demand; analysts' views mixed

BEIJING (Reuters) - Shares in several of Apple Inc's Asian suppliers fell for a second straight day on Tuesday, hurt by a report from Taiwan's Economic Daily and some analysts saying that iPhone X demand could come in below expectations in the first quarter.

Top small-cap funds of 2017 focus on healthcare, tech in year ahead

NEW YORK (Reuters) - Healthcare, technology and Japanese small-cap stocks look poised to outperform the broader market in the year ahead, according to some of the best performing U.S.-based stock fund managers of 2017.

Wall Street set to open lower as Apple, chipmakers weigh

(Reuters) - U.S. stocks were set to open lower on Tuesday in thin trading volume following the Christmas holiday as losses in Apple and a bunch of chipmakers weighed.

Oil slips toward $65 as Forties pipeline moves closer to restart

LONDON (Reuters) - Oil edged lower toward $65 a barrel on Tuesday, but remained within sight of its highest level since mid-2015, as the looming restart of a North Sea oil pipeline offset support from OPEC-led supply cuts.

Aston Martin to recall over 5,000 vehicles in U.S.: safety agency

(Reuters) - British sportscar maker Aston Martin is recalling around 5,500 vehicles in the United States due to problems with powertrains and battery cables, according to documents posted on the National Highway Traffic Safety Administration's (NHTSA) website.

Hyundai Heavy Industries Group to list Oilbank, issue $1.2 billion rights shares

SEOUL (Reuters) - South Korea's Hyundai Heavy Industries Group plans to list its refining arm Hyundai Oilbank in an IPO in 2018 and raise about $1.2 billion via a share issue by shipbuilder Hyundai Heavy Industries , in a move to bolster its finances.

South Korea's Hyundai Motor union rejects tentative wage deal

SEOUL (Reuters) - South Korean automaker Hyundai Motor Co's labor union said on Tuesday its members have rejected the tentative wage deal its leadership had agreed with management last week.

Google looking to launch stores in India to boost Pixel sales: report

(Reuters) - Alphabet Inc's Google is looking to launch brick-and-mortar stores in India to boost sales of its Pixel smartphones, the Economic Times newspaper reported on Tuesday, citing three people with knowledge of the matter.

Israel regulator seeks to ban bitcoin firms from stock exchange

JERUSALEM (Reuters) - Israel's markets regulator will propose regulation to ban companies based on bitcoin and other digital currencies from trading on the Tel Aviv Stock Exchange, he said on Monday.

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