Fallen Bitcoin Titan Focused on Cafe
As the Mt. Gox bitcoin exchange sank deeper into trouble, its CEO was busy focusing on coffees and pastries for a bitcoin cafe he planned to open.
China Issues Rules for Banks' Preferred Shares
To help banks address tougher capital requirements in accord with global guidelines, China unveiled fresh rules on their issuance of preferred shares.
Europe Investors Buy Risky Debt
Investors in Europe are buying up riskier debt at a record pace. They are also giving up many of the usual safeguards they would normally seek when lending companies cash.
Japanese Stocks Rise
Japan's Nikkei index rose in thin trade, capping its best week of the year after last week's selloff, while many Asian markets were closed for the Good Friday holiday.
Alibaba-Linked Fund Posts Strong Growth
China's fast-growing online investment fund Yu'e Bao nearly tripled in size during the first quarter, as its funds under management ballooned to $87 billion.
Mt. Gox Suitors Launch Bid To Revive Exchange
U.S. investors seeking to revive Mt. Gox have launched a last-ditch effort to convince a Japanese bankruptcy court to support their proposal.
Yuan Bets Turn Sour in Taiwan
Taiwan's regulator said it will heavily penalize a local bank that sold complex derivatives to companies as evidence grows that billions of dollars of these leveraged products that bet on the Chinese yuan are turning sour.
Sterling at 4½ Year High on Rate Hike Expectations
Sterling rose to its strongest level in almost 4½ years against the dollar as expectations grow that the Bank of England will raise interest rates sooner than expected.
European Shares Close Higher
European shares ended higher for the second straight session, boosted by upbeat U.S. manufacturing data and better-than-expected results from Goldman Sachs.
Asian Stocks Head Higher
Asian stocks were mostly higher on Thursday, with Japan moderating after its strong gains in the previous session, while Australia was reassured by comments from the chairwoman of the U.S. Federal Reserve.
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