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Volatility May Hit Wall Street As Alphabet Facebook Leave Tech Sector Group

SAN FRANCISCO/NEW YORK – Volatility could well be in the cards for Wall Street again early this fall, but not for the same reason stocks got rattled in February....

Proptech Firms Angle For Riches In Us Real Estate Market

NEW YORK – New technology such as machine learning algorithms coupled with improved heating and cooling units that can be controlled by software helped cut...

Softbanks Arm Cedes Control Of China Ops To Consortium For 775 Million

TOKYO/HONG KONG – British chipmaker Arm Holdings, a unit of SoftBank Group Corp, will cede control of its Chinese business to a group of local investors in a $775...

Dutch Fintech Adyen Valued At Up To 83 Billion As Investors Seek Shares

AMSTERDAM – The listing of Adyen, the Dutch firm whose payments processing technology is used by Facebook and Netflix, got off to a strong start on Tuesday when...

Britain Takes 268 Billion Loss On Rbs Share Sale

LONDON – Britain has sold some of its holding in Royal Bank of Scotland (RBS.L), the bank which it rescued in the 2008 financial crisis, but has taken a loss of...

Britain Takes Around 266 Billion Loss On Rbs Share Sale

LONDON – Britain’s government sold 7.7 percent of Royal Bank of Scotland shares (RBS.L) for 2.5 billion pounds ($3.33 billion) on Tuesday, realizing a loss...

British Government Completes 77 Percent Rbs Stake Sale

LONDON – Britain’s government sold approximately 7.7 percent of Royal Bank of Scotland shares (RBS.L), the bank said in a regulatory filing on Tuesday....

Frances Blablacar Bets On Russias Ride-sharing Culture

ST PETERSBURG – Russia has overtaken France as the biggest market for French ride-sharing startup BlaBlaCar, a growth driven by long distances between Russian...

Us Cftc Proposes Rule To Keep Higher Threshold For Swap Dealers

WASHINGTON – The U.S. derivatives regulator on Monday proposed maintaining the existing cutoff for U.S. firms to register as swaps dealers, backing off an earlier...

Jordans King Replaces Pm To Subdue Protests

AMMAN/DUBAI – Jordan’s King Abdullah replaced his prime minister on Monday in a move to defuse the biggest protests in years over IMF-backed reforms that...