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Russia has rerouted its oil exports away from Europe towards Asia. Suriyapong Thongsawang/Getty Images China's imports of Malaysian crude oil have soared to nearly 800,000 barrels per day, according to data compiled by Bloomberg. That's more oil than what Malaysia actually produces on its own, suggesting some crude arrived from other sources. The waters off […]
Flickr / Loïc Lagarde Hong Kong media company sees shares jump almost 900% on day of IPO. Shares in Most Kwai Chung, a media firm which publishes a popular satirical magazine, climbed from HK$ 1.2 (£0.11; $ 0.15) to a high of HK$ 11.76 (£1.06; $ 1.50). “We feel surprised about the market response,” a spokesman […]
Thomson Reuters ROME (Reuters) – Italy faces a prolonged period of political instability after voters delivered a hung parliament in Sunday’s election, spurning traditional parties and flocking to anti-establishment and far-right groups in record numbers. With half the ballot counted, it looked almost certain that none of Italy’s three main factions would be able to […]
GUEST: A year ago, the Midwest saw one of its largest tech exits to-date: the January 2017 $ 1.1 billion sale of CoverMyMeds to San Francisco-based McKesson Corp. The CoverMyMeds exit was the biggest in Ohio history, and it signaled an upward growth trajectory in exit activity from 2016. When it comes to Midwest exits, 2017 […]
Markets Insider Bitcoin, the red-hot cryptocurrency, had a wild run in 2017. Here’s a look back at some of the significant events that drove big price swings in the market known for extreme volatility. To say bitcoin had a wild 2017 would be an understatement. The digital currency, which started the year under $ 1,000, […]
Marko Ahtisaari/Flickr Bitcoin is in the midst of its worst weekly sell off since 2013, and almost every other major cryptocurrency slumped on Friday. That’s especially bad news for the handful of companies who recently announced a pivot to blockchain or another crypto focus. Their stock prices skyrocketed after announcing their pivots to the red-hot space, […]
Venmo has become so popular, its name has become a verb in the same way “Google” has. People use the the PayPal-owned mobile person-to-person payment service to pay rent, split bar tabs, and hold fundraisers. It’s become a must-have app for millennials, and as we can see in this chart from Statista, the amount of […]
Enlarge / These two Bantu speakers are still moving around Africa. (credit: Luc-Henri Fage / Fells.fr) Over the past few decades, advances in DNA technology have completely changed our view of our species’ past. We can now trace our ancestors out of Africa, into North America, and across the vastness of the Pacific. What often […]
Andrew Burton/Getty Images US energy giant ExxonMobil has reportedly gauged potential interest among BP’s major shareholders regarding a possible takeover, British newspaper Evening Standard reported on Friday, sending BP’s stock soaring to one-month highs in London and trading nearly 3 percent higher in New York shortly after opening. The two energy supermajors Exxon and BP have a […]
