Bitcoin Swings as Alternative Is Added to Exchange
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Bitcoin prices slumped more than 10% in an hour during Wednesday-morning Asia trading, and heavy volume of withdrawals prompted some exchanges to halt trading.
GOP Tax-Overhaul Bill Heads to Senate
The Senate will vote on the GOP tax-overhaul bill this evening, then the House will vote again Wednesday morning because at least two provisions ran afoul of Senate rules. President Donald Trump could sign it into law later this week.
Asia-Pacific Markets Quiet; Busy Day for Bitcoin
Bitcoin's wild swings after a morning plunge occupied center stage in Wednesday's trading session in Asia, as equities markets didn't move much.
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Bank of Thailand Stands Pat at 1.5%
The Bank of Thailand left interest rates unchanged, maintaining its support for an improving economy that has yet to generate much inflation, while also keeping an eye on the impact of U.S. monetary policy.
Tech Sector Leads U.S. Stocks Lower
Declining shares of technology companies caused major indexes to edge lower Tuesday, even as Republicans advanced their sweeping rewrite of the U.S. tax code.
Big U.S. Banks Get Satisfactory Grades on 'Living Wills'
The eight largest and most complex U.S. banks received satisfactory grades on their latest "living will" bailout-prevention plans, a milestone that further reduces the already-remote possibility that any of the firms would be broken up by the government.
Court Allows Suit Against Stock Exchanges to Proceed
A federal appeals court said a lawsuit accusing stock exchanges of defrauding investors by favoring high-speed traders can go forward, in a blow to the New York Stock Exchange and Nasdaq.
Canada Releases Data on Foreign Influence on Housing
Data from the federal government and Canada Mortgage and Housing Corp. reveal that foreign ownership of houses in Vancouver and Toronto is relatively modest.
China, Seeking Growth, Softens Focus on Cutting Debt
As China prepares to unveil its economic blueprint for 2018, people familiar with the plan say it will show that Beijing is finding it hard to cut debt without jeopardizing growth, and is changing its goal to just "control" a rise in borrowing.
House Passes Bill to Revamp Criteria for 'Systemically Important' Banks
Regulators would have more discretion to decide which banks to target for stricter oversight under bipartisan legislation that House lawmakers approved Tuesday, the latest front in a broad push to ease postcrisis regulations.
(END) Dow Jones Newswires
December 20, 2017 03:15 ET (08:15 GMT)