Currencies

Iceland is expected to use more energy mining bitcoins and other virtual currencies this year than it uses to power its homes.

With massive amounts of electricity needed to run the computers that create bitcoins, large virtual currency companies have established a base in the North Atlantic island nation blessed with an abundance of renewable energy.

U.S. stocks moved sharply higher in early trading Friday, recouping some of the ground lost a day earlier when indexes plummeted, deepening a weeklong sell-off that knocked the market into a "correction" for the first time in two years.

World Bank Group President Jim Yong Kim this week joined other business leaders in expressing skepticism about cryptocurrencies, likening digital currencies to “Ponzi schemes.”

As Brexit gets nearer, British firms are exporting more to the other 27 countries in the European Union, a development that's likely to focus minds as discussions over the country's future relationship with the bloc start up again.

IBM is making “major investments” in the blockchain technology.

Agents confiscated the digital currency as well as several gold and silver bars from a man’s home in Toledo, Ohio.

Asian stocks plunged Friday after Dow Jones industrials on Wall Street plummeted more than 1,000 points, deepening a week-long sell-off.

U.S. stocks are lower Thursday morning as losses from the previous day continue.

The latest on developments in financial markets (all times local): 9:35 a.m.

Mexico's central bank has decided to raise its key interbank interest rate from 7.25 percent to 7.5 percent, citing expectations of a U.S. rate increase in March and continued volatility in exchange rates for the Mexican peso.

Asian shares were mostly higher Thursday, though investors appeared skittish after this week's financial turmoil and overnight losses on Wall Street.

One dollar bought 6.3260 yuan as of the 4:30 p.m. close for domestic trading on Thursday, marking a 1% decline in the Chinese currency against the dollar from Wednesday.

U.S. stocks are opening higher Wednesday as trading stabilizes following three days of tumult.

The Wikileaks’ founder may be rolling in Bitcoin cash.

The recent price fluctuation is evidence that the market is in a bubble, the investment bank said in a research report.

Asian shares were mixed Wednesday as a rebound from a sell-off the day before lost steam.

U.S. stocks are reversing course Tuesday morning after sharp losses in the first few minutes of trading, raising hopes of a halt to a global sell-off in the stock market.

The U.S. trade deficit hit the highest level in nine years in 2017, defying President Donald Trump's efforts to bring more balance to America's trade relationships.

The U.S. dollar index reversed course on Tuesday, erasing most of the gains it made earlier in the session as Wall Street came off its lows in choppy trading.