Finance

Prudential, the United Kingdom’s largest insurer, said it finished transferring some operations to Luxembourg about a week ago in preparation of Britain’s impending exit from the European Union. The insurer announced earlier this month that it was transferring 36 billion pounds ($47.58 billion) of assets to Luxembourg, which is to become the company’s hub for
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New research is casting even more doubt on the legitimacy of bitcoin trading. An analysis published by Bitwise this week shows that 95 percent of bitcoin spot trading is faked by unregulated exchanges. The survey, first reported by The Wall Street Journal, echoes concerns by regulators that cryptocurrency markets are still ripe for manipulation. Bitwise,
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Lyft is in the process of courting investors, but potential buyers still question how and when the company will make money. The ride-hailing start-up is wrapping up the first week of its “roadshow,” a series of presentations across major U.S. cities ahead of its highly-anticipated public offering. Multiple potential investors attending Thursday’s lunch, hosted by
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Digital payment is becoming increasingly popular in Indonesia — yet 99 percent of transactions by volume are carried out using cash, according to management consultancy McKinsey and Company. To tap the massive potential of Indonesia’s electronic payment market, Go-Pay — the mobile wallet of ride-hailing app Go-Jek — is planning to “strengthen and deepen” its
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Levi Strauss priced its initial public offering at $17 per share, the company announced late Wednesday. That number comes in higher than the expected range, valuing the iconic denim company at about $6.6 billion and bringing its total raise to about $623 million. The company was expected to price its offering of about 36.7 million
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The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Alphabet. Brian Kelly was a buyer of the VanEck Oil Services ETF. Steve Grasso was a buyer at Square. Guy Adami was a buyer of Anadarko Petroleum. Trader disclosure: On , the following stocks and commodities mentioned
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Germany seems to be obsessed with the idea of creating a national banking champion. Is it a way of standing up to the big-ticket U.S. banks? Or reaffirming Germany’s dominance as the biggest European economy? Either way, it looks like the country is pushing to create yet another “too big to fail” bank. Back in
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Check out the companies making headlines after the bell: Shares of Tilray were up more than 2 percent in extended trading Monday following the release of the Canadian cannabis company’s fourth-quarter earnings. Tilray reported a loss of 33 cents on revenue of $15.5 million. Wall Street estimated revenue of $14.1 million. Brendan Kennedy, President and
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Complacency will make fixing the nation’s healthcare system a daunting task, according to Warren Buffett, whose Berkshire Hathaway recently joined with J. P. Morgan Chase and Amazon to develop a new model for their 1 million employees. Buffett along with Amazon‘s Jeff Bezos and J. P. Morgan‘s Jamie Dimon recently formed the healthcare joint venture
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