European shares at fresh peaks as travel, real estate stocks lead

(Reuters) -European stocks hit new highs on Tuesday, lifted by travel and real estate shares, but weak German industrial output data and doubts over Britain lifting restrictions later this month capped gains.FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 7, 2021. REUTERS/StaffThe pan-European STOXX 600 index closed 0.1% higher […]

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Elon Musk meets with bitcoin miners about energy use

Hong Kong (CNN Business)Bitcoin is plummeting yet again. The cryptocurrency has fallen roughly 8% over the past 24 hours, according to Coindesk, and was trading near $33,200 at 4:45 a.m. ET on Tuesday. Other digital currencies, including ethereum and dogecoin, also fell around 8% or more. The value of bitcoin has tanked more than 40% over the last month during […]

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How China's vaccine diplomacy brought bosom buddy Cambodia even closer

PHONM PENH (Reuters) – Almost one in every five Cambodians has already received a dose of anti-coronavirus vaccine, catapulting the country well past wealthier, bigger Southeast Asian neighbours. Like the doses, the success story is labelled ‘Made in China’.FILE PHOTO: A Cambodian army member vaccinates a person inside a red zone with strict lockdown measures, amidst the latest outbreak of […]

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El Salvador will be first country to adopt bitcoin as legal tender

Fox Business Flash top headlines for June 7 Check out what’s clicking on FoxBusiness.com. President Nayib Bukele of El Salvador announced over the weekend that he plans to introduce legislation that will make his country the world’s first to adopt bitcoin as legal tender along with the US dollar. Bukele made the Saturday announcement in a video shown at Bitcoin […]

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Nikkei falls as market heavyweights offset gains in drugmakers

TOKYO, June 8 (Reuters) – Japan’s stock index Nikkei changed course and inched down on Tuesday, as losses in market heavyweights offset gains in drugmakers after Eisai Co’s Alzheimer drug received U.S. nod. Nikkei share average inched down 0.11% to 28,987.58 by 0235 GMT, while the broader Topix edged up 0.06% to 1,962.07. “The news on Eisai has given a […]

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SEC chairman calls for new restrictions on executive stock-trading plans

Fox Business Flash top headlines for June 7 Check out what’s clicking on FoxBusiness.com. The Securities and Exchange Commission is drafting a proposal that would restrict plans that corporate insiders use to avoid insider-trading claims when buying or selling their own company’s stock. Speaking Monday at The Wall Street Journal’s CFO Network event, SEC Chairman Gary Gensler said he is […]

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METALS-London copper rises on weak dollar, tepid China demand weighs

HANOI, June 8 (Reuters) – Copper prices in London rose on Tuesday, supported by a subdued dollar, but struggled to surpass a key $10,000-a-tonne level as tepid demand in top consumer China pressured prices. Three-month copper on the London Metal Exchange rose 0.2% to $9,918.50 a tonne by 0216 GMT, while the most-traded July copper contract on the Shanghai Futures […]

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Enbridge to sell stake in Noverco for $1.14 billion

(Reuters) -Canadian pipeline operator Enbridge Inc said on Monday it has agreed to sell its minority stake in Noverco Inc to Trencap LP for $1.14 billion in cash. Noverco indirectly owns Énergir LP, a distributor of natural gas. Enbridge currently owns 38.9% of Noverco while Trencap, a consortium led by pension fund manager Caisse de dépôt et placement du Québec […]

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