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US stocks mixed on earnings, trade; greenback declines

Bloomberg US equities were mixed in early trading as investors digested the latest raft of earnings, and before key trade talks between America and the European Union. The dollar declined against most of its major peers. The S&P 500 Index was little changed on Wednesday, while the Dow Jones Industrial Average declined amid lower-than-average volume. Coca-Cola’s results beat forecasts, while ...

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Crypto mania ‘deja vu’ risks jeopardising Bitcoin ETF approval

Bloomberg Cryptocurrency enthusiasts may turn out to be their own worst enemy when it comes to an exchange-traded fund backed by Bitcoin. The largest virtual currency has soared about 40 percent to more than $8,000 since the start of July as speculation mounts that a Bitcoin ETF could be approved by the US Securities and Exchange Commission within weeks. It’s ...

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Russian oil is getting ready for biggest tax overhaul in 20 years

Bloomberg Russia, one of the world’s top three crude producers, is preparing the most radical shakeup of its oil-tax system since 1999. The changes, which will allow the nation’s producers to export crude and oil products duty-free while raising their costs at the wellhead, is set to get the go-ahead from President Vladimir Putin by year-end, bringing in much-needed funds ...

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