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US futures steady, stocks advance despite Iran fear

Bloomberg US equity futures were steady on Tuesday and stocks in Europe and Asia advanced as investors attempted to set aside their fears about escalating tensions in the Middle East. Treasuries fluctuated and the euro declined. Markets were roiled before the European open when an Iranian news agency said the country is assessing scenarios for its response to the US ...

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Traders pile into Chinese markets

Bloomberg Investors are snapping up Chinese financial assets, encouraged by progress on trade and signs that the world’s second-largest economy may be stabilising. Improving confidence helped stoke a 0.5% rally in the yuan on Tuesday, pushing it to its strongest level since early August. The currency punched past the key 6.95-per-dollar level, and traded on the strong side of its ...

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World’s largest Bitcoin mine lures clients to Texas hotspot

Bloomberg SBI Holdings Inc and Japanese internet-service provider GMO Internet Inc are about to start extracting Bitcoin at the world’s largest crypto mine, located in the industry’s new hotspot: Rockdale, Texas. The two firms have in principle agreed with Northern Bitcoin AG subsidiary Whinstone Inc to process cryptocurrency transactions at the German company’s facility within the coming months, according to ...

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