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Tech sell-off hits global stocks; Treasuries gain

Bloomberg Stocks fell from London to Shanghai and US equity futures signaled the global rout led by technology shares would deepen on Tuesday, adding pessimism to markets already anxious over trade. Treasuries advanced and the dollar edged higher. Contracts on all major US equity indexes pointed to declines at the open, with megacap tech shares leading the drop. The Stoxx ...

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Cryptocurrencies plummet, Bitcoin breaks below $5,000

Bloomberg The slide in cryptocurrencies accelerated this week, with Bitcoin piercing the $5,000 mark for the first time since October 2017, amid speculation that increased regulatory scrutiny will prompt issuers of initial coin offerings to liquidate holdings. Bitcoin declined as much as 14 percent during US trading hours, falling just below $4,700 before bouncing back slightly. The largest digital currency ...

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SocGen to pay $1.3bn in US sanctions case settlement

Bloomberg Societe Generale SA settled its longstanding sanctions violations case with US authorities, entering a deferred prosecution agreement with federal prosecutors and paying $1.34 billion to regulators in New York and Washington. As part of the settlement, France’s third-largest bank acknowledged violations of US sanctions laws against Cuba, Iran and Sudan starting as far back as 2003 and extending to ...

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