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Bloomberg Eastman Kodak Co. is warning that several fraudulent websites and Facebook accounts are promoting and even claiming to already be selling its planned digital token. The warning, sent in an email to potential investors, comes as Securities and Exchange Commission Chairman Jay Clayton is testifying before Congress about initial coin offerings and coin-related scams. Regulators have been increasingly scrutinizing ...

Bloomber Two years after returning as Twitter Inc.’s chief executive officer, Jack Dorsey has pulled the company back from the brink, persuading people to spend more time on the micro-blogging site and attracting more advertising. Investors ratified his efforts this week, when Twitter posted a surprise surge in revenue growth and a first-ever profit. The shares rose 12 percent. Now ...

Bloomberg The Federal Reserve will face growing pressure to accelerate its planned interest-rate increases after a nearly $300 billion spending package signed into law juices a US economy already souped up on tax cuts. Economists at banks and consulting companies are busy marking up their economic forecasts in response to the legislation, saying it will help lift growth in 2018 ...

Bloomberg Russia’s central bank reduced interest rates for the fourth meeting in a row and said it may complete its move to looser monetary policy a year earlier than planned. The balance of risks has shifted “slightly” towards those to economic growth, and a transition from moderately tight to neutral monetary policy may be completed already in 2018, according to ...

Bloomberg Prime Minister Shinzo Abe is set to nominate Haruhiko Kuroda to lead the Bank of Japan for another five years, according to reports from Kyodo News and Nikkei. His reappointment beyond his current term ending April 8 has been widely expected by economists, according to a Bloomberg survey in January. Motosada Matano, a spokesman for the prime minister’s office, ...

CAIRO / Reuters Egypt’s annual inflation rates dropped in January to their lowest levels since the country floated its currency in November 2016, official data showed. The Egyptian pound lost half of its value and prices shot up after Egypt floated the currency in November 2016 to secure a $12 billion IMF deal to revive its economy. Annual urban consumer ...

Bloomberg What’s supposed to be the most volatile asset in the universe is proving to be a bastion of stability compared with wild swings and carnage in global equities this week. Bitcoin clawed its way back from the four-month low of $5,922 it touched, rebounding 53 percent to $9,069. The S&P 500 Index and the Dow Jones Industrial Average both ...

Bloomberg Credit Suisse Group AG has told some teams in Switzerland to consider taking a leave of absence or a sabbatical, adding to signs that the bank’s Swiss unit is under pressure to meet targets for the year, people with knowledge of the matter said. Bankers were told now is the ideal time for an unpaid or extended absence as ...

Bloomberg The UK’s position as a major global financial hub doesn’t depend solely on being part of the European Union’s single market, said Bank of England Deputy Governor Jon Cunliffe. In a speech in California, Cunliffe said that less than 20 percent of assets managed in the UK are domiciled in the rest of the EU. Meanwhile, British firms manage ...

Bloomberg China’s first airliner designed to compete with Airbus and Boeing is off to a slow start. After the fanfare surrounding the C919’s maiden flight in May, the single-aisle plane didn’t fly again for four months and the two test aircraft have only made about two dozen flights since, well below the normal schedule for a new commercial jet. The ...