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SINGAPORE, Singapore (AFP) — Bitcoin broke above the $10,000 mark for the first time on Wednesday as the virtual currency continued a stratospheric rise that has seen it increase more than tenfold this year. The cryptocurrency surged to a high of $10,059 in early Asian hours, according to Bloomberg News, though the recent surge in the volatile unit has fuelled fears of a bubble. Launched in 2009 as a bit of encrypted software written by someone […]
HONGKONG, China (AFP) — HSBC said Monday its third quarter adjusted pretax profit rose seven percent from a year ago to $5.59 billion, beating expectations. “Reported profits were down, but adjusted profits were higher than last year’s third quarter in all four global businesses and four out of five regions,” HSBC global chief executive Stuart Gulliver said. The September quarter adjusted profit — which strips out one-off items — compared with the previous corresponding period’s […]
