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Ripple CEO claims to sign over 30 deals a week with financial institutions for blockchain payments

Brad Garlinghouse, chief executive officer of blockchain payments firm Ripple, has said that the company signs more than 30 deals a week with financial institutions.The post Ripple CEO claims to sign over 30 deals a week with financial institutions for blockchain payments appeared first on The Block. …read more […]

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Turkish Markets Rally as Erdogan Clinches Syria Deal With U.S.

(Bloomberg) — The lira jumped to its strongest level in almost two weeks while bonds and stocks rallied after the U.S. agreed not to impose any further sanctions on Turkey as part of a temporary cease-fire deal in Syria struck between Ankara and Washington on Thursday.The currency gained more than 1%, erasing losses that were fueled in recent days by concern Washington would impose punitive measures against the Turkish economy in response to the offensive against Kurdish rebels in Syria.Skirmishes Continue in Syria After Truce Declared: Syria UpdateThe benchmark stock gauge gained 4%, led by the nation’s largest listed lender, …read more […]

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Coca-Cola Jumps as Bets on New Products Pay Off

(Bloomberg) — Coca-Cola Co. international sales and low-sugar offerings like Coca-Cola Zero Sugar drove brisk revenue growth in the third quarter. Shares jumped in early trading before paring much of the gain.The beverage giant said unit case volume grew by 2%, while net revenue expanded 8% to $9.5 billion. The key metric of organic revenue, which strips out some items like currency effects, jumped 5% — higher than analysts’ average estimate for a 4.1% gain. Key InsightsAs U.S. consumers increasingly opt for sparkling waters and plant-based milks over sugary beverages, Coke is betting big on offerings in these categories and …read more […]

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Tesla's Nuerburgring run revs up debate over speed records

Tesla Inc’s attempts to humble Porsche with a new lap record on Germany’s legendary Nordschleife racetrack have reignited a controversy about the value of lap times, as the circuit steps in to quash claims of cheating. Porsche and U.S.-based Tesla are battling to establish supremacy in lap times for four-door electric sportscars, but comparisons are not exact, as conditions, ranging from car modifications to tyre types, vary with each test. “We want to have circumstances that can be understood and replicated,” said Nuerburgring spokesman Alexander Gerhard, adding that the racing circuit operator had moved to tighten rules …read more […]

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UPDATE 1-Schlumberger profit beats as international gains offset weak N.America

Schlumberger NV beat Wall Street estimates for quarterly profit on Friday, as higher drilling activity in international markets boosted demand for its equipment and services and offset weakness in North America. The international markets have been a bright spot for the oilfields service provider since last year as investor pressure to boost returns has forced North American oil and gas producers to spend less on drilling new oil wells. This is the first report under Olivier Le Peuch, who took over as CEO from Paal Kibsgaard in July. …read more […]