Business

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DasCoin set to trade on public exchanges

DasCoin, the Currency of Trust and the store of value within DasEcosystem, has completed a well structured two-year journey of preparation and strategic activity to develop its business platform. The company is delighted to announce it is now ready to launch onto public exchanges in conjunction with a landmark launch event to be held in London on April 27, 2018.

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General Electric shares rise despite 1Q loss

Slumping industrial conglomerate General Electric won a reprieve on Wall Street Friday after reporting strong results in some divisions even as it suffered a quarterly loss due to a hefty legal charge.

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US fines Wells Fargo $1 bn for mortgage, auto loan violations

Wells Fargo agreed Friday to pay $1 billion in fines over US allegations of bank misconduct that damaged consumers — the largest such penalty so far under the administration of President Donald Trump, who has lambasted the scandal-hit bank.

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US firm Advent to buy Sanofi’s generics unit

US private equity firm Advent International has agreed to acquire Zentiva, French pharmaceutical giant Sanofi’s European generics arm, for 1.9 billion euros ($2.4 billion), a statement said Tuesday.