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Dish Network profit surges on U.S. tax law boost

(Reuters) – Dish Network Corp (DISH.O) reported a jump in fourth-quarter profit on Wednesday due to a benefit of about $1.2 billion related to changes in U.S. tax laws. Net income attributable to Dish rose to $1.39 billion, or $2.64 per share, in the quarter ended Dec. 31 from $355 million, or 73 cents per share,…

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Dollar hits one-week high as focus shifts to Fed

LONDON (Reuters) – The dollar rose to its highest level in a week against a basket of currencies on Wednesday, as investor focus shifted to the minutes of the Federal Reserve’s last policy meeting. World stocks looked set to fall for a third straight day. The dollar index, which measures the greenback…

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Congress sets sights on federal cryptocurrency rules

WASHINGTON (Reuters) – Jolted by the global investment craze over bitcoin and other cryptocurrencies, U.S. lawmakers are moving to consider new rules that could impose stricter federal oversight on the emerging asset class, several top lawmakers told Reuters. Bipartisan momentum is growing in the Senate and House of Representatives for action to…

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HSBC profit disappoints as CEO Gulliver bows out

HONG KONG/LONDON (Reuters) – HSBC Holdings (HSBA.L) reported a smaller than expected rise in annual profits and unveiled plans to raise up to $7 billion to bolster its capital, as CEO Stuart Gulliver hands over to a new leadership team on Tuesday. Gulliver is stepping down after more than seven years at…

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