The value of virtual currency Bitcoin surged to over $600, ahead of a United States Senate committee hearing.
The committee has been told virtual currencies are a legitimate financial service with the same benefits and risks as other online payment systems.
Airbus A380 at Dubai airshow
The plane manufacturer Airbus has secured deals for aircraft potentially worth over 52bn Euros on the first day of the Dubai airshow.
Airbus said it’s satisfied with the outcome, despite United States competitor Boeing closed deals worth $76bn.
JP Morgan headquarters in New York
United States investment bank JP Morgan has agreed to pay $4.5bn to investors who lost money on mortgage-related securities during the financial crisis.
The securities in question were issued between 2005 and 2008 by JP Morgan and Bear Stearns, a bank which it took over during the financial crisis.
European flags at European Commission
The European Commission, the European Union‘s executive arm, has warned Spain and Italy that their draft budgets for 2014 may not comply with new debt and deficit rules.
It also said French and Dutch plans only just passed muster.
An investment firm has offered to buy a vital part of the United States mortgage industry, currently owned by the United States government.
Fairholme Capital Management has offered to buy the mortgage guarantee firms Fannie Mae and Freddie Mac in a $52bn deal.
GM Shanghai headquarters
General Motors has said it is to move the headquarters for its international operations from Shanghai to Singapore next year.
The decision comes after the carmaker decided earlier this year to separate its operations in China from its international business.
China‘s leaders have unveiled a series of reforms aimed at overhauling its economy over the next decade.
In a statement issued after a closed-door summit, they promised the free market would play a bigger role.
US Airways and American Airlines
American Airlines and US Airways have settled an anti-trust suit with United States regulators, paving the way for their proposed merger to be finalized.
As part of the agreement, which must still be approved by a judge, the airlines will give up slots at several United States airports.
Pepsi Cola drinks
PepsiCo, the United States food and drinks giant behind the Pepsi-Cola, Walkers Crisps and Tropicana brands, is to invest $5.5bn in India by 2020.
The company said it planned to expand the range of products it sells in the country, and increase its manufacturing and distribution capability.
Vueling plane in Barcelona airport
International Airways Group (IAG), owner of Vueling, has reported a jump in profits, helped by a recovery at its Spanish airline Iberia.
IAG‘s shares closed up 8% after it reported pre-tax profits for the July-to-September quarter of 609m euros, up from 237m euros a year ago.