China's Xiaomi plans $1.5 billion buyback to arrest stock tumble

Chinese smartphone maker Xiaomi Corp announced a HK$12 billion ($1.53 billion) share buyback plan on Tuesday, in a reversal of its cash-management strategy that is aimed at boosting its floundering stock.

China's Xiaomi boosts shares with $1.5 billion buyback plan

Chinese smartphone maker Xiaomi Corp said on Tuesday it will buy back up to HK$12 billion ($1.53 billion) worth of stock in its biggest equity repurchase, sending its shares up nearly 7%.

Smartphone maker Xiaomi plans $1.5 billion share buyback, shares jump

Chinese smartphone maker Xiaomi Corp said on Tuesday it will buy back up to HK$12 billion ($1.53 billion) worth of its shares, in a move aimed at supporting its faltering shares.

Frankfurt auto show touts green credentials amid climate protests

The Frankfurt Auto Show will champion sustainable driving and electric cars, Germany's auto industry association said on Monday, as it seeks to head off protests from climate activists.

Exclusive: Telia offers concessions as EU probes Bonnier deal: EU document

Swedish telecoms operator Telia has offered concessions to allow rivals fair access to its TV channels to address EU antitrust concerns about its $957 million bid for Bonnier Broadcasting, an EU document seen by Reuters showed.

HSBC processes first blockchain letter of credit using Chinese yuan

HSBC completed the first yuan-denominated blockchain-based letter of credit transaction, the bank said on Tuesday.

Dutch minister: I did not have contact with Uber on tax plan

The top Dutch tax politician has denied meeting representatives of Uber Technologies, in answer to questions from parliament about why the company has been allowed to claim a provisional $6.1 billion tax write-off in the Netherlands.

U.S. and Poland urge tougher checks on foreign influence over 5G networks

The United States and Poland believe suppliers of 5G network equipment should be rigorously evaluated for foreign government control, a joint declaration signed on Monday said, as Washington pressures allies to exclude China from 5G networks.

U.S.'s Pence signs 5G security declaration with Poland

U.S. Vice President Michael Pence signed a joint declaration with Poland on 5G network security on Monday, according to a Reuters reporter present during the signing ceremony.

U.S. and Poland urge tough checks on 5G suppliers

The United States and Poland believe suppliers of 5G network equipment should be rigorously evaluated to check whether they are subject to control by a foreign government, according to a joint declaration signed on Monday.

MTG soars as gets Chinese partner for e-sports firm ESL

MTG shares leapt as much as 25% on Monday after the Swedish e-sports and gaming firm said Chinese live streaming platform Huya would buy a stake in its Turtle Entertainment (ESL) business and help it expand into China.

MTG eyes expansion into China as Huya buys stake in e-sports firm ESL

Shares in MTG soared 24% on Monday after the Swedish e-sports and gaming firm said Chinese live streaming platform Huya would buy a stake in its portfolio company Turtle Entertainment (ESL) and help it expand into China.

Europe should ignore 'treacherous promises' of Facebook's Libra currency: ECB's Mersch

Facebook's proposed Libra currency could undermine the European Central Bank's ability to set monetary policy and Europe should ignore its siren call of "treacherous promises" ECB board member Yves Mersch said on Monday.

Wirecard signs cooperation agreement with SoftBank's Brightstar

Wirecard has signed a memorandum of understanding with SoftBank's Brightstar and anticipates "significant transaction volume" out of the deal, the German fintech announced on Monday.

Facebook's Libra could undercut ECB's powers: Mersch

Widespread acceptance of Facebook's proposed Libra currency could even undermine the European Central Bank's ability to set monetary policy, a potential risk for the currency bloc, ECB board member Yves Mersch said on Monday.

Tech support: Singapore seeks foreign talent for key sector as economy stumbles

Singapore is pursuing more foreign tech talent as it ramps up efforts to grow the sector, its trade minister said on Monday, adding that locals would also benefit from the plans amid concerns about preserving jobs as the economy sours.

Chinese face-swapping app goes viral, sparks privacy concerns

ZAO - a new Chinese app that lets users swap their faces with celebrities, sports stars or anyone else in a video clip - racked up millions of downloads on the weekend but swiftly drew fire over privacy issues.

World of Warcraft nostalgia to boost Activision Blizzard: Barron's

The initial reception for a re-launched version of a classic video game points to potential stock price growth of Activision Blizzard Inc, with new titles from key franchises also bolstering the company's outlook, according to Barron's.

Boxing champ Pacquiao launches his own crypto tokens

Philippine boxing champion Manny Pacquiao launched his very own cryptocurrency on Sunday at a free concert in Manila, where he serenaded more than 2,000 fans to drum up interest in the product.

LatAm delivery app Rappi plans to double footprint by year-end

Latin American delivery app Rappi plans to almost double the number of cities it operates in by year's end, its co-founder said on Friday, following a $1 billion injection from Japan's SoftBank that signals growing foreign interest in the region.

Twitter CEO's hacked account sends racist tweets before being secured

The account of Twitter Inc Chief Executive Jack Dorsey was hacked on Friday afternoon, sending public tweets and retweets including racial slurs and curse words to 4 million followers before Twitter secured the account.

Twitter CEO's hacked account sends racist tweets

The account of Twitter Inc Chief Executive Jack Dorsey was hacked on Friday afternoon, sending public tweets and retweets including racial slurs and curse words to 4 million followers.

Twitter CEO Jack Dorsey's account hacked

The account of Twitter Inc Chief Executive Jack Dorsey was hacked on Friday afternoon, sending public tweets and retweets including racial slurs and curse words to 4 million followers.

Google to pay up to $200 million to FTC on YouTube probe: source

Alphabet Inc's Google will spend up to $200 million to settle a Federal Trade Commission investigation into YouTube's alleged violation of a children's privacy law, a person briefed on the matter told Reuters.

U.S., Poland may sign 5G network security agreement on Pence visit: White House official

The United States and Poland may sign an agreement aimed at securing 5G networks when U.S. Vice President Michael Pence visits the European nation in the coming days, a senior White House official said on Friday.

China to exempt Tesla cars from 10% purchase tax

China will exempt Tesla Inc's electric vehicles from its purchase tax, the Ministry of Industry and Information Technology (MIIT) said on Friday, a concession made amidst trade tensions with the United States.

Google to pay up to $200 million to FTC on YouTube probe: Politico

Alphabet Inc's Google will pay in the range of $150 million to $200 million to settle the Federal Trade Commission's investigation into YouTube's alleged violation of a certain children's privacy law, Politico reported on Friday.

China to exempt Tesla cars from purchase tax

China will exempt Tesla Inc's electric vehicles from its purchase tax, the Ministry of Industry and Information Technology (MIIT) said on its website on Friday.

Amazon and Indian trader group in public spat over discounts

Amazon.com defended its business strategies in India as it came under fire from a local trader group on Friday over discounted products on the global e-commerce giant's website.

China's Xiaomi ditches mainland share offering plan

Chinese smartphone maker Xiaomi Corp said on Friday it had scrapped a mainland share offering plan in order to focus on its business development.