Argentina prepares 4G spectrum auction that could raise $800 million: source

BUENOS AIRES (Reuters) - Argentina is preparing to auction 90 megahertz of 4G spectrum to mobile telephone and internet companies in a process that has already attracted interest from Telecom Argentina SA, Telefonica SA and Claro, a government source told Reuters.

JD.com's finance unit aims to raise $1.9 billion, valuation set to double: sources

HONG KONG (Reuters) - JD.com Inc’s finance arm is looking to raise about 12 billion yuan ($1.9 billion) in fresh equity that could see its value double from last year to more than $20 billion, three people with knowledge of the matter said. FILE PHOTO: A logo of JD.com is seen on a helmet of a...

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Bike-sharing companies face an uphill ride in U.S.

SAN FRANCISCO (Reuters) - A bike-sharing craze that has swept China over the past two years is picking up speed in cities across the United States, but with a different spin as tough local regulations rein in the roll-out of dockless bikes. California-based bike sharing startup LimeBike displays its...

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UK city Birmingham wants further details from Uber before license decision

LONDON (Reuters) - Britain’s second city Birmingham is seeking clarity from Uber [UBER.UL] on its business model as it decides whether to renew the taxi app’s license after granting a temporary extension. FILE PHOTO: An Uber taxi is driven away from New Street Railway Station in Birmingh...

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JD.com's finance unit aims to raise $1.9 billion in fresh funding: sources

HONG KONG (Reuters) - JD.com Inc’s finance arm is looking to raise about 12 billion yuan ($1.9 billion) in fresh equity that could see its value double from last year to more than $20 billion, three people with knowledge of the matter said. FILE PHOTO: A logo of JD.com is seen on a helmet of a...

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Trading in Samsung Electronics to be halted April 30-May 3 for stock split

SEOUL (Reuters) - Samsung Electronics said on Friday trading in its shares will be halted for three days between April 30 and May 3 for its planned stock split. FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea South Korea, October 11, 2017. Picture tak...

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Leshi shares plunge after 'white knight' chairman resigns

HONG KONG (Reuters) - Shares in Leshi Internet Information & Technology Corp Beijing slumped 10 percent on Friday after its chairman resigned, fanning fears he would no longer play a white knight role for the embattled firm. FILE PHOTO: Chairman of Sunac China Holdings Ltd. Sun Hongbin speaks du...

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Shares in China's Leshi tumble after 'white knight' chairman resigns

HONG KONG (Reuters) - Shares in Leshi Internet Information & Technology Corp Beijing slumped by their daily limit of 10 percent on Friday after its chairman resigned, fanning fears he would no longer play a white knight role for the embattled firm. FILE PHOTO: Chairman of Sunac China Holdings Lt...

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Toyota, Uber in talks on self-driving tech: Nikkei

TOKYO (Reuters) - Uber Technologies [UBER.UL] is discussing the possibility of installing its self-driving system in Toyota Motor Co vehicles as the U.S. ride-hailing firm seeks to sell its autonomous driving technology to outside companies, the Nikkei reported on Friday. FILE PHOTO: The Toyota logo...

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China depository receipts to be launched soon: Shanghai Securities News

SHANGHAI (Reuters) - China is preparing to launch depository receipts that would open the door to some of the country’s top tech firms issuing a form of shares on the mainland, the state-run Shanghai Securities News said on Friday, citing a senior regulatory official. FILE PHOTO - A sign of Al...

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U.S. tech companies win changes in bill to limit China access to technology

WASHINGTON (Reuters) - Lawmakers pushing legislation aimed at preventing China from acquiring sensitive U.S. technology have proposed relaxing elements of the measure after lobbying by high-tech firms but will tighten another portion, according to a draft revision seen by Reuters. The Google logo is...

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With Qualcomm behind it, Broadcom looks to smaller deals

(Reuters) - Broadcom Ltd’s (AVGO.O) on Thursday said it was likely to pursue smaller acquisitions of chipmakers after its failed hostile takeover bid to acquire rival Qualcomm Inc (QCOM.O) and said that its smart phone chip business would see a drop in demand this quarter from a North American...

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Spotify touts growth over profits in listing pitch to retail investors

LONDON/SAN FRANCISCO (Reuters) - Streaming music leader Spotify used its cultural cool factor to appeal to mom-and-pop investors in an unconventional presentation ahead of its April 3 stock market listing. FILE PHOTO: Headphones are seen in front of a logo of online music streaming service Spotify, ...

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With Qualcomm saga behind it, Broadcom tops estimates

(Reuters) - Broadcom Ltd’s (AVGO.O) quarterly results topped estimates on Thursday on robust demand for its chips from smartphone makers, at a time when investors are closely watching the company’s next moves after its bid for fellow chipmaker Qualcomm was blocked. FILE PHOTO - sign to t...

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Broadcom tops revenue, profit on demand from smartphone makers

(Reuters) - Chipmaker Broadcom Ltd (AVGO.O) on Thursday reported better-than-expected quarterly profit and revenue on strong demand for its chips from smartphone makers. FILE PHOTO - sign to the campus offices of chip maker Broadcom Ltd is shown in Irvine, California, U.S., November 6, 2017. REUTERS...

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Spotify shuns traditional IPO, pitches growth to retail investors

LONDON/SAN FRANCISCO (Reuters) - Streaming music leader Spotify said on Thursday it has a clear path to profit as it spelled out to retail investors its growth plans and how it aims to fend off big rivals Apple Inc (AAPL.O) and Amazon.com Inc (AMZN.O) ahead of an unusual April 3 listing. FILE PHOTO:...

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UK's CMC Markets launches cryptocurrency trading

(Reuters) - Online trading platform CMC Markets Plc said on Thursday it had launched contracts for differences (CFDs) and spreadbetting offerings for cryptocurrencies following significant interest from its users. Bitcoin (virtual currency) coins are seen in an illustration picture taken at La Maiso...

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Spotify says path to profits clear ahead of April 3 listing

LONDON/SAN FRANCISCO (Reuters) - Streaming music leader Spotify said on Thursday it has a clear path to profit as it spelled out to investors its growth plans and how it aims to fend off big rivals Apple Inc (AAPL.O) and Amazon.com Inc (AMZN.O) ahead of an April 3 listing. FILE PHOTO: Headphones are...

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Spotify says path to profits clear ahead of stock market listing

LONDON/SAN FRANCISCO (Reuters) - Streaming music leader Spotify said on Thursday it has a clear path to profit as it prepared to spell out to investors the company’s growth plans and how it aims to fend off major rivals ahead of a stock market listing. FILE PHOTO: Headphones are seen in front ...

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GM to invest $100 million to upgrade facilities to build self-driving cars

WASHINGTON (Reuters) - General Motors Co (GM.N) said on Thursday it will invest more than $100 million in two facilities as it prepares to build production versions of its Cruise self-driving car next year at its Orion Township assembly plant in Michigan. FILE PHOTO - The GM logo is seen at the Gene...

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Airbus to shift employees to Google's G Suite: memo

PARIS (Reuters) - Airbus plans to install Google’s G Suite collaboration and productivity software for all 130,000 employees, according to a staff memo seen by Reuters. The logo of Airbus is pictured during Airbus annual press conference on the 2017 financial results in Blagnac near Toulouse, ...

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Blue Apron plans to sell meal kits in stores in 2018

(Reuters) - Blue Apron Holdings Inc said on Thursday it plans to sell meal kits in stores this year, as it attempts to spur growth by attracting more people to its subscription-based service. The Blue Apron logo is pictured ahead of the company's IPO on the New York Stock Exchange in New York, ...

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Alibaba plans listing in mainland China: WSJ

(Reuters) - E-commerce giant Alibaba Group Holding Ltd (BABA.N) is working on a plan to list on a stock exchange in its home country, China, the Wall Street Journal reported on Thursday, citing people familiar with the matter. A logo of Alibaba Group is pictured at its headquarters in Hangzhou,...

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What is 5G and who are the major players?

LONDON/SAN FRANCISCO (Reuters) - U.S. President Donald Trump has blocked microchip maker Broadcom Ltd’s (AVGO.O) $117 billion takeover of rival Qualcomm (QCOM.O) amid concerns that it would give China the upper hand in the next generation of mobile communications, or 5G. A 5G sign is seen at t...

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Uber to share its London data in latest charm offensive

LONDON (Reuters) - Uber [UBER.UL] said on Thursday it will share data gathered from the millions of trips its cars make in London in the latest move to meet requests from the city’s regulator, which stripped the taxi app of its license last year. FILE PHOTO: A photo illustration shows the Uber...

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EU antitrust regulators to decide on Apple, Shazam deal by April 23

BRUSSELS (Reuters) - EU antitrust authorities will decide by April 23 whether to clear iPhone maker Apple’s buy of British music discovery app Shazam, the European Commission said on Thursday. A 3D printed Apple logo is seen in front of a displayed European Union flag in this illustration take...

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AirBnB stays in Amsterdam up 25 percent despite restrictions: study

AMSTERDAM (Reuters) - Overnight stays in Amsterdam booked via AirBnB grew strongly in 2017, despite restrictions placed on homeowners by the city, according to a study published on Thursday by Colliers’ and Hotelschool The Hague. FILE PHOTO - A woman talks on the phone at the Airbnb office hea...

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Balancing act: Chip giant Qualcomm caught between Washington and Beijing

SHANGHAI (Reuters) - U.S. chipmaker Qualcomm Inc (QCOM.O), blocked this week from a takeover bid amid national security fears, was already walking a Pacific tightrope: it has government and defense contracts in America, but two-thirds of its revenue comes from China. FILE PHOTO: A sign on the Qualco...

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Walmart patents hint at future where its drones tend the farms

NEW YORK/CHICAGO (Reuters) - Walmart Inc’s patent filings hint that it may see a future where farmers use its drones to not only spot crop problems but selectively apply chemicals or even disperse pollen to bring shoppers the freshest and cheapest food possible. FILE PHOTO: A Walmart store is ...

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Exclusive: Amazon's internal numbers on Prime Video, revealed

(Reuters) - Amazon.com Inc’s top television shows drew more than 5 million people worldwide to its Prime shopping club by early 2017, according to company documents, revealing for the first time how the retailer’s bet on original video is paying off. FILE PHOTO: Passengers board a 42nd S...

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