SEOUL (Reuters) - Hackers have stolen millions, lawmakers are pushing for new taxes and regulations, and a leading financial official has called them a “Ponzi scheme”. But that hasn’t cooled a frenzy for bitcoin and other virtual currencies that is gripping young investors in South...
SEOUL (Reuters) - Hackers have stolen millions, lawmakers are pushing for new taxes and regulations, and a leading financial official has called them a “Ponzi scheme”. But that hasn’t cooled a frenzy for bitcoin and other virtual currencies that is gripping young investors in South...
HONG KONG (Reuters) - Hong Kong bankers are eyeing a slew of blockbuster IPOs from Chinese technology firms with a total market capitalization of some $500 billion over the next two years, in a sharp contrast to 2017 - the city’s worst year for raising equity in a decade. If bankers’ exp...
(Reuters) - A consortium led by SoftBank Group Corp (9984.T) will buy a large number of shares of Uber Technologies Inc [UBER.UL] in a deal that values the ride-services firm at $48 billion, Uber said on Thursday, in a victory for new Chief Executive Dara Khosrowshahi. The price is a roughly 30 perc...
(Reuters) - Facing lawsuits and consumer outrage after it said it slowed older iPhones with flagging batteries, Apple Inc is slashing prices for battery replacements and will change its software to show users whether their phone battery is good. In a posting on its website Thursday, Apple apologized...
(Reuters) - A consortium led by SoftBank Group Corp (9984.T) successfully bought a large number of shares of Uber Technologies Inc [UBER.UL] in a deal that values the ride-services firm at $48 billion, Uber said on Thursday, handing a victory to new Chief Executive Dara Khosrowshahi. The price is a ...
SAN FRANCISCO (Reuters) - In years past, demand for Apple Inc’s (AAPL.O) latest flagship phone was critical to the company’s results over the holiday shopping quarter. That dynamic might be changing, however, as Apple’s widening lineup of devices and services more than makes up for...
(Reuters) - A consortium led by SoftBank Group Corp (9984.T) will buy a more than 15 percent stake in Uber Technologies Inc [UBER.UL] after existing investors in the ride services company agreed to sell shares at a price that values the startup at $48 billion, the Wall Street Journal reported on Thu...
(Reuters) - A consortium led by SoftBank Group Corp (9984.T) will go ahead with the purchase of a major stake in Uber Technologies Inc [UBER.UL] after existing investors in the ride services company agreed to sell shares at a price that values the startup at $48 billion, the Wall Street Journal repo...
(Reuters) - SoftBank Group Corp (9984.T) has succeeded in its bid to buy a large stake in Uber Technologies Inc [UBER.UL] at a steep discount, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The ride-hailing company's investors and employees tendered shares equa...
PARIS (Reuters) - Smartphone maker Apple (AAPL.O) and Japanese printer company Epson (6724.T) are facing legal complaints in France over allegedly speeding up the ageing process of their products to stimulate demand. A French consumer association called “HOP” -- standing for “Stop ...
SEOUL (Reuters) - South Korea’s LG Display Co Ltd on Thursday said it did not supply any organic light-emitting diode (OLED) panels for Apple’s iPhone X smartphones this year. In a regulatory filing, LG Display added that nothing has been decided about future panel supply for the iPhone ...
RIYADH (Reuters) - Apple and Amazon are in licensing discussions with Riyadh on investing in Saudi Arabia, two sources told Reuters, part of Crown Prince Mohammed bin Salman’s push to give the conservative kingdom a high-tech look. A third source confirmed that Apple was in talks with SAGIA, S...
SEOUL (Reuters) - South Korea’s government said on Thursday it will impose additional measures to regulate speculation in cryptocurrency trading within the country. “The government had warned several times that virtual coins cannot play a role as actual currency and could result in high ...
BEIJING (Reuters) - China’s commerce ministry said it is disappointed at the European Commission’s decision to launch a probe into Chinese exporters of electronic bicycles, adding that Europe misunderstands the Chinese market. The European Commission launched an investigation on Dec. 21 ...
SEOUL (Reuters) - South Korea will impose additional measures to regulate speculation in cryptocurrency trading, the government said on Thursday in a statement. The steps will include a ban on opening of anonymous cryptocurrency accounts and closing virtual coin exchanges as suggested by the justice...
SEOUL (Reuters) - South Korean prosecutors sought a 12-year jail term on Wednesday for Samsung Electronics Vice Chairman Jay Y. Lee, in a corruption case that led to the ouster of the nation’s president earlier this year. They made their demand in the Seoul High Court which is hearing an appea...
SEOUL (Reuters) - The heir to South Korea’s Samsung Group, convicted of bribing the country’s former president, on Wednesday denied allegations of wrongdoing as the appeals trial of his five-year jail term for corruption neared its end. Jay Y. Lee, the 49-year-old heir to one of the worl...
SAN FRANCISCO (Reuters) - Apple Inc (AAPL.O) defrauded iPhone users by slowing devices without warning to compensate for poor battery performance, according to eight lawsuits filed in various federal courts in the week since the company opened up about the year-old software change. The tweak may hav...
BEIJING/SAN FRANCISCO (Reuters) - Shares in Apple Inc (AAPL.O) and several of its Asian suppliers fell on Tuesday after a report by Taiwan’s Economic Daily and comments from some analysts suggested iPhone X demand could come in below expectations in the first quarter. Apple will slash its sale...
SINGAPORE/TOKYO/NEW YORK (Reuters) - Bitcoin rose 15 percent on Tuesday, recouping about half of the losses it sustained last week, its worst since 2013, as investors who had missed out on earlier rallies bought the world’s biggest and best-known digital currency. While bitcoin investors and a...
(Reuters) - Ride-hailing company Uber is working on a deal to sell its U.S. auto-leasing business Xchange Leasing to startup digital car marketplace Fair, according to a person familiar with the matter. Uber Technologies Inc [UBER.UL] said in September it was shutting down the auto-leasing business,...
(Reuters) - Tesla Inc will build a pickup truck soon after producing electric crossover vehicle Model Y, Chief Executive Elon Musk said on Tuesday. "I promise that we will make a pickup truck right after Model Y. Have had the core design/engineering elements in my mind for almost 5 years. Am dying t...
SINGAPORE/TOKYO/NEW YORK (Reuters) - Bitcoin rose 13 percent on Tuesday, recovering about half of the losses it sustained last week, its worst since 2013, as investors who missed out on earlier rallies bought the world’s biggest and best-known digital currency. While bitcoin investors and anal...
NEW YORK (Reuters) - Bitcoin held its overnight gains in early U.S. trading on Tuesday as the world’s biggest and best-known cryptocurrency rebounded on light trading volume from its worst week since 2013. At 8:33 a.m. (1333 GMT), the digital currency was last up almost 10 percent at $15,300.0...
NEW YORK (Reuters) - Healthcare, technology and Japanese small-cap stocks look poised to outperform the broader market in the year ahead, according to some of the best performing U.S.-based stock fund managers of 2017. Small-cap stocks should be among the largest winners of the newly-signed Republic...
(Reuters) - Ride-hailing firm Uber Technologies Inc has agreed to sell its U.S. auto-leasing business Xchange Leasing to startup car marketplace Fair.com, The Wall Street Journal reported on Tuesday, citing people familiar with the matter. The net book value of Xchange Leasing's more than 30,000 veh...
(Reuters) - Alphabet Inc’s Google (GOOGL.O) is looking to launch brick-and-mortar stores in India to boost sales of its Pixel smartphones, the Economic Times newspaper reported on Tuesday, citing three people with knowledge of the matter. Google is exploring the idea of physical stores after f...
BEIJING (Reuters) - Shares in several of Apple Inc’s (AAPL.O) Asian suppliers fell for a second straight day on Tuesday, hurt by a report from Taiwan’s Economic Daily and some analysts saying that iPhone X demand could come in below expectations in the first quarter. Apple will slash its...
SINGAPORE/TOKYO (Reuters) - Bitcoin extended its recovery in holiday-thinned trading on Tuesday, rising 10 percent to be up more than a third from last week’s lows of below $12,000. Bitcoin, the world’s biggest and best-known cryptocurrency, fell nearly 30 percent at one stage on Friday ...
