NEW YORK (Reuters) - Commerzbank AG, Bank of Montreal, Erste Group Bank AG and CaixaBank SA have joined an initiative launched by UBS Group AG and IBM Corp aimed at building blockchain-based technology to support trade finance transactions. The platform called Batavia would help banks and their clie...

MUMBAI (Reuters) - India has approved smartphones maker Oppo’s request to open single-brand retail stores in the country, paving the way for the Chinese firm to sell directly to consumers and add to its existing wholesale business. The move would help Oppo expand its reach in the world’s...

(Reuters) - Russia-linked Facebook ads during last year’s U.S. presidential election mainly focussed on the states of Michigan and Wisconsin, CNN reported on Tuesday. The ads targeted key demographic groups and used divisive messages including promoting anti-Muslim sentiment, the report said, ...

SAN FRANCISCO (Reuters) - Uber Technologies Inc’s [UBER.UL] fractured board declared peace on Tuesday, attempting to put months of strife behind it by unanimously passing a series of measures to shore up corporate governance, bring in major investor SoftBank and diminish the power of former Ch...

(Reuters) - Yahoo on Tuesday said that all 3 billion of its accounts were hacked in a 2013 data theft, tripling its earlier estimate of the size of the largest breach in history, in a disclosure that attorneys said sharply increased the legal exposure of its new owner, Verizon Communications Inc (VZ...

SAN FRANCISCO (Reuters) - Uber Technologies Inc directors on Tuesday voted to allow Japan’s SoftBank Group to invest in the ride services company and approved a series of governance changes that increases the independence of the board and decreases the influence of former Chief Executive Offic...

(Reuters) - Yahoo, now part of Verizon Communications Inc (VZ.N), said on Tuesday that an investigation showed all 3 billion of its user accounts were affected in a 2013 data theft, tripling its earlier estimate of the largest breach in history. However, the company said the investigation indicated ...

WASHINGTON (Reuters) - Allowing foreign governments to require reviews of software secrets of technology products built by U.S. companies is “problematic,” the top White House cyber security official said on Tuesday, adding that the increasingly common arrangements presented both securit...

(Reuters) - Goldman Sachs Group Inc (GS.N) Chief Executive Lloyd Blankfein said he is keeping an open mind on bitcoin after a media report that the investment bank was exploring a new trading operation dedicated to cryptocurrencies. "Still thinking about #Bitcoin. No conclusion - not endorsing/rejec...

SAN FRANCISCO (Reuters) - Traders on Tuesday were “clamoring” to borrow shares of Roku (ROKU.O) in order to sell them short following the video-streaming company’s initial public offer last week, according to S3 Partners. Shares of the Los Gatos, California company dropped 10.5 per...

(Reuters) - Goldman Sachs (GS.N) Chief Executive Lloyd Blankfein is keeping an open mind on bitcoins. "Still thinking about #Bitcoin. No conclusion - not endorsing/rejecting. Know that folks also were skeptical when paper money displaced gold," Blankfein tweeted on Tuesday. (bit.ly/2xP543l) His twee...

(Reuters) - Investors put aside worries about Tesla Inc (TSLA.O) meeting production targets for its Model 3 mass-market sedan to push the electric car maker’s shares higher on Tuesday, overturning an initial drop of almost 3 percent. Tesla stirred concern among some analysts and investors on M...

WASHINGTON (Reuters) - Allowing foreign governments to require reviews of software secrets of technology products built by U.S. companies is “problematic,” the top White House cyber security official said on Tuesday, adding that the increasingly common arrangements presented both securit...

LONDON (Reuters) - Uber [UBER.UL] promised to make things right in London after its new global boss had a “constructive” meeting with the city’s transport regulator to try to hold on to the app’s operating license in one of its main foreign markets. Transport for London (TfL)...

BRUSSELS (Reuters) - EU regulators are expected to order Amazon (AMZN.O) on Wednesday to pay Luxebourg millions of euros in back taxes, a person familiar with the matter said, the latest global company to be hit by an EU crackdown on unfair tax deals. The European Commission ruling wraps up a three-...

LONDON (Reuters) - Uber’s new CEO Dara Khosrowshahi had a constructive meeting with London’s transport boss on Tuesday, the company said, just days after the city refused to renew its operating license. “Our new CEO had a constructive meeting with the Transport Commissioner this af...

WASHINGTON (Reuters) - The former head of Equifax Inc (EFX.N) apologized repeatedly on Tuesday at a congressional hearing for the theft of millions of people’s personal data in a hacking breach, saying it took weeks for the credit bureau to understand the extent of the intrusion. Richard Smith...

(Reuters) - Worries about whether Tesla Inc would meet its promises on production of its Model 3 mass-market sedan in the months ahead sent the electric car maker’s shares more than 2 percent lower on Tuesday as those in rivals climbed. The moves also followed a series of announcements by riva...

LONDON (Reuters) - Uber’s new global boss Dara Khosrowshahi was due to meet London’s transport regulator on Tuesday as the taxi hailing app fights to keep its license in one of its main foreign markets. Transport for London (TfL), which runs and regulates the capital’s transport sy...

(Reuters) - Shares in Tesla Inc fell 2.5 percent on Tuesday after the luxury electric vehicle maker said the planned ramp-up of its Model 3 mass-market sedan faced production bottlenecks. The moves also followed a series of announcements by rival General Motors on its own electric car ambitions, whi...

STRASBOURG (Reuters) - The European Commission will propose on Wednesday changes to the way sales taxes are levied in the European Union with the aim of tackling fraud and curbing firms’ excessive tax-planning, a move that could hit U.S. online retailer Amazon (AMZN.O). The plan is part of a b...

BEIJING/DETROIT (Reuters) - U.S. automaker Ford Motor Co (F.N) is overhauling its China plans as its global “One Ford” strategy is holding it back in the world’s biggest auto market, two high-ranking company insiders told Reuters. The review of its China operations, part of a broad...

(Reuters) - Shares in Tesla Inc were down 2 percent in trading before the bell on Tuesday after the luxury electric vehicle maker said its planned ramp-up for the new Model 3 mass-market sedan faced production bottlenecks. Tesla, which began production of the Model 3 in July, has so far delivered ju...

PARIS (Reuters) - Amazon (AMZN.O) has approached various French supermarket operators - including Casino (CASP.PA) - about setting up distribution deals or making an acquisition in the country, newspaper Le Monde reported, citing its own sources. Le Monde said Amazon had contacted Casino over Casino...

DUBLIN (Reuters) - Ireland’s High Court on Tuesday said it would ask the EU’s top court to decide whether to ban the way in which Internet firms such as Facebook (FB.O) transfer users’ data to the United States in a case with major implications for companies. This case is the lates...

CHIBA (Reuters) - Japanese electronics components firm Murata Manufacturing Co Ltd aims to turn around its money-losing battery business within two to three years as its safety technology draws strong interest from smartphone vendors, its chief executive said. “We are seeing brisk demand for o...

DUBLIN (Reuters) - Ireland’s High Court on Tuesday said it would ask the EU’s top court to decide whether to ban the legal instrument used by Internet giants like Facebook (FB.O) to transfer users’ data to the United States in a case with major ramifications for the industry. &ldqu...

TOKYO (Reuters) - Japan’s Toshiba Corp (6502.T) said on Thursday it is buying back a 10 percent stake in Westinghouse Electric Co from minority shareholder Kazatomprom for 59 billion yen ($522 million), taking full ownership of the bankrupt U.S. unit. The move comes as Westinghouse is explorin...

NEW YORK (Reuters) - R3 CEV, a New York-based company that runs a consortium of banks, has released a new version of its blockchain platform that it hopes will make it easier for financial firms to use the nascent technology. The new version of the company’s platform called Corda includes a fe...

WASHINGTON (Reuters) - U.S. lawmakers are due to question the former head of Equifax Inc (EFX.N) at a Tuesday hearing that could shed light on how hackers accessed the personal data of more than 140 million consumers. Richard Smith retired last week but the 57-year-old executive will answer for the ...