EU finance commissioner pledges to regulate digital currencies

The European Union's finance commissioner pledged on Tuesday, if he is reappointed, to propose new rules to regulate virtual currencies such as Libra, the currency Facebook plans to launch.

Sorrell buys Silicon Valley's Firewood in pursuit of red-hot digital growth

Martin Sorrell's S4 Capital has bought Silicon Valley's biggest independent agency, Firewood, for $150 million in its latest deal to form a purely digital global advertising firm.

China, asked about U.S. blacklisting of Chinese firms, says will protect its sovereign security

China's foreign ministry said on Tuesday that China will continue to take firm and resolute measures to protect its sovereign security, when asked about the U.S. blacklisting of Chinese firms.

EU to regulate crypto currencies such as Facebook's Libra: Dombrovskis

The nominee to become the European Union's next finance commissioner pledged on Tuesday to propose new rules to regulate crypto currencies such as Facebook's Libra.

Sorrell's S4 Capital content arm buys Firewood ad agency in digital push

S4 Capital's content unit, MediaMonks, is set to merge with Silicon Valley's biggest independent agency, Firewood, as the Martin Sorrell advertising vehicle ramps up its digital push and raises funds to expand.

Strong smartphone sales raise hopes of Samsung turnaround

Strong sales of Samsung Electronics' Galaxy Note 10 smartphone series are limiting forecast profit falls at the South Korean tech giant, raising hopes it is getting back on a growth track after years of moribund sales.

S4 Capital's digital content unit to merge with U.S.-based agency

Martin Sorrell's advertising vehicle S4 Capital on Tuesday said its digital content unit, MediaMonks, would merge with U.S.-based marketing agency Firewood as the company pushes further into a lucrative digital space.

Wirecard raises EBITDA, revenue and transaction targets for 2025

German payments firm Wirecard on Tuesday said it was increasing its 2025 targets for transaction volume, revenue and EBITDA due to organic growth drivers and partnerships, boosting its shares by 2.2% in premarket trade at Lang & Schwarz.

U.S. widens blacklist to include China's top AI startups ahead of trade talks

The U.S. government expanded its trade blacklist to include some of China's top artificial intelligence startups, punishing Beijing for its treatment of Muslim minorities and ratcheting up tensions ahead of high-level trade talks in Washington this week.

China's Hikvision resolutely opposes U.S. blacklisting: state media

Chinese state media said on Tuesday video surveillance firm Hikvision resolutely opposes the U.S. move to blacklist the firm, saying the decision has no basis in fact. The U.S. Commerce Department on Monday placed 28 Chinese public security bureaus and companies - including Hikvision - on a U.S. tra...

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South Korea's Hanwha likely to win from surveillance rivals' blacklisting: industry experts

South Korean video surveillance provider Hanwha Techwin stands to gain the most from the U.S. blacklisting of China's Hikvision and Dahua, an industry expert and insider said, as rivals sit poised to snatch share from the besieged market leaders.

Hyundai Card asks banks to pitch for IPO roles

Hyundai Card, the credit card unit of Hyundai Motor Group, said on Tuesday it has asked banks to submit proposals this month for roles in a possible initial public offering.

Samsung's third-quarter profit estimate exceeds expectations on smartphone sales

Samsung Electronics flagged slightly better than expected third quarter profit on Tuesday, helped by strong sales of its new Galaxy Note 10 smartphone series even as a slump in its memory chip business continued to weigh on earnings.

Oracle to hire 2,000 workers to expand cloud business to more countries

Oracle Corp plans to hire nearly 2,000 additional workers as part of an aggressive plan to roll out its cloud computing services to more locations around the world, its cloud chief told Reuters on Monday.

Amazon launches bigger local online store in Singapore

Amazon.com Inc has launched a bigger local store and marketplace in Singapore, expanding its product selection and intensifying competition with rivals such as Alibaba Group Holding Ltd's Lazada and Sea Ltd's Shopee.

State attorney general group probing Facebook could expand to 40: source

An estimated 40 U.S. state attorneys general will participate in a probe of Facebook Inc, a source said on Monday, suggesting many more states want allegations of anticompetitive practices at the social media company investigated.

Estimated 40 U.S. state attorneys general will join Facebook probe: source

An estimated 40 U.S. state attorneys general will participate in a probe of Facebook Inc, a source said on Monday, which would be a big increase in the number of states joining the investigation.

Facebook the focus of U.S. Justice Department and state AGs meeting

U.S. state attorneys general investigating Facebook Inc for alleged anti-competitive practices met on Monday with officials of the Justice Department and the Federal Trade Commission, New York Attorney General Letitia James said in a statement.

Facebook the focus of U.S. Justice Dept and state AGs meeting

U.S. state attorneys general investigating Facebook Inc for alleged anti-competitive practices met on Monday with officials of the Justice Department and the Federal Trade Commission, New York Attorney General Letitia James said in a statement.

State attorneys general meet in Washington to discuss Facebook

U.S. state attorneys general investigating Facebook Inc met on Monday with officials of the Justice Department and the Federal Trade Commission, both of which are probing the social media giant.