Fintech firms pose no risk to financial system G20 watchdog says

LONDON (Reuters) - Financial technology firms seeking to shake-up traditional banking pose no immediate risk to the financial system although their development needs to be carefully monitored, a global watchdog said on Thursday.

Goldman, JPMorgan, Morgan Stanley defeat appeal over Facebook IPO

A man stands outside of the St. Regis hotel holding a pamphlet of information on investing in the upcoming IPO of Facebook in New York May 10, 2012. REUTERS/Lucas Jackson

Renault-Nissan's Ghosn says mini-hybrids could compete in Europe

PARIS (Reuters) - Renault-Nissan's new gasoline-electric hybrid technology would be competitive in Europe, Chief Executive Carlos Ghosn said on Thursday, as carmakers turn away from diesel for smaller vehicles

JPMorgan plants digital payment flag at Wal-Mart

A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/Files

Google formally rejects EU antitrust charges, says evidence is lacking

A man holds his smartphone which displays the Google home page, in this picture illustration taken in Bordeaux, Southwestern France, August 22, 2016. REUTERS/Regis Duvignau

Drop in Facebook's stock makes for good time to connect: analysts

A man poses with a magnifier in front of a Facebook logo on display in this illustration taken in Sarajevo, Bosnia and Herzegovina, December 16, 2015. REUTERS/Dado Ruvic/Illustration/File Photo

Fitbit needs new hit for shares to regain health

(Reuters) - Fitbit Inc sports a catchy tagline: "Find your Fit". Analysts have a suggestion for the company: "Find your next hit".

Huawei launches new premium phone that can learn

MUNICH, Germany (Reuters) - Huawei Technologies [HWT.UL] took the wraps of a new premium phone on Thursday, adding a new artificial intelligence feature it hopes will help it close the gap with Apple and market leader Samsung, which is reeling from scrapping its flagship phone.

Chipmaker Lattice Semiconductor to be bought by Canyon Bridge

(Reuters) - Programmable chipmaker Lattice Semiconductor Corp said on Thursday that it is being bought by private equity buyout firm Canyon Bridge Capital Partners for $1.3 billion, including debt.

Renault eyes $8,000 electric car for China

PARIS (Reuters) - Renault's low cost electric car program is aiming for a price tag of $8,000 or less after Chinese incentives, Chief Executive Carlos Ghosn said on Thursday.

Thai Kasikornbank, IBM join forces on blockchain network

BANGKOK (Reuters) - Thailand's Kasikornbank Pcl has joined with the Thai unit of International Business Machines Corp to develop blockchain services in a bid to save costs and speed up transaction process, the companies said on Thursday.

Alphabet's Google moves to upgrade app store

SAN FRANCISCO (Reuters) - Alphabet Inc's Google is redoubling efforts to help developers of Android mobile apps build their businesses as concerns mount that the app economy has reached saturation.

China's Lenovo swings to second-quarter profit on property sale

HONG KONG (Reuters) - China's Lenovo Group Ltd , the world's largest personal computer (PC) manufacturer by shipments, on Thursday said it returned to profit in its second fiscal quarter, beating analyst estimates, due primarily to gains from an asset sale.

Samsung Electronics says reviewing ways to limit Note 7 environment impact

An exchanged Samsung Electronics' Galaxy Note 7 is seen at company's headquarters in Seoul, South Korea, October 13, 2016. REUTERS/Kim Hong-Ji

U.S. Commerce chief warns against China semiconductor investment binge

U.S. Commerce Secretary Penny Pritzker speaks during an interview with Reuters in Bogota, Colombia, October 20, 2016. REUTERS/Felipe Caicedo

Qualcomm reports better-than-expected quarterly revenue

The Qualcomm logo is seen on one of its many buildings in San Diego, California, U.S., November 2, 2016. REUTERS/Mike Blake

Facebook reports better-than-expected rise in revenue

(Reuters) - Facebook Inc reported a 55.8 percent rise in quarterly revenue, beating analysts' estimates, as its mobile-advertising sales soared.

Fitbit's holiday-quarter sales forecast misses estimates, shares plunge

(Reuters) - Wearable fitness device maker Fitbit Inc reported a lower-than-expected quarterly revenue and gave a current-quarter revenue forecast that was well below estimates as it faces stiff competition from rival device makers.

Bets against Twilio climb thanks to fresh supply of shares

SAN FRANCISCO (Reuters) - Bets against shares in Twilio Inc have climbed in recent days, thanks in part to a recent follow-on stock offer that increased the supply of shares available to traders.

Microsoft launches messaging system for businesses, takes on Slack

(Reuters) - Microsoft Corp launched a messaging system for businesses, Microsoft Teams, on Wednesday, putting it in direct competition with fast-growing startup Slack and Facebook Inc's Workplace product.

EU-U.S. personal data pact faces second legal challenge from privacy groups

BRUSSELS (Reuters) - A new EU-U.S. pact governing the transfer of personal data faces a second legal challenge, putting the details of the deal which underpins billions of dollars of transatlantic trade in digital services under further scrutiny.

UK fintech finds EU barriers emerging after Brexit vote

LONDON (Reuters) - Fallout from the vote to leave the European Union is already threatening the growth of financial technology firms in Britain, industry officials said on Wednesday.

Automakers are responsible for Takata air bag recalls: NHTSA

(Reuters) - The top U.S. vehicle safety regulator said on Wednesday that automakers have "ultimate responsibility" for the costs of replacing potentially deadly Takata Corp airbags, no matter what happens to the Japanese supplier.

Computer Virus Cripples UK Hospital System

Citing a computer virus outbreak, a hospital system in the United Kingdom has canceled all planned operations and diverted major trauma cases to neighboring facilities. The incident came as U.K. leaders detailed a national cyber security strategy that promises billions in cyberse...

Continue reading

Computer Virus Cripples UK Hospital System

Citing a computer virus outbreak, a hospital system in the United Kingdom has canceled all planned operations and diverted major trauma cases to neighboring facilities. The incident came as U.K. leaders detailed a national cyber security strategy that promises billions in cyberse...

Continue reading

Telenor shifts Myanmar focus to data services as 'hyper growth' era ends

YANGON (Reuters) - Norwegian telecoms company Telenor will focus on improving data services in Myanmar, the head of the local business said on Wednesday, as an era of rapid subscriber growth following the opening up of the economy has ended.

German minister reassured over access to Chinese electric car market

BEIJING (Reuters) - China has promised that German carmakers will not be discriminated against in the electric-car market, Germany's economy minister said in Beijing on Wednesday.

Tesla obliged to pay $1.7 billion to Panasonic for gigafactory cells

(Reuters) - Tesla Motors Inc had an obligation to pay a total of about $1.7 billion to Japan's Panasonic Corp as of Sept. 30 for electric vehicle battery cells made at Tesla's gigafactory in Nevada, the carmaker said in a regulatory filing.

Chipmaker Broadcom to buy network gear maker Brocade for $5.5 billion

(Reuters) - Chipmaker Broadcom Ltd said on Wednesday it would buy network gear maker Brocade Communications Systems Inc for $5.5 billion in cash, to expand its fiber channel and storage businesses.

Alibaba revenue beats expectations with strong e-commerce, media growth

BEIJING (Reuters) - Chinese e-commerce firm Alibaba Group Holding Ltd on Thursday reported a 55 percent rise in second-quarter revenue, beating analyst estimates, on the back of core online sales and strong media and entertainment growth.