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Google, Temasek to come in as new investors in Indonesia's Go-Jek: sources

Thu, 01/18/2018 - 11:19
SINGAPORE (Reuters) - Alphabet Inc's Google, Singapore state investor Temasek and Chinese online platform Meituan-Dianping are investing in Indonesian ride-hailing start-up Go-Jek as part of a $1.2 billion fundraising round, sources familiar with the matter said.
Categories: TECHNOLOGY NEWS

China's JD.com says will invest over $3 billion in "rustbelt" regions: Xinhua

Thu, 01/18/2018 - 10:24
SHANGHAI (Reuters) - Chinese online retailer JD.com will invest more than 20 billion yuan ($3.11 billion) in the country's northeastern "rustbelt" regions over the next three years, the Xinhua news agency reported on Thursday, citing the company.
Categories: TECHNOLOGY NEWS

Uber partners with taxi firm ComfortDelGro for new Singapore service

Thu, 01/18/2018 - 09:18
SINGAPORE (Reuters) - Uber Technologies [UBER.UL] and Singapore's top taxi operator ComfortDelGro Corp Ltd will launch a new ride-hailing service in Singapore from Friday, as they team up against their key regional rival Grab.
Categories: TECHNOLOGY NEWS

Exclusive: Amazon Studios to cut back on indie films in programing shift: sources

Thu, 01/18/2018 - 07:17
SAN FRANCISCO/NEW YORK (Reuters) - Amazon.com Inc, which has made waves in recent years buying art-house movies at the Sundance Film Festival, is heading to the prestigious event this week with a long-term change in the works: It plans to shift resources from independent films to more commercial projects, people familiar with the matter told Reuters.
Categories: TECHNOLOGY NEWS

Google, Temasek coming in as new investors in Indonesia's Go-Jek: sources

Thu, 01/18/2018 - 06:21
SINGAPORE (Reuters) - Alphabet Inc's Google , Singapore state investor Temasek Holdings Pte Ltd and Chinese online platform Meituan-Dianping are investing in a fundraising round of Indonesian ride-hailing start-up Go-Jek, sources familiar with the matter said.
Categories: TECHNOLOGY NEWS

Old hands in South Korea Bitcoin market unfazed by threats of ban

Thu, 01/18/2018 - 05:37
SEOUL/HONG KONG (Reuters) - Threats of a potential cryptocurrency trading ban in South Korea have scared many investors away, but some veterans of the young market are defiant, saying restrictions would be relatively easy to circumvent.
Categories: TECHNOLOGY NEWS

South Korea considers shutting down domestic cryptocurrency exchanges

Thu, 01/18/2018 - 05:33
SEOUL (Reuters) - South Korean policymakers joined the global chorus of virtual-coin critics on Thursday, saying Seoul is considering shutting down domestic virtual currency exchanges as the new breed of market exposes users to speculative frenzy and crime.
Categories: TECHNOLOGY NEWS

South Korea considering shutting down all virtual currency exchanges

Thu, 01/18/2018 - 04:02
SEOUL (Reuters) - South Korea's financial regulator chief said the government is considering shutting down all local virtual currency exchanges in a national policy committee meeting on Thursday.
Categories: TECHNOLOGY NEWS

Intel: Problem in patches for Spectre, Meltdown extends to newer chips

Thu, 01/18/2018 - 03:05
(Reuters) - Data center computers with Intel Corp's newer chips might reboot more often than normal because of problems with the patches issued to fix the so-called Spectre and Meltdown security flaws, the company said on Wednesday.
Categories: TECHNOLOGY NEWS

Toshiba sees $3.7 bln balance sheet improvement from Westinghouse deal

Thu, 01/18/2018 - 03:04
TOKYO (Reuters) - Toshiba Corp said on Thursday it would sell its claims in bankrupt nuclear unit Westinghouse Electric Co to a group led by the Baupost Group - a move that would contribute to an improvement of about 410 billion yen ($3.68 billion) in its balance sheet.
Categories: TECHNOLOGY NEWS

South Korea's financial regulator says considering shutting down all virtual currency exchanges

Thu, 01/18/2018 - 02:49
SEOUL (Reuters) - South Korea's financial regulator chief says the government is considering shutting down all local virtual currency exchanges in a national policy committee meeting on Thursday.
Categories: TECHNOLOGY NEWS

Toshiba sees $3.7 billion balance sheet improvement from Westinghouse deal

Thu, 01/18/2018 - 01:55
TOKYO (Reuters) - Toshiba Corp said on Thursday it would sell its claims in bankrupt nuclear unit Westinghouse Electric Co to a group led by the Baupost Group - a move that would contribute to an improvement of about 410 billion yen ($3.68 billion) in its balance sheet.
Categories: TECHNOLOGY NEWS

Big portion of future GM electric vehicles for China market: executive

Thu, 01/18/2018 - 01:43
DETROIT (Reuters) - General Motors Co's China unit will sell a "substantial portion" of the automaker's future electric vehicles, GM China President Matt Tsien said on Wednesday.
Categories: TECHNOLOGY NEWS

Verizon says new U.S. tax law to increase fourth-quarter earnings

Thu, 01/18/2018 - 00:28
NEW YORK (Reuters) - Verizon Communications Inc said on Wednesday the tax overhaul bill signed into law by U.S. President Donald Trump late last year will result in a one-time reduction in net deferred income tax liabilities of about $16.8 billion.
Categories: TECHNOLOGY NEWS

U.S. enterprise telecoms firm Avaya trades again after bankruptcy

Wed, 01/17/2018 - 23:55
(Reuters) - Avaya Holdings Corp shares started trading on Wednesday on the New York Stock Exchange, the first time the enterprise telecommunications provider has been public in more than a decade.
Categories: TECHNOLOGY NEWS

Verizon says new U.S. tax law to increase 4th-qtr earnings

Wed, 01/17/2018 - 23:39
NEW YORK (Reuters) - Verizon Communications Inc said on Wednesday the tax overhaul bill signed into law by U.S. President Donald Trump late last year will result in a one-time reduction in net deferred income tax liabilities of about $16.8 billion.
Categories: TECHNOLOGY NEWS

Verizon says new tax law to increase fourth-quarter earnings

Wed, 01/17/2018 - 23:11
NEW YORK (Reuters) - Verizon Communications Inc said on Wednesday the tax overhaul bill signed into law by U.S. President Donald Trump late last year will result in a one-time reduction in net deferred income tax liabilities of about $16.8 billion.
Categories: TECHNOLOGY NEWS

Apple plans new U.S. campus, to pay $38 billion in foreign cash taxes

Wed, 01/17/2018 - 23:00
(Reuters) - Apple Inc will open a new campus as part of a 5-year, $30 billion U.S. investment plan and will make about $38 billion in one-time tax payments on its overseas cash, one of the largest corporate spending plans announced since the passage of a tax cut signed by U.S. President Donald Trump.
Categories: TECHNOLOGY NEWS

Apple issues $2,500 bonuses to employees after new tax law: Bloomberg

Wed, 01/17/2018 - 22:26
(Reuters) - Apple Inc told its employees on Wednesday that the iPhone maker is issuing a bonus of $2,500 worth of restricted stock units following the new U.S. tax reform, Bloomberg reported, citing people familiar with the matter.
Categories: TECHNOLOGY NEWS

Under threat: Cyber security startups fall on harder times

Wed, 01/17/2018 - 21:15
SAN FRANCISCO (Reuters) - A wave of cyber attacks by criminals, spies and hacker activists should make these heady days for U.S. cyber security startups.
Categories: TECHNOLOGY NEWS

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