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Auto1 says no need for IPO after Softbank invests

Mon, 01/15/2018 - 11:14
BERLIN (Reuters) - German used-car dealing platform Auto1 said a 460 million euro ($561 million) financial infusion from Japan's Softbank meant it was under no pressure to launch an initial public offering to fund its pan-European growth plans.
Categories: TECHNOLOGY NEWS

Toymaker Lego teams up with Chinese internet giant Tencent

Mon, 01/15/2018 - 09:28
COPENHAGEN (Reuters) - Danish toymaker Lego is teaming up with Chinese internet giant Tencent Holdings Ltd to jointly develop online games and potentially a social network aimed at Chinese children.
Categories: TECHNOLOGY NEWS

SoftBank considers IPO for Japan wireless unit, said to seek $18 billion

Mon, 01/15/2018 - 06:30
TOKYO (Reuters) - SoftBank Group Corp said on Monday it was considering listing its Japanese wireless business, seeking to raise a reported $18 billion in a move that would accelerate the conglomerate's transformation into one of the world's biggest tech investors.
Categories: TECHNOLOGY NEWS

Ford plans $11 billion investment, 40 electrified vehicles by 2022

Mon, 01/15/2018 - 05:57
DETROIT (Reuters) - Ford Motor Co will significantly increase its planned investments in electric vehicles to $11 billion by 2022 and have 40 hybrid and fully electric vehicles in its model lineup, Chairman Bill Ford said on Sunday at the Detroit auto show.
Categories: TECHNOLOGY NEWS

Singapore central bank head hopes cryptocurrency tech will survive 'crash'

Mon, 01/15/2018 - 05:12
SINGAPORE (Reuters) - The head of Singapore's central bank said on Monday he hoped the technologies underpinning cryptocurrencies such as blockchain would not be undermined by an eventual crash in the digital money.
Categories: TECHNOLOGY NEWS

End of a chip boom? Memory chip price drop spooks investors

Mon, 01/15/2018 - 03:33
SEOUL (Reuters) - After a blistering year-and-a-half long surge, a sudden drop in some memory prices, followed by Samsung Electronics Co's disappointing profit estimate, is causing jitters among investors who had bet the chip boom would last at least another year.
Categories: TECHNOLOGY NEWS

SoftBank plans $18 billion IPO of mobile phone unit: Nikkei

Mon, 01/15/2018 - 02:58
TOKYO (Reuters) - SoftBank Group plans to list its mobile phone business and raise some US$18bn, the Nikkei newspaper has said, a spin-off that would complete the Japanese telecoms conglomerate's transformation into a global technology investor.
Categories: TECHNOLOGY NEWS

South Korea says planned ban on cryptocurrency market not yet finalized

Mon, 01/15/2018 - 02:15
SEOUL (Reuters) - South Korea said on Monday that its plans to ban virtual coin exchanges had not yet been finalized as government agencies were still in talks to decide how to regulate the market.
Categories: TECHNOLOGY NEWS

South Korea says planned ban on cryptocurrency market not yet finalised

Mon, 01/15/2018 - 02:14
SEOUL (Reuters) - South Korea said on Monday that its plans to ban virtual coin exchanges had not yet been finalised as government agencies were still in talks to decide how to regulate the market.
Categories: TECHNOLOGY NEWS

Jaguar Land Rover to open R&D center for automated tech in Ireland

Mon, 01/15/2018 - 01:24
LONDON (Reuters) - Britain's biggest carmaker Jaguar Land Rover said on Monday it would open a software engineering center in Ireland, creating 150 jobs to work on advanced automated driving and electrification technologies.
Categories: TECHNOLOGY NEWS

Softbank plans $18 billion IPO of mobile phone unit this year: Nikkei

Mon, 01/15/2018 - 01:15
TOKYO (Reuters) - SoftBank Group Corp plans to list its mobile-phone business and raise some $18 billion, the Nikkei newspaper said, a spin-off that would complete the Japanese telecoms conglomerate's transformation into a global technology investor.
Categories: TECHNOLOGY NEWS

Ford plans $11 billion investment, 40 electric vehicles by 2022

Mon, 01/15/2018 - 01:12
DETROIT (Reuters) - Ford Motor Co will significantly increase its planned investments in electric vehicles to $11 billion by 2022 and have 40 hybrid and fully electric vehicles in its model lineup, Chairman Bill Ford said on Sunday at the Detroit auto show.
Categories: TECHNOLOGY NEWS

Ford ups electric vehicle plans to $11 billion by 2022: executive

Sun, 01/14/2018 - 23:49
(Reuters) - Ford Motor Co will increase significantly its planned investments in electric vehicles to $11 billion by 2022, Chairman Bill Ford told reporters on Sunday at the Detroit auto show.
Categories: TECHNOLOGY NEWS

Ford to increase electric vehicle investment to $11 billion: executive

Sun, 01/14/2018 - 23:40
(Reuters) - Ford Motor Co will increase to $11 billion its investments in electric vehicles, Jim Farley, the company's head of global markets, said on Sunday at the Detroit auto show.
Categories: TECHNOLOGY NEWS

Softbank plans $18 billion IPO of mobile phone unit as soon as spring: Nikkei

Sun, 01/14/2018 - 22:52
TOKYO (Reuters) - SoftBank Group Corp plans to list its core mobile-phone unit in Tokyo and overseas as early as this spring, raising some 2 trillion yen ($18 billion) in one of Japan's biggest initial public offerings, the Nikkei newspaper said on Monday.
Categories: TECHNOLOGY NEWS

French telcos to spend $3.7 billion to plug network gaps

Sun, 01/14/2018 - 21:45
PARIS (Reuters) - France's mobile telephone operators will spend more than 3 billion euros ($3.7 billion) rolling out a 4G network to ensure there are no coverage gaps by 2020, a government minister said.
Categories: TECHNOLOGY NEWS

French telcos to spend $3.7 to plug network gaps

Sun, 01/14/2018 - 21:25
PARIS (Reuters) - France's mobile telephone operators will spend more than 3 billion euros ($3.7 billion) rolling out a 4G network to ensure there are no coverage gaps by 2020, a government minister said.
Categories: TECHNOLOGY NEWS

Softbank invests 460 million euros in Germany's Auto1: sources

Sun, 01/14/2018 - 21:04
BERLIN (Reuters) - Japan's Softbank will invest 460 million euros ($561 million) in used-car dealing platform Auto1, marking the first investment in Germany by its Vision Fund, according to sources familiar with the matter.
Categories: TECHNOLOGY NEWS

U.S. transport chief to unveil revised self-driving car guidelines

Sun, 01/14/2018 - 20:12
DETROIT (Reuters) - The Trump administration plans to unveil revised self-driving car guidelines this summer as the government works to rewrite regulations that pose legal barriers to robot vehicles, U.S. Transportation Secretary Elaine Chao said on Sunday.
Categories: TECHNOLOGY NEWS

U.S. transit chief to unveil revised self-driving car guidelines

Sun, 01/14/2018 - 19:36
DETROIT (Reuters) - The Trump administration plans to unveil revised self-driving car guidelines this summer as the government works to rewrite regulations that pose legal barriers to robot vehicles, U.S. Transportation Secretary Elaine Chao said on Sunday.
Categories: TECHNOLOGY NEWS

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