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  • Grab invests $100 million in Indian hotel startup OYO: source

    December 3, 2018 9:27 AM 143

    (Reuters) - Singapore-based ride-hailing firm Grab has invested $100 million in Indian hotel-reservations startup OYO, a source with knowledge of the matter told Reuters on Monday. The investment by Grab is part of the $1 billion fund raise OYO announced in September in a bid to grow its business in India and China, and expand into new international

  • Qualcomm sees no prospect for NXP acquisition

    December 3, 2018 5:22 AM 136

    (Reuters) - U.S. smartphone chip manufacturer Qualcomm Inc (QCOM.O) considers the prospect of an acquisition of NXP Semiconductors (NXPI.O) as closed, the company said on Monday. “While we were grateful to learn of President Trump and President Xi’s comments about Qualcomm’s previously proposed acquisition of NXP, the deadline for that transaction has expired

  • Samsung Elec says it will cancel $4.4 billion worth of shares

    November 30, 2018 1:33 AM 137

    SEOUL (Reuters) - Samsung Electronics Co Ltd (005930.KS) said on Friday it would cancel 4.9 trillion won ($4.4 billion) worth of its shares. Expected to be complete on Dec. 4, the cancellation was the second stage of its previously announced plan to cancel all of its treasury shares in two stages to enhance shareholder value. The first stage was canceled

  • Volkswagen's Seat brand to develop electric car platform in China with JAC

    November 28, 2018 8:20 PM 124

    FRANKFURT (Reuters) - Volkswagen’s (VOWG_p.DE) Spanish Seat brand said it will develop an electric car platform together with China’s Anhui Jianghuai Automobile Group Corp., Ltd (JAC), as part of a broader Asian expansion push. A battery electric vehicle platform will be developed for production in China and JAC Volkswagen will introduce the Seat brand

  • Facebook to expand its section for local news 'Today In'

    November 28, 2018 4:43 PM 120

    (Reuters) - Facebook Inc (FB.O) on Wednesday said it is expanding its ‘Today In’ feature, a dedicated section for local news and starting a test for local alerts from relevant government pages. The feature, which is now available in over 400 cities in the U.S., has also been launched as test in Australia, Facebook said in a blog post here. In addition

  • Ericsson sees 5G subscriptions hitting 1.5 billion in 2024

    November 27, 2018 9:03 AM 133

    STOCKHOLM (Reuters) - Swedish mobile network telecom gear maker Ericsson sees 5G subscriptions growing by 50 percent in 2024 to 1.5 billion, covering more than 40 percent of the world’s population. North America and northeast Asia are expected to lead the 5G uptake, with major U.S service providers starting to offer 5G services this year or in 2019, while

  • Tencent, Line to tie up in Japan mobile payment services: Nikkei

    November 27, 2018 12:30 AM 135

    TOKYO (Reuters) - Tencent Holdings Ltd and Japanese chat app operator Line Corp will tie up to offer mobile payment services for small Japanese retailers aiming to attract business from Chinese tourists, the Nikkei business daily reported on Tuesday. Line will start offering mobile payment services with leased terminals compatible with Tencent’s WeChat

  • Italy's SNAM signs deal with Volkswagen for gas-powered cars

    November 26, 2018 11:10 AM 130

    MILAN (Reuters) - Italian gas group Snam (SRG.MI) has a deal with Seat, a unit of German car maker Volkswagen VOWD_p.DE, to boost the use of natural gas to power cars, the two companies said on Monday. Snam and Seat will explore ways to develop fuel station networks and create new products. “For SEAT, one out of every five vehicles sold in Italy uses compressed

  • Twitter reunites long-lost cruise ship friends

    November 26, 2018 3:11 AM 237

    Brianna Cry, 19, and Heidi "Heii" Tran, 18, were reunited on Twitter Saturday after Cry's tweet, in which she asked for help finding her childhood friend, went viral. (iStock) Two childhood "best friends" were reunited on Saturday after one of them asked Twitter users for help finding her old pal. "Hey twitter, I met this girl on a dinner cruise in Hawaii

  • Mediaset eyes radio business' expansion in Spain

    November 23, 2018 2:28 PM 135

    MILAN (Reuters) - The radio unit of Italy’s biggest commercial broadcaster Mediaset is looking to enter the Spanish market and does not rule out potential acquisitions, Mediaset Radio CEO Paolo Salvaderi said on Friday. “We plan to expand in Spain with one of our radio stations ... we are in talks with some potential partner,” Salvaderi told Reuters