Wary buyers cloud outlook for tech and auto companies in Asia

Wary buyers cloud outlook for tech and auto companies in Asia

Samsung says demand for phone and PC chips set to weaken further Server customers can adjust inventory in recession -Samsung Toyota misses April-June production target GM’s operations in China lost $100 million in the second quarter due to restrictions July 28 (Reuters) – Asian tech firms from chipmaker Samsung to display panel maker LG Display … Read more

Analysis: Why Elon Musk’s fight with Twitter could draw closer scrutiny from the SEC

Analysis: Why Elon Musk’s fight with Twitter could draw closer scrutiny from the SEC

WASHINGTON, July 14 (Reuters) – Twitter Inc. (TWTR.N) battling with Elon Musk to enforce his $44 billion deal to buy the social media platform could draw the attention of the US securities regulator to whether Musk misled the market during of the agreement. Twitter on Tuesday asked a Delaware court to order the Tesla Inc … Read more

Habs fury over Rogers breakdown could complicate their merger hopes

Habs fury over Rogers breakdown could complicate their merger hopes

The Rogers Building, the green corporate campus of Canadian media conglomerate Rogers Communications, is seen in downtown Toronto, Ontario, Canada July 9, 2022. REUTERS/Chris Helgren Join now for FREE unlimited access to Reuters.com Register TORONTO, July 10 (Reuters) – Rogers Communications (RCIB.TO) complicated its chances of securing antitrust approval for a C$20 billion telecommunications merger … Read more

Rogers network outage hits millions of Canadians, sparks outrage

Rogers network outage hits millions of Canadians, sparks outrage

Rogers dominates the telecommunications sector in Canada Banking services down, transportation disrupted The outage renews criticism of competition in the telecommunications sector TORONTO/OTTAWA, July 8 (Reuters) – A major network outage at one of Canada’s largest telecom operators shut down access to banking, transportation and government for millions of people all day Friday , sparking … Read more

Twitter promises legal battle after Musk pulls out of $44 billion deal

Twitter promises legal battle after Musk pulls out of  billion deal

July 8 (Reuters) – Tesla CEO Elon Musk (TSLA.O) and the world’s richest person, said Friday he was ending his $44 billion deal to buy Twitter (TWTR.N) because the social media company breached several provisions of the merger agreement. Twitter Chairman Bret Taylor said on the microblogging platform that the board plans to take legal … Read more

Japanese KDDI shares fall nearly 4% after giant mobile network outage

Japanese KDDI shares fall nearly 4% after giant mobile network outage

A man wearing a mask checks his mobile phone at a shopping district amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 25, 2020. REUTERS/Kim Kyung-Hoon Join now for FREE unlimited access to Reuters.com Register Nearly 40 million users affected by the outage; data service largely restored Stocks recoup some losses after an opening … Read more

KDDI aims to restore service on Sunday after 40 million users affected

KDDI aims to restore service on Sunday after 40 million users affected

A man wearing a protective face mask takes a photo with his mobile phone at midday at Shibuya Crossing during the coronavirus disease (COVID-19) outbreak in Tokyo, Japan March 31, 2020. REUTERS/Issei Kato Join now for FREE unlimited access to Reuters.com Register TOKYO, July 3 (Reuters) – Japanese mobile operator KDDI Corp (9433.T) said it … Read more

Tencent shares fall as Prosus/Naspers sell shares to fund buyouts

Tencent shares fall as Prosus/Naspers sell shares to fund buyouts

JOHANNESBURG/AMSTERDAM June 27 (Reuters) – Tech investor Prosus NV (PRX.AS)will leverage its huge stake in China’s Tencent to fund a stock buyback in itself and as the parent company of Naspers (NPNJn.J)the Dutch company said Monday, flipping shares of the Chinese tech giant. The move aims to close a gap between the market value of … Read more

Taliban demand release of funds frozen after deadly earthquake

Taliban demand release of funds frozen after deadly earthquake

The earthquake killed more than 1,000 people Sanctions and frozen central bank assets are curbing the flow of funding Taliban spokesman says relief must be prioritized KABUL, June 25 (Reuters) – Afghanistan’s Taliban administration on Saturday called on international governments to roll back sanctions and lift the freeze on central bank assets following the earthquake … Read more