Company News

Malaysian 1MBD fund investigators to travel to Washington, sources say

Malaysian 1MBD fund investigators to travel to Washington, sources say

Published 10/07/2018

(Reuters) - Malaysian officials investigating a multibillion-dollar corruption scheme linked to a Malaysian state fund and former Prime Minister Najib Razak plan to meet with [more…]

China’s Didi signs up Continental for purpose-built electric cars

China’s Didi signs up Continental for purpose-built electric cars

Published 10/07/2018

BEIJING (Reuters) - China’s Didi Chuxing signed an agreement with German automotive supplier Continental AG on Tuesday to cooperate in developing internet-connected, electric cars tailor-made [more…]

Finland’s Nokia signs 1 billion euro deal with China Mobile

Finland’s Nokia signs 1 billion euro deal with China Mobile

Published 10/07/2018

(Reuters) - Nokia has signed a one billion euro ($1.17 billion) deal to support China Mobile, the Finnish network gear maker said on Tuesday. Under [more…]

India’s TCS first-quarter profit rises 24 percent, beats estimates

India’s TCS first-quarter profit rises 24 percent, beats estimates

Published 10/07/2018

(Reuters) - India’s biggest software services exporter, Tata Consultancy Services Ltd, posted a better-than-expected rise of about 24 percent in first-quarter net profit, helped by [more…]

Tesla to open plant in Shanghai with annual capacity of 500,000…

Tesla to open plant in Shanghai with annual capacity of 500,000…

Published 10/07/2018

SHANGHAI (Reuters) - Tesla Inc on Tuesday signed agreements with Shanghai authorities that will allow it to open a plant in the Chinese city with [more…]

SoftBank tightens grip on Yahoo Japan via $2 billion deal with Altaba

SoftBank tightens grip on Yahoo Japan via $2 billion deal with Altaba

Published 10/07/2018

TOKYO (Reuters) - SoftBank Group (9984.T) is increasing its stake in Yahoo Japan (4689.T) through a $2 billion, three-way deal with U.S. firm Altaba (AABA.O) [more…]

Tesla moves first to hike prices in China as trade war hits car makers

Tesla moves first to hike prices in China as trade war hits car makers

Published 10/07/2018

BEIJING/SHANGHAI (Reuters) - U.S. carmaker Tesla Inc has hiked prices on its Model X and S cars by about 20 percent in China, the first [more…]

Israel’s Together to sell cosmetics based on cannabis, Dead Sea…

Israel’s Together to sell cosmetics based on cannabis, Dead Sea…

Published 10/07/2018

JERUSALEM (Reuters) - Israel’s Together Pharma said on Tuesday it will set up a new company with Premier Dead Sea to sell cosmetics based on [more…]

Japan’s Takeda gains U.S. approval for $62 billion Shire buy

Japan’s Takeda gains U.S. approval for $62 billion Shire buy

Published 10/07/2018

TOKYO (Reuters) - Takeda Pharmaceutical Co Ltd on Tuesday said it has received U.S. approval for its $62 billion acquisition of London-listed Shire Plc, taking [more…]

Australian lawsuit funder files complaint against Facebook, flags…

Australian lawsuit funder files complaint against Facebook, flags…

Published 10/07/2018

SYDNEY (Reuters) - Litigation funder IMF Bentham Ltd (IMF.AX) is preparing to potentially sue social media giant Facebook Inc (FB.O) in Australia over its sharing [more…]