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  • WeWork helping global mid-sized firms set up shop in India

    September 15, 2017 1:04 PM 5

    Firms with revenues of $500 mn eager to get access to country's vast base of tech talent Softbank-backed co-working space provider WeWork says it is helping medium and even large sized firms that are part of its global clientele to set up shop in India as they look to tap the country's growing market and talent base to build products and services here. While

  • BMW says car keys may be replaced by mobile phone apps

    September 15, 2017 11:20 AM 4

    FRANKFURT - BMW is reviewing the necessity of car keys, Ian Robertson, the company's board member responsible for sales told Reuters. The fact that customers now all carry a smartphone and the availability of a BMW App which allows customers to unlock their vehicle, has made old fashioned keys less relevant. "Honestly, how many people really need it," Robertson

  • Hyundai Motor's China JV resumes supplier payments

    September 15, 2017 8:25 AM 4

    SEOUL - Hyundai Motor Co on Friday said its Chinese joint venture with BAIC Motor Corp Ltd has resumed making payments to suppliers, easing concern about another plant suspension. The South Korean automaker last week restarted a Chinese car plant which had been suspended as delayed payments prompted one firm to stop supplying parts. The delayed payments

  • ViaBTC becomes second China bitcoin trading platform to shut down

    September 15, 2017 7:15 AM 4

    SHANGHAI - Chinese cryptocurrency exchange ViaBTC on Friday said it will shut its mainland China exchange business on Sept. 30, becoming the second this week to announce a shutdown amid a crackdown by Beijing on the sector. ViaBTC said in a statement on its website that it would close registration, asset deposits and all trading pairs on Sept. 25 and would

  • Private home sales see 165% jump year-on-year in August

    September 15, 2017 7:11 AM 4

    SINGAPORE: Private home sales saw a 165 per cent year-on-year jump last month, according to the latest figures from the Urban Redevelopment Authority (URA) on Friday (Sep 15). A total of 1,241 private home units - excluding executive condominiums (ECs) - were sold in August this year, compared with 468 units sold in the same month in 2016. On a month-on-month

  • China internet finance body suggests framework to support virtual currencies

    September 15, 2017 2:55 AM 4

    SHANGHAI - A senior executive at China's internet finance association has urged Chinese regulators to create a framework of regulations to support the development of digital currencies amid a fierce crackdown on trading on virtual tender such as bitcoin. Li Lihui, a senior official at the National Internet Finance Association of China and a former president

  • Singtel launches unlimited data mobile plans

    September 15, 2017 1:37 AM 4

    SINGAPORE: Singtel on Friday (Sep 15) launched mobile plans offering unlimited data, two weeks after rivals StarHub and M1 unveiled similar plans catering to data-hungry consumers. Singtel's Combo 3, 6 and 12 mobile plans will be upgraded to include unlimited talk time and SMS. New customers who sign up for these plans can get unlimited local data with an add-on

  • Fox-Sky referral 'important for public confidence': UK Culture Secretary

    September 14, 2017 3:05 PM 4

    CAMBRIDGE, London - Britain's Culture Secretary Karen Bradley said she had referred Rupert Murdoch's bid for Sky to regulators on the grounds of broadcasting standards because the public had to have full confidence in the process. "I think that the threshold for reference that I have to take is lower than the threshold maybe for the fit and proper test that (regulator)

  • U.S. action against Kaspersky Lab is unfair competition: Kremlin

    September 14, 2017 2:20 PM 4

    MOSCOW - U.S. action against Kaspersky Lab is designed to undermine the competitive position of Russian firms worldwide and amounts to unfair competition, Kremlin spokesman Dmitry Peskov told reporters on Thursday. Peskov was speaking after the Trump administration on Wednesday told U.S. government agencies to remove Kaspersky Lab products from their

  • Stock markets vie to host Saudi's Aramco IPO

    September 14, 2017 11:45 AM 3

    LONDON - Saudi Arabia's state-owned oil company, Aramco, is set to stage what could be the largest initial public offering in history next year and stock exchanges around the world are competing for the chance to list its shares. A Reuters graphic shows the potential range of the value of Aramco's listed shares against the average 2016 market capitalization