| | |
| SoftBank jumps to seven-week high on news of Alibaba U.S. listing Sunday, Mar 16, 2014 05:57 PM PDT  TOKYO (Reuters) - Shares in SoftBank Corp jumped as much as 6.6 percent to a seven-week high of 8,239 yen on Monday morning after its Chinese e-commerce affiliate Alibaba Group Holdings decided to hold its long-awaited share listing in the United States. Alibaba said in a statement on Sunday it had decided to begin the U.S. IPO process, ending months of speculation about where it would go public. The Chinese firm is in discussions with six banks to underwrite the deal, set to be the most high-profile public offering since Facebook Inc's listing nearly two years ago. ... Full Story | Top |
| Vodafone to buy Spain's Ono for 7.2 billion euros: source Sunday, Mar 16, 2014 05:26 PM PDT  (Reuters) - Britain's Vodafone has agreed to buy Spanish cable operator Ono for 7.2 billion euros ($10.03 billion) in a deal that is set to be announced on Monday, a person familiar with the matter told Reuters. The purchase of private equity-backed Ono will be Vodafone's third European fixed-broadband acquisition in two years as the company seeks to improve its networks and shore up its European businesses after the $130 billion sale of its U.S. arm. Vodafone declined to comment. Full Story | Top |
| Nikon drops to five-week low after China consumer show criticism Sunday, Mar 16, 2014 05:25 PM PDT  Shares in Nikon Corp shed 4.2 percent to a five-week low of 1,686 yen on Monday morning after it was criticized by a Chinese consumer show that said the camera maker had sold defective products in China and denied local consumers fair treatment in after-sales service. Nikon, which had sales of 118 billion yen ($1.16 billion) in China in 2013, said on Sunday that it was taking the report "very seriously" and had moved to improve its after-sales network in China, according to its official microblogging sites. Full Story | Top |
| Impoverished Haiti manufacturing its own Android tablet Sunday, Mar 16, 2014 10:00 AM PDT  By Amelie Baron PORT-AU-PRINCE (Reuters) - Better known for producing third-world poverty and political mayhem - as well as a world-class rum - the Western Hemisphere's least developed country has made a surprising entry into the high-tech world with its own Android tablet. Sandwiched between textile factories in a Port-au-Prince industrial park next to a slum, a Haitian-founded company has begun manufacturing the low-cost tablet called Sûrtab, a made-up name using the French adjective "sûr," meaning "sure," to suggest reliability. Dressed in sterile white work clothes, and a hair net, Sergine Brice is proud of her job. "I never imagined I could, one day, make a tablet by myself," she said. Full Story | Top |
| NATO websites hit in cyber attack linked to Crimea tension Sunday, Mar 16, 2014 07:28 AM PDT  By Adrian Croft and Peter Apps BRUSSELS/LONDON (Reuters) - Hackers brought down several public NATO websites, the alliance said on Sunday, in what appeared to be the latest escalation in cyberspace over growing tensions over Crimea. The Western military alliance's spokeswoman, Oana Lungescu, said on social networking site Twitter that cyber attacks, which began on Saturday evening, continued on Sunday, although most services had now been restored. At no time was there any risk to our classified networks," another NATO official said. NATO's main public website (www.nato.int), which carried a statement by Secretary-General Anders Fogh Rasmussen saying that Sunday's referendum on Crimea's status would violate international law and lack legitimacy, worked intermittently. Full Story | Top |
| Alibaba picks U.S. for IPO; in talks with six banks for lead roles Sunday, Mar 16, 2014 03:42 AM PDT  By Elzio Barreto and Denny Thomas HONG KONG (Reuters) - Chinese e-commerce giant Alibaba Group Holding Ltd has decided to hold its long-awaited IPO in the United States and is in discussions with six banks to underwrite the deal, in what is set to the most high-profile public offering since Facebook Inc's listing nearly two years ago. Alibaba said in a statement on Sunday it had decided to begin the U.S. IPO process, ending months of speculation about where it would go public. Analysts estimate the Hangzhou, China-based company has a value of at least $140 billion, and the IPO proceeds could exceed $15 billion, Reuters previously reported. Alibaba declined to comment on the banks working on the deal. Full Story | Top |
| Virgin Mobile Middle East plans Saudi launch by June Sunday, Mar 16, 2014 03:26 AM PDT By Matt Smith DUBAI (Reuters) - Virgin Mobile Middle East & Africa (VMMEA) said it expected to launch telecommunications services in Saudi Arabia in the first half of 2014 after the industry regulator gave it a licence. The Communication and Information Technology Commission (CITC) announced in June that VMMEA, part-owned by British entrepreneur Richard Branson's Virgin Group, was one of the winning bidders for three mobile virtual network operator (MVNO) licences in the kingdom. The virtual mobile operators do not own the networks they use but instead lease capacity from conventional operators, usually paying them a percentage of revenues as well as fees. Full Story | Top |
| Alibaba working with six banks to lead planned U.S. IPO: sources Sunday, Mar 16, 2014 02:01 AM PDT Alibaba Group Holding Ltd is working with six banks to lead its planned U.S. initial public offering, sources said on Sunday, in a huge coup that should yield millions of dollars in fees and catapult them in league table rankings. Alibaba is in discussions with Citigroup, Credit Suisse, Deutsche Bank, JPMorgan, Goldman Sachs and Morgan Stanley for the underwriting roles, the sources added. Earlier on Sunday, Alibaba said it has started the process for a U.S. IPO, but gave no time frame for the deal or disclose names of banks involved in the process. Full Story | Top |
| Japan's Mizuho in U.S., Canada suits over Mt. Gox bitcoin losses Saturday, Mar 15, 2014 10:28 PM PDT  Mizuho Bank, one of Japan's largest lenders, has became ensnared in North American legal fallout from Mt. Gox, once the world's biggest bitcoin exchange, which collapsed last month after losing nearly half a billion dollars worth of customers' digital currency. Lawsuits in the United States and Canada represent a new legal front - and a deep-pocketed defendant - in the battle over Mt. Gox, which claims hackers stole huge amounts of its own and its customers' assets. Mizuho, the core unit of Mizuho Financial Group Inc, Japan's second-biggest "megabank" by assets, was added as a defendant on Friday to an existing U.S. lawsuit against Mt. Gox for allegedly aiding in a fraud by providing banking services to the exchange. Also on Friday, Mizuho was named in a class-action lawsuit in Canada against Mt. Gox, alleging a lengthy security breach at Mt. Gox resulted in "the pilfering of millions of dollars' worth of its users' bitcoins. Full Story | Top |
|
No comments:
Post a Comment