Tag Archives: technology
India cenbank asks LSEG to explain forex system outage – source
MUMBAI (Reuters) - The Reserve Bank of India has sought an explanation from financial technology and data provider LSEG about an outage in the spot foreign exchange market on Friday, a source aware of...
Nov 10, 2023
Truckmaker Volvo to buy Proterra’s battery business for $210 million
STOCKHOLM (Reuters) - Swedish truckmaker Volvo said on Friday it had won an auction for the battery business of troubled Proterra in the United States with a $210 million bid. The auction was part of ...
Nov 10, 2023
Meta and Snap must detail child protection measures by Dec. 1, EU says
BRUSSELS (Reuters) - Facebook owner Meta Platforms and social media company Snap have been given a Dec. 1 deadline by the EU to give more information on how they protect children from illegal and harm...
Nov 10, 2023
Price wars during Chinese shopping fest expose consumer woes
By Sophie Yu and Casey Hall BEIJING (Reuters) - A ferocious price war among China's e-commerce retailers during the "Singles Day" shopping event is exposing further weakness in household consumption a...
Nov 10, 2023
Japan to allocate $13 billion for chip industry support in extra budget
TOKYO (Reuters) - Japan's government will allocate 1.99 trillion yen ($13 billion) to support efforts to boost its chip industry in a supplementary budget for the current fiscal year. Japan is a leadi...
Nov 10, 2023
Indonesia to cap interest on loans given by fintech companies
JAKARTA (Reuters) - Indonesia will in stages lower the maximum interest rates charged by financial technology (fintech) firms in the microfinance sector, amid complaints that overly high rates have be...
Nov 09, 2023
South Korea’s Yoon, Japan’s Kishida to attend technology roundtable on Nov. 17
SEOUL (Reuters) - South Korean President Yoon Suk Yeol plans to attend a roundtable on technological cooperation with Japanese Prime Minister Fumio Kishida at Stanford University on Nov. 17, Yoon's of...
Nov 09, 2023
Meta strikes deal to sell VR headset in China – WSJ
(Reuters) -Meta Platforms has struck a deal with Tencent Holdings to sell a new, lower-priced version of its virtual-reality (VR) headset in China, a return to the country 14 years after Facebook was ...
Nov 09, 2023
Apple supplier Luxshare to invest $330 million more in northern Vietnam
HANOI (Reuters) - Apple supplier Luxshare Precision Industry Co has been awarded a license to invest an additional $330 million in its plant in Vietnam's northern province of Bac Giang, raising the to...
Nov 09, 2023
Japan fund INCJ sells $1.8 billion of Renesas shares
TOKYO (Reuters) - Japanese state-backed fund INCJ said it has sold its entire stake in semiconductor manufacturer Renesas Electronics, offloading 279 billion yen ($1.84 billion) worth of shares. INCJ ...
Nov 09, 2023
