In Silicon Valley, Chinese ‘accelerators’ aim to bring startups home
NEW YORK/ SAN FRANCISCO (Reuters) – Beijing’s unslakeable thirst for the latest technology has spurred a proliferation of “accelerators” in Silicon Valley that aim to identify promising startups and bring them to China.
Exclusive: RBS lawyers ask ex-staffer to destroy documents, DOJ informed
LONDON (Reuters) – Lawyers for Royal Bank of Scotland asked an ex-employee to destroy confidential documents, according to a letter seen by Reuters, in a move which the former staffer’s lawyer said put him at risk of legal action by the U.S. government.
Tencent’s market value soars as much as $34 billion after forecast-beating first quarter
HONG KONG (Reuters) – Robust earnings from Tencent Holdings sent its market value surging by as much as $34 billion on Thursday, helping the Chinese technology giant briefly reclaim the mantle of Asia’s most valuable listed company.
Euro hampered by Italian political risk; Asian shares ease
SINGAPORE (Reuters) – The euro struggled near five-month lows on Thursday as worries Italian populist parties might push for debt forgiveness from the European Central Bank triggered wider concerns about market disruption in the common currency region….
Exclusive: Intel’s Mobileye gets self-driving tech deal for 8 million cars
JERUSALEM (Reuters) – Mobileye, Intel Corp’s Israel-based autonomous driving unit, has signed a contract to supply eight million cars at a European automaker with its self-driving technologies, a company official told Reuters.
Toyota, Hyundai, Ford lead 9.6 percent European car sales gain
PARIS (Reuters) – European car sales rose 9.6 percent in April, led by Toyota , Hyundai and Ford , and boosted by an increase in the number of business days, according to industry data published on Thursday.
Asia oil thirst tab $1 trillion a year as crude rises to $80
By Henning Gloystein, Rajendra Jadhav and Neil Jerome Morales
Asian shares inch higher; euro tries to shake off Italian political risk
SINGAPORE (Reuters) – Asian shares edged higher on Thursday while the euro gained some respite after hitting five-month lows a day earlier.
Exclusive: Vietnam unit of Russia’s Rosneft fears Beijing backlash over South China Sea drilling
HANOI (Reuters) – Rosneft Vietnam BV, a unit of Russian state oil firm Rosneft , is concerned that its recent drilling in an area of the South China Sea that is claimed by China could upset Beijing, two sources with direct knowledge of the situation to…
Tencent shares rise after first quarter profit beats
HONG KONG (Reuters) – Shares of Tencent Holdings Ltd opened up 7 percent in Hong Kong on Thursday after it reported better-than-expected first-quarter results.
