Exclusive: China’s Meituan-Dianping mulls U.S. IPO of at least $3 billion in 2018 – sources
HONG KONG (Reuters) – China’s Meituan-Dianping, an online platform for ordering food and booking movies and restaurants, is considering an initial public offering in the United States as soon as next year, five people with knowledge of the matter told …
Asian shares hit 10-year highs, oil slips after rally
TOKYO (Reuters) – Asian shares rallied to their highest in a decade and Japan’s Nikkei climbed to its best close since 1992 on Tuesday, while oil prices held most of their gains a day after surging to more than two-year peaks on Saudi Arabia’s anti-cor…
Bargaining chip? China seen closely scrutinizing Qualcomm, Broadcom deal
SHANGHAI (Reuters) – A potential mega-merger between chipmaker Broadcom Ltd and U.S. rival Qualcomm Inc is likely to face stern scrutiny in China, antitrust lawyers say, amid a strategic push by Beijing into semiconductors.
Exclusive: Foreign credit card firms hit JV obstacle in China push – sources
HONG KONG/BEIJING (Reuters) – China is pressing foreign payment card companies to form local joint ventures for onshore operations, said three people familiar with the matter, a move that would counter a pledge on market access Beijing made to U.S. Pre…
Asian shares probe 10-year high, oil edges down after rally
TOKYO (Reuters) – Asian shares touched their highest in a decade on Tuesday, while oil prices edged down after surging to a more than two-year peak as Saudi Arabia’s crown prince cracked down on corruption.
Snapchat outage prompts complaints on Twitter
(Reuters) – Snapchat faced a worldwide outage for at least four hours on Monday, prompting a flood of complaints on rival mobile application Twitter a day before posting its third quarterly earnings as a public company.
Kraft Heinz restates cash flow statements for two quarters
(Reuters) – Kraft Heinz Co said on Monday it restated its cash flow statements for two quarters after it found that it implemented a new accounting standard since the start of 2017, instead of from 2018.
U.S. commerce chief says he is likely to divest Russia-linked shipping stake
WASHINGTON (Reuters) – U.S. Commerce Secretary Wilbur Ross said on Monday he probably would not keep his holdings in a shipping company with business ties to Russian President Vladimir Putin’s inner circle and that he had fully and properly disclosed i…
Apple says no operations were moved from Ireland
(Reuters) – Apple Inc said none of its operations were moved from Ireland and that changes made to its corporate structure in 2015 were specially designed to preserve tax payments to the United States, and not to reduce taxes anywhere else.
Will.i.am’s startup raises $117 million, enters enterprise market
SAN FRANCISCO (Reuters) – I.am+, the tech startup founded by pop star and entrepreneur will.i.am, has raised $117 million in venture funding, the company told Reuters on Monday as it announced its entry into the corporate computing market with a voice …
