China’s Baidu launches $1.5 billion autonomous driving fund
BEIJING (Reuters) – Chinese search engine Baidu Inc announced a 10 billion yuan ($1.52 billion) autonomous driving fund on Thursday as part of a wider plan to speed up its technical development and compete with U.S. rivals.
Dollar shines, Asia shares slip after Fed signals Dec rate hike
TOKYO (Reuters) – The U.S. dollar shone while Asian shares slipped on Thursday after the U.S. Federal Reserve announced a plan to start shrinking its balance sheet and signalled one more rate hike later this year.
What is at stake for Uber in U.S. bribery probe?
SAN FRANCISCO (Reuters) – A U.S. bribery investigation at ride-hailing company Uber Technologies Inc [UBER.UL] will likely go on for a year or more and could lead to snowballing legal and compliance costs if lawyers find systemic problems.
Avis, Hertz shares rise but remain in short-seller cross-hairs
NEW YORK (Reuters) – Shares of U.S. car-rental companies Avis Budget Group Inc and Hertz Global Holdings Inc have driven out of the ditch in recent weeks, aided in part by storms that devastated the southern United States.
Google to acquire HTC’s Pixel smartphone division in $1.1 billion deal
TAIPEI (Reuters) – Alphabet Inc’s Google said it would pay $1.1 billion in cash to acquire the division at Taiwan’s HTC Corp that develops the U.S. firm’s Pixel smartphones, its latest push into hardware manufacturing.
Toshiba prepares to formalize chips sale, even as rejected suitor steps up legal action
TOKYO (Reuters) – Japan’s Toshiba Corp is expected to formalize the sale of its prized memory chip unit on Thursday to a group led by U.S. private equity firm Bain Capital, even as jilted suitor and joint venture partner Western Digital took fresh le…
Plan to ease U.S. firearm export rules may relieve gunmakers facing sales slump
SAN FRANCISCO (Reuters) – A move by the Trump administration to make it simpler to sell small arms abroad may provide some relief to gun makers American Outdoor Brands and Sturm Ruger & Company in an industry grappling with a deep sales slump since the election of President Donald Trump.
Google to buy part of HTC’s smartphone operations for around $1 billion: source
HONG KONG/TAIPEI (Reuters) – Alphabet Inc’s Google is set to announce a deal to acquire part of Taiwanese firm HTC Corp’s smartphone operations for about $1 billion, a source with direct knowledge of the matter said on Thursday.
Oil dips on rising U.S. crude inventories and production
SINGAPORE (Reuters) – Oil markets dipped on Thursday, weighed down by rising U.S. crude inventories and production as well as a stronger dollar, which potentially hampers fuel consumption in countries that use other currencies at home.
Dollar shines, Asia shares slip after Fed signals December rate hike
TOKYO (Reuters) – The U.S. dollar shone while Asian shares slipped on Thursday after the U.S. Federal Reserve announced a plan to start shrinking its balance sheet and signalled one more rate hike later this year.
