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(Reuters) – After two years of popping up at high-profile events sporting Google Glass, the gadget that transforms eyeglasses into spy-movie worthy technology, Google co-founder Sergey Brin sauntered bare-faced into a Silicon Valley red-carpet event on Sunday. He’d left his pair in the car, Brin told a reporter. The Googler, who heads up the top-secret lab which developed Glass, has hardly given up on the product — he recently wore his pair to the beach. […]
(Reuters) – U.S. stock prices rose on Thursday, hovering near record highs, while crude fell below $80 a barrel for the first time in four years on further signs of a slowdown in China’s economy. Brent crude has fallen more than 30 percent since June, and the Organization of the Petroleum Exporting Countries (OPEC) said demand for its members’ oil could drop by about a million barrels per day in 2015 due to the U.S. shale boom. […]
(Reuters) – The Dow and S&P 500 ended slightly lower on Wednesday, breaking their five-day streak of record closing highs as energy and utility shares lost ground, while the Nasdaq climbed. Energy shares fell along with oil prices, with Brent crude oil breaking below $80 a barrel for the first time since September 2010. Shares of Exxon Mobil were down 1.1 percent at $95.38, while the S&P energy index dropped 0.9 percent. S&P utilities […]
(Reuters) – Japanese stocks scaled seven-year highs on Wednesday on growing expectations Prime Minister Shinzo Abe will postpone a planned sales tax hike to avoid damaging a fragile recovery, and call a snap election to bolster his political standing. Equity markets in the rest of Asia moved little after a flat close in a holiday-thinned Wall Street session, with MSCI’s broadest index of Asia-Pacific shares outside Japan off just 0.1 percent in early trade. Japan’s Nikkei […]
(Reuters) – E-commerce giant Alibaba’s Singles’ Day sales broke through the $8 billion mark late on Tuesday, illustrating the buying power of the Chinese consumer and the importance of the event in the retail calendar. The live sales figure on Alibaba Group Holding Ltd’s (BABA.N) giant screen at its sprawling Hangzhou campus surged past 2013’s record high to the 50 billion yuan ($8.16 billion) mark with almost three hours left on the clock as Chinese and overseas […]
(Reuters) – Microsoft Corp (MSFT.O) said it would roll out its Lumia 535 smartphone this month with an affordable price tag in its key markets, dropping the Nokia name just months after buying the Finnish company’s handset business. Loaded with its latest Windows Phone 8.1 operating system, the Lumia 535 and Lumia 535 dual SIM will be priced at around 110 euros (about $137) before taxes and subsidies, Microsoft said in a statement. The phone will feature a wide-angle 5 megapixel front-facing […]
(Reuters) – A long-awaited trading link between Hong Kong and Shanghai will launch on Nov. 17, a crucial step towards opening China’s capital markets that will give foreign and Chinese individual investors unprecedented access to each others’ stock exchanges. The announcement by Hong Kong and Chinese regulators on Monday comes as China is making a big push to widen the use of the yuan, with Canada and Malaysia becoming the latest addition to a growing […]
(Reuters) – BlackBerry, which has completed the first phase of its two-year turnaround plan, is now focused on profitability and will not spread itself thin by attempting to launch too many new devices, its chief executive said. John Chen, who took the reins at the struggling mobile technology company in November 2013, has moved rapidly to try to get the one-time investor darling back on track. The company has sold assets, struck partnerships to lower […]
(Reuters) – U.S. President Barack Obama said on Monday he sees momentum building for a Washington-backed free trade agreement in the Asia-Pacific, after arriving in Beijing on the first leg of an eight-day Asia tour. U.S officials had ruled out a major announcement on the ambitious 12-country Trans-Pacific Partnership (TPP) in Beijing, where Obama will attend the Asia-Pacific Economic Cooperation (APEC) forum and meet Chinese President Xi Jinping. But business leaders attending the APEC forum have been […]
(Reuters) – U.S. and European authorities have arrested 16 suspected members of underground drugs and weapons cybermarkets this week, in addition to the alleged operator of the website known as Silk Road 2.0, Europe’s police agency Europol said on Friday. U.S. authorities said on Thursday they had shut down Silk Road 2.0, the successor website to Silk Road, an underground online drugs marketplace, and charged its alleged operator, Blake Benthall, with conspiracy to commit drug […]
(Reuters) – BMW has developed street lights equipped with sockets to charge electric cars, it said on Friday, and will run a pilot project in Munich next year that uses existing local authority lighting networks. BMW said it has made two prototype “Light and Charge” street lights which combine efficient Light Emitting Diodes (LED) with the company’s ChargeNow recharging stations for electric cars. “Seamless charging infrastructure is essential if we want to see more electric […]
(Reuters) – Twitter Inc plans to open an office in Hong Kong early next year to serve greater China and tap advertising revenue from Chinese companies, the Wall Street Journal reported. The office is set to open in the first quarter of 2015 and will mainly house sales staff, Shailesh Rao, Twitter’s vice president for Asia Pacific, the Americas and emerging markets, told The Wall Street Journal. Twitter has been blocked by Chinese censors since 2009. Even if it does […]
