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SoftBank’s Nikesh Arora to buy $483-million shares
21 Aug 2015 5:21 AM ISTThe successor-in-waiting at SoftBank said on Wednesday he would buy a whopping $483 million in company shares, after his move to the Japanese mobile...
Oz PM Abbott out to reduce legal challenges to mining projects
21 Aug 2015 5:20 AM ISTAustralia plans to change the law to stop environmental groups from launching “endless legal sabotage” against developments, Prime Minister Tony...
LG to put OLED first as Chinese LCD firms blunt South Korean edge
18 Aug 2015 6:53 AM ISTSouth Korea’s LG Display said on Monday that it will change its investment priority to advanced displays called OLEDs as Chinese manufacturers quickly...
China Net giant Tencent’s profit up 25%
14 Aug 2015 5:07 AM ISTNet profit for the three months to June 30 stood at 7.31 billion yuan ($1.14 billion), up 25 <g data-gr-id="21">per cent</g> from 5.84...
McDonald’s says sorry for its ‘don’t feed the homeless’ byte
14 Aug 2015 4:56 AM ISTMcDonald's France was forced to apologise on Wednesday following the emergence of an internal note reportedly ordering staff not to hand out food to...
China exchange suspends US hedge fund Citadel’s trading account
4 Aug 2015 7:11 AM ISTChina’s Shenzhen stock exchange has “suspended” a trading account used by a unit of Citadel, the US-based hedge fund said on Monday, after authorities...
Bitcoin exchange CEO fiddled with data more than 30 times
4 Aug 2015 7:09 AM ISTThe fresh allegation against France-born Karpeles, 30, follows his arrest Saturday by Tokyo police, more than a year after the once-dominant exchange...
BMW, Mercedes-Benz, Audi to buy Nokia map service for $3 bn
4 Aug 2015 6:59 AM ISTThe sale “should be concluded in the first quarter of 2016,” Nokia said in a statement, adding that it expected net proceeds from the deal of just...
Eyes on banks as Greek stock exchange to reopen today
3 Aug 2015 7:37 AM ISTAttention will be focused on Greece’s embattled banks on Monday when the Athens stock exchange reopens after a six-week shutdown over the country’s...
Bitcoin mega-fraud mastermind nabbed in Japan
3 Aug 2015 4:07 AM ISTJapanese police on Saturday arrested Mark Karpeles, head of the MtGox Bitcoin exchange, after a series of fraud allegations lead to its spectacular...
MH370 hunt: New 'metallic debris' found on La Reunion island
2 Aug 2015 11:22 PM ISTInvestigators on the Indian Ocean island took the debris into evidence as part of their probe into the fate of Malaysia Airlines flight MH370,...
Samsung Electronics suffers 8% profit fall
31 July 2015 7:47 AM ISTSouth Korean giant Samsung Electronics posted an 8 <g data-gr-id="40">per cent</g> fall in <g data-gr-id="31">second...