Japan's Nintendo books 36 percent profit jump, cuts Switch hardware forecast

Japan's Nintendo Co Ltd reported a 36 percent jump in quarterly operating profit on Thursday buoyed by strong software sales of its hybrid...

Aftab Ahmad January 31, 2019 0

France's 5G frequencies auction to start in autumn, minister tells Le Figaro

France's 5G telecoms frequencies auction will start this autumn, with licenses expected to be given at the start of 2020, junior minister Agnes...

Aftab Ahmad January 31, 2019 0

Purported hackers stole U.S. evidence to discredit Mueller probe: filing

U.S. Special Counsel Robert Mueller's office said on Wednesday that self-proclaimed hackers in Russia stole evidence in an attempt to tarnish its investigation...

Aftab Ahmad January 31, 2019 0

Software AG to invest 20 million-30 million euros in growth projects

Software AG, Germany's No.2 business software firm, said on Thursday it would invest 20 million to 30 million euros ($23-$34.5 million) this year...

Aftab Ahmad January 31, 2019 0

LG Electronics' fourth quarter profit plunges as rivals crowd TV business

South Korea's LG Electronics Inc posted its slowest quarterly profit growth in two years on Thursday citing higher marketing costs and tougher competition...

Aftab Ahmad January 31, 2019 0

Chinese EV carmaker NIO raises $650 million via convertible bond

Electric carmaker NIO Inc, one of the main rivals to Tesla in China, raised $650 million in a five-year convertible bond on Thursday,...

Aftab Ahmad January 31, 2019 0

Nokia sees fast shift to 5G ahead after strong fourth quarter

Telecom network equipment maker Nokia forecast stronger-than-expected 2019 and 2020 results thanks to fast-rising investments in 5G networks, after beating fourth-quarter sales and...

Aftab Ahmad January 31, 2019 0

South Korea's Netmarble to form consortium for Nexon holding company bid

South Korean gaming firm Netmarble said it will form a consortium to bid for a controlling stake in Nexon's holding company, the latest...

Aftab Ahmad January 31, 2019 0

China's Didi weighs job cuts in support functions: The Information

Chinese ride-hailing company Didi Chuxing is looking at cutting headcount in some departments by up to 20 percent, technology news website The Information...

Aftab Ahmad January 31, 2019 0

Facebook keeps attracting digital ads, shares jump after hours

Facebook Inc reported better-than-expected profit on Wednesday, showing that digital advertisers were still flocking to spend money on the service in order to...

Aftab Ahmad January 31, 2019 0

New York settles with sellers of 'fake' online followers, 'likes'

New York's attorney general on Wednesday said she has resolved a probe into a group of Colorado companies that once sold fake followers,...

Aftab Ahmad January 31, 2019 0

Tesla CFO leaves as automaker promises profits and cheaper cars

Tesla Inc's chief financial officer will leave the company as the automaker on Wednesday promised cheaper Model 3 sedans, the launch of Chinese...

Aftab Ahmad January 31, 2019 0

Alibaba stock rallies on handsome profit beat, optimistic commentary

E-commerce giant Alibaba Group Holding Ltd reported quarterly profit far above market expectations and played down worries of Chinese economic slowdown and U.S....

Aftab Ahmad January 31, 2019 0