Asia

Apple faces down Qualcomm, Ericsson over EU patent fees

By Foo Yun Chee BRUSSELS (Reuters) – The European Union is drawing up guidelines on how much patent holders should charge for their technologies, a thorny issue that pits Apple and other users against Qualcomm and Ericsson. Trillions of dollars in sales are at stake as regulators ponder whether a fridge maker should pay a […]

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Paterson replaces injured Morkel in S.Africa test squad

POTCHEFSTROOM, South Africa (Reuters) – South Africa have called up uncapped Dane Paterson to replace injured strike bowler Morne Morkel in their squad for the second test against Bangladesh starting in Bloemfontein on Friday, Cricket South Africa announced on Monday. Morkel is out for the next six weeks after suffering a tear to his left […]

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SoFi’s CEO hiatus stalls its big-time banking ambitions

By Heather Somerville and Anna Irrera SAN FRANCISCO/NEW YORK (Reuters) – Under the leadership of Chief Executive Mike Cagney, Social Finance Inc (SoFi) set its sights on becoming a one-stop shop for every well-to-do millennial looking for financial services and a romantic partner.      One of the most valuable private financial technology startups in the […]

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South Africa race to big win after Bangladesh collapse

POTCHEFSTROOM, South Africa (Reuters) – Kagiso Rabada and Keshav Maharaj ran through the Bangladesh batting order to lead South Africa to an emphatic 333-run victory in the first test as the visitors capitulated meekly on the final morning on Monday. Resuming at Senwes Park on 49 for three and hoping to provide some stubborn resistance, […]

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UK water utility’s green bond is start of a “new wave”: ING

By Nina Chestney LONDON (Reuters) – Anglian Water’s issuance of the first water utility green bond in Europe should pave the way for more such instruments which should help the market grow, Dutch bank ING’s head of sustainable capital markets said. Green bonds are a growing category of fixed-income securities, which raise capital for projects […]

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TSMC’s Chang, known as father of Taiwan’s chip industry, to retire

By Jess Macy Yu TAIPEI (Reuters) – Taiwan Semiconductor Manufacturing Co (TSMC) founder and chairman Morris Chang will retire in June, after having built the Apple Inc supplier into the world’s biggest foundry chipmaker with a market value of about $185 billion. Chang, who is 86 and is known as the father of Taiwan’s chip […]

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Uber board to consider vote to cut Kalanick influence: Bloomberg

(Reuters) – Directors at Uber Technologies Inc [UBER.UL] plan to vote on board reforms and whether to pursue a major stock deal with SoftBank Group Corp on Tuesday, Bloomberg reported on Monday, citing sources familiar with the matter. The moves could potentially reshape the ride-hailing company’s governance, limiting co-founder and former Chief Executive Travis Kalanick’s […]

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Facebook pulls page, limits posting for exiled Chinese tycoon Guo

SHANGHAI (Reuters) – Facebook has taken down a page affiliated with China’s highest profile fugitive, exiled billionaire Guo Wengui, and temporarily restricted his ability to post on his profile, citing violations of its community standards. Guo, who is living in New York, has been using social media to make a series of incendiary, though mostly […]

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United States win Presidents Cup over International team

By Andrew Both JERSEY CITY, New Jersey (Reuters) – The United States won their seventh consecutive Presidents Cup over the International team on Sunday even as the final margin of eight points disguised the one-sided nature of the event. A Sunday rally by the beleaguered Internationals, who won six of the 12 singles matches and […]

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Gold drops to lowest in nearly 7 weeks; stronger dollar, equities drag

By Apeksha Nair (Reuters) – Gold slipped to its lowest in nearly seven weeks early on Monday as the U.S. dollar rose and equities gained, while growing expectations for a Federal Reserve interest rate hike in December also added to pressure. Spot gold was down 0.3 percent at $1,274.90 an ounce by 0353 GMT, after […]

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Vanuatu steps up evacuation as volcano spews ash

LOLOWAI, Vanuatu (Reuters) – Vanuatu hopes to evacuate all 11,000 people from its northern island of Ambae by Wednesday, with a flotilla of boats ferrying people to nearby islands as a volcano spewing rock and ash into the air threatens to erupt, disaster officials said on Monday. Manaro Voui volcano, the South Pacific island nation’s […]

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Egypt’s Hasm militants claim attack targeting Myanmar embassy

CAIRO (Reuters) – Egyptian militant group Hasm claimed responsibility on Sunday for a small explosion at Myanmar’s embassy in Cairo, saying it was in retaliation for that country’s military crackdown on Rohingya Muslims. Egypt’s interior ministry has not commented on Saturday’s blast, which residents and media initially reported as probably the result of a faulty […]

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