Technology News

Mubadala has done 15 to 16 investments in Silicon Valley as part of the Softbank fund

ABU DHABI (Reuters) - Abu Dhabi’s state investor, Mubadala [MUDEV.UL], has made 15 to 16 investments in Silicon Valley as part of a partnership with Softbank Group, deputy group CEO, Waleed al-Muhairi, told a conference in Abu Dhabi. Mubadala has committed $15 billion to Japan’s SoftBank’s $93 billion private equity fund that has also raised money from Saudi Arabia’s main sovereign fund and other technology f...

11 Dec 7:18 AM 0 Read More...

Hotly anticipated bitcoin futures surge 21 percent on debut

NEW YORK/SYDNEY (Reuters) - Bitcoin futures jumped more than 20 percent in their eagerly anticipated U.S. debut, which backers hope will encourage wider use and legitimacy for the world’s largest cryptocurrency even as critics warn of the risk of a bubble and price collapse. The launch on Sunday night may have caused an early outage of the Chicago-based CBOE Global Markets’ (CBOE.O) website. The exchange said tha...

11 Dec 4:55 AM 0 Read More...

Bitcoin futures surge past $17,000 on launch day

SYDNEY (Reuters) - The front-month bitcoin futures contract XBTc1 on the Chicago-based CBOE Futures Exchange surged past $17,000 on Monday, the first day of trading. The January contract opened at $15,460 in New York on Sunday evening, before leaping to a high of $17,170 during Asian hours. They were last quoted at $17,120, a more than $1,000 premium to the price on Gemini Exchange. The futures are cash-settled cont...

11 Dec 2:42 AM 0 Read More...

Uber heads to court in fight for London survival

LONDON (Reuters) - Uber [UBER.UL] will defend its right to operate in London in a court hearing on Monday after the app was deemed unfit to run a taxi service and stripped of its license in its most important European market. Regulator Transport for London (TfL) shocked the Silicon Valley firm by rejecting its license renewal bid in September, citing its approach to reporting serious criminal offences and background...

11 Dec 12:02 AM 0 Read More...

Bitcoin futures start trading on CBOE exchange

NEW YORK (Reuters) - The newest way to bet on bitcoin arrived on Sunday, with futures of the cryptocurrency that has taken Wall Street by storm starting trading for the first time. The first bitcoin future <0#XBT:> trades kicked off at 6 p.m. (2300 GMT) on CBOE Global Markets Inc’s CBOE Futures Exchange. Bitcoin January futures were at $15,940 (11,905.3 pounds), with 398 contracts traded, after having opened ...

10 Dec 11:55 PM 0 Read More...

China Telecom earmarked as the Philippines' third telecoms player

MANILA (Reuters) - State-run China Telecom Corp could become the Philippines’ third telecoms player, officials of the Southeast Asian nation said on Sunday, as the government looks to stir up competition in an effort to boost notoriously poor services. Philippines President Rodrigo Duterte last month offered China the “privilege” of challenging a longstanding duopoly that has frustrated consumers because of slo...

10 Dec 2:17 PM 0 Read More...

Bangladesh minister says wants to 'wipe out' Manila bank for heist role

DHAKA (Reuters) - Bangladesh’s finance minister said late on Saturday he wanted to “wipe out” a Philippines bank that was used to channel $81 million stolen from the Bangladeshi central bank’s account with the Federal Reserve Bank of New York last year. Abul Maal A. Muhith was responding to questions from reporters about a Reuters story on Friday that said Bangladesh Bank had asked the New York Fed to join a ...

10 Dec 12:18 PM 0 Read More...

After bitcoin’s wild week, traders brace for futures launch

NEW YORK (Reuters) - The newest way to bet on bitcoin, the cyptocurrency that has taken Wall Street by storm with its stratospheric price rise and wild daily gyrations, will arrive on Sunday when bitcoin futures start trading. The first bitcoin future <0#XBT:> trades are set to kick off at 6 p.m. EST (2300 GMT) on Cboe Global Markets Inc’s (CBOE.O) Cboe Futures Exchange. The launch has given an extra kick to...

10 Dec 6:45 AM 0 Read More...

Apple in talks to acquire music identification app Shazam: source

SAN FRANCISCO (Reuters) - Apple Inc (AAPL.O) is in talks to acquire Shazam Entertainment Ltd, whose software helps users identify songs by pointing their phone at an audio source, according to a person familiar with the situation. Shazam’s smartphone app is already tightly integrated with Apple’s Siri digital assistant. Users of Apple’s iPhone with the Shazam app installed can say: “Hey Siri, what’s that so...

09 Dec 12:19 AM 0 Read More...

Apple's Ive returns to helm of design teams

(Reuters) - Apple Inc Chief Design Officer Jony Ive is returning to day-to-day management of the company’s design teams after handing off managerial duties two years ago to focus on other projects, Apple told Reuters on Friday. Ive, who had led Apple’s design teams since 1996, was behind many of the company’s most iconic designs, from early iMacs that came in translucent jelly-bean colors to the first iPhone. I...

08 Dec 10:35 PM 0 Read More...