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Lenovo signs non disclosure deal to look at BlackBerry: WSJ

TORONTO: Chinese personal computer maker Lenovo has signed a non-disclosure deal to examine the books of troubled Canadian smartphone maker BlackBerry Ltd, the Wall Street Journal said on Thursday, quoting unnamed sources. Smartphone pioneer BlackBerry said in August it was exploring strategic options that could include an outright sale. It has received a tentative $9 a share offer from a ... Read More »

Apple cuts fourth-quarter orders for iPhone 5C: source

TAIPEI/BEIJING: Apple Inc has told manufacturers of its new iPhone 5C that it will cut orders of the smartphone for the final three months of the year, a source familiar with the supply chain situation said. Pegatron Corp, a major manufacturer of Apple’s new phone, had iPhone 5C orders reduced by less than 20 percent, the source told Reuters on ... Read More »

IMF approves $2.3 billion aid for Greece

WASHINGTON: The International Monetary Fund approved a further 1.7 billion euros ($2.3 billion) in funds for Greece’s bailout program after completing the fourth review of the cash-strapped euro zone state. Greece last week adopted the last piece of legislation its international lenders required to release the next batch of rescue loans, after two months of wrangling over unpopular measures to ... Read More »

SYDNEY: Asian stocks rose to six-week high

SYDNEY: Asian stocks rose to six-week highs on Tuesday, led by a rally in Chinese shares, while gold took a breather after its biggest one-day gain in more than a year. MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 1.3 percent to their highest since early June, and Tokyo’s Nikkei erased early losses to be up 0.8 percent. Among ... Read More »

WASHINGTON: Samsung Electronics Co Ltd is close to signing a deal to sell its popular line of Galaxy devices to the US Federal Bureau of Investigation, sources familiar with the situation have said.

WASHINGTON: Samsung Electronics Co Ltd is close to signing a deal to sell its popular line of Galaxy devices to the US Federal Bureau of Investigation, sources familiar with the situation have said. The deal would be a boost for Samsung, which is increasingly seeking to cater to the needs of government agencies, a niche long dominated by Canadian smartphone ... Read More »

MOSCOW: The Group of 20 nations put growth ahead of austerity, seeking to rebalance a multi-speed global economy and pledging to shift policy carefully so recovery is not derailed by volatile financial markets.

MOSCOW: The Group of 20 nations put growth ahead of austerity, seeking to rebalance a multi-speed global economy and pledging to shift policy carefully so recovery is not derailed by volatile financial markets. Finance ministers and central bank governors meeting in Moscow on Saturday put the finishing touches to a joint communique that delegates said was little changed after they ... Read More »

SYDNEY: Japanese stocks led Asian markets up on Monday, while the yen briefly slipped after Prime Minister Shinzo Abe was given a solid platform to continue his aggressive push to reflate the world’s third biggest economy.

SYDNEY: Japanese stocks led Asian markets up on Monday, while the yen briefly slipped after Prime Minister Shinzo Abe was given a solid platform to continue his aggressive push to reflate the world’s third biggest economy. The big win for Abe at Sunday’s election for parliament’s upper house meant he could now focus on implementing difficult economic reforms, the “Third ... Read More »

FRANKFURT: German premium carmaker BMW is looking to the Internet and even house calls by BMW sales personnel to boost future turnover, the head of the group’s German sales told a magazine.

FRANKFURT: German premium carmaker BMW is looking to the Internet and even house calls by BMW sales personnel to boost future turnover, the head of the group’s German sales told a magazine. “We can well imagine that Internet sales could be expanded to all models,” Roland Krueger told the weekly Wirtschaftswoche. The carmaker is already planning to sell its i3 ... Read More »

Asia shares slide on China worries, Fed outlook; dollar firms

TOKYO: Asian shares fell to a fresh 9-1/2-month low on Monday as investors worried about China’s economic and financial stability and markets scrambled to price in the Federal Reserve’s plan to tone down its stimulus drive starting later this year. MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 1.2 percent to its lowest since early September, after posting its ... Read More »

India tycoon Ambani bets on 4G broadband but risks abound

NEW DELHI/MUMBAI: Indian tycoon Mukesh Ambani hopes his multi-billion dollar bet on cheap high-speed wireless broadband could change the way nearly a billion of his countrymen use mobile devices from the way they do banking to watching cricket. In a country where most people own a mobile phone yet lack basic Internet access, it is a risky gamble even for ... Read More »

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