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|Bitcoin exchange BTCC: China hasn't said margin trading illegal - |
By Brenda Goh SHANGHAI (Reuters) - The head of Chinese bitcoin exchange BTCC on Thursday denied media reports that the central bank had ruled it was offering margin loans illegally, and he said the platform is operating normally.
Thu, 19 Jan 2017 03:39:25 -0500
|Panasonic aims to move Tesla auto partnership beyond batteries: CEO - |
Panasonic Corp aims to extend its partnership with electric car maker Tesla Motors Inc beyond batteries and into self-driving technology, as the Japanese conglomerate continues to shift its focus to the automotive business. The electronics maker has placed automotive applications at the center of a growth strategy that targets corporate clients at the expense of low-margin consumer goods, where low-cost Asian rivals have diminished the dominance of Japanese firms. Panasonic is the exclusive supplier of batteries for Tesla's Model S, Model X and upcoming mass market Model 3, and plans to contribute $1.6 billion to Tesla's $5 billion battery factory.
Thu, 19 Jan 2017 03:11:38 -0500
|Germany grapples with fake news ahead of elections - |
Facebook faced withering criticism in the US for allowing fake news to spread during the 2016 presidential election. Now, the social network has come under similar scrutiny in Germany, amid concerns that widespread disinformation campaigns could impact upcoming elections. False and misleading news articles have spread rapidly across Europe in recent months, prompting calls for new legislation and tougher regulations on social media companies.
Thu, 19 Jan 2017 03:09:14 -0500
|Toshiba woes intensify on reports of $6 billion writedown, shares plummet - |
Toshiba Corp's financial crisis deepened on Thursday as media reported it may book a bigger-than-expected $6 billion writedown on its U.S. nuclear business, sending its shares sliding 15 percent. Toshiba has also approached government-backed Development Bank of Japan (DBJ) for assistance, said a source with knowledge of the matter, who was not authorized to speak on the matter and declined to be identified. Other sources said Toshiba executives will sit down with representatives from its main banks as early as Thursday to discuss possible support.
Thu, 19 Jan 2017 02:22:40 -0500
|Indian government wants Apple, but not all officials are biting - |
Some Indian officials have baulked at Apple's demands for concessions before it assembles iPhones there, raising doubts about a spring deadline to launch a key project in Prime Minister Narendra Modi's campaign to lure foreign investors. The country is still keen for the U.S. tech giant to produce its signature smartphones there, and Information Technology Minister Ravi Shankar Prasad said on Wednesday that India would keep an "open mind" in negotiations. "We will very much like Apple to come and have a base in India," he said.
Thu, 19 Jan 2017 02:20:17 -0500