Technology

BEIJING (Reuters) – A boom in asset-backed securities issued by micro-lenders aiming to expand in China’s fast-growing online credit market looks set to slow this year amid growing regulatory scrutiny. Micro-lenders have raised billions of dollars packaging consumer loans into securities for sale to institutional investors on China’s nascent market for asset-backed securities in order
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FRANKFURT/SAN FRANCISCO (Reuters) – Security researchers on Wednesday disclosed a set of security flaws that they said could let hackers steal sensitive information from nearly every modern computing device containing chips from Intel Corp, Advanced Micro Devices Inc and ARM Holdings. One of the bugs is specific to Intel but another affects laptops, desktop computers,
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(Reuters) – BlackBerry Ltd (BB.TO) and Chinese internet search firm Baidu Inc (BIDU.O) on Wednesday signed a deal to jointly develop self-driving vehicle technology, sending BlackBerry’s Toronto-listed shares up 13 percent to a four-year high. The deal follows similar agreements with firms including Qualcomm Inc (QCOM.O), Denso (6902.T) and Aptiv Plc (APTV.N) to develop autonomous-driving
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FRANKFURT (Reuters) – German chipmaker Infineon does not see itself as vulnerable to a takeover despite mega-mergers in the sector led by Broadcom’s $103 billion offer for Qualcomm, its chief executive told Germany’s Boersen-Zeitung. “Infineon is not a primary takeover target,” Reinhard Ploss told the markets daily in an interview published on Saturday. “We communicate
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FRANKFURT (Reuters) – Did you mean Birkenstock? A German court has ordered Amazon not to lure internet shoppers to its online marketplace when they mistakenly search for “Brikenstock”, “Birkenstok”, “Bierkenstock” and other variations in Google. The ruling is a victory for the German sandal maker, whose relationship with Amazon has grown increasingly antagonistic. It convinced
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NEW DELHI (Reuters) – India’s finance ministry on Friday cautioned investors about the risks of trading in cryptocurrencies such as bitcoin, saying digital currency investments are like “Ponzi schemes.” Cryptocurrencies are not legal tender and have no regulatory permission or protection in the country, the finance ministry said in a statement, but stopped short of
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(Reuters) – A consortium led by SoftBank Group Corp (9984.T) successfully bought a large number of shares of Uber Technologies Inc [UBER.UL] in a deal that values the ride-services firm at $48 billion, Uber said on Thursday, handing a victory to new Chief Executive Dara Khosrowshahi. The price is a roughly 30 percent discount to
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SEOUL (Reuters) – South Korea’s government said on Thursday it will impose additional measures to regulate speculation in cryptocurrency trading within the country. “The government had warned several times that virtual coins cannot play a role as actual currency and could result in high losses due to excessive volatility,” the government said in a statement.
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