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Amazon is preparing to launch streaming music service – sources

Amazon is preparing to launch streaming music service – sources

Amazon.com Inc is preparing to launch a standalone music streaming subscription service, placing it squarely in competition with rival offerings from Apple Inc and Spotify, according to two people with knowledge of the matter. The service will be offered at $9.99 per month, in line with major rivals, and it will offer a competitive catalog […]

June 10, 2016 | By | Reply More
Former ECB economist worries about terror attack sparking Brexit

Former ECB economist worries about terror attack sparking Brexit

A sudden shock in the next two weeks such as a militant attack on the Euro 2016 football tournament in France could jolt Britain into a vote for Brexit, former European Central Bank chief economist Otmar Issing said on Friday. Issing, who was addressing a seminar of Swiss bankers in Geneva, said the British people […]

June 10, 2016 | By | Reply More
Caution pervades at four of world’s top central banks

Caution pervades at four of world’s top central banks

Pedestrians walk past the Bank of England in the City of London May 15, 2014. REUTERS/Luke MacGregor LONDON: It is a sign of the caution that permeates the global economic outlook when four of the world’s top central banks, all due to meet within days of each other, are almost unanimously expected to make no […]

June 10, 2016 | By | Reply More
Stocks slide on Brexit fears as investors seek safety

Stocks slide on Brexit fears as investors seek safety

Investors swapped equities for less risky assets such as U.S. Treasuries and the yen on Friday on fears about the impact of Britain’s June 23 referendum on whether it should leave the European Union. An index of world equity markets suffered its worst day in four months after having snapped a five-day winning streak on […]

June 10, 2016 | By | Reply More
Messaging app Line to list in Tokyo, New York

Messaging app Line to list in Tokyo, New York

TOKYO: Messaging app Line said Friday it will list its shares in Tokyo and New York, in a sale valuing the firm at about $5.5 billion, as it looks to spread beyond a strong base among smartphone users in Asia. The Tokyo-based firm won approval for the sale — likely to be among the biggest […]

June 10, 2016 | By | Reply More
Oil prices dip on stronger dollar

Oil prices dip on stronger dollar

June 10, 2016 SINGAPORE: Crude prices dipped further in Asia on Friday on a stronger dollar, dampening a rally that saw the commodity hitting 11-month highs earlier in the week. The losses were in line with a sell-off on equities markets from Asia to the Americas fuelled by worries about the state of the global […]

June 10, 2016 | By | Reply More
Lazard in control as momentum builds for Takata solution

Lazard in control as momentum builds for Takata solution

TOKYO: Investment bank Lazard has sidelined the founding family of Takata Corp as momentum builds to a market-based solution for the Japanese air bag maker embroiled in the auto industry’s biggest safety recall, a person briefed on the process told Reuters. Takata confirmed two weeks ago that its steering committee had hired Lazard to lead […]

June 10, 2016 | By | Reply More
After 11-month peak, oil prices take a breather

After 11-month peak, oil prices take a breather

NEW YORK: After surging for three straight days to an 11-month high, oil prices pulled back Thursday as investors booked profits. “Although there is potential for a small decline to develop into a more significant drop, so far this looks like a modest technical correction following three days of gains rather than a major reversal,” […]

June 10, 2016 | By | Reply More
Bidders offering more than $5bn for Yahoo

Bidders offering more than $5bn for Yahoo

SAN FRANCISCO: Several suitors are bidding $5 billion or more for the core business of struggling Internet pioneer Yahoo, CNBC reported on Thursday. CNBC, citing unnamed sources close to the situation, said Yahoo’s board of directors will meet Friday to review offers ahead of a final round of bidding expected to lead to a decision […]

June 10, 2016 | By | Reply More
Lenovo looks beyond computers with slick new phones

Lenovo looks beyond computers with slick new phones

SAN FRANCISCO: Chinese computer titan Lenovo showed off a keenly-awaited Tango smartphone on Thursday as it focused on a future at the heart of the Internet of Things. A market-ready PHAB2 Pro smartphone imbued with Google-created Tango augmented reality technology was given star treatment at a Lenovo Tech World gathering in San Francisco. PHAB2 can […]

June 10, 2016 | By | Reply More