Monday, 26 March 2018

Facebook shares dip as U.S. regulator announces privacy probe

Facebook shares dip as U.S. regulator announces privacy probe

Facebook Inc shares fell as much as 6.5 percent on Monday after the main U.S. consumer protection regulator said it was investigating how the social network allowed data of 50 million users to get into the hands of a political consultancy.

Exclusive: South Africa investigates $60 million SAP contract

JOHANNESBURG (Reuters) - South Africa's anti-corruption agency is investigating a 671 million rand ($60 million) government contract with German software firm SAP, which has admitted misconduct in separate deals involving friends of ousted president Jacob Zuma.

Tech boosts Wall Street as trade war fears ebb

NEW YORK (Reuters) - Technology stocks led Wall Street's rebound on Monday as fears over a potential trade war were calmed following reports the U.S. and China are willing to renegotiate tariffs and trade imbalances.

China's premier pledges market opening in bid to avert U.S. trade war

BEIJING (Reuters) - Premier Li Keqiang said on Monday China and the United States should maintain negotiations and he reiterated pledges to ease access for American businesses, as China scrambles to avert a trade war.

U.S. gunmaker Remington files for bankruptcy

(Reuters) - Remington Outdoor Co Inc, one of the largest U.S. makers of firearms, filed for bankruptcy protection on Sunday to carry out a debt-cutting deal with creditors amid mounting public pressure for greater gun control.

Uber sells Southeast Asia business to Grab after costly battle

SINGAPORE/SAN FRANCISCO (Reuters) - Ride-hailing firm Uber Technologies Inc [UBER.UL] has agreed to sell its Southeast Asian business to bigger regional rival Grab, the firms said on Monday, marking the U.S. company's second retreat from an Asian market.

Twitter to ban cryptocurrency ads from Tuesday as online crackdown widens

LONDON (Reuters) - Twitter Inc will start banning cryptocurrency advertising from Tuesday, joining Facebook and Google in a clampdown that seeks to avoid giving publicity to potential fraud or large investor losses.

Citi, Goldman and rivals ramp up Brazil banker poaching war

SAO PAULO (Reuters) - Global investment banks from Citigroup to Goldman Sachs are hiring again in Brazil after years of retrenchment as historically low interest rates fuel a recovery as well as a small boom in M&A and stock and local bond offerings.

Daniel Loeb's Third Point seeks stake in United Technologies

(Reuters) - Billionaire hedge fund manager Daniel Loeb's firm Third Point LLC wants to build a stake in United Technologies Corp ,

China urges WTO members: Put U.S. tariff 'beast back in the cage'

GENEVA (Reuters) - China called on World Trade Organization members on Monday to unite to prevent the United States "wrecking" the WTO, and it urged them to oppose U.S. President Donald Trump's tariffs targeting China's alleged theft of intellectual property.

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