South Korean, U.S. telcos roll out 5G services early as race heats up

South Korean, U.S. telcos roll out 5G services early as race heats up
SEOUL (Reuters) – South Korea’s three mobile carriers and top U.S. telco Verizon Communications commercially launched 5G services on Wednesday, ahead of their initial schedules, as they rushed for first spot in the race to roll out the latest wireless technology. People take photographs during a launching ceremony for SK Telecom’s 5G service, in Seoul, South Korea, April 3, 2019.... Read More

Asian shares near eight-month highs, U.S.-China talks in view

Asian shares near eight-month highs, U.S.-China talks in view
SYDNEY (Reuters) – Asian shares held near an eight-month peak on Thursday as investors awaited developments on Sino-U.S. trade talks, with both sides appearing closer to signing a deal and improved risk appetite weighing on safe-haven assets like the yen. FILE PHOTO: Men look at stock quotation boards outside a brokerage in Tokyo, Japan, December 5, 2018. REUTERS/Issei Kato MSCI’s... Read More

China’s Tencent raises $6 billion in bond sale; proceeds for general purposes

China’s Tencent raises $6 billion in bond sale; proceeds for general purposes
HONG KONG (Reuters) – Chinese social media and gaming giant Tencent Holdings Ltd said on Thursday it has raised $6 billion in a bond sale, with proceeds earmarked for refinancing and general corporate purposes. FILE PHOTO: A Tencent sign is seen during the fourth World Internet Conference in Wuzhen, Zhejiang province, China, Dec. 4, 2017. REUTERS/Aly Song/File Photo The sale... Read More

Tesla deliveries drop 31 percent in quarter one due to overseas shipping challenges

Tesla deliveries drop 31 percent in quarter one due to overseas shipping challenges
SAN FRANCISCO/BANGALORE (Reuters) – Tesla Inc delivered a third less vehicles in its first quarter as the electric car maker struggled with its first shipments of the Model 3 sedan to Europe and China due to longer transit times. FILE PHOTO: A Tesla car is seen in Santa Monica, California, United States, October 23, 2018. REUTERS/Lucy Nicholson/File Photo Tesla said... Read More

Ethiopia to issue first Boeing investigation report on Thursday

Ethiopia to issue first Boeing investigation report on Thursday
ADDIS ABABA/SEATTLE/PARIS (Reuters) – Investigators will release on Thursday a keenly awaited report on the deadly crash of an Ethiopian Airlines jet, Ethiopia’s Transport Ministry said, giving the first official clues to the second crash of a new Boeing 737 MAX in five months. Some 35 nationalities were among the 157 passengers and crew who died when the nearly full... Read More

Carl Icahn sold Lyft stake to Soros prior to IPO: WSJ

Carl Icahn sold Lyft stake to Soros prior to IPO: WSJ
FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network’s Neil Cavuto show in New York, U.S. on February 11, 2014. REUTERS/Brendan McDermid/File Photo (Reuters) – Billionaire investor Carl Icahn sold his roughly 2.7 percent stake in Lyft Inc to investor George Soros ahead of the ride-hailing company’s initial public offering, the Wall Street Journal reported on... Read More