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Microsoft sells patents to Xiaomi, builds 'long-term partnership'
Tue, 31 May 2016 20:01:52 -0400

File photo of a Microsoft logo on an office building in New YorkSoftware maker Microsoft Corp is selling about 1,500 of its patents to Chinese device maker Xiaomi [XTC.UL], a rare departure for the U.S. company and part of what the two companies say is the start of a long-term partnership. The deal, announced on Wednesday, also includes a patent cross-licensing arrangement and a commitment by Xiaomi to install copies of Microsoft software, including Office and Skype, on its phones and tablets. "This is a very big collaboration agreement between the two companies," Wang Xiang, senior vice president at Xiaomi, said by telephone ahead of the deal.


Apple plans to sell $1 billion of 30-year bonds in Taiwan - sources
Wed, 01 Jun 2016 01:50:59 -0400

An Apple store is seen in Los AngelesBy Roger Tung TAIPEI (Reuters) - Apple Inc plans to issue bonds in Taiwan for the first time with the aim of raising $1 billion, sources familiar with the matter said, joining a queue of big global names that have sold billions of dollars on the island's busy debt market. Apple declined to comment when asked about the plan. Liquidity in the Taiwanese bond market is flush, with long-term buyers of debt, primarily life insurance firms, seeking creditworthy names and chasing higher yields.


Trail in Ecuador cyberheist leads to gamers’ crash pad in Hong Kong
Wed, 01 Jun 2016 02:06:33 -0400

A view of the registered office address for Jiushun Group Co Ltd in Hong KongBy Clare Baldwin and Nathan Layne HONG KONG/CHICAGO (Reuters) - The paper trail left behind by $2 million stolen from a hacked Ecuadorian bank runs cold in a windowless gamers’ crash pad in a gritty industrial area of Hong Kong. The room, in a former factory in the Kwun Tong district, is the registered address for Jiushun Group Co., Ltd., the firm that received the largest single transfer of the $12 million reported missing from Ecuador's Banco del Austro (BDA) in January 2015. King Yuen - an unemployed 25-year-old and a regular at the room’s all-night gaming sessions and mahjong contests - said he had never heard of Jiushun Group, and he had no idea where the stolen millions ended up.


Taiwanese regulators clear Foxconn purchase of Sharp
Wed, 01 Jun 2016 02:18:06 -0400

A pedestrian walks under a logo of Sharp Corp outside an electronics retail store in TokyoTaiwanese regulators have cleared Foxconn's $3.5 billion acquisition of Sharp Corp., paving the way for the world's largest electronics manufacturer and major Apple Inc supplier to begin the task of trying to turn around the Japanese display maker in the face of slowing smartphone sales. Taiwan's Fair Trade Commission on Wednesday said there was no anti-trust issue with the purchase. The green light came the day after the economics ministry's Investment Commission, in charge of reviewing and approving inbound and outbound investments, signaled its approval for the deal.


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