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Banking

Should new tech rules apply to Microsoft’s Bing, Apple’s iMessage, EU asks

A sign of Microsoft Corp's Bing search engine is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China September 21, 2018. Picture taken September 21, 2018. REUTERS/Stringer/File Photo Acquire Licensing RightsBRUSSELS, Oct 9 (Reuters) - EU antitrust regulators are asking Microsoft's (MSFT.O) users and rivals whether Bing should comply with new tough tech rules and also whether that should be the case for Apple's (AAPL.O) iMessage, people familiar with the matter said on Monday.The European Commission in September opened investigations to assess whether Microsoft's Bing, Edge and Microsoft...
Banking

More SE Asia firms consider U.S. IPOs, filling void left by China peers

At least four Southeast Asia firms considering U.S. IPOsU.S. IPOs by Chinese firms slumped - LSEG dataSINGAPORE/SYDNEY, Sept 19 (Reuters) - Several Southeast Asian companies are considering listing in the United States, banking on strong investor appetite for emerging market growth in the absence of Chinese stock offerings.Senior executives in leading SME digital financing platform Funding Societies, Singapore-based entertainment firm Gushcloud International and Thai insurance technology firm Sunday told Reuters they were looking into New York as one of their initial public offering (IPO) venues.This comes on top of recently...
Stock Market

SoftBank’s Arm aims for over $52 bln valuation in biggest US IPO of the year

Sept 5 (Reuters) - SoftBank Group's (9984.T) Arm is seeking a valuation of more than $52 billion in its initial public offering, the chip designer said on Tuesday as it begins marketing for the biggest U.S. stock market flotation of the year.SoftBank is offering 95.5 million American depository shares of the United Kingdom-based company for $47 to $51 apiece and is looking to raise up to $4.87 billion at the top of the range, Arm said in a regulatory filing.The valuation that Arm is chasing now represents a climb-down from...
Cryptocurrency

PayPal to halt UK crypto sales until 2024

The PayPal logo is seen at an office building in Berlin, Germany, March 5, 2019. REUTERS/Fabrizio Bensch/File Photo Acquire Licensing RightsLONDON, Aug 16 (Reuters) - Payments giant PayPal (PYPL.O) will stop allowing UK customers to buy cryptocurrencies through its platform from October as it works to comply with new rules on crypto promotions.Britain's financial regulator is due to bring in tougher rules to limit how crypto is advertised to British consumers, including requiring crypto firms to carry warnings about the risk and scrapping "refer a friend" bonuses.PayPal will "temporarily pause"...
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