Reuters Asia Business

BANGKOK (Reuters) – Thailand’s telecoms regulator has approved the acquisition of broadband internet provider Triple T Broadband by mobile operator Advanced Info Service (AIS) with conditions to protect consumers. The National Broadcasting and Telecommunications Commission (NBTC) board approved the deal but issued requirements including keeping the lowest-priced packages available and ensuring quality, the watchdog said …

Thai regulator approves top telco AIS’s acquisition of internet firm Read More »

By Aref Mohammed BASRA, Iraq (Reuters) – Iraq has signed a settlement agreement with U.S. energy giant Exxon Mobil Corp to finalise its exit from the West Qurna 1 oilfield and allow PetroChina to become the field’s lead contractor, a senior Iraqi oil executive said on Saturday. “We studied the settlement agreement and the oil …

PetroChina to replace Exxon as lead contractor for Iraq’s West Qurna 1 oilfield –oil executive Read More »

SHANGHAI (Reuters) – U.S. curbs on China have created a game of “catch me if you can” with U.S. chip giant Nvidia and other companies, which affect the interests of both countries and will accelerate Chinese innovation, the Global Times newspaper said on Saturday. The chip industry newsletter SemiAnalysisas reported earlier that Nvidia plans to …

U.S. in game of “catch me if you can” with Nvidia on rules – China media Read More »

By Makiko Yamazaki and Yuka Obayashi TOKYO (Reuters) -Japan’s Cosmo Energy Holdings could struggle to win shareholder backing for a revised “poison pill” strategy, its chief executive said on Friday, as the company seeks to defend itself from activist investors pursuing a hostile takeover. Japan’s third-biggest oil refiner is calling another shareholder vote on Dec. …

Japan’s Cosmo braces for ‘poison pill’ anti-activist vote Read More »

By Zeba Siddiqui and James Pearson SAN FRANCISCO/LONDON (Reuters) – A cybercriminal group named Lockbit, which on Friday said it breached the Industrial and Commercial Bank of China(ICBC), has hacked some of the world’s largest organisations in recent months, stealing and leaking their sensitive data if they didn’t pay ransom. Here are some details about …

Explainer-What is Lockbit? The digital extortion gang on a cybercrime spree Read More »

By Ebru Tuncay and Heekyong Yang ANKARA/SEOUL (Reuters) – Turkey’s Koc Holding said on Friday it revoked an earlier agreement with Ford and South Korean battery maker LG Energy Solution (LGES) for a joint venture to produce battery cells for commercial electric vehicles. The three companies signed a non-binding agreement in February to form a …

Koc Holding revokes pact with Ford, LG Energy Solution for Turkey battery JV Read More »

NEW YORK (Reuters) -Industrial and Commercial Bank of China’s hack left its U.S. unit temporarily owing Bank of New York Mellon $9 billion as a result of unsettled trades, prompting the parent to inject capital into the unit to settle the trades, sources familiar with the matter said. BNY has since been paid back, the …

Exclusive-ICBC hack led to unit temporarily owing BNY $9 billion – sources Read More »