Wireless money transfers are gaining traction in India as residents are embrace mobile payments systems similar to those already popular in Kenya.» Read More
PARIS, Dec 5- Renault has received a green light from Beijing authorities to begin Chinese car production in a $1.3 billion joint venture with Dongfeng Motor Group, the carmakers said on Thursday.
Apple may finally have struck an iPhone distribution deal with China Mobile, Fortune.com reports.
*Zain is Sudan's top mobile operator, lacks fixed line. *Canar is Sudan's No.1 fixed line operator. DUBAI, Dec 2- Etisalat could resurrect talks to sell its Sudanese telecom arm Canar to Kuwait's Zain, as both sides remain keen on a deal despite a breakdown in negotiations earlier this year, a source close to the matter said.
BAGHDAD, Nov 28- PetroChina has bought a 25 percent stake in the West Qurna-1 oilfield project from Exxon Mobil, strengthening China's hold on Iraq's energy resources. China is already the top foreign player in Iraq's oilfields, which are the largest in the Middle East open to foreign investment.
JOHANNESBURG, Nov 27- Turkish mobile phone company Turkcell has taken to a South African court with its $4.2 billion lawsuit against rival MTN Group, alleging it was the victim of corruption and bribery that caused it to lose a contract in Iran.
Nov 25- Wal-Mart Stores Inc named company veteran Doug McMillon to replace Chief Executive Mike Duke, who will retire on Jan. 31 after five years at the helm of the world's largest retailer. McMillon, 47, is currently CEO of Wal-Mart's international division.
Nov 25- Wal-Mart Stores Inc named Doug McMillon as chief executive to replace Mike Duke. McMillon, CEO of the world's largest retailer's international division, will take over on Feb. 1, a day after Duke retires, Wal-Mart said. Duke will continue as chairman of the executive committee of the board and stay on as an adviser to McMillon for a year.
NEW YORK, Nov 22- Two traders have won the dismissal of a U.S. Securities and Exchange Commission lawsuit accusing them of insider trading in Onyx Pharmaceuticals Inc as the company considered a takeover bid from rival Amgen Inc.
HELSINKI, Nov 21- Nokia has asked the Delhi High Court to help release its Indian factory after its seizure by the local tax authorities, the Finnish firm said on Thursday as it seeks to resolve the tax dispute ahead of the sale of its mobile phone business to Microsoft.
HELSINKI, Nov 21- Nokia said on Thursday it has asked the Delhi High Court to help revoke a seizure of its Indian factory by the local tax authorities, seeking to resolve the dispute ahead of the sale of its mobile phone business to Microsoft.
Nov 20- Microsoft Corp filed a lawsuit against Acacia Research Corp on Wednesday, charging that Acacia broke a contract to license various smartphone and mobile computing technologies to Microsoft.
TOKYO/ SHANGHAI, Nov 20- Mazda Motor Corp will begin production at its new Mexico factory in January, the carmaker's chief said on Wednesday, describing the plant as a key foreign base for the Japanese company as it pares its reliance on domestic output.
Nov 13- Shares of YRC Worldwide Inc lost a quarter of their value, as the trucking company struggled with the implementation of operational changes designed to help reduce its large debt.
BRASILIA/ BEIJING, Nov 13- Brazil's state-run oil company Petrobras has struck a deal to sell its Peruvian oil and gas assets to PetroChina, China's top oil and gas firm, and its parent China National Petroleum Corp for $2.6 billion. "The three target blocks are all quality oil properties in Peru with achievable profit potential," PetroChina added.
BEIJING, Nov 13- PetroChina, China's top oil and gas firm, has struck a deal to acquire the Peruvian oil and gas assets of Brazilian state-led oil company Petrobras for $2.6 billion. "The three target blocks are all quality oil properties in Peru with achievable profit potential," PetroChina added.
DHAKA, Nov 13- Violent protests shuttered some 250 Bangladesh garment factories near the capital Dhaka on Wednesday, as thousands of workers demanded higher wages at the outlets providing cheap clothing for retailers such as Wal-Mart Stores Inc..
LONDON, Nov 12- The European Union is seeking to increase its influence over global accounting standards by beefing up the agency that scrutinises new rules and in certain cases tweaking how they are applied in the bloc. The book-keeping standards, the bedrock of markets, are written by the International Accounting Standards Board.
Nov 12- Fire protection and security company Tyco International Ltd has approached private equity firms offering to sell its Korean security unit Caps Co, the Wall Street Journal reported, citing people familiar with the matter. Tyco sent information memoranda only to a few private equity firms as it wants to proceed with the sale quietly, the WSJ reported.
Nov 11- Network equipment maker Emulex Corp will buy $200 million of its shares and reconstitute its board, following pressure from two of its major shareholders. Activist hedge fund Starboard Value LP and Altai Capital had been agitating to include shareholder advocates on the Emulex board.
*Low internet penetration rates holds back Africa tech growth. DAKAR, Nov 11- When Abasiama Idaresit started a digital marketing firm in Nigeria's bustling economic capital three years ago, he quickly learned how brutal life can be in a market where tech startups are in their infancy.