Apple may finally have Wall Street off its back, but now the question lingers, just what exactly is the company planning to do with its $145 billion cash hoard?» Read More
MELBOURNE/ JAKARTA, May 7- An Indonesian company is willing to reimburse Australian explorer Intrepid Mines. for work it carried out on a huge gold prospect in Indonesia, looking to resolve a bitter dispute over rights to the mine, a lawyer said. "They are breaching their agreement with us," Tony Wenas, Intrepid's chief executive in Indonesia, told Reuters.
BEIJING, April 7- Tencent Holdings is unlikely to charge any fees for the use of its popular mobile chatting application, its president was quoted as saying, after a cabinet minister caused an uproar by saying users might have to pay fees in future. Tencent's Weixin, or WeChat, app is currently free and has attracted more than 300 million users.
STOCKHOLM, May 3- Ericsson expects cut-throat competition between telecoms equipment makers as China prepares to spend billions of dollars on high-speed networks, punishing margins at a time when profitability is already under pressure.
HONG KONG, April 26- China, the world's largest mobile phone market by subscribers, posted a 1.2 percent monthly increase in the number of mobile subscribers to 1.15 billion in March, data from the country's three telecommunications operators showed. Following is the breakdown of mobile subscriber statistics for March provided by the three carriers:.
SHANGHAI/ HONG KONG, April 25- China Life Insurance Co Ltd, the world's biggest insurer by market value, posted a 79.1 percent increase in its first-quarter net profit, boosted by an increase in investment yield and a decrease in impairment losses.
YANGON, April 25- Introduced a decade and a half ago under Myanmar's former military rulers, SIM cards sold for as much as $7,000 apiece.
Apple may finally have Wall Street off its back, but now the question lingers, just what exactly is the company planning to do with its $145 billion cash hoard?
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