NEW YORK/SYDNEY/LONDON (Reuters) - Bitcoin futures eased back from an initial surge of almost 22 percent to trade up 13 percent on Monday, in an eagerly awaited U.S. market debut that backers hope will confer greater legitimacy on the volatile cryptocurrency and lead to its wider use.
(Reuters) - Activist investor Elliott Management Corp said on Monday that NXP Semiconductors NV is worth $135 per share on a intrinsic standalone basis, more than the $110 Qualcomm Inc has offered to buy the company.
BEIJING (Reuters) - WM Motor Technology Co, one of a new breed of Chinese electric car companies, will use its company name "Weltmeister" as its brand and plans to start taking orders for its first product, a sport-utility vehicle, from April.
VIENNA (Reuters) - The European Union needs to consider regulating bitcoin, European Central Bank ratesetter Ewald Nowotny said on Monday, citing the risk of money laundering.
LONDON (Reuters) - Uber [UBER.UL] will defend its right to operate in London in court next year after the app was deemed unfit to run a taxi service and stripped of its license in its most important European market.
BOSTON (Reuters) - Apple Inc is pushing back on shareholder proposals on climate issue and human rights concerns, an effort activists worry could sharply restrict investor rights.
MANILA (Reuters) - State-run China Telecom Corp could become the Philippines' third telecoms player, officials of the Southeast Asian nation said on Sunday, as the government looks to stir up competition in an effort to boost notoriously poor services.
TOKYO (Reuters) - A Hong Kong-based activist investor in Toshiba Corp has told the embattled conglomerate that the $18 billion sale of its chip unit to a Bain Capital-led group is no longer necessary after its recent capital injection, according to a letter seen by Reuters.
NEW DELHI (Reuters) - Apple Inc has asked India to defer a planned increase in import taxes on mobile phone parts so it can expand its iPhone manufacturing in the country, but the government is unlikely to accede, people familiar with the matter said.
HELSINKI (Reuters) - Nokia said its chief operating officer will leave the telecom network equipment maker, which is struggling in the face of a shrinking market and tough competition, after just eight months in the job.