December, 2016

• 24 December

  Exxon Norway oil assets to lure Aker BP and Hitec interest

  

    Bloomberg Billionaire Kjell Inge Rokke’s Aker BP Plc and two private equity-backed companies are in talks to buy stakes in oil fields off Norway from Exxon Mobil Corp. that are valued at about $1 billion, according to people with knowledge of the matter. Aker BP, HitecVision AS and Neptune Oil & Gas Ltd. are bidding for the assets and ...

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• 24 December

  China slaps GM with $29mn fine for antitrust violations

  

    Bloomberg China slapped a $29 million fine on General Motors Co. for antitrust violations, a sign of the growing tensions between the US and the Asian nation. The largest US automaker is accused of setting minimum prices on some models in its SAIC General Motors joint venture. The Shanghai Municipal Development & Reform Commission, which imposed the 201 million ...

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• 24 December

  Myanmar farmers reap rewards from 3D printing

  

    AFP Whizzing across a blue-lit platform with a whirr and a squeak, liquid plastic emanating from its chrome tip, the 3D printer seems a far cry from the muddy, crop-filled fields that fringe Yangon. But in an industrial park south of Myanmar’s commercial hub, the advanced technology is now being used to design bespoke parts that are changing the ...

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• 24 December

  Alibaba’s on-demand services unit close to securing $1.2bn funding for expansion

  

    Bloomberg Alibaba Group Holding Ltd.’s on- demand services unit is close to securing $1.2 billion of funding for expansion after getting backing from first-time investors including Silver Lake Management and China’s sovereign wealth fund, people familiar with the matter said. The latest round for Koubei, which deals in local services such as food delivery, will surpass a $1 billion ...

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• 24 December

  Tata investors vote to oust independent director Wadia

    Bloomberg Shareholders of Tata Motors Ltd. voted to oust independent director Nusli Wadia from the automaker’s board, bringing the owner of Jaguar Land Rover closer to parent Tata Sons Ltd., the holding company of India’s largest conglomerate. About 71 percent of the investors who voted agreed to remove Wadia at a special shareholder meeting in Mumbai on Thursday, according ...

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• 24 December

  Coal traders see end of price rally as China ramps up output

  

    Bloomberg Coal’s recovery was one of the biggest surprises in commodities this year, but it’s all poised to end as output rises from China, producer of half the world’s supply. After half a decade of declines, European prices rebounded more than 80 percent as China, also the world’s biggest consumer of the fuel, boosted imports. Benchmark month-ahead contracts will ...

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• 24 December

  Hefty price, connectivity missteps mar Super Mario

  

    NEW YORK / AP Super Mario might be running, but a hefty price tag for a mobile game just won’t fly with the masses. The world so far is underwhelmed by “Super Mario Run,” which Nintendo released for the iPhone last week. This is no “Pokemon Go,” which captivated millions of players in their quest to collect digital monsters ...

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• 24 December

  Amazon aims to blur lines between game, real life

  

    AFP On Amazon’s streaming game platform Twitch, the world of gaming is being intermingled with real life. A feature unveiled by Amazon called IRL — the acronym for “in real life” — lets people broadcast moments from their lives as part of game play. Amazon called this feature “a new content category designed to both enable and encourage Twitch’s ...

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• 24 December

  Parents binging on media, claim they’re good role models for kids

  

    LOS ANGELES / AP Parents spend more than nine hours a day with TVs, computers and other screen devices while also giving themselves high marks as role models for their children’s media use, according to a survey. Among all those surveyed — nearly 1,800 parents in the US — daily screen time averaged nine hours and 22 minutes, with ...

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• 24 December

  Czech firm launches batteries based on nanotechnology

    Relaxnews A Czech company opened a production line for batteries based on nanotechnology, which uses tiny parts invisible to human eyes. The batteries are touted as potentially more efficient, longer-lasting, cheaper, lighter and above all safer. The automatic line will operate for several months to get all necessary certifications. Then, Prague-based company HE3DA said Monday it is ready to ...

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