Japan's Nintendo reports 36 percent jump in operating profit, beating expectations

Japan's Nintendo Co Ltd reported a 36 percent jump in quarterly operating profit on Thursday, beating market expectations, buoyed by strong software sales of its hybrid home-portable Switch device.

from Reuters: Technology News https://reut.rs/2HFbuIw
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France's 5G frequencies auction to start in autumn, minister tells Le Figaro

France's 5G telecoms frequencies auction will start this autumn, with licences expected to be given at the start of 2020, Junior Minister Agnes Pannier-Runacher told Le Figaro on Thursday.

from Reuters: Technology News https://reut.rs/2ShsLeJ
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Chinese EV carmaker NIO raises $650 million via convertible bond

Electric carmaker NIO Inc, one of the main rivals to Tesla in China, raised $650 million in a five-year convertible bond on Thursday, aiming to use the proceeds to fund expansion.

from Reuters: Technology News https://reut.rs/2DLKHWQ
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LG Electronics' fourth-quarter profit plunges as rivals crowd TV business

South Korea's LG Electronics Inc posted its slowest quarterly profit growth in two years on Thursday citing higher marketing costs and tougher competition in the television business.

from Reuters: Technology News https://reut.rs/2Uw7RpL
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Nokia sees fast shift to 5G ahead after strong fourth quarter

Telecom network equipment maker Nokia forecast stronger-than-expected 2019 and 2020 results thanks to fast-rising investments in 5G networks, after beating fourth-quarter sales and profit estimates on Thursday.

from Reuters: Technology News https://reut.rs/2Rt0tJM
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Thailand's Central Group confirms $200 million investment in Grab's local unit

TksThailand's Central Group, the country's largest retail conglomorate, confirmed on Thursday it will invest $200 million in a local entity of Singapore-based ride-hailing application Grab.

from Reuters: Technology News https://reut.rs/2HIKxU4
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Grab signs deal with Ascendas REIT for new Singapore HQ

Ride-hailing firm Grab has signed a deal with business park landlord Ascendas Real Estate Investment Trust for a new Singapore headquarters to accommodate the start-up's growing team under one roof.

from Reuters: Technology News https://reut.rs/2SfbG5b
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