Tencent teams up with IBM to offer business software over the cloud

Tencent Holdings Ltd said on Friday it would collaborate with International Business Machines Corp (IBM) on a new cloud software business for corporate customers, a marked departure for one of the dominant forces in China's consumer Internet industry.

Europe

RBS takes $640 million forex charge and warns of more to come

State-backed Royal Bank of Scotland (RBS.L) has set aside 400 million pounds ($640 million) to cover potential fines for manipulating currency markets and warned further charges for past misconduct would continue to hit its profits.

South Korea exports rise 2.5 percent in October, trade surplus at record

South Korean exports rose slightly faster than expected in October but imports saw their sharpest drop in 13 months, dragged down by softer demand for raw materials and capital goods, data showed on Saturday.

Fed's Kocherlakota defends dissent, cites drop in inflation outlook

The lone Federal Reserve policymaker to dissent against the U.S. central bank's decision this week to end its bond-buying stimulus said Friday that the Fed was risking its credibility by failing to take action against a worrisome drop in inflation.

U.S. consumer spending falters; wage gains highest since 2008

U.S. consumer spending fell for the first time in eight months in September, suggesting the economy lost some momentum heading into the fourth quarter.

Branson to meet Virgin Galactic space team after crash

Richard Branson is set to meet his Virgin Galactic space team in California's Mojave Desert on Saturday following the crash of a passenger spaceship being developed by his company that killed one pilot and seriously injured the other.

UBS cannot arbitrate vs Nasdaq over Facebook IPO: court

A divided U.S. appeals court rejected UBS AG's (UBSN.VX) bid to force Nasdaq OMX Group Inc (NDAQ.O) to arbitrate a dispute over the exchange operator's alleged "catastrophic mismanagement" of Facebook Inc's (FB.O) $16 billion initial public offering.

J.P. Morgan found hackers through breach of corporate event website: media

J.P. Morgan Chase & Co learned about hackers who stole the bank's contact information for 76 million households and 7 million small businesses through a corporate event that it sponsors, the New York Times and Wall Street Journal reported, citing people familiar with the matter.

Samsung says Microsoft deal invites 'charges of collusion': filing

Samsung said its collaboration with Microsoft on Windows phones raised antitrust problems once Microsoft completed its acquisition of Nokia's handset business, according to a court filing.

Daimler buys into Agusta as motorbike and car tech converge

Daimler AG (DAIGn.DE) will buy 25 percent of Italian motorcycle maker MV Agusta IPO-MVAG.MI - the latest sign that motorbike and car technologies are converging, driven by a push to lower emissions and improve safety.

Danone bolsters China presence with $550 million baby milk deal

France's Danone (DANO.PA), battling local rivals for a larger share of China's booming baby milk market, has invested $550 million in formula maker Yashili International Holdings, further reducing its dependence on slow growth Europe.

Comcast spin-off to list on Nasdaq in 2015

Midwest Cable Inc, the cable company to be spun off from Comcast Corp (CMCSA.O) after it buys Time Warner Cable Inc (TWC.N), said it would list its Class A common stock on the Nasdaq under the symbol "GLCI" in 2015.

Dollar General extends tender offer for Family Dollar shares again

Dollar General Corp (DG.N) extended its tender offer for shares of Family Dollar Stores Inc (FDO.N) to Dec. 31, until after a shareholder vote that will decide the fate of a rival bid by Dollar Tree Inc (DLTR.O).

Boeing exec says NASA crash underscores need for new U.S. engine

The crash of an unmanned Orbital Sciences Antares rocket is a "wake-up call" to the U.S. space community about the need to develop a new U.S. rocket engine, the head of Boeing Co's defense division said on Thursday.

Taiwan shipbuilder, Lockheed Martin to build minesweepers for navy

A consortium of Taiwan's largest private shipbuilder Ching Fu Shipbuilding Co Ltd, U.S. defense firm Lockheed Martin Corp and Italian firm Intermarine SpA have won a contract to supply six mine countermeasure vessels for Taiwan's navy for an undisclosed amount.

Airbus in talks with China Aircraft Leasing for 100-plane order: Figaro

Airbus (AIR.PA) is in talks with China Aircraft Leasing Group Holdings Ltd (CALG) (1848.HK) for a potential $9-11 billion order of about 100 A320 jetliners, French daily Le Figaro said.

J.P. Morgan found hackers through breach of corporate event website: media

J.P. Morgan Chase & Co learned about hackers who stole the bank's contact information for 76 million households and 7 million small businesses through a corporate event that it sponsors, the New York Times and Wall Street Journal reported, citing people familiar with the matter.

China's October official PMI edges down to 50.8

China's factory sector grew in October but at a pace that was slightly slower than expected, underlining the challenges facing the sector as manufacturers fight rising costs and softening demand in a cooling economy.

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