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Exclusive: Russia plans stiffer fines for tech firms that break rules – sources
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MOSCOW (Reuters) – Russia plans to impose stiffer fines on technology firms that fail to comply with Russian laws, sources familiar with the plans said, raising the stakes in the Kremlin’s fight with global tech giants such as Facebook (FB.O) and Google. FILE PHOTO: People release paper planes, symbol of the Telegram messenger, during a […]

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Exclusive: Dell taps banks to raise more cash for tracking stock offer – sources
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(Reuters) – Dell Technologies Inc (DVMT.N) is working with investment banks to add more cash to a $21.7 billion offer to buy back a “tracking stock” tied to its software company VMware Inc (VMW.N) as it nears a deal with investors, people familiar with the matter said on Tuesday. A Dell sign is seen during […]

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U.S. probing Huawei for possible Iran sanctions violations: sources
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NEW YORK/LONDON (Reuters) – Federal prosecutors in New York have been investigating since at least last year whether Chinese tech company Huawei Technologies Co Ltd [HWT.UL] violated U.S. sanctions in relation to Iran, according to sources familiar with situation. FILE PHOTO: The Huawei logo is seen during the Mobile World Congress in Barcelona, Spain, February […]

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China startup Nio hires eight banks for up to $2 billion U.S. IPO: sources
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HONG KONG (Reuters) – Chinese electric vehicle startup Nio has hired eight banks including Morgan Stanley (MS.N) and Goldman Sachs (GS.N) to work on a planned U.S. stock market listing this year worth up to $2 billion, people with knowledge of the matter told Reuters. Other banks are Bank of America Merrill Lynch (BAC.N), Credit […]

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Exclusive: Broadcom to raise Qualcomm bid in push for talks, sources say
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(Reuters) – Broadcom Ltd (AVGO.O) plans to unveil a new approximately $120 billion offer for Qualcomm Inc (QCOM.O) on Monday, aiming to ratchet up pressure on its U.S. semiconductor peer to engage in negotiations, people familiar with the matter said on Sunday. The move comes ahead of a Qualcomm shareholder meeting scheduled for March 6, […]

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