News highlights – 18 October

News highlights for 18 October

REUTERS/Suzanne Plunkett

Citi’s e-commerce partnerships boost business in Asia

HONG KONG (Reuters) – Citigroup Inc’s tie-ups with e-commerce companies in Asia such as ride-hailing firm Grab and online retailer Lazada Group are boosting revenues at its consumer business in the region, the boss of Citigroup Asia said. Read more…

Russian detained in Czech Republic in connection with US hack

PRAGUE (Reuters) – Czech police have detained a Russian man wanted in connection with hacking attacks on targets in the United States, the police said, without giving further details. Read more…

Sharp shares soar as annual profits look buoyant

TOKYO (Reuters) – Japan’s Sharp Corp on Wednesday said it expects significant improvement in annual profit due to restructuring and synergies with new owner Foxconn, sending shares in the display maker soaring more than 10 percent. Read more…

Samsung may face class action suit over Galaxy Note 7 debacle

Reuters) – Samsung Electronics Co Ltd’s U.S. unit is facing a proposed class action lawsuit from three Galaxy Note 7 customers, according to a filing in a federal court in Newark, New Jersey. Read more…

Sprint results better than expected

(Reuters) – Sprint Corp, the No. 4 U.S. wireless carrier, estimated quarterly operating revenue above analysts’ expectations as heavy promotions helped attract more postpaid customers. Read more…

Tags: Citi in Asia, hacker caught, Samsung class action, Sprint results