By Commodity News Service Canada
WINNIPEG, Mar. 20, 2018 – A pact between Microsoft and BlackBerry appears to be paying off. BlackBerry Ltd’s U.S.-listed share jumped by six per cent on Tuesday after the software company announced it would be providing additional security to Microsoft’s Office program. BlackBerry has been making strides since ditching its smartphone business two years ago.
Global markets were tentative early Tuesday as questions grew over an apparent hack of 50 million Facebook accounts. Investors were still digesting the news that Cambridge Analytica had reportedly used data from the accounts in the 2016 U.S. presidential campaign. Shares of Facebook sank one per cent as a result. Japan’s benchmark Nikkei 225 dipped half a per cent to finish at 21,380.97. Australia’s S&P/ASX 200 declined 0.4 per cent to 5,936.40. Meantime, South Korea’s Kospi edged up 0.4 per cent to 2,485.52.
Software developer Micro Focus lost more than half of its market share this week after more problems surfaced regarding its integration with HP Enterprise Business. Shares fell 54 percent on Monday. The U.K. based technology firm took over Hewlet Packard’s software division last year in a deal worth $6.6 billion.