EXCLUSIVE Tencent seeks bigger stake in ‘Assassin’s Creed’ maker Ubisoft -sources

EXCLUSIVE Tencent seeks bigger stake in 'Assassin's Creed' maker Ubisoft -sources

HONG KONG, Aug 4 (Reuters) – Tencent Holdings Ltd (0700.HK) plans to raise its stake in French video game group Ubisoft Entertainment SA (UBIP.PA) as the Chinese gaming giant pivots to the global gaming market, four sources with direct knowledge of the matter told Reuters. China’s largest social network and gaming firm, which bought a … Read more

Sterling falls as BoE expects recession, US futures up

Sterling falls as BoE expects recession, US futures up

Bank of England hikes rates by 50 basis points BoE expects recession throughout 2023 Fed official: 50bp hike in Sept “reasonable” Oil stabilized after hitting six-month low Lufthansa returns to operating profit LONDON, Aug 4 (Reuters) – Sterling fell on Thursday after the Bank of England followed its counterparts in the United States and euro … Read more

Wall Street ends down after biggest month since 2020

Wall Street ends down after biggest month since 2020

US manufacturing sector slows modestly PerkinElmer rises on $2.45 billion divestment Indexes end: S&P 500 -0.28%, Nasdaq -0.18%, Dow -0.14% Aug 1 (Reuters) – Wall Street ended lower after a choppy session on Monday, with declines in Exxon Mobil (XOM.N) and other energy companies weighing against gains in Boeing (BA.N) as investors digested the US … Read more

HSBC hangs up on Ping An break-up call, lifts payout and profit goal

HSBC hangs up on Ping An break-up call, lifts payout and profit goal

HSBC to revert to paying quarterly dividends from 2023 Aims to win over investors with higher profitability target Says emergence of Asian business has huge risks London shares rise 6% LONDON/SINGAPORE, Aug 1 (Reuters) – HSBC (HSBA.L) pushed back on a proposal by top shareholder Ping An Insurance Group Co of China (601318.SS) to split … Read more

China’s Alibaba strives to keep New York listing amid audit dispute

China's Alibaba strives to keep New York listing amid audit dispute

The logo for Alibaba Group is seen on the trading floor at the New York Stock Exchange in Manhattan, New York City, US, Aug. 3, 2021. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 1 (Reuters) – Alibaba Group Holding Ltd (9988.HK) on Monday said it would work to maintain … Read more

World stocks eye best month since late 2020, dollar slips

World stocks eye best month since late 2020, dollar slips

MSCI World index up 0.3%; nearly 6% for the month Dollar down 0.5% against a basket of major peers Markets bet US slowdown to temper rate tightening LONDON/SINGAPORE, July 29 (Reuters) – Global stocks rose on Friday, on course for their best month since late 2020 as traders bet a weakening US economy could slow … Read more

Biden pledge to tax wealthy, companies revived with Manchin-led bill

Biden pledge to tax wealthy, companies revived with Manchin-led bill

Chairman US Senator Joe Manchin (D-WV) attends a US Senate Energy and Natural Resources Committee hearing on Capitol Hill in Washington, US, July 19, 2022. REUTERS/Elizabeth Frantz/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, July 28 (Reuters) – US President Joe Biden’s campaign trail promise to increase taxes on corporations and … Read more

Credit Suisse expected to announce Koerner as CEO, latest change at helm – sources

Credit Suisse expected to announce Koerner as CEO, latest change at helm - sources

July 26 (Reuters) – Credit Suisse Group AG (CSGN.S) is expected to announce Ulrich Koerner as his new chief executive, the latest management churn at the Swiss bank as it struggles to recover from a series of scandals, two sources familiar with the situation said on Tuesday. Pressure had been mounting on current CEO Thomas … Read more

Wall Street falls as Walmart warning rattles retail sector

Wall Street closes lower as ad tech, social media stocks drop

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, July 21, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Walmart cuts profit forecast, drags retailers McDonald’s up as sales, profit top estimates GE jumps on higher profit, Coca-Cola up on forecast raise Indexes … Read more

China’s Alibaba to apply for dual primary listing in Hong Kong

China's Alibaba to apply for dual primary listing in Hong Kong

A man walks past the Alibaba Group office building in Beijing, China August 9, 2021. REUTERS/Tingshu Wang Register now for FREE unlimited access to Reuters.com Register Expects to add HK primary listing by end-2022, keep NYSE listing Hong Kong shares jump 5%; move will diversify investor base -CEO Seen boosting mainland China investor access to … Read more