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

US considers crackdown on memory chip makers in China

US considers crackdown on memory chip makers in China

WASHINGTON, Aug 1 (Reuters) – The United States is considering limiting shipments of American chipmaking equipment to memory chip makers in China including Yangtze Memory Technologies Co Ltd (YMTC), according to four people familiar with the matter, part of a bid to halt China’s semiconductor sector advances and protects US companies. If President Joe Biden’s … 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

Elon Musk files countersuit under seal vs Twitter over $44 billion deal

Elon Musk files countersuit under seal vs Twitter over $44 billion deal

WILMINGTON, Del., July 29 (Reuters) – Elon Musk countersued Twitter Inc (TWTR.N) on Friday, escalating his legal fight against the social media company over his bid to walk away from the $44 billion purchase, although the lawsuit was filed confidentially. While the 164-page document was not publicly available, under court rules a redacted version could … Read more

India blocks Krafton’s game under law it has used to ban China apps-source

India blocks Krafton's game under law it has used to ban China apps-source

A Google sign is pictured outside the Google office in Berlin, Germany, August 31, 2021. REUTERS/Annegret Hilse/File Photo Register now for FREE unlimited access to Reuters.com Register NEW DELHI, July 29 (Reuters) – India blocked a popular battle-royale format game from Krafton Inc (259960.KS)a South Korean company backed by China’s Tencent (0700.HK)using a law it … Read more

Wall St ends up sharply for 2nd day; Amazon.com, Apple jump after hours

Wall St rises on Microsoft, Alphabet earnings as Fed decision looms

US economy contracts in the second quarter Meta Platforms revenue drops for first time Ford shares gain after results Indexes: Dow up 1%, S&P 500 up 1.2%, Nasdaq up 1.1% NEW YORK, July 28 (Reuters) – US stocks on Thursday rallied for a second day, with all three major indexes ending up more than 1% … Read more

Wall St rises on Microsoft, Alphabet earnings as Fed decision looms

Wall St rises on Microsoft, Alphabet earnings as Fed decision looms

Microsoft, Alphabet results spark rally in megacap stocks T-Mobile up after raising subscriber growth forecast Fed policy decision expected at 2 pm ET Indexes: Dow 0.39%, S&P 1.47%, Nasdaq 2.72% July 27 (Reuters) – The tech-heavy Nasdaq surged nearly 3% on Wednesday, leading Wall Street’s main indexes higher, as upbeat quarterly reports from Microsoft and … 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

Wall Street closes higher boosted by strong Tesla earnings

Wall Street closes higher boosted by strong Tesla earnings

Tesla shares rise as profit tops expectations AT&T drags down communication services sector Amazon, Apple rise ahead of earnings on July 28 Energy stocks lead sectoral declines Indexes up: Dow 0.51%, S&P 500 0.99%, Nasdaq 1.36% July 21 (Reuters) – Wall Street’s main indexes rose on Thursday boosted by a late-afternoon rally and gains in … Read more