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

China’s economic wobbles worsen as factory, property woes mount

China's economic wobbles worsen as factory, property woes mount

Employees wearing face masks work on a car seat assembly line at Yanfeng Adient factory in Shanghai, China, as the country is hit by an outbreak of a new coronavirus, February 24, 2020. REUTERS/Aly Song/File Photo Register now for FREE unlimited access to Reuters.com Register Factory activity slows in July vs June – Caixin survey … 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

Protest over 15th-century land grab doctrine interrupts papal Mass in Canada

Protest over 15th-century land grab doctrine interrupts papal Mass in Canada

People hold a banner as Pope Francis presides over a mass at the Shrine of Sainte-Anne-de-Beaupre, one of the oldest and most popular pilgrimage sites in North America, in Sainte-Anne-de-Beaupre, Quebec, Canada July 28 , 2022. The banner reads: “Rescind the doctrine”. REUTERS/Guglielmo Mangiapane Register now for FREE unlimited access to Reuters.com Register July 28 … 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