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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 increase its stake in French video game group Ubisoft Entertainment SA (UBIP.PA) as the Chinese gaming giant pivots to the global gaming market. the games, four sources with direct knowledge of the matter told Reuters. China’s largest gaming and social media firm, which …

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BP boosts dividend after profit hits 14-year high

BP boosts dividend after profit hits 14-year high

Earnings soar to $8.45 billion, far exceeding forecasts BP increases dividend by 10% BP will increase spending on oil and gas, says CEO Profits Boosted by Strong Oil Trading, Hit by LNG LONDON, Aug 2 (Reuters) – BP’s (BP.L) second-quarter profit soared to $8.45 billion, its highest level in 14 years, as strong refining and …

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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 with $2.45 billion divestment Index Closing: S&P 500 -0.28%, Nasdaq -0.18%, Dow -0.14% Aug 1 (Reuters) – Wall Street closed lower after a choppy session on Monday, with falls at Exxon Mobil (XOM.N) and other energy companies weighing against gains at Boeing (BA.N) as investors They were taking …

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U.S. considers crackdown on memory chip makers in China

U.S. 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 chipmakers in China, including Yangtze Memory Technologies Co Ltd (YMTC), according to four people familiar with the matter. as part of an attempt to stop China’s semiconductor sector from advancing and protecting American companies. If the administration …

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Stephen King going to bat for U.S. gov’t in case against book publishing mega-merger

Stephen King going to bat for U.S. gov't in case against book publishing mega-merger

WASHINGTON, Aug 1 (Reuters) – The U.S. Justice Department asked a federal judge on Monday to block a $2.2 billion merger of two “Big Five” book publishers, Penguin Random House and Simon & Schuster. dollars, in a trial expected to feature testimony from horror writer Stephen King. “It’s real money for real people,” said Justice …

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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 will return to paying quarterly dividends from 2023 It aims to win over investors with a goal of higher returns. Says spin-off of Asian business has big risks London shares rise 6% LONDON/SINGAPORE, Aug 1 (Reuters) – HSBC (HSBA.L) has rejected a proposal by China’s top shareholder Ping An Insurance Group Co (601318.SS) to …

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U.S. majors Exxon, Chevron post blowout earnings, ramp up buybacks

U.S. majors Exxon, Chevron post blowout earnings, ramp up buybacks

High prices and margins lead large companies to the best quarters in history Exxon profits top previous record set in 2012 Jul 29 (Reuters) – The two largest U.S. oil companies, Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N), reported record revenue on Friday, boosted by rising oil prices. crude oil and natural gas and …

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Apple forecasts faster sales growth, strong iPhone demand despite glum economy

Apple forecasts faster sales growth, strong iPhone demand despite glum economy

Jul 28 (Reuters) – Apple Inc (AAPL.O) said on Thursday spare parts shortages are easing and demand for iPhones continues despite consumers curtailing other spending, helping beat Wall’s expectations. Street and forecasts faster sales growth in the future. Shares of the Silicon Valley giant rose 3.5% hours after the results were released. Although macroeconomic indicators …

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Shell, Total continue buyback bonanza after record profits

Shell, Total continue buyback bonanza after record profits

Second quarter total profit $9.8 billion vs. first quarter $9 billion Shell profit in the second quarter of $11.5 billion vs. the first quarter of $9.1 billion Shell to buy back $6bn worth of shares, total $2bn Fixed dividends: Total 0.69 eur/shr, Shell $0.25/shr LONDON, July 27 (Reuters) – Europe’s biggest oil companies Shell (SHEL.L) …

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Shell smashes record again with $11.5 billion profit

Shell smashes record again with $11.5 billion profit

General view of a Shell petrol station sign in Milton Keynes, Britain, January 5, 2022. REUTERS/Andrew Boyers/File Photo GLOBAL BUSINESS WEEK AHEAD Sign up now for FREE unlimited access to Reuters.com Record Shell announced a $6 billion buyback program Refining margins tripled in the second quarter Strong gas and power trading lifts profits LONDON, July …

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