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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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Fed officials beat inflation drum; 50-basis-point rate hike 'reasonable' next month

Fed officials beat inflation drum; 50-basis-point rate hike ‘reasonable’ next month

Aug 3 (Reuters) – Federal Reserve officials on Wednesday again expressed their determination to rein in high inflation, though one noted that a half percentage point hike in the U.S. central bank’s key interest rate next month would could be enough to move towards that goal. “I go from the idea that 50 (basis points) …

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Cryptoverse: Bitcoin beats the heat in a jumpin' July

Cryptoverse: Bitcoin beats the heat in a jumpin’ July

A representation of virtual currency bitcoin and a U.S. one dollar banknote are seen in front of a stock graph in this illustration taken January 8, 2021. REUTERS/Dado Ruvic Register now for FREE unlimited access to Reuters.com Register Aug 2 (Reuters) – It’s been a good month for bitcoin – and we haven’t said that …

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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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Inflation begins to strain finances of young, low-income Americans

Inflation begins to strain finances of young, low-income Americans

A shopper wearing a face mask at a Dollar Tree store in Pasadena, California, U.S., June 11, 2020. REUTERS/Mario Anzuoni Sign up now for FREE unlimited access to Reuters.com Record NEW YORK, Aug 1 (Reuters) – As high inflation forces Americans to spend more on gas and bills, young and low-income consumers are starting to …

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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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Wall Street falls as Walmart warning rattles retail sector

Wall Street falls as Walmart warning rattles retail sector

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 21, 2022. REUTERS/Brendan McDermid Sign up now for FREE unlimited access to Reuters.com Record Walmart lowers earnings forecast, drags down retailers McDonald’s beats sales and profit estimates GE jumps on higher profits, Coca-Cola rises on increase forecast …

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Cryptoverse: What crisis? Venture capitalists bet big on crypto

Cryptoverse: What crisis? Venture capitalists bet big on crypto

A stock chart is seen with a representation of bitcoin in this illustration taken on March 13, 2020. REUTERS/Dado Ruvic/ Sign up now for FREE unlimited access to Reuters.com Record July 26 (Reuters) – Not all is doom and gloom. Even as the cryptocurrency sector shivers in the bleak winter, venture capitalists are pouring money …

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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 Sign up now for FREE unlimited access to Reuters.com Record Expects to add HK main listing by end of 2022, keep listing on NYSE Hong Kong shares rise 5%; the measure will diversify the investor base -CEO Seen …

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