EASIA

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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Wall Street rallies on economic data, crude falls as stockpiles jump

Wall Street rallies on economic data, crude falls as stockpiles jump

NEW YORK, Aug 3 (Reuters) – U.S. stocks closed sharply higher and Treasury yields hit a two-week high on Wednesday, as strong economic data, upbeat business guidance and an easing of geopolitical concerns propelled investors’ appetite for risk. Crude futures for the previous month fell after a report that US crude and gasoline stockpiles unexpectedly …

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OPEC+ agrees tiny output rise in setback for Biden

OPEC+ agrees tiny output rise in setback for Biden

OPEC will raise production target by 100,000 bpd starting in September OPEC faces production problems to meet existing targets The United States seeks more production from OPEC to counteract Russia Biden trip, US arms sales failed to persuade DUBAI/LONDON, Aug 3 (Reuters) – OPEC+ will raise its oil output target by 100,000 barrels a day, …

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Toyota unit falsified emissions data from at least 2003, probe finds

Toyota unit falsified emissions data from at least 2003, probe finds

Hino Motors Ltd displays its new Hybrid Profia, a diesel-hybrid version of its large commercial truck model at its Hino R&D Center in Tokyo, Japan, July 17, 2018. REUTERS/Naomi Tajitsu/File Photo Sign up now for FREE unlimited access to Reuters.com Record Committee releases report on Hino fake data scandal He says that the engineers did …

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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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Google helps jittery stocks ahead of Fed

Asian stocks slide with U.S. yields on Pelosi jitters; Aussie drops

A man wearing a protective face mask, amid the coronavirus disease (COVID-19) pandemic, walks past a screen displaying the Shanghai Composite Index, the Nikkei Index and the Dow Jones Industrial Average in front of a house of stock exchange in Tokyo, Japan, on February 14, 2022. REUTERS/ Kim Kyung Hoon Sign up now for FREE …

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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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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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Shenzhen accelerates China's driverless car dreams

Shenzhen accelerates China’s driverless car dreams

SHENZHEN, China, Aug 1 (Reuters) – On a busy downtown street, three delivery bikes suddenly cross the crosswalk in front of the car. On the car dashboard they look like little blue 3D blocks from a 90s video game. The steering wheel turns just a notch and the vehicle slows to a smooth stop, while …

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China's factory activity contracts unexpectedly in July as COVID flares up

China’s factory activity contracts unexpectedly in July as COVID flares up

Employees work on the production line of vehicle components during a government-organized media tour of a factory of German engineering group Voith, following the outbreak of the coronavirus disease (COVID-19), in Shanghai, China, on July 21, 2022. REUTERS/Aly Song Sign up now for FREE unlimited access to Reuters.com Record China’s official July manufacturing PMI below …

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