Tencent shifts focus to majority deals, overseas gaming assets for growth

HONG KONG, Oct 1 (Reuters) – Tencent is resetting its M&A strategy to put more focus on buying majority stakes mainly in overseas gaming companies, as the tech giant eyes global expansion to offset slowing growth at home in China, people with direct knowledge of the matter said. Tencent Holding Ltd (0700.HK) has for years … Read more

Wall St posts third straight quarterly loss as inflation weighs, recession looms

S&P 500 notches largest September percentage drop in 20 years All three major US stock indexes post three-quarter slumps Core inflation data hotter than expected Indexes down: Dow 1.71%, S&P 1.51%, Nasdaq 1.51% NEW YORK, Sept 30 (Reuters) – The S&P 500 closed the books on its steepest September decline in two decades on Friday, … Read more

Exclusive: Brands blast Twitter for ads next to child pornography accounts

Sept 28 (Reuters) – Some major advertisers including Dyson, Mazda, Forbes and PBS Kids have suspended their marketing campaigns or removed their ads from parts of Twitter because their promotions appeared alongside tweets soliciting child pornography, the companies told Reuters. Brands ranging from Walt Disney Co (DIS.N), NBCUniversal (CMCSA.O) and Coca-Cola Co (KO.N) to a … Read more

Cryptoverse: Bitcoin miners get stuck in a bear pit

A bitcoin representation is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS / Benoit Tessier Register now for FREE unlimited access to Reuters.com Register Sept 27 (Reuters) – Spare a thought for the beleaguered bitcoin miner. In late 2021, miners were the toast of the … Read more

Twitter to interview Elon Musk, known for combative testimony

WILMINGTON, Del., Sept 26 (Reuters) – Billionaire Elon Musk’s tendency to dish out insults while being questioned under oath will be tested anew this week, when lawyers for Twitter Inc (TWTR.N) are expected to interview the Tesla Inc (TSLA .O) CEO about his abrupt decision in July to ditch his $ 44 billion deal for … Read more

EXCLUSIVE China sends regulators to Hong Kong to assist US audit inspection-sources

A Chinese national flag flutters outside the China Securities Regulatory Commission (CSRC) building on the Financial Street in Beijing, China July 9, 2021. REUTERS / Tingshu Wang Register now for FREE unlimited access to Reuters.com Register HONG KONG, Sept 22 (Reuters) – Beijing has sent a team of regulatory officials to Hong Kong to assist … Read more

Cryptoverse: After Merge, ether heads for a $ 20 billion Shanghai splurge

Souvenir tokens representing cryptocurrency networks Bitcoin, Ethereum, Dogecoin and Ripple plunge into water in this illustration taken May 17, 2022. REUTERS / Dado Ruvic / Illustration / File Photo Register now for FREE unlimited access to Reuters.com Register Sept 20 (Reuters) – The Merge came, saw and conquered. Not that you’d guess from crypto prices. … Read more

Wall St staggers to higher close as Fed rate hike looms

Register now for FREE unlimited access to Reuters.com Register Market sees 22% likelihood of a 100 bps rate hike from Fed -CME Railroad stocks drop amid negotiations to avoid strike Indexes up: Dow 0.10%, S&P 0.34%, Nasdaq 0.74% NEW YORK, Sept 14 (Reuters) – Wall Street ended a directionless session higher on Wednesday as an … Read more

Google loses challenge against EU antitrust decision, other probes loom

Register now for FREE unlimited access to Reuters.com Register LUXEMBOURG, Sept 14 (Reuters) – Google suffered one of its biggest setbacks on Wednesday when a top European court fined it 4.125 billion euros ($ 4.13 billion) for using its Android mobile operating system to thwart rivals, offering a precedent for other regulators to ratchet up … Read more

Twitter whistleblower reveals employees concerned China agent could collect user data

Register now for FREE unlimited access to Reuters.com Register Sept 13 (Reuters) – Disclosures from a former Twitter Inc (TWTR.N) executive turned whistleblower show that Twitter was informed of at least one Chinese agent working at the social media company, US Senator Chuck Grassley said in his opening remarks during a Senate hearing on Tuesday … Read more