Tencent shifts focus to majority deals, foreign gaming assets for growth sources

HONG KONG, Oct. 1 (Reuters) – Tencent is realigning its M&A strategy to focus more on buying controlling stakes, primarily in foreign gaming companies, as the tech giant sees global expansion to offset slowing growth at home in China, people with direct knowledge of said case. Tencent Holding Ltd (0700.HK) has been investing in hundreds … Read more

Wall Street plunges amid growing worries about economic growth

S&P 500 Index Returns to Nearly Two Year Low Airlines, cruises fall on cancellations due to Hurricane Ian CarMax collapses due to missing expectations for the second quarter Indices down: Dow 1.54%, S&P 2.15%, Nasdaq 3.05% Sept. 29 (Reuters) – Wall Street collapsed on Thursday amid worries about a global economic downturn following aggressive central … Read more

Russian peasants conscripted into the army, Putin says

This content was produced in Russia, where the law limits coverage of Russian military operations in Ukraine MOSCOW, Sept. 27 (Reuters) – Farmers are among Russians being drafted into the military, President Vladimir Putin told officials on Tuesday, pointing to potential further risks to the 2023 crop. Russia is the largest wheat exporter in the … Read more

McDonald’s raises prices in Japan on higher input costs, weaker yen

Customers are seen through the windows of a McDonald’s store (above) in Tokyo, while others queue at checkouts, July 22, 2014. REUTERS/Yuya Shino Register now for FREE unlimited access to Reuters.com Register TOKYO, Sept. 26 (Reuters) – McDonald’s fast-food restaurants in Japan will raise prices on about 60% of their offerings to customers, fueled by … Read more

In China, home buyers occupy their ‘decaying’, unfinished properties

GUILIN, China, Sept. 26 (Reuters) – For six months, the home for Ms Xu was a room in a high-rise apartment in the southern Chinese city of Guilin, which she bought three years ago, attracted by brochures touting the river view and the clean air of the city. Her living conditions, however, are far from … Read more

Britain is betting everything on historic tax cuts and loans, investors scare

Register now for FREE unlimited access to Reuters.com Register Kwarteng lowers top income tax rate for growth Huge increase in UK sovereign debt issuance planned Stamps suffer worst malaise in decades Pound falls to new 37-year low against dollar LONDON, Sept. 23 (Reuters) – Britain’s new Chancellor of the Exchequer, Kwasi Kwarteng, on Friday unleashed … Read more

IDB Directors unanimously recommend firing Claver-Carone after ethical investigation

Visitors walk past a screen displaying the Banco Interamericano de Desarrollo (BID) logo at the Atlapa Convention Center in Panama City March 13, 2013. REUTERS/Carlos Jasso Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept. 22 (Reuters) – The board of directors of the Inter-American Development Bank voted unanimously on Thursday to recommend … Read more

Europe burns money to help companies with mounting energy crisis

Register now for FREE unlimited access to Reuters.com Register European gas prices skyrocketed during Ukraine crisis Utilities face liquidity crisis as fuel prices rise Germany will ‘do everything’ to help companies Russian mobilization sends oil up, contributing to price pain BERLIN/LONDON, Sept. 21 (Reuters) – Germany nationalized gas importer Uniper (UN01.DE) on Wednesday and Britain … Read more

Ecuador reaches agreement with China to restructure debt

Ecuador’s President Guillermo Lasso speaks at the leaders’ second plenary session at America’s Ninth Summit in Los Angeles, California, US, June 10, 2022. REUTERS/Lauren Justice/File Photo/File Photo Register now for FREE unlimited access to Reuters.com Register Sept 19 (Reuters) – Ecuador has reached an agreement to restructure its debt to Chinese banks, the government said … Read more

Tesla completes production capacity expansion at Shanghai factory

A Tesla sign is seen at its factory in Shanghai, China, May 13, 2021. REUTERS/Aly Song/File Photo Register now for FREE unlimited access to Reuters.com Register SHANGHAI, Sept. 19 (Reuters) – Tesla (TSLA.O) Monday completed a project to expand production capacity at its Shanghai plant, according to a statement on a Shanghai government platform for … Read more