Five Chinese state-owned companies to delist from NYSE amid US tensions

Five Chinese state-owned companies to delist from NYSE amid US tensions

SHANGHAI/HONG KONG, Aug 12 (Reuters) – Five Chinese state-owned companies, including oil giant Sinopec (600028.SS) and China Life Insurance (601628.SS), said on Friday they would delist from the New York Stock Exchange, amid economic and diplomatic tensions with the United States. The companies, which also include Aluminum Corporation of China (Chalco) (601600.SS), PetroChina (601857.SS) and … Read more

SoftBank’s Alibaba sale could end breakup taboo

SoftBank's Alibaba sale could end breakup taboo

Japan’s SoftBank Group Corp Chief Executive Masayoshi Son attends a news conference in Tokyo, Japan, November 5, 2018. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register LONDON, Aug 10 (Reuters Breakingviews) – Masayoshi Son is thinking the unthinkable at SoftBank Group (9984.T). His $63 billion technology and telecom empire will slash its … Read more

Cryptoverse: Blockchain bridges fall into troubled waters

Cryptoverse: Blockchain bridges fall into troubled waters

Representations of cryptocurrency Bitcoin, Ethereum and Dash plunge into water in this illustration taken, May 23, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Aug 9 (Reuters) – Another day, another hack – and another blockchain bridge burned. When thieves stole an estimated $190 million from US crypto firm Nomad last … Read more

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

China’s Alibaba strives to keep New York listing amid audit dispute

China's Alibaba strives to keep New York listing amid audit dispute

The logo for Alibaba Group is seen on the trading floor at the New York Stock Exchange in Manhattan, New York City, US, Aug. 3, 2021. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 1 (Reuters) – Alibaba Group Holding Ltd (9988.HK) on Monday said it would work to maintain … Read more

Wall Street falls as Walmart warning rattles retail sector

Wall Street closes lower as ad tech, social media stocks drop

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, July 21, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Walmart cuts profit forecast, drags retailers McDonald’s up as sales, profit top estimates GE jumps on higher profit, Coca-Cola up on forecast raise Indexes … Read more

Alibaba aims to add primary listing in Hong Kong, woo China investors after crackdown

Alibaba aims to add primary listing in Hong Kong, woo China investors after crackdown

A man walks past the Alibaba Group office building in Beijing, China August 9, 2021. REUTERS/Tingshu Wang Register now for FREE unlimited access to Reuters.com Register Expects to add HK primary listing by end-2022, keep NYSE listing HK shares jump nearly 6%; move will diversify investor base -CEO Seen boosting mainland China investor access to … Read more

Wall Street closes lower as ad tech, social media stocks drop

Wall Street closes lower as ad tech, social media stocks drop

Snap Inc shares plunge on slowing growth Communication services stocks lead sectoral declines AmEx raises revenue forecast on resilient card spending Indexes down: Dow 0.43%, S&P 500 0.93%, Nasdaq 1.87% July 22 (Reuters) – US stocks ended lower on Friday as disappointing earnings from Snap spooked investors and shares in social media and ad tech … Read more

S&P 500, Dow close lower after bank earnings, inflation data

S&P 500, Dow close lower after bank earnings, inflation data

JPMorgan, Morgan Stanley report profit miss PPI surges more than expected in June Conagra Brands falls on downbeat forecast Down 0.46%, S&P off 0.30%, Nasdaq up 0.03% NEW YORK, July 14 (Reuters) – The S&P 500 (.SPX) pared early losses to close modestly lower on Thursday after investors digested disappointing quarterly results from two large … Read more

Canadians’ anger over Rogers outage may complicate its merger hopes

Canadians' anger over Rogers outage may complicate its merger hopes

The Rogers Building, the green-topped corporate campus of Canadian media conglomerate Rogers Communications is seen in downtown Toronto, Ontario, Canada July 9, 2022. REUTERS/Chris Helgren Register now for FREE unlimited access to Reuters.com Register TORONTO, July 10 (Reuters) – Rogers Communications (RCIb.TO) complicated its chances of getting antitrust approval for a C$20 billion telecom merger … Read more