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Assassin's Creed maker Ubisoft plunges 16% after Chinese giant Tencent ups stake

Assassin’s Creed maker Ubisoft plunges 16% after Chinese giant Tencent ups stake

Tencent has increased its stake in French games maker Ubisoft, the company behind popular franchises like Assassin’s Creed. But analysts said this has effectively closed the door on a full takeover of the company. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Shares of games developer Ubisoft plunged more than 16% on Wednesday …

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Assassin's Creed maker Ubisoft plunges 16% after Chinese giant Tencent ups stake

Assassin’s Creed maker Ubisoft plunges 17% after Chinese giant Tencent ups stake

Tencent has increased its stake in French games maker Ubisoft, the company behind popular franchises like Assassin’s Creed. But analysts said this has effectively closed the door on a full takeover of the company. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Shares of games developer Ubisoft plunged more than 17% on Wednesday …

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EXCLUSIVE U.S. regulators to vet Alibaba, other Chinese firms' audits -sources

EXCLUSIVE U.S. regulators to vet Alibaba, other Chinese firms’ audits -sources

Register now for FREE unlimited access to Reuters.com Register Alibaba notified of U.S. audit inspection -sources Vetting of U.S.-listed Chinese firms’ audits starts next month Follows landmark U.S.-China audit deal Alibaba shares fall nearly 3% HONG KONG, Aug 30 (Reuters) – U.S. regulators have selected e-commerce giant Alibaba Group Holding Ltd (9988.HK) and other U.S.-listed …

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Chinese borrowers pile pressure on banks with early mortgage payments

Chinese borrowers pile pressure on banks with early mortgage payments

Chinese residential property owners are rushing to pay off their mortgages early, heaping pressure on commercial banks that were already struggling to identify attractive lending opportunities. Several state bank managers told the Financial Times that branches in Beijing and Shanghai had experienced a 20 per cent increase in mortgage prepayments this year. Analysts said the …

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Alibaba could see first revenue decline on record but analysts expect sales recovery later this year

Once high-flying Chinese tech giants are now looking to scale back costs

Alibaba has faced growth challenges amid regulatory tightening on China’s domestic technology sector and a slowdown in the world’s second-largest economy. But analysts think the e-commerce giant’s growth could pick up through the rest of 2022. Kuang Da | Jiemian News | VCG | Getty Images Chinese tech giants Alibaba and Tencent often talk about …

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Tencent, the $370 billion Chinese tech giant, posts first ever revenue decline

Tencent, the $370 billion Chinese tech giant, posts first ever revenue decline

Tencent has faced a number of headwinds in 2022 including a Covid-induced slowdown in the Chinese economy and a tougher market for gaming. Bobby Yip | Reuters Tencent posted its first ever quarterly year-on-year revenue decline as stricter regulations around gaming in China and a resurgence of Covid-19 in the world’s second-largest economy hit the …

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Asia-Pacific markets were mixed as BHP and Chinese real estate shares soar

Asia-Pacific markets were mixed as BHP and Chinese real estate shares soar

Indian wholesale price inflation falls to nearly 14% The annual wholesale price inflation rate in India fell to 13.93% in July from 15.18% in June, according to the latest data from India’s Office of the Economic Adviser. This was better than analysts’ estimates of 14.2%, according to a Reuters’ poll. The wholesale price inflation is …

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Bitcoin, Ethereum, Dogecoin Rally Halts As Chinese Data Disappoints: Are Investors Already Engaging In Profit-Taking?

Bitcoin, Ethereum, Dogecoin Rally Halts As Chinese Data Disappoints: Are Investors Already Engaging In Profit-Taking?

Bearish sentiment kept major coins lower on Monday evening as the global cryptocurrency market cap declined 1.05% to $1.15 trillion at press time. Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin BTC/USD -1% 0.8% $24,020.13 …

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The ‘writing is on the wall’ for ‘Chimerica’ on U.S. stock exchanges as $318 billion of Chinese equity flees Wall Street

The ‘writing is on the wall’ for ‘Chimerica’ on U.S. stock exchanges as $318 billion of Chinese equity flees Wall Street

For months, federal regulators have increased pressure on Beijing and Chinese companies that trade on U.S. stock exchanges to comply with American listing rules.  But on Friday, five of China’s biggest U.S.-listed, state-owned giants, valued at a collective $318 billion, announced they would exit Wall Street instead, marking an acceleration in the U.S.-China financial decoupling.  …

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

Five Chinese state-owned companies to delist from NYSE

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

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