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

Russia vetoes U.S.-led resolution on Moscow’s proclaimed annexations, China abstains

WASHINGTON, Sept 30 (Reuters) – Russia on Friday vetoed a UN Security Council resolution introduced by the United State and Albania condemning Moscow’s proclaimed annexation of parts of Ukraine, and China chose to abstain from the vote. Earlier, Russian President Vladimir Putin proclaimed Russian rule over four regions that make up 15% of Ukraine’s territory … Read more

Elon Musk set to showcase Tesla’s humanoid robot after delay

SAN FRANCISCO, Sept 30 (Reuters) – Tesla (TSLA.O) CEO Elon Musk has said a robot business will be worth more than its cars, and on Friday investors, customers and potential workers expect to see a prototype at Tesla’s “AI Day” that could prove whether the bot named “Optimus” is ready for work. The robot will … Read more

China’s factory, services surveys suggest economy struggling to rebound

China Sept official manufacturing PMI above forecast Private survey shows factory activity contracted sharply Services sector activity growth slowed in Sept – official survey COVID curbs, softening foreign demand, property weakness weigh BEIJING, Sept 30 (Reuters) – China’s factory activity eked out growth in September, but a slowdown in services sector growth and a downbeat … Read more

Sterling slides after BoE buys bonds, dollar hits 20-year high

NEW YORK/LONDON, Sept 28 (Reuters) – Sterling tumbled against the dollar on Wednesday before paring some losses after the Bank of England (BOE) said it would step in to prop up the gilt market, and the dollar index touched a fresh 20-year high trading was volatile. The BOE said it would buy as many long-dated … Read more

U.S. VP Harris condemns ‘disturbing’ Chinese actions

YOKOSUKA, Japan, Sept 28 (Reuters) – U.S. Vice President Kamala Harris condemned on Wednesday “disturbing” actions by China in the Pacific while pledging to deepen “unofficial ties” with Taiwan, days after the U.S. administration pledged its forces would defend the island. Harris made her remarks on the deck on the USS Howard destroyer during a … Read more

Why no news may be good news for China-watching investors

HONG KONG, Sept 28 (Reuters) – Investors are dialling back risk exposure ahead of China’s Communist Party Congress in October and sticking money in the relative safety of mainland blue chips as they await signs Beijing is ready to address problems hanging over the economy. The ChinaAMC China 50 ETF (510050.SS), the country’s largest exchange-traded … Read more

Rampant dollar pauses for breath as bears stalk stocks

Register now for FREE unlimited access to Reuters.com Register HONG KONG, Sept 27 (Reuters) – Asian markets attempted to stabilise on Tuesday after a wild few days during which most assets, barring the dollar, fell, with the greenback easing a bit and stocks flat. Sterling , which collapsed to a record low $1.0327 on Monday, … Read more

Home to 28,000 U.S. troops, S.Korea unlikely to avoid a Taiwan conflict

U.S. President Joe Biden has an ice cream as he greets the US troops during his visit to the Air Operations Center at Osan Air Base in Pyeongtaek, South Korea, May 22, 2022. REUTERS/Jonathan Ernst Register now for FREE unlimited access to Reuters.com Register SEOUL, Sept 26 (Reuters) – Tensions over Taiwan have raised the … Read more

Prominent Chinese commentator urges COVID experts to ‘speak out’

Register now for FREE unlimited access to Reuters.com Register BEIJING, Sept 26 (Reuters) – Prominent Chinese commentator Hu Xijin said on Sunday that as China ponders its COVID-19 policies, epidemic experts need to speak out and China ought to conduct comprehensive research and make any studies transparent to the public. Hu’s unusual call on Chinese … Read more