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January 28, 2022

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EXCLUSIVE Tencent plans to take U.S.-listed streaming firm DouYu private -sources

Reuters
People walk past a booth of live-streaming platform Douyu at the ChinaJoy digital entertainment expo in Shanghai, China July 28, 2016. REUTERS/Stringer/File Photo Register now for FREE unlimited access to Reuters.com Register Jan 27 (Reuters) – Tencent Holdings Ltd (0700.HK) plans to take DouYu International Holdings Ltd private amid disagreements......

Column: Commodity prices likely to be hit by slowdown before end of 2023: Kemp

Reuters
An employee works near a mixer of fused aluminium in Krasnoyarsk, Russia, July 27, 2016. Register now for FREE unlimited access to Reuters.com Register LONDON, Jan 27 (Reuters) – Prices for a wide range of commodities have climbed to their highest level for seven years or more as drillers, miners......

Apple sales and profit top estimates as hit from chip shortages eases

Reuters
Pedestrians walk past an Apple store as Apple Inc. reports fourth quarter earnings in Washington, U.S., January 27, 2022. REUTERS/Joshua Roberts Register now for FREE unlimited access to Reuters.com Register Jan 27 (Reuters) – Apple Inc (AAPL.O) is overcoming the costly global shortage in computer chips, posting record sales over......

U.S., China confer on Ukraine, urge de-escalation and calm

Reuters
BEIJING/WASHINGTON, Jan 27 (Reuters) – China told the United States on Thursday it wants all sides involved in Ukraine to remain calm and avoid increasing tensions, while Washington stressed de-escalation and warned of the security and economic risks from any Russian aggression. “We call on all parties to stay calm......

Stellantis set to repay state-backed Italian loan early, sources say

Reuters
Workers install a flag with the logo of Stellantis, the world’s fourth-largest automaker which starts trading in Milan and Paris after Fiat Chrysler and Peugeot maker PSA finalised their merger, at the main entrance of FCA Mirafiori plant in Turin, Italy, January 18, 2021. REUTERS/Massimo Pinca Register now for FREE......

Rising costs, pandemic curbs take a bite out of McDonald’s profit

Reuters
Customers are seen at a McDonald’s fast food restaurant in Tokyo, Japan, September 26, 2017. REUTERS/Kim Kyung-Hoon/File Photo/File Photo Register now for FREE unlimited access to Reuters.com Register Jan 27 (Reuters) – McDonald’s Corp (MCD.N) missed revenue and profit expectations on Thursday, as higher costs and dismal sales in its......

Stellantis eyes greater stake of GAC JV in Chinese overhaul

Reuters
The logo of Stellantis is seen in this image provided on November 9, 2020. Communication FCA /Handout via REUTERS/File Photo Register now for FREE unlimited access to Reuters.com Register Stellantis says stake in JV would increase to 75% GAC says no formal agreement agreement signed JV produces Jeep-branded vehicle in......

China shares, yuan drop after Powell vows sustained fight against inflation

Reuters
CSI300 falls to lowest level since Sept. 2020 Tech shares lead losses, IT index down 2.46% Yuan heads for biggest one-day loss vs. Dollar in 7 weeks Stock Connect shows nearly 8 bn yuan in outflows SHANGHAI, Jan 27 (Reuters) – Chinese shares slumped to nearly 16-month lows and the......

Expats head for the exit as ‘easy’ Singapore’s COVID controls bite

Reuters
SINGAPORE, Jan 27 (Reuters) – Atar Sandler arrived in Singapore in 2019, seizing the opportunity to live in a buzzing global city that is also a convenient base to jet off to more exotic locales nearby. But after two years of mask-wearing, socialising in small groups and travel restrictions to......

China’s Dec industrial profits grow at slowest pace since April 2020

Reuters
China Dec industrial profits +4.2% yr/yr vs +9% in Nov China 2021 industrial profits +34.3% yr/yr BEIJING, Jan 27 (Reuters) – Profits at China’s industrial firms grew at a slower pace in December, the statistics bureau said on Thursday, as factory-gate inflation continued to ease, pointing to cooling demand amid......

Intel scores major win as court scraps $1.2 bln EU antitrust fine

Reuters
Jan 26 (Reuters) – Intel on Wednesday won its fight against a 1.06-billion-euro ($1.2 billion) EU antitrust fine that the U.S. chipmaker was handed 12 years ago for stifling a rival, in a major setback for EU antitrust regulators. The judgment by Europe’s second-top court in support of Intel’s arguments......

China will allow Guizhou financing vehicles to delay debt payments

Reuters
BEIJING, Jan 26 (Reuters) – China will allow local government financing vehicles (LGFVs) in the southwestern province of Guizhou to delay debt payments and undergo debt restructuring, the cabinet said on Wednesday, part of a broader plan to spur growth in one of China’s poorest regions. China’s local governments are......

Hong Kong risks exodus over extended COVID isolation, Euro chamber says

Reuters
Hong Kong skyline is pictured from Victoria Peak in Hong Kong, China January 2, 2020. REUTERS/Navesh Chitrakar Register now for FREE unlimited access to Reuters.com Register HK reopening seen delayed until China rolls out mRNA vaccine High costs include exodus of international residents Appeal as global business hub seen fading......

China’s yuan ends at highest in nearly 4 years, despite some state bank actions

Reuters
SHANGHAI, Jan 26 (Reuters) – China’s yuan finished Wednesday’s domestic trading session at the highest level in nearly four years against the dollar and a 6-1/2-year peak versus its trading basket, while markets continued to gauge authorities’ attitude towards recent gains. The onshore spot yuan ended its domestic trading session......

Copper gains for second session, market eyes Fed move

Reuters
SINGAPORE, Jan 26 (Reuters) – London copper prices edged higher on Wednesday, in positive territory for the second session, ahead of U.S. Federal Open Market Committee’s decision on interest rates. Investors are awaiting the Fed’s update to its policy plan, likely fleshing out timing on expected rate hikes and dwindling......

China Evergrande to hold investor call on Wednesday – sources

Reuters
The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register HONG KONG, Jan 26 (Reuters) – China Evergrande Group (3333.HK) will hold an investor call at 9 pm (1300......

China’s Realme eyes Europe’s high-end smartphone market with new launch

Reuters
To start selling premium GT 2 Pro phone across Europe in Feb GT 2 Pro priced at $792-$905, in line with other high-end phones SHENZHEN, China, Jan 26 (Reuters) – China’s Realme will enter Europe’s high-end handset market next month with its priciest ever device, its CEO told Reuters, as......

Italy clears hurdle to buy export agency SACE in $4.8 bln deal

Reuters
ROME, Jan 25 (Reuters) – Italy approved a long-awaited decree needed for the Treasury to buy credit insurance agency SACE from state lender Cassa Depositi e Prestiti (CDP) in a deal expected to be worth around 4.25 billion euros ($4.81 billion), sources told Reuters. The Treasury wants to directly control......

Column: China slashing crude stockpiling ends oil demand growth driver: Russell

Reuters
Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai, China October 22, 2018. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register LAUNCESTON, Australia, Jan 25 (Reuters) – China’s stockpiling of crude oil ground to almost a halt in 2021, reversing years......

Nvidia preparing to abandon acquisition of Arm – Bloomberg News

Reuters
The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. . REUTERS/Robert Galbraith/File Photo/File Photo Register now for FREE unlimited access to Reuters.com Register Jan 25 (Reuters) – Nvidia Corp (NVDA.O) is preparing to abandon its purchase of Arm Ltd from SoftBank......

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