(Bloomberg) — Tencent Holdings Ltd.’s revenue beat estimates after its WeChat super-app propelled growth in advertising and gaming despite a faltering Chinese economic recovery. Most Read from Bloomberg Revenue for the three months ended March rose 6% to 159.5 billion yuan ($22 billion), compared with the 158.8 billion yuan average estimate. Net income for the […]
(Bloomberg) — Hon Hai Precision Industry Co. reported a weaker-than-expected profit as demand for iPhones remained sluggish in China, though it projected significant growth in the current quarter. Most Read from Bloomberg The Taiwanese company, a key partner to both Apple Inc. and Nvidia Corp., gave that forecast after reporting its strongest monthly sales since […]
(Bloomberg) — Uber Technologies Inc. is buying Delivery Hero SE’s Foodpanda business in Taiwan for $950 million, shoring up its control of a key Asian market as it seeks to expand in the region. Most Read from Bloomberg Uber, whose meal delivery business outperformed globally during the most recent quarter, aims to complete the all-cash […]
(Bloomberg) — Shares of Square Enix Holdings Co. tumbled 16% in their biggest decline in 13 years after its president said sales of recent big-budget games disappointed and that it would take years for a recent reorganization to bear fruit. Most Read from Bloomberg Sales of Final Fantasy VII Rebirth, Final Fantasy XVI and Foamstars […]
TOKYO (Reuters) – Japan envisages the need for electricity output to rise 35% to 50% by 2050 due to growing demand from semiconductor plants and data centres backing artificial intelligence (AI), the government has forecast. Power output should grow from 1 trillion kilowatt-hours (kWh) projected for the current decade to about 1.35-1.5 trillion kWh in […]
By Paul Carsten LONDON (Reuters) – Oil prices were little changed on Tuesday, as OPEC maintained its global oil demand forecasts and investors waited on U.S. inflation indicators this week. Brent crude futures fell 9 cents to $83.27 a barrel at 1102 GMT, while U.S. West Texas Intermediate (WTI) crude futures also lost 9 cents […]
By Georgina McCartney HOUSTON (Reuters) – Oil prices settled lower on Tuesday, after U.S. data stoked concerns that interest rates may stay high, but potential risks to supply from Mideast tensions and wildfires in Canada put a floor under prices. Brent crude futures settled down 98 cents, or 1.18% at $82.38 a barrel. U.S. West […]
By Colleen Howe BEIJING (Reuters) – Oil prices rose on Tuesday as the supply-demand balance looked set to tighten on operational disruptions, stronger demand and voluntary output cuts. U.S. West Texas Intermediate crude futures rose 18 cents to $79.30 a barrel by 1224 GMT. Brent crude futures gained 19 cents, reaching $83.55 a barrel. The […]
By Jeslyn Lerh SINGAPORE (Reuters) – Oil prices were little changed on Tuesday as investors eyed fresh drivers, including upcoming U.S. inflation indicators and a monthly report from the Organization of the Petroleum Exporting Countries this week. Brent crude futures inched 4 cents higher to $83.40 a barrel at 0315 GMT, while U.S. West Texas […]
(Bloomberg) — Verizon Communications Inc. is interested in buying back US Cellular Corp.’s stake in its Los Angeles business if the companies can agree on a reasonable price, the chief of Verizon’s consumer division said. Most Read from Bloomberg US Cellular owns a stake in Verizon’s Los Angeles market segment, and Verizon has long been […]
(Bloomberg) — Using Facebook in the lead-up to the US 2020 presidential election might have increased the chances of someone voting for Donald Trump, university researchers said in a study published Monday in the academic journal Proceedings of the National Academy of Sciences. Most Read from Bloomberg As part of the study, the researchers asked […]
(Bloomberg) — Verizon Communications Inc. is interested in buying back US Cellular Corp.’s stake in its Los Angeles business if the companies can agree on a reasonable price, the chief of Verizon’s consumer division said. Most Read from Bloomberg US Cellular owns a stake in Verizon’s Los Angeles market segment, and Verizon has long been […]
