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

Stocks steady as markets bet on hefty Bank of England hike

Market bets on 50bp hike by Bank of England Fed official: 50bp hike in Sept “reasonable” Oil rebounds from six-month low Lufthansa returns to operating profit Credit Agricole sees profits jump LONDON, Aug 4 (Reuters) – Strong earnings at Credit Agricole and Lufthansa lifted stocks on Thursday as tension over Nancy Pelosi’s visit to Taiwan … Read more

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

NEW YORK, Aug 3 (Reuters) – US stocks jumped to a sharply higher close and Treasury yields touched two-week highs on Wednesday as robust economic data, upbeat corporate guidance and easing geopolitical concerns boosted investor risk appetite. Front-month crude futures dropped following a report that US stockpiles of crude and gasoline unexpectedly surged last week. … Read more

BP boosts dividend after profit hits 14-year high

Profits soar to $8.45 billion, far exceeding forecasts BP boosts dividend by 10% BP to boost spending on oil and gas, CEO says Profits driven by strong oil trading, hit by LNG LONDON, Aug 2 (Reuters) – BP’s (BP.L) second quarter profit soared to $8.45 billion, its highest in 14 years, as strong refining margins … Read more

HSBC rejects Ping An break-up call, promises higher dividend

HSBC to revert to paying quarterly dividends from 2023 Aims to win over investors with higher profitability targets Says demerger of Asian business has huge risks London shares rise nearly 8% LONDON/SINGAPORE, Aug 1 (Reuters) – HSBC (HSBA.L) pushed back on a proposal by top shareholder Ping An Insurance Group Co of China (601318.SS) to … Read more

‘Living with COVID’: Where the pandemic could go next

LONDON/CHICAGO, Aug 1 (Reuters) – As the third winter of the coronavirus pandemic looms in the northern hemisphere, scientists are warning weary governments and populations alike to brace for more waves of COVID-19. In the United States alone, there could be up to a million infections a day this winter, Chris Murray, head of the … Read more

Analysis: World’s biggest bond markets back in vogue as recession fears mount

Global indices are displayed on a screen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, US, August 19, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register LONDON, July 29 (Reuters) – One day you’re out and the next day you’re in: the world’s … Read more

‘Rescind the Doctrine’ protest greets pope in Canada

ST-ANNE-DE-BEAUPRÉ, Quebec (AP) — Pope Francis celebrated Mass on Thursday at Canada’s national shrine and came face-to-face with a long-standing demand from Indigenous peoples: to rescind the papal decrees underpinning the so-called “Doctrine of Discovery” and repudiate the theories that legitimized the colonial-era seizure of Native lands and form the basis of some property law … Read more

Canada says pope’s apology to Indigenous not enough

QUEBEC CITY (AP) — The Canadian government made clear Wednesday that Pope Francis’ apology to Indigenous peoples for abuses in the country’s church-run residential schools did not go far enough, suggesting that reconciliation over the fraught history is still very much a work in progress. The official government reaction came as Francis arrived in Quebec … Read more