Chinese regulator blocks Tencent’s $5.3b video games merger

China’s market regulator on Saturday said it would block Tencent Holdings Ltd’s plan to merge the country’s top two videogame streaming sites, Huya and DouYu, on antitrust grounds. 
10 July 2021, 18:00 PM

Investors eager for earnings amid growth concerns

Investors are looking to US companies’ upcoming quarterly results and forecasts about the recovery in the second half of 2021 as some worry that the recent economic surge is already waning.
10 July 2021, 18:00 PM

Oil prices rise over 2pc as US inventories decline

Oil prices rose for a second day on Friday as the market reacted to falling US inventories, and signs of strong Asian demand from both China and India added support.
10 July 2021, 18:00 PM

US states accuse Google of app store monopoly

Dozens of US states joined forces in a lawsuit filed Wednesday accusing Google of abusing its power when it comes to getting apps for Android-powered mobile devices.
8 July 2021, 18:00 PM

ECB to announce revamped inflation target, climate role

The European Central Bank was to announce the outcome on Thursday of an 18-month strategy review, redefining a inflation target seen by some as confusing and laying down what role it can play in the fight against climate change. 
8 July 2021, 18:00 PM

UK housing boom cools as prices fall in June

Britain's housing market boom showed some signs of cooling in June as prices fell in monthly terms for the first time since January ahead of the scaling back of a tax break for buyers, mortgage lender Halifax said on Wednesday. 
7 July 2021, 18:00 PM

Didi shares slump 25pc on China crackdown

Didi Global Inc shares slumped as much as 25 per cent in US pre-market trade on Tuesday, ahead of its first session since Chinese regulators ordered the company's app be taken down days after its $4.4 billion listing on the New York Stock Exchange. 
5 July 2021, 18:00 PM

Global corporate tax overhaul faces rocky road to completion

A long road strewn with potential political pitfalls lies ahead for countries seeking to end a race to the bottom on international corporate tax, even though 130 of them have agreed to overhaul the way multinationals are taxed. 
5 July 2021, 18:00 PM

Britain’s Morrisons agrees $8.7b takeover by Fortress-led group

Morrisons has agreed to a takeover led by SoftBank owned Fortress Investment Group that values Britain's fourth-largest supermarket chain at 6.3 billion pounds ($8.7 billion) and tops a rival offer from a US private equity firm. 
4 July 2021, 18:00 PM

European vacation: car rentals complicated and expensive

After long months of lockdowns and curfews Europeans are looking forward to jetting off for a bit of sun and sand -- only to find that their dream vacation risks turning into a nightmare as no rental cars are available.
4 July 2021, 18:00 PM

EU to propose aviation fuel tax in green policy push

The European Commission has drafted plans to set an EU-wide minimum tax rate for polluting aviation fuels, as it seeks to meet more ambitious targets to fight climate change, a document seen by Reuters shows. 
4 July 2021, 18:00 PM

Investors eye high-dividend stocks as Treasury yields languish

Expectations that Treasury yields may stay tame in the second half of the year are pushing some investors to take a second look at companies whose dividend payouts beat those offered on US government bonds.
4 July 2021, 18:00 PM

Impact of nuclear energy needs more study before getting green label: EU

The European Union should do more research on the potential harm caused by nuclear power before deciding whether to label it as a sustainable investment, one of the two expert committees tasked with assessing the fuel's green credentials said on Friday. 
3 July 2021, 18:00 PM

White House worried about high oil prices, sees enough production capacity

The White House said on Friday it is concerned about the impact of rising oil prices on US consumers but believes producers have ample ability to pump enough crude. 
3 July 2021, 18:00 PM

New recycling techniques set to make electric vehicles greener

Researchers in Britain and the United States have found ways to recycle electric vehicle batteries that can drastically cut costs and carbon emissions, shoring up sustainable supplies for an expected surge in demand. 
1 July 2021, 18:00 PM

Ray-Ban maker considers suing GrandVision over $8.6b deal

Ray-Ban maker EssilorLuxottica is considering suing its takeover target GrandVision after a court ruled that the Dutch eyewear retailer had violated the terms of their 7.2 billion euro ($8.6 billion) proposed acquisition agreement, a source with knowledge of the matter told Reuters.
27 June 2021, 18:00 PM

Fed official says possible conditions for rate increase could be met next year

Rosengren said he expects the US economy to grow by about 7 per cent this year, and for inflation to be slightly above 2 per cent next year.
27 June 2021, 18:00 PM

Reliance to boost profit

India's Reliance Industries Ltd expects to increase operating profit and naphtha exports as it switches to cheaper ethane at its petrochemical projects, a company executive said on Wednesday.
23 August 2017, 18:00 PM

Singapore firm inks deal to run Cambodia's first oil field

Cambodia on Wednesday signed a deal with a Singaporean energy company to develop its first-ever oilfield, the latest move in the impoverished country's much-delayed plan to become an oil-producing nation.
23 August 2017, 18:00 PM

True price of an Uber ride in question as investors assess firm's value

What is the true cost of an Uber ride? That simple question is often lost among the many controversies facing the ride-services company as it tries to hire a new chief executive and resolve a bitter dispute with the old one, Travis Kalanick.
23 August 2017, 18:00 PM