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Five Chinese state-owned companies to delist from NYSE amid US tensions

Five Chinese state-owned companies to delist from NYSE amid US tensions

SHANGHAI/HONG KONG, Aug 12 (Reuters) – Five Chinese state-owned companies, including oil giant Sinopec (600028.SS) and China Life Insurance (601628.SS), said on Friday they would delist from the New York Stock Exchange , amid economic and diplomatic tensions with the United States. The companies, which also include Aluminum Corporation of China (Chalco) (601600.SS), PetroChina (601857.SS) …

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Cryptoverse: Blockchain bridges fall into troubled waters

Cryptoverse: Blockchain bridges fall into troubled waters

Representations of the cryptocurrencies Bitcoin, Ethereum and Dash dip in water in this illustration taken May 23, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register Aug 9 (Reuters) – Another day, another hack – and another blockchain bridge burned. When thieves stole around $190 million from US crypto firm Nomad last …

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Bridgewater fends off Chinese 'All Weather' copycats

Bridgewater fends off Chinese ‘All Weather’ copycats

SHANGHAI/NEW YORK, Aug 8 (Reuters) – Billionaire hedge fund manager Ray Dalio’s huge popularity in China has not only attracted local investors to his funds, but also spawned local challengers using his strategy and brand.” All Weather” to try and beat him at his own game. Now, the Connecticut-based hedge fund giant he founded, Bridgewater …

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EXCLUSIVE Tencent seeks to increase stake in 'Assassin's Creed' maker Ubisoft - sources

EXCLUSIVE Tencent seeks to increase stake in ‘Assassin’s Creed’ maker Ubisoft – sources

HONG KONG, Aug 4 (Reuters) – Tencent Holdings Ltd (0700.HK) plans to increase its stake in French video game group Ubisoft Entertainment SA (UBIP.PA) as the Chinese gaming giant pivots into the global market gambling, four sources with direct knowledge of the matter told Reuters. China’s largest social media and gaming company, which acquired a …

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Fed officials beat the inflation drum;  “Reasonable” 50 basis point rate hike next month

Fed officials beat the inflation drum; “Reasonable” 50 basis point rate hike next month

Aug 3 (Reuters) – Federal Reserve officials on Wednesday expressed renewed determination to contain high inflation, although it was noted that a half-percentage-point hike in the Fed’s benchmark interest rate U.S. central bank next month could be enough to make progress toward that goal. “I’m assuming that 50 (basis points) would be a reasonable thing …

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