- China's Tencent reports first revenue drop as gaming regulations and COVID-19 bite, article with videoMarkets ·
August 17, 2022
Tencent said it had shut some unprofitable businesses and promised a return to growth even if the economy stayed weak, after government clampdowns on its gaming business and COVID-19 lockdowns drove its first-ever quarterly sales fall.
- MarketsPrima Industrie to go private after Femto takes majority stake
Italy's Prima Industrie said on Thursday that Femto Technologies had agreed to buy a majority stake and eventually delist the laser systems producer in a deal worth around 129 million euros ($131.21 million).
- FinanceHSBC appoints new head of Middle East global banking
HSBC has appointed Julian Wentzel as head of global banking for its Middle East, North Africa and Turkey (MENAT) business, according to an internal memo seen by Reuters on Wednesday.