Microsoft offers strong forecast, lifting shares
By Nivedita Balu and Jane Lanhee Lee (Reuters) -Microsoft Corp on Tuesday forecast revenue for the current quarter broadly ahead of Wall Street targets, driven in part by its Intelligent…
Activision Blizzard says could not reach deal with union at Raven studio
SAN FRANCISCO (Reuters) – Activision Blizzard (NASDAQ:ATVI) said on Tuesday that it was unable to reach agreement with the Communications Workers of America as the union seeks recognition of a…
Analysis-A metaverse with Chinese characteristics is a clean and compliant metaverse
By Eduardo Baptista BEIJING (Reuters) – How will China’s metaverse evolve? Look to the letter “c”. Clean, censored, compliant and crypto-less is the view from experts. The descriptions point to…
Samsung Elec says chip manufacturing facilities in Xian, China back to normal
SEOUL (Reuters) – Samsung Electronics (OTC:SSNLF) Co Ltd said on Wednesday that its semiconductor manufacturing facilities in Xian, China, have returned to normal operation. A surge of COVID-19 cases and…
Asian Stocks Up, Focus Squarely on Fed Policy Decision
By Gina Lee Investing.com – Asia Pacific stocks were mostly up on Wednesday morning steadying after U.S. counterparts ended another volatile session. However, investors are on edge ahead of the…
Debt-laden China Evergrande to hold investor call on Wednesday – sources
HONG KONG (Reuters) -China Evergrande Group will hold an investor call at 9 pm (1300 GMT) on Wednesday joined by its financial advisers, sources said, the first such call since…
U.S. House speaker Pelosi’s stock trades attract growing following online
By Noel Randewich (Reuters) – A year since a Reddit-driven retail trading frenzy rocked the markets and created the ‘meme stock https://www.reuters.com/business/why-did-sec-release-report-gamestop-2021-10-18’ phenomenon, leading U.S. lawmaker Nancy Pelosi’s investments have…
Tissue maker Essity’s Q4 profit lags expectations
STOCKHOLM (Reuters) – Hygiene products maker Essity on Wednesday reported a bigger drop than expected in quarterly profit and said it did not expect costs for raw material, energy and…
Chocolate market recovering says Barry Callebaut after sales volumes rise
ZURICH (Reuters) -Swiss chocolate maker Barry Callebaut confirmed its mid-term guidance on Wednesday after reporting an 8.9% rise in sales volumes in the three months to Nov. 30, helped by…
Nidec posts 4.5% dip in third quarter profit
TOKYO (Reuters) – A Japanese maker of electric motors, Nidec Corp, posted on Wednesday a third-quarter operating profit of 44.3 billion yen, down from a corresponding figure of 46.4 billion…