Markets

Chinese gaming and social media giant Tencent Holdings Ltd reported an 89per cent rise in quarterly profit on Thursday, with its blockbuster game Honour of Kings and solid advertising businesses helping it to beat forecasts and lifting its shares. The world's largest gaming firm by revenue has ...

Chinese internet giant Tencent said Thursday its revenue climbed 29 percent in the third quarter of this year, spurred by gaming and advertising as coronavirus lockdowns keep users indoors and online.

TAIPEI: Apple supplier Foxconn forecast strong demand for the new iPhone 12 in the holiday quarter and stressed that it would continue investing in the United States as scheduled and is looking at making new products there. Foxconn's planned US$10 billion investment in the U.S. state of ...

Chinese gaming and social media giant Tencent Holdings Ltd reported on Thursday a forecast-beating 89per cent rise in quarterly profit, boosted by video games and advertising businesses. The world's largest gaming firm by revenue booked a 38.5billion yuan (US$5.8 billion) profit for the three ...

A group of 165 companies and industry bodies have called on EU antitrust enforcers to take a tougher line against Google, saying the U.S. tech giant unfairly favours its own services on its web searches.

BEIJING: Plane-making giant Boeing said Thursday (Nov 12) it expects China to buy more than 8,600 new aeroplanes worth US$1.4 trillion in the next two decades, increasing its forecast as the country recovers from the COVID-19 outbreak. The world aviation industry has been shattered by the ...

Fiat Chrysler and Engie EPS, a part of French utility Engie that focuses on energy storage systems and microgrids, plan to set up a joint venture to boost electric mobility, the two companies said on Thursday.

British engineering company Rolls-Royce said shareholders signed up for 94per cent of new shares it issued as part of a 2 billion pound (US$2.64 billion) rights issue aimed at bolstering its pandemic-hit finances.

Nissan Motor Co Ltd revised its full-year forecast to an operating loss of 340 billion yen (US$3.23 billion) from a previous prediction for a record 470 billion yen loss.

LONDON: Britain's economy, which has struggled to maintain its recovery from its coronavirus lockdown crash, grew by a slower than expected 1.1 per cent in September from August, even before the latest restrictions on businesses, official data showed. Economists polled by Reuters had expected a ...