Tencent buys ‘Clash of Clans’ maker Supercell from SoftBank
BEIJING/TOKYO/HELSINKI (Reuters) – China’s biggest gaming group Tencent Holdings Ltd is to buy a majority stake in Finland’s Supercell, which makes the ‘Clash of the Clans’ mobile game, from SoftBank Group Corp , in a deal valued at roughly $8.6 billi…
Lawyers for Volkswagen shareholders file claim in Germany
LONDON (Reuters) – Law firm Quinn Emanuel has filed one of two lawsuits in Germany against Volkswagen for institutional funds in claims that could run into billions of euros over the carmaker’s emissions test cheating scandal, litigation funder Bentham…
Yellen makes ‘uncertainty’ new mantra as market doubts Fed view
WASHINGTON/SAN FRANCISCO (Reuters) – The U.S. Federal Reserve’s dwindling confidence in its own outlook and resulting confusion among investors are creating a policy problem that may require chief Janet Yellen to lay out her own views more forcefully.
UK-dependent U.S. companies downplay ‘Brexit’ worries
(Reuters) – U.S. companies which depend on the United Kingdom for sales are downplaying the risk that a vote by Britain to leave the European Union could seriously harm their businesses, even as economists and Wall Street have expressed concerns about …
RBS planning to cut 900 jobs to reduce costs: sources
LONDON (Reuters) – Royal Bank of Scotland is planning to cut about 900 jobs in Britain, sources familiar with the process said, taking the total number of layoffs in the last four months to around 5 percent of the bank’s British workforce.
Jaguar Land Rover copycat lawsuit proceeds despite patent cancellation
BEIJING (Reuters) – China’s cancellation of Jaguar Land Rover’s patent on the Range Rover Evoque will not stop it from going after an alleged Chinese copycat in a separate unfair competition and copyright proceeding, a Jaguar Land Rover (JLR) spokesman…
Chinese firm denies agreement with Tesla to build factory
BEIJING (Reuters) – A Shanghai company denied a report that its controlling shareholder signed a non-binding agreement with Tesla Motors Inc to build a factory in Shanghai, according to the firm’s exchange filings.
China will allow foreign firms to issue shares on mainland: central bank
BEIJING (Reuters) – China will continue to push forward with the two-way opening of domestic capital markets, the central bank said in its 2015 annual report.
GE seeks to sell remaining Hyundai Capital stake: Hyundai Motor
SEOUL (Reuters) – South Korean car maker Hyundai Motor Co said on Tuesday General Electric seeks to sell out of its 20 percent stake in their joint venture, unlisted lender Hyundai Capital, to a third party.
Sterling rises but stocks dip as Brexit keeps nerves taut
LONDON (Reuters) – Sterling hit a seven-week high against the dollar on Tuesday on expectations Britons will vote to stay in the European Union but stocks failed to build on the previous day’s gains as this week’s referendum kept many investors cautiou…
