EMRG

HSBC considers windfall dividend from $10 billion sale of Canadian unit to RBC

Deal comes under pressure from Chinese shareholders Analysts hail ‘sense’ deal The bank could return the proceeds of the transaction to the shareholders LONDON/TORONTO/NEW YORK, Nov 29 (Reuters) – HSBC (HSBA.L) has agreed to sell its Canadian business to Royal Bank of Canada (RY.TO) for C$13.5 billion ($10 billion). dollars) in cash, thus paving the …

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Foxconn apologizes for payroll error at Chinese iPhone factory after workplace unrest

Foxconn says it is working with staff to resolve disputes Major iPhone factory rocked by protests over wages and conditions Apple says it has a team on the ground in Zhengzhou TAIPEI/SHANGHAI, Nov 24 (Reuters) – Foxconn (2317.TW) said on Thursday that a payroll-related “technical error” occurred when hiring new hires at a coronavirus-hit iPhone …

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Stocks turn ahead of Fed minutes as oil falls on price cap plan

Fed Minutes for November at 7:00 p.m. GMT American Thanksgiving holiday on Thursday Stocks Make Smart Gains Globally Eurozone economic data point to recession China hit by rising COVID-19 infections LONDON, Nov 23 (Reuters) – Global stocks rebounded on Wednesday ahead of minutes of a Federal Reserve meeting that could shed light on whether the …

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Sony to expand Chinese game incubator in Microsoft head-to-head

HONG KONG, Nov 23 (Reuters) – Sony Group Corp (6758.T) said it plans to expand a program to identify and incubate Chinese-made games, in a race with Microsoft Corp (MSFT.O) to tap China’s gaming market. The program will invest more than 1 million yuan ($140,080) in each game it enrolls, and will not only fund …

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Men wielding batons smash surveillance cameras at iPhone factory in China

SHANGHAI, Nov 23 (Reuters) – Men wielding batons smashed surveillance cameras and windows at a huge campus owned by Apple (AAPL.O) supplier Foxconn (2317.TW) in the Chinese city of Zhengzhou, scenes broadcast live on Kuaishou’s short video platform shown on Wednesday. Hundreds of workers demonstrated on campus, home to the world’s largest iPhone factory, where …

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Ronaldo to leave Manchester United after criticism of club

Nov 22 (Reuters) – Manchester United forward Cristiano Ronaldo will leave with immediate effect, the Premier League team said on Tuesday, marking a bitter end to the Portugal captain’s second spell at Old Trafford after he said he felt betrayed by the club. An explosive interview with TalkTV this month — in which Ronaldo also …

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TSMC plans advanced chip production in Arizona, says company founder

TAIPEI, Nov 21 (Reuters) – Taiwanese chipmaker TSMC plans to produce chips with advanced 3-nanometer technology at its new factory in the U.S. state of Arizona, but plans are not yet fully finalized , company founder Morris Chang said Monday. Taiwan Semiconductor Manufacturing Co Ltd (TSMC) (2330.TW), a major supplier to Apple Inc (AAPL.O) and …

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Google struck $360-mln Activision deal to block rival app store, lawsuit says

OAKLAND, Calif., Nov 17 (Reuters) – Alphabet Inc’s (GOOGL.O) Google has struck at least 24 deals with big app developers to stop them from competing with its Play Store, including an agreement to pay Activision Blizzard Inc (ATVI. O) about $360 million over three years, according to a court filing on Thursday. Google also agreed …

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Gamers mourn the end of Warcraft in China as Blizzard and NetEase go their separate ways

Nov 17 (Reuters) – Blizzard Entertainment (ATVI.O) and NetEase (9999.HK) shocked thousands of gamers on Thursday by saying hits such as ‘World of Warcraft’ will not be available in China from from next year as 14 – end of the one-year partnership. NetEase shares closed 9% lower in Hong Kong after Blizzard said it was …

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