Bridgewater fends off Chinese ‘All Weather’ copycats

SHANGHAI/NEW YORK, Aug 8 (Reuters) – Billionaire hedge fund manager Ray Dalio’s huge popularity in China has not only attracted local investors to his funds, but also spawned local challengers using his strategy and brand.” All Weather” to try and beat him at his own game. Now, the Connecticut-based hedge fund giant he founded, Bridgewater … Read more

Berkshire Hathaway posts $43.8 billion loss as stock holdings tumble

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor during Berkshire Hathaway Inc’s annual shareholders meeting in Omaha, Nebraska, U.S., on 4 May 2019. REUTERS/Scott Morgan//File Photo Join now for FREE unlimited access to Reuters.com Register Aug 6 (Reuters) – Falling U.S. stock prices punished … Read more

Amazon’s connected device cart expands with $1.7 billion deal for Roomba maker

August 5 (Reuters) – Amazon.com Inc. (AMZN.O) will acquire iRobot Corp (IRBT.O)maker of the Roomba robotic vacuum cleaner in a cash deal worth around $1.7 billion in the world’s biggest online retailer’s latest attempt to expand its stable of devices smart home. Amazon will pay $61 per share, valuing iRobot at a 22% premium to … Read more

EXCLUSIVE Tencent seeks to increase stake in ‘Assassin’s Creed’ maker Ubisoft – sources

HONG KONG, Aug 4 (Reuters) – Tencent Holdings Ltd (0700.HK) plans to increase its stake in the French video game group Ubisoft Entertainment SA (UBIP.PA) as the Chinese gaming giant pivots to the global gaming market, four sources with direct knowledge of the matter told Reuters. China’s largest social media and gaming company, which acquired … Read more

Wall Street falls on rising US-China tensions, Caterpillar shares weigh

President Nancy Pelosi expected in Taipei later today Caterpillar drops after missing sales estimates Uber wins after reporting positive cash flow Indices down: Dow 0.92%, S&P 0.61%, Nasdaq 0.45% Aug 2 (Reuters) – Major Wall Street indexes fell on Tuesday on concerns over rising U.S.-China tensions ahead of U.S. House of Representatives Speaker Nancy Pelosi’s … Read more

US plans to crack down on memory chip makers in China

WASHINGTON, Aug 1 (Reuters) – The United States is considering limiting shipments of U.S. chipmaking equipment to memory chipmakers in China, including Yangtze Memory Technologies Co Ltd (YMTC), according to four people familiar with the matter. as part of a bid to stop China’s semiconductor industry from advancing and protecting American companies. If President Joe … Read more

HSBC hangs up on Ping An break call, lifts payment and profit target

HSBC will return to paying quarterly dividends from 2023 Aims to attract investors with a higher profitability target Splitting up Asian companies carries huge risks London shares rise 6% LONDON/SINGAPORE, August 1 (Reuters) – HSBC (HSBA.L) rejected a proposal from major shareholder Ping An Insurance Group Co of China (601318.SS) to split the lender, a … Read more

China’s Alibaba struggles to maintain New York listing despite audit dispute

The Alibaba Group logo is seen on the floor of the New York Stock Exchange in Manhattan, New York, U.S., August 3, 2021. REUTERS/Andrew Kelly/File Photo Join now for FREE unlimited access to Reuters.com Register August 1 (Reuters) – Alibaba Group Holding Ltd (9988.HK) said on Monday it would work to maintain its listing on … Read more

Parent of conspiracy website InfoWars files for bankruptcy

July 29 (Reuters) – The parent of far-right conspiracy website InfoWars filed for bankruptcy protection in the United States on Friday as the company and its founder Alex Jones face up to $150 million in damages -interest in a lawsuit for longstanding lies he perpetuated about Sandy Hook Elementary. school massacre. A bankruptcy filing by … Read more