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

US declares monkeypox outbreak a public health emergency

Aug 4 (Reuters) – The United States has declared monkeypox a public health emergency, the health secretary said on Thursday, a move that should free up additional funds and tools to fight the disease. The US tally topped 6,600 on Wednesday, nearly all cases among men who have sex with men. “We’re ready to take … Read more

South Africa reports first death causally linked to COVID vaccine

JOHANNESBURG, Aug 4 (Reuters) – South Africa’s health regulator on Thursday reported a causal link between the death of an individual and that of Johnson & Johnson (J&J) (JNJ.N) COVID-19 vaccine, the first time such a direct link has been established in the country. The person developed a rare neurological disorder, Guillain-Barré syndrome, shortly after … 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

Suspected drones over Taiwan, cyberattacks after Pelosi visit

Suspicious drones fly over Taiwan’s outlying islands Ministry of Defense says its website was attacked, briefly offline Chinese military exercises, involving live fire, about to begin China says it’s an internal matter TAIPEI, Aug 4 (Reuters) – Suspected drones have flown over Taiwan’s outer islands and hackers have attacked the Defense Ministry’s website, Taipei authorities … Read more

Ukrainian grain ship heads for safe waters, but the economy is still in the doldrums

Ukrainian grain vessel inspected in Turkey Ship, bound for Lebanon, transits through the Bosphorus The expedition is the first of its kind to leave wartime Ukraine But the Ukrainian leader says much more is needed Kyiv must urgently ship 10 million tons to reduce its deficit KYIV/ISTANBUL, Aug 3 (Reuters) – Ukrainian President Volodymr Zelenskiy … 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