Tag Archives: Stock Market

Tencent has a major gaming problem

The crackdown on online gaming in China is hurting Tencent. The Chinese tech conglomerate said that its net income for the three months that ended in June was 17.9 billion yuan ($2.6 billion), a decline of 2% compared to the same period last year. Revenue increased to 73.7 billion yuan ($10.7 billion). Revenue fell well short of what experts thought.

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fresh economic data in focus

As concerns surrounding the future of Turkey’s economy and the U.S.’ trade ties with major economies continue to rattle investors, Wednesday will mark the day when a slew of economic data is due. At 7 a.m. ET, the routine weekly mortgage applications are due, followed by retail sales, the Empire State Manufacturing survey, and productivity & costs, which are all

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Dollar hovers near 13-month peak on concerns over Turkey

The dollar held firm near a 13-month high against a basket of major currencies on Wednesday after safe-haven demand on fears over fallout from the Turkish lira’s recent drop boosted the U.S. currency. The greenback’s strength was bolstered by the euro’s fall, which has been dogged by concerns over the exposure of European banks to financial turmoil in… Source link

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