NetEase plunges after Blizzard announces suspension of gaming services in China Hong Kong listed shares of NetEase plunged 13% after Blizzard Entertainment, a subunit of ActivisionBlizzardsaid it would suspend gaming services in China, citing the expiration of licensing agreements with NetEase. “We are extremely grateful for the passion our Chinese community has shown throughout the …
Yellen and PBOC Governor Yi Gang meet on sidelines of G-20 summit US Treasury Secretary Janet Yellen and People’s Bank of China Governor Yi Gang met on the sidelines of the G20 summit in Bali, Indonesia. Yellen in a tweet said the two men discussed “global macroeconomic and financial challenges, including the economic outlook” for …
Asia-Pacific markets are generally lower as the second day of the G-20 is underway Read More »
Earnings preview: Softbank to post net profit after posting earlier losses Softbank is expected to post a net profit in upcoming quarterly results. A median forecast predicts the Japanese conglomerate will post annualized net profit of 2.769 billion yen ($19.5 billion) for its second quarter ending September 30, according to a Refinitiv survey. The company …
Hong Kong stocks gain more than 5% as Asian markets rise after US inflation report Read More »
