Tuesday, October 4

Tag: INVBIS

PlayStation eyes new investment for PC, mobile push

PlayStation eyes new investment for PC, mobile push

News
TOKYO, Oct 4 (Reuters) - Sony Group Corp's (6758.T) gaming business is looking at fresh investment to bolster its push into PC and mobile, a senior executive said, as the PlayStation 5 maker competes for talent with deep-pocketed rivals and as industry dealmaking heats up."Further investments in areas that will strengthen the expansion on to PC, on to mobile and into live services, that's definitely a possibility for us," Hermen Hulst, head of PlayStation Studios, told Reuters in an interview without providing further detail.Sony, whose studios are known for single player console games such as "Spider-Man" and "God of War", has outlined ambitious plans to release titles on PC and mobile and offer live service games, which provide continuous updated play.Register now for FREE unlimited a...
Credit Suisse property fund postpones planned capital hike

Credit Suisse property fund postpones planned capital hike

News
ZURICH, Oct 3 (Reuters) - The management of Credit Suisse Real Estate Fund Green Property (GREEN.S) has postponed a capital increase announced for the fourth quarter, citing high volatility for property funds and a market environment which has deteriorated significantly.The Swiss bank (CSGN.S) said on Monday a successful issue in the fourth quarter could not be guaranteed."The fund management will closely monitor the development of the market and will decide in due course on a possible implementation of the capital increase for Credit Suisse Real Estate Fund Green Property," it added.Register now for FREE unlimited access to Reuters.comRegisterReporting by Michael Shields Editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles. Source link
Tencent shifts focus to majority deals, overseas gaming assets for growth-sources

Tencent shifts focus to majority deals, overseas gaming assets for growth-sources

News
HONG KONG, Oct 1 (Reuters) - Tencent is resetting its M&A strategy to put more focus on buying majority stakes mainly in overseas gaming companies, as the tech giant eyes global expansion to offset slowing growth at home in China, people with direct knowledge of the matter said.Tencent Holding Ltd (0700.HK) has for years invested in hundreds of up-and-coming businesses, mainly in the onshore market. It has typically acquired minority stakes and stayed invested as a passive financial investor.However, it is now aggressively seeking to own majority or even controlling stakes in overseas targets, notably in gaming assets in Europe, the four people with direct knowledge of the matter told Reuters.Register now for FREE unlimited access to Reuters.comRegisterThe shift comes as the world's...
Former Infinity Q exec settles charges related to alleged fraud

Former Infinity Q exec settles charges related to alleged fraud

News
NEW YORK, Sept 30 (Reuters) - The former chief risk officer of defunct investment adviser Infinity Q Capital Management LLC agree to settle charges of misconduct related to a fraudulent scheme to inflate the value of assets the firm advised by more than $1 billion, securities regulators said on Friday.Scott Lindell failed to exercise reasonable care and to undertake an appropriate investigation concerning multiple red flags that indicated the value of Infinity Q funds' positions were inappropriate, the U.S. Securities and Exchange Commission said in charges filed in Manhattan federal court.Lindell agreed to settle the charges, with determination of disgorgement, prejudgment interest, and civil money penalties to be decided by the court at a later date, the regulator said.Register now fo...
Explainer: How a massive options trade by a JP Morgan fund can move markets

Explainer: How a massive options trade by a JP Morgan fund can move markets

News
NEW YORK, Sept 29 (Reuters) - A nearly $16 billion JP Morgan fund is expected to reset its options positions on Friday, potentially adding to equity volatility at the end of a gloomy quarter for stocks.Analysts have in the past pointed to the JPMorgan Hedged Equity Fund’s quarterly reset roiling markets, and see it as a source of potential volatility during Friday's session. read more WHAT IS THE JP MORGAN HEDGED EQUITY FUND?The JPMorgan Hedged Equity Fund holds a basket of S&P 500 (.SPX) stocks along with options on the benchmark index and resets hedges once a quarter. The fund, which had about $15.59 billion in assets as of September 28, aims to let investors benefit from equity market gains while limiting their exposure to declines.Register now for FREE unlimited access to Reute...
HSBC kicks off informal investor talks for Indonesian business IPO – sources

HSBC kicks off informal investor talks for Indonesian business IPO – sources

News
HONG KONG, Sept 30 (Reuters) - HSBC Holdings Plc has started briefing investors on a potential initial public offering (IPO) of its Indonesian business, said two sources with direct knowledge of the matter.Executives at HSBC Indonesia have met with a group of fund managers in Singapore since last week to discuss details of the potential IPO, ahead of an official roadshow, the sources said. The timeline of the roadshow is not yet known.The size of the deal has yet to be determined, and will be dependent on market conditions, said the sources, who declined to be named as the information related to the planned IPO was not yet made public.Register now for FREE unlimited access to Reuters.comRegisterHSBC declined to comment on the deal.In 2009, HSBC acquired Bank Ekonomi Raharja, an Indonesi...
Exclusive: Brands blast Twitter for ads next to child pornography accounts

Exclusive: Brands blast Twitter for ads next to child pornography accounts

Social News
Sept 28 (Reuters) - Some major advertisers including Dyson, Mazda and chemicals company Ecolab have suspended their marketing campaigns or removed their ads from parts of Twitter because their promotions appeared alongside tweets soliciting child pornography, the companies told Reuters.Brands ranging from Walt Disney Co (DIS.N), NBCUniversal (CMCSA.O) and Coca-Cola Co (KO.N) to a children's hospital were among some 30 advertisers that have appeared on the profile pages of Twitter accounts that peddle links to the exploitative material, according to a Reuters review of accounts identified in new research about child sex abuse online from cybersecurity group Ghost Data.Some of tweets include key words related to "rape" and "teens," and appeared alongside promoted tweets from corporate adv...
Druckenmiller sees US falling into recession next year

Druckenmiller sees US falling into recession next year

News
Sept 28 (Reuters) - Billionaire investor Stanley Druckenmiller said he believes the Federal Reserve’s monetary policy tightening may push the U.S. into a bigger-than-expected recession next year.Speaking at CNBC’s Delivering Alpha Conference in New York, the founder of the Duquesne family office said he “would be stunned” if the U.S. does not have a recession in 2023 as a result of Fed tightening.“Our central case is a hard landing by the end of ‘23,” Druckenmiller said. "I will not be surprised if is larger than the so-called average 'garden variety'" recession.Register now for FREE unlimited access to Reuters.comRegisterThe Fed has raised interest rates by 300 basis points this year as it fights the worst inflation in decades and policymakers have signaled more jumbo rate hikes ahead,...
Buying Uniper was ‘a mistake’, Finnish finance minister says

Buying Uniper was ‘a mistake’, Finnish finance minister says

News
HELSINKI, Sept 28 (Reuters) - Buying Germany's top gas importer Uniper (UN01.DE) was "a mistake", Finland's finance minister Annika Saarikko told Reuters, after its nationalisation left both countries with huge losses.Germany agreed to step in to nationalise Uniper, its largest importer of Russian gas, amid a deepening energy crisis that had brought Uniper to its knees. Part of that deal was to buy out Fortum (FORTUM.HE), majority-owned by Finland's government.Fortum had invested some 7 billion euros ($6.72 billion) in the German company and said it made a loss of nearly 6 billion euros from the exit, one of the biggest business failures in Finnish history.Register now for FREE unlimited access to Reuters.comRegister"Uniper's business and the fossil energy, it wasn't a good idea for For...