CNOOC, China's leading offshore oil and gas producer, plans to sell shares for a Shanghai listing next month. Read more.
Tags : european stocks
Nintendo shares slumped 6% in Tokyo trading after the Kyoto-based game company announced it will delay the release of the highly anticipated sequel to "Legend of Zelda: Breath of the Wild" from its planned debut this year to spring 2023. The drop in share price came after Nintendo's stock had gained 25% year-to-date by the close of trading Tuesday. The move eased concerns that the successful Switch console may have peaked after a hardware refresh in October and the release of a critically acclaimed Pokemon title in January. Read more.
Apple is cutting production of its new low-cost iPhone SE due to weaker-than-expected demand, Nikkei Asia reported Monday. Read more.
Spotify is pulling out of Russia, citing a new law that threatens jail time for spreading "fake news" about the country's armed forces. Read more.
German enterprise software giant SAP said Thursday that it will cease its cloud operations in Russia, further withdrawing from the country after already halting sales in Russia earlier this month. Read more.
Revenue at Chinese social media and gaming giant Tencent rose just 8% in the fourth quarter. This is the slowest growth since its IPO in 2004 and reflects regulatory requirements that have affected both its gaming business and advertising sales. Read more.
Cash-strapped Chinese construction company Kaisa Group said that due to a lockdown in Shenzhen, audit work could not be completed and the company will not be able to release its financial results by March 31. Read more.
Shares of Nike rose more than 5% in extended trading Monday after the sneaker retailer's third-quarter results beat analysts' estimates on robust demand in North America. Read more.
The software company, headquartered in Germany SAP, will repay the South African Water and Sewerage Authority at least 263 million rand ($17.5 million) for licensing and support contracts that were declared invalid, a court order shows. Read more.
Volkswagen said Tuesday that several of its battery-electric models, including the Porsche Taycan, are already sold out for 2022 and that high consumer demand is helping its electric car efforts become as profitable as its internal combustion engines sooner than expected. Read more.
Netflix stock has now given back all of its gains from the pandemic. On Monday, shares of the streaming service fell more than 2% to around $332, a 52-week low. Read more.
Pfizer plans to submit data for a fourth Covid vaccine to the Food and Drug Administration soon. The company is working on a vaccine that protects against all variants of the coronavirus, CEO Albert Bourla told CNBC on Friday. Read more.
