CNOOC, China's leading offshore oil and gas producer, plans to sell shares for a Shanghai listing next month. Read more.
Tags : us 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.
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.
ameStop shares fell about 8% in extended trading Thursday after the video game retailer reported an unexpected Christmas quarter loss and declined to provide a financial outlook. 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.
Amazon announced its first stock split since the dot-com boom, telling investors Wednesday that they will receive 20 shares for every share they currently own. Read more.
McDonald's announced Tuesday it will temporarily close 850 locations in Russia, citing "the unnecessary human suffering in Ukraine." Read more.
Amazon has continued to work with companies in China that have been accused of forced labor despite public warnings about their labor practices. Read more.
PayPal said Saturday it is suspending its services in Russia, joining the ranks of companies pulling out of the country in response to the invasion of Ukraine. Read more.
