HONG KONG, Dec 22 Reuters Chinese regulators announced on Friday a wide range of rules aimed at curbing spending and rewards that encourage video games, dealing a blow to the world39;s biggest games market, which returned to growth this year. The new rules, which will effectively set spending limits for online games, sparked panic among […]

Dec 21 Reuters Nike on Thursday trimmed its annual sales forecast blaming cautious consumer spending, a weaker online business and more promotions, and said it plans to cut supplies of key product lines to manage costs, sending its shares down 11. The company said it was seeking 2 billion in savings over the next three years […]

Dec 21 Reuters Canada on Thursday approved Royal Bank of Canada39;s C13.5 billion dollars 10.2 billion acquisition of HSBC39;s domestic unit, in a deal that would further tighten the country39;s top lenders39; grip on the market. The deal is conditional on RBC establishing a global banking hub in Vancouver, waiving fees associated with the transfer of mortgages […]

SHANGHAI, Dec 22 Reuters Chinese automaker Geely warned on Friday its EV sales are likely to be impacted by a delay in deliveries due to the situation in the Red Sea, where Yemeni militants are attacking vessels, forcing shippers to take longer, more expensive routes. Geely, China39;s second largest automaker by sales, told Reuters that most […]