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Chinas Tencent Posts Strong Revenue Growth as Ad Sales, Business Services Shine

HONG KONG, May 14 Reuters China39;s Tencent Holdings posted a 6 rise in firstquarter revenue on Tuesday, beating analyst expectations, as business services and advertising sales deliver strong revenue growth. The world39;s largest video game company and operator of the WeChat messaging platform said revenue reached 159.5 billion yuan 22.04 billion for the three months ended […]
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Oil Steady as Investors Await US Inflation Data, OPEC Report

LONDON, May 14 Reuters Oil prices were little changed on Tuesday as investors waited on data this week, including U.S. inflation indicators and a monthly report from the Organization of the Petroleum Exporting Countries. Brent crude futures fell 18 cents to 83.18 a barrel at 0808 GMT, while U.S. West Texas Intermediate WTI crude futures […]
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German Final Inflation Confirmed at 2.4 in April

BERLIN, May 14 Reuters German inflation inched up in April to 2.4, the federal statistics office said on Tuesday, confirming preliminary data. German consumer prices, harmonised to compare with other European Union countries, had risen by 2.3 yearonyear in March, the lowest rate in almost three years. Energy and food prices, in particular, have had a dampening […]
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Euro Keeps Dollar Gorilla from Scuppering ECB Rate Outlook

Eurodollar down 2.4 this year, off 5month lows Euro weakness limited as economic divergence with US ebbs Parity still a possibility further out, analysts say LONDONMILAN, May 14 Reuters The euro has resisted falling to parity with the dollar for now, thanks to a rosier economic backdrop, to the relief of European Central Bank policymakers […]
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