Column: Spend or hoard? Fate of forced savings could define pandemic recovery – Mike Dolan

Column: Spend or hoard? Fate of forced savings could define pandemic recovery – Mike Dolan
(The author is editor-at-large for finance and markets at Reuters News. Any views expressed here are his own) FILE PHOTO: George Washington is seen with printed medical mask on the one Dollar banknotes in this illustration taken, March 31, 2020. REUTERS/Dado Ruvic/Illustration/File Photo By Mike Dolan LONDON (Reuters) – Many households have built up a stash of savings during the... Read More

Tencent raises $6 billion in largest Asian corporate debt deal this year

Tencent raises $6 billion in largest Asian corporate debt deal this year
FILE PHOTO: A Tencent sign is seen during the China Digital Entertainment Expo and Conference (ChinaJoy) in Shanghai, China August 3, 2018. REUTERS/Aly Song HONG KONG (Reuters) – Tencent Holdings Ltd has raised $6 billion in debt, the Chinese technology company said on Thursday, in the largest debt deal by an Asian corporate in 2020. The deal was finalised early... Read More

Macau gambling king Stanley Ho’s family confirms his death at age 98

Macau gambling king Stanley Ho’s family confirms his death at age 98
FILE PHOTO: Macau tycoon Stanley Ho attends the ground-breaking ceremony of “City of Dreams”, a Melco-PBL Entertainment joint venture project in Macau April 10, 2006. REUTERS/Bobby Yip /File Photo HONG KONG (Reuters) – Macau gambling king Stanley Ho, who built a business empire from scratch in the former Portuguese colony and became one of Asia’s richest men, died peacefully at... Read More

French billionaires raise stakes in defence of publisher Lagardere

French billionaires raise stakes in defence of publisher Lagardere
PARIS (Reuters) – France’s business elite closed ranks around publishing group Lagardere (LAGA.PA) on Monday with LVMH’s Bernard Arnault and Vivendi’s (VIV.PA) Vincent Bollore swooping in to bolster its defences against London-based hedge fund Amber Capital. FILE PHOTO: Bernard Arnault, Chief Executive Officer of LVMH Moet Hennessy Louis Vuitton SE, attends the company’s shareholders meeting in Paris, France, April 18,... Read More

Nvidia forecasts sales above estimates, powered by data center results

Nvidia forecasts sales above estimates, powered by data center results
FILE PHOTO: The nVIDIA booth is shown at the E3 2017 Electronic Entertainment Expo in Los Angeles, California, U.S. June 13, 2017. REUTERS/ Mike Blake (Reuters) – Nvidia Corp (NVDA.O) on Thursday forecast second-quarter revenue above analysts’ estimates, as demand surges for its chips used in the data centers that power the shift to working remotely because of the new... Read More

Nvidia forecasts second-quarter revenue above estimates

Nvidia forecasts second-quarter revenue above estimates
FILE PHOTO: The nVIDIA booth is shown at the E3 2017 Electronic Entertainment Expo in Los Angeles, California, U.S. June 13, 2017. REUTERS/ Mike Blake (Reuters) – Nvidia Corp (NVDA.O) on Thursday forecast second-quarter revenue above analysts’ estimates, as demand surges for its chips used in data centers that power the shift to working remotely due to the coronavirus outbreak.... Read More

MGM, Caesars and Boyd will participate in employee COVID-19 testing plan

MGM, Caesars and Boyd will participate in employee COVID-19 testing plan
FILE PHOTO: The closed Caesars Palace Las Vegas Hotel & Casino sign is seen illuminated as the spread of coronavirus disease (COVID-19) continues, on the Las Vegas strip in Las Vegas, Nevada U.S., April 10, 2020. REUTERS/Shannon Stapleton (Reuters) – The Las Vegas gaming industry will offer COVID-19 tests to employees before they return to work, the Culinary Union announced... Read More