Tencent Shares on the Block as Prosus Looks to Fund Buyback 

Tencent's largest shareholder will start paring its stake in the Chinese internet company to fund an open-ended, long-term share-repurchase program.

Russian Gas Cuts Threaten World's Largest Chemicals Hub 

Dwindling Russian gas supplies are proving a threat to chemicals companies and their disruption would reverberate well beyond the sector, threatening Europe's economy at a time of high inflation and slowing growth.

Tencent Stock Falls After Top Shareholder Stake Sale 

Amsterdam-listed Prosus owns a roughly 29% stake in Tencent.

Studios Battle for Players of 'Hypercasual' Videogames, the Latest Mobile Distraction 

Mobile games that require little brainpower to play are becoming more sophisticated as their publishers try to cling on to fickle-and monetizable-players.

3M Faces Potentially Billions in Liabilities Over $7.63 Earplugs 

The company will begin court-ordered settlement negotiations over military earplugs next month, following lawsuits filed by thousands of veterans.

Tesla, Ford and GM Raise EV Prices as Costs, Demand Grow 

Auto makers are marking up electric vehicles to offset rising battery-material costs and capitalize on the interest caused by higher gas prices.

NIO's Shares Hit New Highs as Outlook Brightens 

NIO Inc.'s shares in Hong Kong and Singapore climbed to fresh highs as the global outlook for electric-vehicle demand brightens.

Cruise Lines Can't Duck Their Debt 

Carnival, Royal Caribbean and Norwegian Cruise Line are all eyeing a near-term return to profitability this year, but some analysts think they could be sailing into a recession with boatloads of debt.

Amazon's Prime Day Isn't Quite the Blockbuster It Once Was 

Sales growth for the online shopping extravaganza has slowed and consumers aren't purchasing orders as large as they once did.

Citigroup Tried and Failed to Rally Banks to Pressure Gun Sellers 

After the Parkland shooting in 2018, big banks didn't see eye-to-eye on gun policies. Little has changed since.


(END) Dow Jones Newswires

June 27, 2022 07:15 ET (11:15 GMT)

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