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China state planner lays out further actions to boost economy but no new plans for major stimulus

The Chinese national flag flies outside the Ministry of Foreign Affairs in Beijing on July 26, 2023.  Greg Baker | Afp | Getty Images Zheng Shanjie, chairman of China’s National Development and Reform Commission, on Tuesday pledged a raft of actions to bolster the country’s economy during a highly-anticipated press conference. But he stopped short of announcing any new major …

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Ubisoft responds to rumors about Tencent’s potential buyout

Ubisoft is addressing rumors that Tencent is exploring a buyout of the French game publisher — though it isn’t saying much right now. In a statement on Monday, Ubisoft said it “regularly reviews all its strategic options in the interest of its stakeholders and will inform the market if and when appropriate.” One of the options Ubisoft is considering is …

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Samsung issues lengthy apology after results — read the statement

The leading memory chip manufacturer projected that its operating profit for the quarter ending in September will be approximately 9.10 trillion won, missing LSEG expectations. Analysts polled by LSEG expected an operating profit of 11.456 trillion Korean won ($7.7 billion) for the quarter ended Sept. 30.  Samsung noted that the performance of its memory division declined due to “one-time costs …

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