Computer gaming enthusiasts play new games in Cologne, Germany, August 21, 2019.
LONDON (Reuters Breakingviews) - Concise insights on global finance.
ALL TO PLAY FOR. Video game developer CD Projekt has impressed gamers and critics alike with its bold storytelling. Now the $4.3 billion Polish company is keeping investors on tenterhooks as it attempts to turn around its flagship new title, “Cyberpunk 2077”, whose bug-riddled release knocked a third off its market value in December. Delayed results released here on Thursday demonstrated the company’s extraordinary profitability: it reported operating profit of 1.2 billion zlotys ($306 million) on revenue of 2.1 billion zlotys. But its ability to continue to monetise “Cyberpunk” is no clearer than before.
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Dollar, oil on track for weekly declines (Updates prices, adds comment)
NEW YORK, April 23 (Reuters) - Stocks rose on Friday as solid economic data reversed a Wall Street decline in the previous session, setting up a global stocks index for a fifth consecutive week of gains.
Oil prices rose more than 1% but were on track to end negative for the week, while the strong data lifted the euro and the dollar index fell as it lost some of its safe haven appeal.
Stocks rose sharply on Wall Street a day after reports of a Biden administration push to raise taxes on capital gains shoved indexes lower. The proposed increases had been public since the presidential campaign.