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Conflict in Ukraine and sanctions against Russia are expected to drive energy prices higher across Asia.

Hong Kong, China - Russia's invasion of Ukraine is plunging Europe into its worst crisis since World War II, and the economic ramifications are percol

BusinessWorld August 5, 2021 | 12:03 am Economic Information Daily cited Tencent’s Honor of Kings in an article in which it said minors were addicted to online games and called for more curbs on the industry. The outlet is affiliated with China’s biggest state-run news agency, Xinhua. The broadside re-ignited investor fears about state intervention after Beijing had already targeted the property, education and technology sectors to curb cost pressures and reassert the primacy of socialism after years of runaway market growth. “They don’t believe anything i...

REUTERS/Aly Song August 4, 2021 Bewildered investors in China’s tech sector scrambled once again from regulators on Tuesday, fearing that a state media story that likened internet gaming to opium signals a new front in the barrage of scrutiny that is being directed toward big business. The article was later altered to remove the historically loaded opium reference, but, together with the opening of a probe into automotive chip distributors, it roiled markets still smarting from a panic sell-down a week ago. Tencent, the social-media-to-gaming behemoth, fell 6% and was briefly knocked from...

August 04, 2021 published at 1:48 AMReuters Visitors are seen at the Tencent Games booth during the China Digital Entertainment Expo and Conference, also known as ChinaJoy, in Shanghai, China, on July 30, 2021. Reuters SHANGHAI - China's Tencent Holdings Ltd said on Tuesday (Aug 3) it would further curb minors' access to its flagship video game, hours after its shares were battered by a state media article that described online games as "spiritual opium". Economic Information Daily cited Tencent's "Honor of Kings" in an article in which it said minors were addicted to online games and called ...