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Gaming giant Tencent's 2022 annual net profit falls 16%
Gaming giant Tencent's 2022 annual net profit falls 16%
by  AFP

Chinese gaming giant Tencent's profits fell steeply last year, according to an earnings report released Wednesday, as the country's tech sector weathers a government crackdown and a shaky economy. Annual net profit in 2022 fell 16 percent year-on-year for the group, which owns the popular Chinese messaging app WeChat.

US Fed mulls more rate hikes after banking turmoil
US Fed mulls more rate hikes after banking turmoil
by  AFP

US banks will be paying especially close attention to the Federal Reserve's interest-rate decision on Wednesday after two weeks of market turmoil over the collapse of three regional lenders. The Fed will also update its GDP growth and interest-rate projections on Wednesday.

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