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Tencent shares lose $17bn a day before earnings

Bloomberg Tencent Holdings Ltd. is back below HK$400 as investors await its quarterly earnings. The shares slumped 3.4 percent on Tuesday for the biggest drag on the Hang Seng Index, taking its losses since a record in January to $95 billion. Whether it’s just a case of profit taking after a five-day rally, whispers about quarterly numbers, or just index ...

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Elliott gets an ally in opposing Hyundai overhaul plan

Bloomberg An influential proxy adviser joined Elliott Management Corp. in opposing an $8.8 billion deal between two Hyundai Motor Group units, complicating the automotive giant’s ability to get shareholders to vote for an overhaul that may help the chairman pass control of the South Korean conglomerate to his son. Glass Lewis & Co., which provides voting advice for more than ...

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US business groups bash Trump tariffs as China talks intensify

Bloomberg US companies and business groups are lining up to oppose the Trump administration’s plan to slap tariffs on Chinese imports, as the two nations step up efforts to resolve their trade dispute. About 120 firms and industry groups are scheduled to testify at a hearing on the administration’s plan to impose tariffs on $50 billion in Chinese goods. So ...

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