Microsoft doubles down on gaming with $7.5 billion deal for Doom-owner ZeniMax

Xbox maker Microsoft Corp MSFT.O said on Monday it would acquire ZeniMax Media for $7.5 billion in cash, its biggest gaming acquisition ever as it seeks to strengthen its video game offerings in its rivalry with Sony Corp’s 6758.T PlayStation. ZeniMax, parent company of Bethesda Softworks, has developed hits including Fallout and Doom. It was […]

Continue Reading

Global banks seek to contain damage over $2 trillion of suspicious transfers

HONG KONG/LONDON – Global banks faced a fresh scandal about dirty money on Monday as they sought to limit the fallout from a cache of leaked documents showing they transferred more than $2 trillion in suspect funds over nearly two decades. Britain-based HSBC Holdings Plc HSBA.L, Standard Chartered Plc STAN.L and Barclays Plc BARC.L, Germany’s […]

Continue Reading

Oil falls 5% as economic outlook dims with rising virus cases

NEW YORK – Oil prices plunged about 5% on Monday, weakening as rising coronavirus cases stoked worries about global demand, and a potential return of Libyan production bolstered oversupply fears. Crude oil followed other equities and commodities markets in turning risk-averse on Monday as rising COVID-19 infection rates in Europe and other countries prompted renewed […]

Continue Reading