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Senate cancels postal service hearing; Trump’s Amazon crusade delayed

Senate cancels postal service hearing; Trump’s Amazon crusade delayed

SAN FRANCISCO (Reuters) – A Senate hearing about reforming the U.S. Postal Service that could have scrutinized what Amazon.com Inc (AMZN.O) and others pay for package delivery has been delayed, three sources familiar with the matter told Reuters, moving back President Donald Trump’s effort to hike the world’s largest online retailer’s rates. Trump has repeatedly [...]

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Japan’s Renesas says considering buying U.S. chipmaker IDT

Japan’s Renesas says considering buying U.S. chipmaker IDT

TOKYO (Reuters) – Renesas Electronics Corp is considering buying U.S. chipmaker Integrated Device Technology Inc (IDT) as it pursues further growth, the Japanese automotive chipmaker said on Friday. The potential acquisition, first reported by the Nikkei business daily, comes as Renesas is beefing up its business in chips for self-driving cars. The Nikkei reported that [...]

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Tencent loses $20 billion in value after China attacks myopia with gaming curbs

Tencent loses $20 billion in value after China attacks myopia with gaming curbs

HONG KONG/BEIJING (Reuters) – Tencent Holdings’ (0700.HK) market value slumped by around $20 billion on Friday after China intensified a crackdown on online gaming citing rising levels of myopia, heightening regulatory risks for companies in the world’s biggest gaming market. China’s Ministry of Education, in a notice late on Thursday, directed the publishing regulator to [...]

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