SoftBank shares tumble after Vision Fund reports another big loss

SoftBank shares tumble after Vision Fund reports another big loss

TOKYO, Nov 14 (Reuters) – Shares in Japan’s SoftBank Group Corp (9984.T) plunged on Monday after the company reported a heavy loss at its Vision Fund investment arm for a third consecutive quarter. The shares sank 13% in early afternoon trade – heading for their biggest one-day loss in more than two and a half … Read more

Japan’s SoftBank books first-half net loss on sliding tech valuations

Japan’s SoftBank books first-half net loss on sliding tech valuations

TOKYO, Nov 11 (Reuters) – SoftBank Group Corp (9984.T) on Friday booked a first-half net loss, hurt by a slide in its tech portfolio. The Japanese tech group booked a net loss of 129.1 billion yen ($912.69 million) in the six months to end-September, compared to a net profit of 363.57 billion yen a year … Read more

FTX’s Bankman-Fried scrambles for funds after Binance deal collapse

FTX’s Bankman-Fried scrambles for funds after Binance deal collapse

HONG KONG/SINGAPORE/NEW YORK, Nov 10 (Reuters) – FTX Chief Executive Sam Bankman-Fried on Thursday launched an urgent push to raise funds to save his firm as the crypto exchange looks to plug a reported $8 billion hole in its finances, according to tweets and a memo to employees. Bankman-Fried said he was in talks with … Read more

Arm sues Qualcomm, aiming to unwind Qualcomm’s $1.4 bln Nuvia purchase

Arm sues Qualcomm, aiming to unwind Qualcomm’s .4 bln Nuvia purchase

Qualcomm logo is during Munich Auto Show, IAA Mobility 2021 in Munich, Germany, September 8, 2021. REUTERS/Wolfgang Rattay Register now for FREE unlimited access to Reuters.com Register SAN FRANCISCO, Aug 31 (Reuters) – Chip technology firm Arm Ltd, which is owned by Softbank Group Corp (9984.T), on Wednesday said it had sued Qualcomm Inc (QCOM.O) … Read more

Indian billionaire Adani seeks to control NDTV; media group says move without consent

Indian billionaire Adani seeks to control NDTV; media group says move without consent

India’s richest man, Adani, seeks to expand media business NDTV says Adani unit moved without its consent Adani takeover may not be friendly -legal expert Deal to buy NDTV could heat up competition among billionaires BENGALURU, Aug 23 (Reuters) – Indian billionaire Gautam Adani’s conglomerate on Tuesday said it seeks to control a majority stake … Read more

SoftBank’s Alibaba sale could end breakup taboo

SoftBank’s Alibaba sale could end breakup taboo

Japan’s SoftBank Group Corp Chief Executive Masayoshi Son attends a news conference in Tokyo, Japan, November 5, 2018. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register LONDON, Aug 10 (Reuters Breakingviews) – Masayoshi Son is thinking the unthinkable at SoftBank Group (9984.T). His $63 billion technology and telecom empire will slash its … Read more

SoftBank to book $34 bln gain on Alibaba shares; reduce stake to 14.6%

SoftBank to book  bln gain on Alibaba shares; reduce stake to 14.6%

TOKYO, Aug 10 (Reuters) – SoftBank Group Corp (9984.T) on Wednesday said it will book an estimated gain of 4.6 trillion yen ($34.08 billion) on settling prepaid forward contracts using shares in Alibaba Group Holding (9988.HK), reducing its stake to 14.6% from 23.7%. The estimated gain includes a 2.4 trillion yen gain from the revaluation … Read more

Chilean authorities investigate mysterious large sinkhole near copper mine

Chilean authorities investigate mysterious large sinkhole near copper mine

SANTIAGO, Aug 1 (Reuters) – Chilean authorities started investigating on Monday a mysterious sinkhole about 25 meters (82 feet) in diameter that appeared over the weekend in a mining area in the north of the country. Chilean media showed aerial images of the sinkhole on land operated by a Canadian Lundin Mining (LUN.TO) copper mine, … Read more

Dollar reigns as investors fear recession pain

Dollar reigns as investors fear recession pain

Oil, Europe equity futures steady after steep drop Euro huddles at 20-yr low; sterling squeezed China stocks slip on fresh Shanghai virus outbreak TOKYO/SINGAPORE, July 6 (Reuters) – Asian stocks fell and the dollar stood by a two-decade high on the euro on Wednesday as investors’ fears deepened that the continent is leading the world … Read more

UK PM Johnson’s spokesman: Not aware of plans to force ARM into London IPO

UK PM Johnson’s spokesman: Not aware of plans to force ARM into London IPO

LONDON, June 22 (Reuters) – British Prime Minister Boris Johnson’s spokesman on Wednesday said he was not aware of any plans to try to compel chip designer ARMto list in London after the Financial Times reported that officials were considering such a move. Asked whether the government would use new national security powers to try … Read more