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SoftBank stock falls after terrible earnings report

WorldNews Thursday, 7 November 2019
SoftBank stock falls after terrible earnings reportHong Kong (CNN Business)Shares in SoftBank fell as much as 4% in Tokyo on Thursday after the company reported worse than expected losses for the third quarter. Japan's broader Nikkei (N225) was mostly flat in morning trade. South Korea's Kospi Index (KOSPI) declined...
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News video: SoftBank Group CEO Regrets WeWork Bet That Did Not Pay Off

SoftBank Group CEO Regrets WeWork Bet That Did Not Pay Off 02:34

SoftBank Group, SoftBank Group, the largest tech investor globally, reported its first quarterly earnings loss in 14 years on Wednesday, after losing $4.7 billion on its WeWork investment.

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SoftBank Group SoftBank Group Japanese conglomerate company

SoftBank introduces new restaurant robot to Japan [Video]

SoftBank introduces new restaurant robot to Japan

SoftBank's robotics arm said on Monday it will bring a food service robot developed by California-based Bear Robotics to Japan as restaurants grapple with labour shortages and a new socially distanced norm as a result of the novel coronavirus. Ciara Lee reports

Credit: Reuters Studio    Duration: 01:00Published
SoftBank sells Arm to Nvidia in $40 bln deal [Video]

SoftBank sells Arm to Nvidia in $40 bln deal

SoftBank Group Corp said on Monday it has agreed to sell chip designer Arm to Nvidia Corp for as much as $40 billion in a deal set to reshape the semiconductor landscape. Libby Hogan reports.

Credit: Reuters Studio    Duration: 02:02Published
SoftBank Takes $10-Billion Hit [Video]

SoftBank Takes $10-Billion Hit

On Tuesday, SoftBank stock took a hit. SoftBank lost 7.7% over two days following reports that the conglomerate had been making huge and risky bets on tech stocks. The losses have wiped roughly $10 billion off the market value of SoftBank. SoftBank shored up its investment in Amazon, Microsoft, and Netflix. The Wall Street Journal said that the options generated an exposure of about $50 billion. The size of the bets means that SoftBank (SFTBF) CEO Masayoshi Son is now being called a "whale.

Credit: Wochit News    Duration: 00:42Published
SoftBank Dives Into Tech Stocks [Video]

SoftBank Dives Into Tech Stocks

Japan's SoftBank Group Corp. bought $4 billion of shares in tech companies and another $4 billion of call options. Business Insider says the purchase is tied to roughly $50 billion in tech stocks, Regulatory filings showed Softbank's tech-stock buying activity. The filings did not show the options purchase. According to the Wall Street Journal Softbank sold the call options at a higher price.

Credit: Wochit News    Duration: 00:27Published

CNN Business US financial information website

Trump Defended Hope Hicks' COVID Diagnosis Before His Own [Video]

Trump Defended Hope Hicks' COVID Diagnosis Before His Own

CNN Business reports that in a Thursday interview with Sean Hannity, President Trump defended Hope Hicks after her COVID diagnosis. The interview came three hours before Trump and his wife, Melania tested positive for the disease. In a Fox News chat, Trump told Hannity that he and FLOTUS worked closely with Hicks. He said, "She is a hard worker...a lot of masks, she wears masks a lot. But she tested positive." Trump suggested that avoiding close contact with others is hard. He explained, "...When you're with the Marines, and the police officers β€” I'm with them so much. And when they come over to you, it's very hard to say, 'Stay back, stay back.'" He added, "They want to hug you and kiss you because we really have done a good job for them. You get close, and things happen."

Credit: Wochit News    Duration: 00:36Published

Hong Kong Hong Kong Special administrative region of China

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Hong Kong airline to cut thousands of jobs amid pandemic [Video]

Hong Kong airline to cut thousands of jobs amid pandemic

Cathay Pacific has announced a major restructuring plan as it struggles to deal with travel restrictions and a big drop in demand.

Credit: Al Jazeera STUDIO    Duration: 02:04Published
Cathay Pacific to cut 5,900 jobs [Video]

Cathay Pacific to cut 5,900 jobs

Hong Kong's Cathay Pacific Airways Ltd said on Wednesday it would slash 5,900 jobs and end its regional Cathay Dragon brand, joining peers in cutting costs as it grapples with a plunge in demand due to the coronavirus pandemic. Libby Hogan reports.

Credit: Reuters Studio    Duration: 01:33Published

Tokio Disambiguation page providing links to topics that could be referred to by the same search term

Tokyo urges Olympics supporters to 'pack less, wait less' following security tests [Video]

Tokyo urges Olympics supporters to 'pack less, wait less' following security tests

Tokyo Games organisers complete three days of security tests as they prepare to host the rescheduled Olympics next year.

Credit: Reuters - Sports    Duration: 03:36Published

Tokyo reports 78 COVID-19 cases, 1st double-digit count in a week

Tokyo confirmed 78 new COVID-19 cases on Oct. 19, the first time in a week the count fell below 100, according to metropolitan government officials....
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Tokyo amusement park transforms into office space [Video]

Tokyo amusement park transforms into office space

The coronavirus pandemic has turned one Japanese theme park into a new workplace for teleworkers, with a haunted house for the bargain.

Credit: Reuters Studio    Duration: 01:06Published

South Korea South Korea Country in East Asia

Premier League: Tottenham boss Jose Mourinho says Son Heung-min deserves bumper new deal

London: Tottenham boss Jose Mourinho said on Friday that expects Son Heung-min to be handed a lucrative new long-term contract "sooner or later" after the South..
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South Korea deaths 'not linked' to flu vaccination drive

Officials say the country's vaccination drive continues and that several recent deaths are unrelated.
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US on the same page with South Korea over end-of-war declaration

U.S. Secretary of State Mike Pompeo speaks at a news conference at the State Department in Washington, D.C., Wednesday. Reuters-Yonhap By Do Je-hae South Korea..
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S.Korea sticks to flu shot plan despite deaths [Video]

S.Korea sticks to flu shot plan despite deaths

South Korean officials refused on Thursday to suspend a seasonal influenza inoculation effort, despite growing calls for a halt, including an appeal from a key group of doctors, after the deaths of at least 25 of those vaccinated. Emer McCarthy reports.

Credit: Reuters Studio    Duration: 01:38Published

South Korea flu jab: Investigation into 13 deaths after vaccine

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KOSPI KOSPI stock market index

Asian markets close in the red

Japanese Nikkei 225 index ended 0.70% lower, Korean Kospi by 0.67% lower and Shanghai Composite 0.38% lower. ......
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Equity indices close higher after RBI keeps key rates unchanged [Video]

Equity indices close higher after RBI keeps key rates unchanged

Equity benchmark indices maintained an upward trajectory on Friday after the Reserve Bank of India's (RBI) kept repo rate unchanged and continued with accommodative stance. Though the central bank sees FY21 GDP contracting by 9.5 per cent and may turn positive in Q4, several market experts said many measures have been introduced to maintain comfortable liquidity conditions. The BSE SandP Sensex closed 327 points or 0.81 per cent higher at 40,509 while the Nifty 50 gained by 80 points or 0.67 per cent at 11,914. Among stocks, State Bank of India rose by 3.6 per cent to Rs 198.55 per share. Private lenders ICICI Bank, Axis Bank and HDFC Bank ticked up by 4 per cent, 3.7 per cent and 3.6 per cent respectively. IT major Wipro was up by 4.4 per cent to Rs 375.25 per share while infrastructure conglomerate Larsen and Toubro advanced by 3.3 per cent to close at Rs 910.05 per unit. However, those which lost were Grasim, Hindalco, Sun Pharma, Nestle India, Britannia and Tata Motors. Meanwhile, Asian shares were mixed as revived hopes for a US stimulus deal eclipsed weaker-than expected jobs data. Nikkei dipped by 0.12 per cent while Hong Kong's Hang Seng was down by 0.31 per cent. But South Korea's Kospi rose by 0.21 per cent.

Credit: ANI    Duration: 01:15Published
Equities trim early gains but close in green, Wipro spurts 7.3% [Video]

Equities trim early gains but close in green, Wipro spurts 7.3%

Equity benchmark indices shaved off early gains but closed in the positive zone on Thursday following a rally in IT stocks amid dynamic global cues. The BSE SandP Sensex closed 304 points or 0.76 per cent at 40,183 while the Nifty 50 gained by 96 points or 0.83 per cent at 11,835. Tata Consultancy Services rose by 3 per cent to Rs 2,819 per share after reporting 6.6 per cent sequential growth to Rs 7,475 crore in the July to September quarter. It also decided to buy back up to 2.2 billion dollars in shares. HCL Technologies and Infosys were up by 2.6 per cent each. Pharma major Cipla ticked up by 4.9 per cent, Sun Pharma by 2.3 per cent and Dr Reddy's by 1.9 per cent. However, energy majors GAIL and ONGC dipped by 3 per cent and 2.8 per cent respectively. Eicher Motors, ITC, Asian Paints and Reliance Industries too traded with a negative bias. Meanwhile, Asian shares climbed to a one-month high as renewed hopes for more US stimulus helped restore investor confidence. Japan's Nikkei added 0.96 per cent while South Korea's Kospi moved up by 0.21 per cent. But Hong Kong's Hang Seng fell by 0.56 per cent.

Credit: ANI    Duration: 01:19Published

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