SoftBank has entered an agreement with Japan’s most popular messaging service Line to acquire a majority stake in the company’s mobile business. Line Corp, which is dual-listed in New York and Tokyo, said Wednesday that it would enter into a strategic partnership with the Japanese tech giant to expand the provision of its mobile service. […]
Read moreMortgage rates moved higher for the second straight week, and the lending community is just beginning to feel the effects. Total mortgage application volume fell 2.6 percent last week, according to the Mortgage Bankers Association’s seasonally adjusted report. Volume remains 6.6 percent higher than the same week one year ago. Applications to refinance a home […]
Read morePresident Donald Trump‘s first State of the Union address was rife with promises to put “America First,” but investors and political analysts in Asia seem to be taking it in their stride. “There was only one name check of China in the speech, and then one allusion to intellectual property rights, so it was less […]
Read moreU.S. President Donald Trump vowed on Tuesday to protect American intellectual property, but made no mention of China, which his administration has accused of trade abuses, in his first State of the Union speech to Congress. Trump had been expected to deliver strong warnings to countries about unfair trade practices, including stealing intellectual property and […]
Read moreMicrosoft is set to report quarterly earnings Wednesday after the bell, and one trader is bullish on the name in part because of the tech giant’s foray into the world of blockchain technology. The stock, which hit an all-time high Monday, looks well-positioned into earnings, said Michael Bapis, partner and managing director at the Bapis […]
Read moreJapan’s Fujifilm is set to take over Xerox, and combine the U.S. company into their joint venture Fuji Xerox in an effort to cut costs, the companies said on Wednesday. Fujifilm will own 50.1 percent of Xerox shares, and combine Xerox with Fuji Xerox, their joint venture in which the Japanese company already holds a […]
Read moreSamsung Electronics is producing chips for a Chinese company to mine cryptocurrencies and it expects this to boost earnings this year. The South Korean technology giant has a division within its semiconductor business called Foundry. It builds chipsets for other companies. Samsung said in its fourth quarter earnings Wednesday that it will “benefit from cryptocurrrency […]
Read moreCurrency, United States Finance
There’s a risk of market turbulence, but it’s unlikely to hit until 2019, says Santander chairman
Plans by central bankers to reduce monetary stimulus could create market shocks, but these are unlikely to happen in 2018, the chairman of Banco Santander told CNBC Wednesday. As global growth picks up and inflation recovers from its crisis levels, the European Central Bank, the Bank of England and the U.S. Federal Reserve have started […]
Read moreCurrency, United States Finance
We'll see up to a 15 percent correction in 2018, Swiss bank CEO says
A market correction is well overdue and investors should expect a price drop of up to 15 percent this year, Julius Baer Chief Executive Bernhard Hodler told CNBC Wednesday. “Generally I think we will see sooner or later a correction — hopefully it will be like a 5, 10, 15 percent correction, another very large […]
Read moreJapanese messaging service Line Corp is expanding its reach into financial technology, or fintech, with a new company that offers a cryptocurrency exchange, loans and insurance. The Tokyo and U.S.-listed firm already offers a money transfer and payment service called Line Pay, but on Wednesday announced it would launch a new division called the Line […]
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