Japan’s SoftBank Group Corp on Monday reported a 50.1 percent rise in first-quarter operating profit, after the company included Vision Fund, the world’s largest private equity fund, as a new reportable segment and booked a valuation gain. The internet and telecoms giant said profit for the quarter through June increased to 479.2 billion yen ($4.33 […]
Read moreNorth Korea denounced the United Nations’ latest sanctions imposed on the isolated state, saying they infringe on its sovereignty and vowed to take “righteous action”, the North’s official news agency said. The government statement reiterated Pyongyang’s previous stance that it will never place its nuclear program on the negotiating table as long as the United […]
Read moreDeutsche Bank is no longer one of the world’s top 15 private banks after a difficult year for the German lender, a study by Scorpio Partnership showed Monday. The bank saw its private banking arm getting less revenue in 2016 – a drop of 28 percent in dollar terms to $227 billion compared to the […]
Read moreShort sellers are increasingly targeting Hong Kong-listed Chinese companies they allege have committed accounting tricks, market manipulation and fraud. And that’s despite mounting hostility faced by investors who bet against stocks. This year, there have been nine campaigns by short sellers against Hong Kong-listed companies as of mid-July, a record for the period, according to […]
Read moreTaiwan’s Foxconn, one of Apple’s primary iPhone makers, will open a multibillion-dollar research and development plant in Michigan, the South China Morning Post reported on Sunday. That makes the second politically critical state to receive such a commitment from the multinational — which is sure to be seen by many as a gargantuan political success […]
Read moreA company linked to U.S. President Donald Trump has been granted approval from the Chinese territory of Macau for additional trademarks, including casino services, to develop the “Trump” brand in the world’s biggest gambling center. DTTM Operations LLC, which listed the address of Trump Tower on Fifth Avenue in New York, received four trademark approvals […]
Read moreFurther nuclear aggression from Pyongyang and heightened tensions between Beijing and Washington are widely expected following fresh economic sanctions on the rogue state. In the aftermath of July’s two intercontinental ballistic missile tests, the United Nations on Saturday hit North Korea with “the most stringent set of sanctions placed on any country in a generation,” […]
Read moreConsider these the dog days of the dog days. Not only is August traditionally a crappy markets month, but it’s also when it gets harder to find truly market-moving news. The stock market just seems to have a mind of its own. So long as hopes remain that Congress will figure out a way to […]
Read moreChina continues to step up oversight of its financial system in efforts to rein in threats to market stability. The Shanghai Stock Exchange is zeroing in on any corporate actions that may present financial risks to the market, official state media Xinhua reported Saturday. One particular area of focus is to keep companies from obscuring […]
Read moreChinese state media on Monday stressed the limits of new United Nations sanctions on North Korea, and also slammed the United States for its “arrogance”, saying Washington needed to understand it also has a role in lessening tensions. The United Nations Security Council unanimously imposed new sanctions on North Korea on Saturday that could slash […]
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