Tokyo: Softbank Group Corpo. 9984 4.45% Large quarterly profits ride red-hot stock markets behind the benefits of its 100 100 billion Vision Fund and its billion 10 billion investment. Investors in Japanese technology said Monday it posted a net profit of 1. 1.17 trillion, equivalent to about 11 11 billion, …
Read More »NYSE 3 to list largest Chinese telecom to comply with Trump’s executive order
Last Updated: December 31, 2020 at 10:10 a.m. ET First published: December 31, 2020 at 10:07 a.m. ET China Mobile has been listed on the NYSE since 1997. AFP / Getty Images The New York Stock Exchange announced late Thursday that it has begun prosecuting three of the largest Chinese …
Read More »Why is Alibaba’s stock plunge bad news for Softbank?
The size of the text Getty Images by Charlie Tribune / AFP A sharp drop in shares of Alibaba Group on Thursday came on the heels of news that China is investigating e-commerce giant on issues of antitrust, whose shares have risen. Softbank Group, Japan-based holding company that is Alibaba’s …
Read More »Rising European stocks, separated from US tech fears
A worker assembles a VW ID3 electric car at a Volkswagen factory on July 31, 2020 in Zwickau, Germany. Jane’s Sloater / Getty Images European stocks improved on Monday, after rough weeks for markets. Stocks Europe 600 SXXP, down 1.9% last week + 1.06% Renault rose 1.1%, with automobile manufacturers …
Read More »Tech giants fueled a powerful market rally on the condition of a softbank
Seeing vertigo-induced growth in tech stocks and Thursday’s fall, investors are booming with a single trade, a huge but shadowy trust can be placed on Silicon Valley that could pull the market with it. The investor behind that trade, according to those familiar with the matter, is Japan’s Softbank 9984 …
Read More »