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Month: November 2022

Posted on 14/11/2022

Softbank boss Masayoshi Son devotes himself to growing ARM for the next few years

Son next posed the question “how can we best use of ARM?” “In the coming few years, I only like to focus on this thing. So the next explosive growth of Arm is something that I would like to ...

Posted on 14/11/2022

Unicorn startup Darwinbox may go for IPO in next 3 years: Co-founder

The promoters of Darwinbox currently hold more than 30 per cent stake in the company while the rest is held by investors, including TCV, Salesforce Ventures, Sequoia, Lightspeed and Endiya Partners.

Posted on 14/11/2022

Unicorn startup Darwinbox may go for IPO in next 3 years: cofounder Rohit Chennamaneni

With the USD 72 million fundraising in January this year, Darwinbox's valuation crossed USD 1 billion thus placing it in the club of unicorns.

Posted on 14/11/2022

Japan’s Nikkei slides from 2-month highs; SoftBank drags

Japan's Nikkei index closed lower on Monday from a two-month high scaled in the previous session, as investors booked profits and market heavyweight SoftBank Group tumbled after its Vision Fund ...

Posted on 14/11/2022

Japan’s Biggest Bank Mitsubishi UFJ Reports 70.5% Slump in Q2 Profit

Mitsubishi UFJ Financial Group Inc, Japan's largest lender by assets, on Monday reported a 70.5% slide in second-quarter net profit because of another one-off loss related to the sale of U.S. unit ...

Posted on 14/11/2022

6.1-magnitude quake strikes off Japan’s Mie prefecture: JMA

An earthquake with a preliminary magnitude of 6.1 struck off the southeast coast of Mie prefecture, the weather agency said Monday. According to the Japan Meteorological Agency (JMA), the temblor, ... ( read original story ...)

Posted on 14/11/2022

6.1-magnitude earthquake hits Japan, no tsunami advisory

A 6.1-magnitude earthquake was detected Japan on Monday, shaking Tokyo and other cities, officials said, but no tsunami warning was issued. ( read original story ...)

Posted on 14/11/2022

Japanese Inflation Shows Signs of Easing, Kuroda Says

NAGOYA, Japan—There are some signs of local inflation easing, Bank of Japan Gov. Haruhiko Kuroda said, a development that helps lower pressure on the bank to tighten its ultraloose monetary policy. ( read original story ...)

Posted on 14/11/2022

BOJ chief vows to maintain easing and watch impact of global tightening

Despite the headline inflation figure topping the 2% threshold in recent months, Kuroda has ruled out the possibility of a near-term interest rate hike. ( read original story ...)

Posted on 14/11/2022

Japanese investigators to visit Brazil over Osaka murder case

NHK has learned that police in Osaka, western Japan, plan to send officers to Brazil to pursue their search for a Brazilian man suspected of murdering his wife and daughter when they lived in Japan. ( read original story ...)

Posted on 14/11/2022

Japan’s Mizuho reports 29.3% increase in Q2 net profit

Mizuho Financial Group , Japan's third-largest lender by assets, on Monday reported a 29.3% increase in second-quarter net profit. ( read original story ...)

Posted on 14/11/2022

Hong Kong stocks rise 2% in mixed Asia session, Softbank shares drop 14%

Hong Kong's Hang Seng popped as Japan's benchmark index was dragged lower by tech giant SoftBank Group in a mixed Asia-Pacific session after closing the previous week with a big rally. The Hang Seng ...

Posted on 14/11/2022

How North Korea became a mastermind of crypto cyber crime

Cryptocurrency theft has become one of the regime’s main sources of revenue and underlines the lack of regulation of digital assets ...

Posted on 14/11/2022

Japan lender Sumitomo Mitsui reports 8% increase in Q2 net profit

Sumitomo Mitsui Financial Group Inc, Japan's second-largest bank, on Monday reported an 8.0% increase in second-quarter net profit and raised its profit outlook as improved economic conditions have ...

Posted on 14/11/2022

Bank of Japan chief vows to maintain easing, watch impact of global tightening

The Bank of Japan will maintain an ultralow rate policy amid heightened uncertainty over the global economy caused by policy tighteni ...

Posted on 14/11/2022

Minister seeks to calm Tokyo nerves over resource security

Japan says it is closely watching Australian energy policy as it seeks to secure stable supplies of coal and gas. ( read original story ...)

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