SoftBank Group Corp said it sees a loss of around 700 billion yen ($6.6 billion) in the year ending March on the portion of its WeWork investment held outside the Vision Fund, as the virus compounds ... ( read original story ...)
SoftBank Expects Up To $6.6B Loss From WeWork Over The Past Year
On the portion of its WeWork investment held outside its Vision Fund, SoftBank said it expects a loss of what works out to be $6.6B for the year ending March, Reuters reports . “Every writedown takes ... ( read original story ...)
News Corp Australia Partners with Flybuys; US Local Media Advertising Down 3.6%
News Corp Australia partners with customer loyalty platform Flybuys to bolster its audience segments; US local media advertising is expected to fall by 3.6% as Coronavirus keeps live sports on hold; ... ( read original story ...)
Other Media | SalmonBusiness: Salmones Austral gets IPO approval, but can’t list until COVID 19 calms down
Chilean salmon farmer plans to list on the Santiago Stock Exchange. Aqua.cl reports that Salmones Austral has been given the nod from the Financial Market Commission (CMF) to register its company and ... ( read original story ...)
Naotsune Alliance to Open a New Office Location in Hong Kong
Naotsune Alliance, a financial advisor for the world of business that provides discretionary investment advisory services for individual clients, wealthy families, institutional investors and ... ( read original story ...)
Japan Biopharma Venture Has Surged Almost 400% on Vaccine Hopes
A Japanese biopharma venture has surged almost 400% in just over two months on hopes that its vaccine candidate for the coronavirus will be successful.AnGes Inc., a spin-off from Osaka University, ... ( read original story ...)
Transport stocks pull Tokyo shares lower as state of emergency extends
Japanese shares eased on their return from a long holiday on Thursday, with airlines declining the most, as sentiment was dampened by Tokyo's move to extend a state of emergency and dour U.S. economic ... ( read original story ...)
Japan Companies May Have Missed Initial Profit Forecasts by 18%
Japanese companies whose fiscal years ended in March may have seen profits fall short of their initial forecasts by 18% in an early sign of how the virus outbreak is hitting the country. ( read original story ...)
Osaka inspires ‘maverick’ Utain
Veteran politician Utain Shartpinyo is using the issue of mounting rubbish and traffic congestion in the capital as a political platform to garner votes for the Bangkok election next year. ( read original story ...)
Tokyo shares edge lower after long holiday; airlines top losers
Japanese stock markets eased on their return from a long holiday on Thursday, with airlines leading the fall on Tokyo's main bourse, as investors fretted over dire U.S. economic data and souring ... ( read original story ...)
Crypto Conversation: Kyber Gets Boost From Growth in Decentralized Finance
Our data shows a spike in KNC Fundamental Crypto Asset Score in the past two weeks, up 35-points (4.32%) due to a 70-point climb in User Activity (8.96%). The key difference between Kyber and other ... ( read original story ...)
Cypherpunk Zooko Wilcox Aims To Bring Anonymous Crypto To The Law-Abiding Masses
Zcash creator even hired Rand Corp. to dispel rumors that drug dealers and child pornographers were big users. ( read original story ...)
U.S.-China Rift Will Welcome Back Japan Traders
As Japan’s investors come back to work on Thursday after their Golden Week holiday, they’ll get to trade on the latest extension in the state of emergency and escalating tension between the U.S. and ... ( read original story ...)
How Centralized Crypto Can Improve Blockchain Reporting
It is easy now to lose sight of the initial goal of cryptocurrencies; to develop an alternative financial system not beholden to any centralized or governmental agency. No matter what side of this ... ( read original story ...)
How Crypto Innovator Alex Mashinsky Challenges Fed Monetary Policy
That is the audacity, the stealing in the U.S. economy - a lot of people don’t understand the ‘invisible hand’ that is emptying our pockets. The history books will show how this is 2008 all over ... ( read original story ...)
SoftBank to write down WeWork by $6.6 billion, compounding portfolio misery
SoftBank Group Corp said it sees a loss of around 700 billion yen ($6.6 billion) for the year ended March on the portion of its WeWork investment held outside the Vision Fund, as the virus compounds ... ( read original story ...)