By Sam Nussey TOKYO (Reuters) – SoftBank Group Corp <9984.T> is seen returning to profitability in the first quarter on Tuesday as the value of its listed holdings rise, three months after faltering tech bets via its Vision...
READ MORE
Facebook employees to work from home until July 2021
By Kanishka Singh (Reuters) – Facebook Inc <FB.O> will allow employees to work from home until July 2021 due to the coronavirus outbreak and will give them $1,000 for home office needs, a spokeswoman for the social media giant...
READ MORE
OCBC profit falls 40%, rounds up cautious outlook for Singapore banks
By Anshuman Daga SINGAPORE (Reuters) – Singapore’s second-largest lender Oversea-Chinese Banking Corp <OCBC> reported a larger-than-expected 40% tumble in second-quarter net profit on Friday, hurt by loan-loss provisions...
READ MORE
Mitsubishi Motors says Chairman Masuko resigns due to health reasons
TOKYO (Reuters) – Mitsubishi Motors Corp <7211.T> said on Friday Osamu Masuko resigned as chairman due to health reasons and has handed over the role to CEO Takao Kato on a temporary basis. A veteran of the Mitsubishi...
READ MORE
Chinese state media slams ‘madness’ of U.S. tech purge
SHANGHAI (Reuters) – Washington’s plan to ban certain technologies of Chinese origin is a sign of “madness” in U.S. Secretary of State Mike Pompeo, China’s state-backed tabloid Global Times wrote in an...
READ MORE
CalPERS investment chief steps down at $400 billion pension fund
By Alexandra Alper and Aishwarya Nair (Reuters) – The investment chief of CalPERS, Yu Ben Meng, has resigned effective immediately, the largest public U.S. pension fund said on Wednesday, amid pressure from the Trump administration...
READ MORE