Morning Bid: Asia’s economic spotlight shines on giants China, Japan

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying stock market data outside a brokerage in Tokyo, Japan, February 25, 2022. REUTERS/Kim Kyung-Hoon/File Photo Register now for FREE unlimited access to Register Aug 15 (Reuters) – A look at the day ahead in Asian markets … Read more

Explainer: How could the new US corporate minimum tax affect companies?

Aug 12 (Reuters) – The main revenue source in the new US tax, climate and drugs bill is a novel 15% corporate minimum tax aimed at stopping large, profitable companies from gaming the Internal Revenue Service code and slashing their tax bills to zero. The US House of Representatives was scheduled to vote on Friday … Read more

Take Five: Retailer round-up, UK economy woes and Europe’s power problems

Aug 12 (Reuters) – US retailers’ earnings will give a glimpse into how consumers are dealing with sky-high inflation, and a raft of data will offer a check-up on the health of the UK economy. Power problems will continue to plague Europe, while the central bank spotlight falls on New Zealand. Here’s your week-ahead in … Read more

SoftBank steps up asset sales from sinking portfolio

A journalist raises her hand to ask a question to Japan’s SoftBank Group Corp Chief Executive Masayoshi Son during a news conference in Tokyo, Japan, November 5, 2018. REUTERS/Kim Kyung-Hoon/File Photo/File Photo Register now for FREE unlimited access to Register TOKYO, Aug 9 (Reuters) – SoftBank Group Corp (9984.T) is accelerating asset sales after … Read more

Tesla’s July sales of Chinese-made vehicles slide due to factory line upgrades

Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. REUTERS/Aly Song/File Photo Register now for FREE unlimited access to Register SHANGHAI, Aug 9 (Reuters) – Tesla ( TSLA.O ) sold 28,217 Chinese-made vehicles in July, nearly two-thirds less than a month earlier as … Read more

Japan’s Kishida likely to retain finance and foreign ministers in reshuffle – Nikkei

Japan’s Prime Minister Fumio Kishida delivers a speech at his official residence in Tokyo, Japan July 14, 2022. Xinhua/Zhang Xiaoyu/Pool via REUTERS Register now for FREE unlimited access to Register TOKYO, Aug 9 (Reuters) – Japanese Prime Minister Fumio Kishida is likely to retain his current finance and foreign ministers in a cabinet reshuffle … Read more

SoftBank plans Vision Fund job cuts after record net loss

SoftBank was in a bubble on valuations – Son No sacred areas for cost cuts – Son SoftBank has exited stake in Uber Announced Y400 monthly share buyback TOKYO, Aug 8 (Reuters) – SoftBank Group Corp (9984.T) is planning to cut headcount at its flagship Vision Fund investing arm, CEO Masayoshi Son said on Monday, … Read more

Analysis: Why the banks financing Musk’s Twitter deal are unlikely to be able to help him walk away

An image of Elon Musk is seen on smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Register Aug 5 (Reuters) – The banks that agreed to finance Elon Musk’s $44 billion acquisition of Twitter Inc (TWTR.N) have a … Read more

Stocks slip, investors cautious ahead of US jobs data

LONDON, Aug 5 (Reuters) – European equities slipped on Friday and were little changed on the week as traders waited for US jobs data to give clues as to the health of the world’s largest economy. The MSCI world equity index, which tracks shares in 47 countries, was up 0.1% and set for a weekly … Read more

Japan’s GPIF posts $28 bln Q1 investment loss on market turbulence

The sign of Japan’s Government Pension Investment Fund (GPIF) is seen at its reception in Tokyo, Japan, November 16, 2018. REUTERS/Toru Hanai Register now for FREE unlimited access to Register TOKYO, Aug 5 (Reuters) – Japan’s Government Pension Investment Fund (GPIF) reported on Friday an investment loss of 3.75 trillion yen ($28.13 billion) for … Read more