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Markets

SoftBank Group third-quarter op profit falls 99per cent; misses analyst estimates

Japan's SoftBank Group Corp said on Wednesday its third-quarter operating profit fell 99per cent, well short of analyst estimates, pulled down by losses at the US$100 billion Vision Fund.

Markets

US judge drops some charges against Theranos’s Holmes, leaves wire fraud

A federal judge late on Tuesday dismissed some charges against Theranos Inc founder Elizabeth Holmes, but let stand wire fraud charges accusing her and an associate of misleading patients about the abilities of her company's blood tests.

Markets

China’s GDP goal on track despite virus impact: government economist

China will be able to achieve its long-term goal of doubling gross domestic product and incomes this year despite the impact from a conoravirus outbreak, an influential economist at a top government think tank said on Wednesday.

Markets

Hotpot restaurants fall victim to coronavirus fears in Hong Kong

Hotpot has become the latest casualty of the coronavirus outbreak after ten members of a family in Hong Kong became infected after sharing the dish, a much-loved favourite during winter.

Markets

Samsung unveils compact foldable phone, 5G Galaxy S20 to fend off Apple, Huawei

Samsung Electronics on Tuesday unveiled a foldable smartphone shaped like a large makeup compact and put 5G mobile network capabilities into all of its other flagship devices as it strives to retain the mantle of biggest global phone company.

Markets

Boeing executive says tough to see air cargo growth this year due to virus

The air cargo market is unlikely to grow this year because of the challenges posed in the China market due to the coronavirus, a senior executive at Boeing Co said on Wednesday.

Markets

SoftBank stock surges to seven-month high after judge OKs Sprint-T-Mobile merger

SoftBank Group Corp stock surged to its highest price in over half a year in Tokyo on Wednesday, after a U.S. federal judge rejected an antitrust challenge to the proposed takeover of subsidiary Sprint Corp by T-Mobile US Inc .

Markets

FTC demands data about small buys by Google, Amazon, Apple, Facebook, Microsoft

The Federal Trade Commission has issued special orders to five big tech companies - Alphabet Inc's Google unit, Amazon.com Inc , Apple Inc , Facebook Inc and Microsoft Corp - to provide information on mergers that were too small to report to antitrust regulators, the FTC said on Tuesday....

Markets

Mahindra draws up US$423 million turnaround plan for Korean unit Ssangyong

Indian automaker Mahindra & Mahindra will invest US$423 million to turnaround its struggling South Korean unit Ssangyong Motor Co and make it profitable by 2022, a senior company executive told reporters in Mumbai on Tuesday.

Markets

Google vs EU: A decade-long saga goes to court

Google and the EU have a big day in court Wednesday as the search engine giant enters a new phase of a legal saga that began a decade ago.

Markets

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