Category: Business

Japan’s SoftBank Group Corp shares climbed above 10,000 yen apiece on Tuesday, hitting two-decade highs, a day after the group’s Vision Fund unit reported record profits as portfolio company listings accelerate. SoftBank’s shares were up 3.3% at Y9,800 at 03:56 GMT having earlier shot past Y10,000, the biggest intraday jump in two months. On Monday […]

Remote working is now one of the top daily challenges facing traders and a development that will likely boost the use of technology and electronic trading in the months ahead, a survey by JPMorgan released on Tuesday showed. According to the survey of 260 fixed income, currencies and commodities (FICC) traders conducted in December, almost […]

Cryptocurrencies extended gains in Asia on Tuesday, with bitcoin and ethereum reaching record highs, in the wake of a Tesla Inc investment in bitcoin. Bitcoin posted its largest daily percentage gain in more than three years overnight, after Tesla made the announcement in its 2020 annual report. Bitcoin added as much as 2.5% to hit […]

Nestle said on Tuesday its Gerber baby cereal products made and sold in China are safe and it had reported to authorities an association that advised its members, in a post on social media, to stop selling the products. “All Gerber products produced in China comply with China’s food safety standards on complementary foods for […]

Huawei Technologies’ founder Ren Zhengfei said on Tuesday it would be “extremely difficult” for the United States to end the sanctions that have crippled its phone business, but that he hoped the new U.S. administration would have an “open policy”. Ren, who was making his first media appearance since March last year, said he hoped […]

South Korea’s financial watchdog sees no grounds currently for a probe after an upswell of investor frustration online over share sales by Hyundai Motor executives in the wake of reports of a tie-up with Apple, an official said on Tuesday. The Financial Supervisory Service (FSS) official said the regulator would need to see factual evidence […]

Rupert Murdoch’s Fox News Media said on Monday it filed a motion to dismiss electronic voting systems maker Smartmatic’s lawsuit that has claimed that the media group accused it of helping rig the U.S. presidential election in favor of Joe Biden. In a defamation suit filed last week, Smartmatic had alleged that Fox and other […]