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The Latest Breaking News from SoftBank

SoftBank Q2 net profit boosted by sales of Alibaba shares

Tokyo (AFP) - Japan's SoftBank Group on Friday posted a net profit in the second quarter, partly thanks to gains from the recent reduction of its stake in Chinese e-commerce giant Alibaba.

AFP

Japan's SoftBank returns to profit as investments rebound

Japanese technology investor SoftBank Group has reported a 3 trillion yen, or $21 billion, profit for the July-September quarter, a sharp reversal from its loss a year ago

The Independent UK

SoftBank posts Q2 net profit after Alibaba share sales

Tokyo (AFP) - Japan's SoftBank Group on Friday posted a net profit in the second quarter, partly thanks to gains from its recent reduction of its stake in Chinese e-commerce giant Alibaba.

AFP

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IPO Hopes In Limbo For Apple's Top Chip Designer ARM

Apple's chip design maker, ARM is trying to go public in a bleak market. Still, demand is strong for ARM designs.

Investors Business Daily

Tech investment giant SoftBank sells entire THG stake to Matthew Moulding and Qatar

The move comes after a $1.6bn deal that would have seen SoftBank take a near 20% stake in a major division of THG was abandoned in July

Manchester Evening News

THG shares rise after SoftBank sells stake to Moulding and Qatar

Founder of online shopping group cements control as Japanese firm offloads its holding at £450m loss

The Guardian - UK

SoftBank sells entire THG stake to Matthew Moulding and Qatar

THG said it will receive £31m in proceeds after agreeing to sell 67.8 million shares to Qatar Investment Authority

Birmingham Post

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SoftBank cuts 150 jobs as investments plummet

It comes just weeks after the firm posted a staggering $23 billion (£19 billion) net loss

Evening Standard

Why the value of my second-hand Toyota has risen tenfold in Japan

With new cars in short supply, AI is shaping a booming second hand market

Financial Times

Top Financial Media Stories Friday, September 16: Uber Internal Systems Hacked By A Teenager, Germany Takes Control of Oil Refineries Owned by Russia's Rosneft, Kanye West End Apparel Partnership with Gap And More..

New York Times

Benzinga

Truss and Kwarteng in fresh push to persuade SoftBank to list Arm in UK

Cambridge-based chip designer’s owner prefers US to London but PM and chancellor aim to revive talks

The Guardian - UK

Uber Eats to Deliver Meals With Nuro's Driverless Vehicles

Texans and Californians can receive food delivered by a zero emissions self-driving vehicle this fall.

The Street

Masayoshi Son sounds a warning for vision-peddlers everywhere

The SoftBank founder has sent investors an uncharacteristic message of risk aversion — and that’s a problem for Japan

Financial Times

After Record Losses, a Fund's Leader Looks to Samurai History

SoftBank's Vision Fund lost nearly $22 billion in the latest quarter.

The Street

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Benzinga

Why SoftBank's Billionaire CEO Can't Harness His Inner Warren Buffett And Buy The Market Dip

Japanese investment heavyweight SoftBank Group Corp reported a record $23-billion quarterly loss on Monday.

Birmingham Post

Investment giants lower stakes in Matthew Moulding's THG

THG founder and chief executive Matthew Moulding is the single largest shareholder in the group

The Guardian - UK

SoftBank CEO ‘ashamed’ of pride in past profits as record losses prompt cost cuts

Japanese technology and investment group is seeking to float UK-based chip maker Arm

Evening Standard

SoftBank posts record £19bn loss as tech investments flop

The results add further pain on top of the $26 billion loss its Vision Fund posted in May

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The Street

Stocks Higher, 'Inflation Reduction Act,' Softbank, CVS Health and Signal - Five Things To Know

Stock futures higher ahead as investors assess the 'Inflation Reduction Act,' Softbank posts massive fiscal loss, and CVS Health ponders bid for Signal Health.

Asharq Al-Awsat

Japan Tech Giant Softbank Posts $23 Billion Quarterly Loss

Japanese technology company SoftBank Group posted a $23.4 billion loss in the April-June quarter as the value of its investments sank amid global worries about inflation and interest rates. SoftBank Group Corp.’s loss of 3.16 trillion yen was a reversal from its 762 billion yen profit in the same quarter…

The Independent UK

Japan tech giant SoftBank posts $23 billion quarterly loss

Japanese technology company SoftBank Group posted a $23 billion loss in the April-June quarter as the value of its investments sank amid global worries about inflation and interest rates

AFP

Japan's SoftBank reports record quarterly net loss

Tokyo (AFP) - Japan's SoftBank Group on Monday reported a record quarterly net loss of $23.4 billion, after interest rate hikes tanked tech shares.

Manchester Evening News

One of Manchester's richest men gifts shares worth over £800,000 to his mates for free

Mr Moulding recently completed the donation of millions of pounds to charitable causes in the city.

Birmingham Post

THG boss Matthew Moulding hands shares worth more than £800,000 to friends for free

Mr Moulding has a stake of about 22% in THG

The Guardian - UK

Unilever demonstrates an impressive degree of pricing muscle

Upgrading its revenue guidance is reassuring after the firm’s failed tilt at GSK’s consumer arm, but things remain volatile

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