November 2018
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41 articles published


Bank of Japan's hoard of assets now bigger than the economy

Business / Economy Nov 14, 2018

Bank of Japan's hoard of assets now bigger than the economy

by Yuko Takeo

The Bank of Japan's massive asset purchase program has taken it into uncharted territory, with its ballooning holdings now larger than the country's annual economic output. Its holding reached a staggering ¥553.6 trillion ($4.9 trillion), figures released Tuesday show, compared with nominal gross domestic product ...

SoftBank commits another $3 billion to WeWork

Business / Corporate Nov 14, 2018

SoftBank commits another $3 billion to WeWork

SoftBank Group Corp. is continuing to push money into one of its biggest investments: WeWork Cos. The New York-based co-working company signed a $3 billion warrant with SoftBank, WeWork said Tuesday in a discussion of its third-quarter earnings. SoftBank agreed to pay $3 billion to ...

'Mega-fires' are the new normal in California

World Nov 14, 2018

'Mega-fires' are the new normal in California

Paradise, California, had long prepared for wildfires. But only in its worst nightmares did it imagine the kind of "mega-fire" that last week destroyed most of the town — and is becoming a common occurrence in the state. Born of tinder-dry conditions and erratic winds, ...