SoftBank's damage from Uber and WeWork could exceed $5 billion
Masayoshi Son's startups have had a rough few months, from a botched initial public offering by WeWork to a sharp decline in shares of Uber Technologies Inc. Now analysts are beginning to calculate that the damage for Son's SoftBank Group Corp. will likely reach into ...
SoftBank debtholders hope for more caution after WeWork woes
Many bond market participants still think SoftBank is a relatively safe bet, but a bumpy few weeks for the corporate investor has prompted some to pine for a bit more caution.
Tokyo entrepreneur's advice for parents and kids: It's never too early to teach financial literacy
Some say shortcuts are cheating, but multimillionaire investor, financial educator and bestselling author Sami Mian understands that's the route to riches most high achievers take. The well-worn path from good grades at school to a good job is not how to do it, he says. ...
SoftBank has a lesson for startups with WeWork coup: Your dreams had better be profitable
Masayoshi Son, long known as a free-spending benefactor who encouraged startup founders to pursue their dreams even if it meant losing billions of dollars, had a different message for entrepreneurs last month: Your dreams had better be profitable. The chief executive officer of SoftBank Group ...
Japan and EU ink infrastructure cooperation pact in counter to China's Belt and Road
The EU and Japan on Friday signed an infrastructure agreement to link Europe and Asia as a counter to China's ambitious Belt and Road strategy. Prime Minister Shinzo Abe and European Commission chief Jean-Claude Juncker inked the accord to coordinate infrastructure, transport and digital projects. The ...
Investors await naming of CIO at Japan's GPIF, the world's largest pension fund
The Government Pension Investment Fund will likely announce next week whether its chief investment officer will continue to manage the monolith's $1.48 trillion in assets. Hiromichi Mizuno, whose term will end on Monday, captained sweeping changes to the investment strategy of the world's largest pension ...
Chile taps China and Japan in lithium-for-tech push but faces tough sell
Chile is making a renewed push for investment in battery technology in return for access to its lithium deposits, piquing interest from China, Japan and Europe as global firms look to tie up supply of the metal vital for the shift to electric vehicles. The ...
Army of Japanese, eager to make extra money, rocking global currency markets
Popular tales of "Mrs. Watanabe" — the canny Japanese housewife who dabbles in currency trading in between school runs and shopping — barely begin to tell the story of the nation's retail traders in the foreign exchange market. With almost 800,000 active forex accounts, Japan ...
Annual investments in robots rose to world record $16.5 billion in 2018
Robot shipments are expected to jump 39 percent from 2018 to 2022 from a record annual sales level of $16.5 billion last year, according to the World Robotics report. More than a third of global installations are in China and the top five countries — ...
Sony explains reasons for rejection of plan to spin off semiconductor business
Sony Corp. has clarified why it rejected a proposal by the U.S. hedge fund Third Point LLC that the electronics and entertainment giant spin off its semiconductor business. In June, Third Point announced a $1.5 billion investment in Sony and called on it to split ...
SoftBank's biggest backers rethink role in next Vision Fund after bet on WeWork sours
The biggest backers of SoftBank Group Corp.'s gargantuan Vision Fund are reconsidering how much to commit to its next investment vehicle as an oversized bet on flexible workspace provider WeWork sours. Saudi Arabia's Public Investment Fund, which contributed $45 billion to the $100 billion Vision ...
U.S. investor Rogers issues stark warning over Japan's future
Renowned American investor Jim Rogers warned Thursday of a stark future for Japan if it does not take drastic measures to curb its massive debt and severe population decline. "As far as I can see Japan doesn't have a good future," Rogers said at a ...
