SoftBank Group Corp. is scrapping an agreement to spend $3 billion (¥322 billion) to buy WeWork stock from former CEO Adam Neumann and other shareholders, despite threats of legal action from some members of the company’s board. SoftBank had agreed to buy the shares from ...
The raging coronavirus pushed Tokyo stocks far lower in their first fiscal 2020 trading Wednesday, with the benchmark Nikkei average surrendering over 1,000 points at one point. The Nikkei average of 225 selected issues listed on the first section of the Tokyo Stock Exchange closed ...
Dai-ichi Life Holdings Inc. on Wednesday sharply revised down its group net profit projection for the year that ended Tuesday due to the financial market turmoil stemming from the COVID-19 pandemic. The major Japanese life insurer now expects a net profit of ¥17 billion, more ...
Tokyo stocks ended lower Tuesday after struggling for direction, with investors taking heart from some positive news but failing to shift their vigilant eyes from the coronavirus pandemic. The Nikkei 225 average closed 167.96 points, or 0.88 percent, lower at 18,917.01. On Monday, it plunged ...
WeWork’s imperiled $3 billion stock sale would mostly benefit five investors
In a deal that’s currently at risk of falling apart, a handful of investors would be the main beneficiaries of SoftBank Group Corp.’s plan to buy $3 billion of WeWork stock, according to a person familiar with the matter. As part of the agreement, scheduled ...
Tokyo stocks fell Monday, with the benchmark Nikkei sinking over 800 points at one point as a sharp rise in coronavirus infections in Tokyo stoked fears that the metropolitan government may halt economic activities in the capital to prevent a further escalation of the ...
SoftBank shares tumble 10% after OneWeb files for bankruptcy
SoftBank Group Corp. fell as much as 10 percent after a provider of satellite-based internet service that it invested in filed for bankruptcy, ceding some gains from an unprecedented plan to sell assets and buy back shares. OneWeb made the filing late Friday U.S. time ...
Nomura's new CEO faces tough initiation juggling overhaul and virus
It was supposed to be a smooth transition for Nomura Holdings Inc.'s new boss. Then the coronavirus struck. Thanks to the pandemic, Kentaro Okuda, 56, takes the reins of Japan's biggest brokerage on Wednesday with the prospect of deals drying up as bankers keep away ...
Nikkei makes 724-point leap to 19,389 after Wall Street rebound
Tokyo stocks bounced back sharply Friday as investors cheered an overnight surge on Wall Street despite persistent fears about the new coronavirus. The Nikkei average of 225 selected issues listed on the first section of the Tokyo Stock Exchange advanced 724.83 points, or 3.88 percent, ...
Nikkei slides back through 19,000 line again as pandemic hits earnings
Tokyo stocks took a beating on Thursday as profit-taking and concerns about the coronavirus pandemic sent the benchmark Nikkei average tumbling through the 19,000 line. The Nikkei average of 225 selected issues listed on the first section of the Tokyo Stock Exchange plunged 882.03 points, ...
Japan Display Inc. shareholders have signed off on a bailout plan involving a capital injection from a private Japanese fund to erase its negative net worth so the company can turn itself around. Under the bailout plan, which was approved Wednesday at an extraordinary shareholders ...
Tokyo stocks extended gains steeply on Wednesday following an overnight surge on Wall Street, with the benchmark Nikkei average shooting up more than 1,400 points to end above the 19,000 line for the first time in two weeks. The Nikkei average of 225 selected issues ...
