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Updated: 4 years 21 weeks ago
UPDATE 1-SoftBank Vision Fund head's pay doubled last year despite massive losses
SoftBank Vision Fund's head,
Rajeev Misra, saw his total pay for the past business year more
than double to 1.6 billion yen ($15 million), even as the fund's
underperformance pushed SoftBank to a record $13 billion
operating loss.
Categories: Business News
CEE MARKETS-Polish bank stocks extend losses, reeling from surprise rate cut
Central European stocks eased
amid increasing U.S.-China tensions, with Polish bank shares
extending losses after the central bank unexpectedly cut
interest rates for a third time on Thursday in a bid to help the
coronavirus-hit economy.
The surprise 40-basis-point cut in the key rate to 0.1%
drove down bond yields and Polish bank shares.
However, the zloty held up and was steady at
4.4469 to the euro at 0820 GMT on Friday.
Sto
Categories: Business News
UPDATE 2-Twitter attaches disclaimer to Trump tweet for 'glorifying violence'
Categories: Business News
UPDATE 2-Airbag maker Autoliv expects car industry recovery to be bumpy ride
Autoliv ,
the world's largest maker of airbags and seat belts, said on
Friday it was facing "unprecedented" challenges in the second
quarter after North American and European markets ground to a
halt in April due to the pandemic.
Categories: Business News
Japan backs nearly a third of $6.6 billion loans to Nissan - sources
The Japanese government has
guaranteed almost a third of the 7l3 billion yen ($6.65 billion)
in loans Nissan Motor Co has secured from its main
lenders to weather the COVID-19 pandemic, according to three
people with knowledge of the plans.
Categories: Business News
UPDATE 2-China plans to extend curbs on international flights until June 30 - U.S. embassy
Chinese civil aviation
authorities plan to extend until June 30 their curbs on
international flights to contain the spread of the coronavirus,
the U.S. embassy in Beijing said in a travel advisory on Friday.
Categories: Business News
MORNING BID-U.S.-China tensions overshadow end to rip-roaring May
A look at the day ahead from
Tommy Wilkes, senior markets correspondent, EMEA. The views
expressed are his own.
Categories: Business News
China braces for aluminium import wave as coronavirus recovery upends trade
Categories: Business News
UPDATE 2-Elekta's profit margin tops guidance even as pandemic pain sets in
Categories: Business News
GLOBAL MARKETS-Stocks slip as investors await Trump's Hong Kong response
Global stock markets fell and
safe havens such as bonds and the Japanese yen gained on Friday,
as investors awaited Washington's response to China tightening
control over the city of Hong Kong.
Categories: Business News
UPDATE 1-S.Korea seeks to import anti-viral remdesivir as new coronavirus cases emerge
South Korean health authorities
said on Friday they would request imports of Gilead Sciences
Inc's anti-viral drug remdesivir to treat COVID-19, as
new outbreaks of the disease flare as social distancing
restrictions are eased.
Categories: Business News
UPDATE 2-Coffee maker JDE Peet's valued at $17.3 bln in virtual IPO, shares surge
Shares in coffee maker JDE
Peet's surged almost 13% in their stock market debut
on Friday as investors jumped on one of the few big IPOs
launched during the coronavirus crisis.
Categories: Business News
PRESS DIGEST - Wall Street Journal - May 29
The following are the top stories in the
Wall Street Journal. Reuters has not verified these stories and
does not vouch for their accuracy.
Categories: Business News
Twitter attaches disclaimer to Trump's Minneapolis tweet for 'glorifying violence'
Twitter on Friday said that one
of U.S. President Donald Trump's tweets on Minneapolis protests
had breached its rules about "glorifying violence."
Categories: Business News
European shares step back, Trump's China response awaited
European shares pulled back on Friday as
market participants turned their focus to Washington's response
to the Chinese parliament's approval of a national security law
for Hong Kong, but major indexes were on course to finish May
with solid gains.
Categories: Business News
S.Korea seeks to import anti-viral remdesivir as new virus cases emerge
South Korean health authorities
said on Friday they would request imports of Gilead Sciences
Inc's anti-viral drug remdesivir to treat COVID-19, as
new outbreaks of the disease flare as social distancing
restrictions are eased.
Categories: Business News
Crisis-hit Wall Street checks in to Zandi's "impairment studio"
When Wall Street doesn't know
where the world economy is heading, it books a session at Mark
Zandi's "impairment studio".
Categories: Business News
UPDATE 1-JDE Peet's valued at $17.3 billion in espresso IPO
Coffee maker JDE Peet's
said on Friday its shares were priced at 31.50 euros
each in an initial public offering, valuing the firm at 15.6
billion euros ($17.3 billion), as it became one of the few big
companies to go public during the coronavirus crisis.
Categories: Business News
GLOBAL MARKETS-Stocks slip as markets await Trump's Hong Kong response
Stock markets dipped and
safe-havens such as bonds and Japan's yen firmed on Friday, as
investors awaited Washington's response to China tightening
control over the city of Hong Kong.
Categories: Business News