SoftBank’s Saudi ties unnerve investors as shares drop 8 percent
SoftBank Group Corp saw its shares drop on Monday as fallout from the disappearance of a Saudi journalist spread to the Japanese conglomerate, whose nearly $100 billion Vision Fund is almost half financed by Saudi Arabia.
Asian shares resume decline, Saudi tensions lift oil prices
Asian shares slipped on Monday as worries over Sino-U.S. trade disputes, a possible slowdown in the Chinese economy and higher U.S. borrowing costs tempered optimism despite a rebound in global equities late last week.
Iconic U.S. retailer Sears files for Chapter 11 bankruptcy
Sears Holdings Corp filed for Chapter 11 bankruptcy on Monday, throwing into doubt the future of the century-old retailer that once dominated U.S. malls but has withered in the age of internet shopping.
Exclusive: HNA held talks with Ant, others as it weighs options for IT unit Pactera – sources
China’s HNA Group is exploring an outright sale and other options for its IT outsourcing unit Pactera and has held talks with investors including Ant Financial [ANTFIN.UL], people with knowledge of the situation said.
Bear or bull? Five reasons to claw or thunder
A sharp pullback in stocks last week, including the S&P 500’s biggest single-day drop since a market correction in February, has left investors questioning whether this could signal danger for the longest-ever bull run for U.S. equities.
U.S. retailer Sears files for Chapter 11 bankruptcy
Sears Holdings Corp filed for Chapter 11 bankruptcy on Monday, throwing into doubt the future of the century-old retailer that once dominated U.S. malls but has withered in the age of internet shopping.
Higher U.S. tariffs on Japanese cars less likely, trade war posing risk: Reuters poll
Higher U.S. tariffs on Japanese car exports are less likely now the two nations agreed to start new trade talks, economists said, but most think U.S. trade friction with China and other economies will have a significant impact on Japan.
SoftBank shares fall 5.5 percent as Saudi ties cause concern
SoftBank Group Corp shares tumbled 5.5 percent on Monday, hurt by worries over its ties to Saudi Arabia as well as a broader market sell-off.
Asian shares resume descent, oil prices up on Saudi tensions
Asian shares slipped on Monday as worries over Sino-U.S. trade disputes, a possible slowdown in the Chinese economy and higher U.S. borrowing costs tempered optimism despite a rebound in global equities late last week.
Exclusive: Sears CEO steps in for bankruptcy financing – sources
Sears Holdings Corp CEO Eddie Lampert has stepped in to contribute toward a financing package of between $500 million and $600 million that the U.S. department store operator was close to securing on Sunday to fund operations during bankruptcy proceedi…
