Exclusive: SoftBank-backed CloudMinds blocked from exporting U.S. tech to China
SoftBank-backed startup CloudMinds has been blocked from sharing U.S.-origin technology with its China business, documents showed, illustrating how increased U.S. government restrictions are creating new headaches for tech firms and their investors.
Asian shares struggle for traction as Fed cut fails to lift confidence
Asian shares wobbled on Wednesday and bonds held gains, as an emergency rate cut from the U.S. Federal Reserve did little to soothe investor fears over the coronavirus’s widening fallout.
HK’s Bank of East Asia to review assets with Elliott Management
Hong Kong-based Bank of East Asia said on Wednesday it would carry out a comprehensive review of its portfolio of businesses and assets with the support of activist investor Elliott Management.
SoftBank CEO hosts ‘pre-IPO summit’ in New York as he courts investors
SoftBank Group Corp Chief Executive Masayoshi Son held his first “pre-IPO summit” for the Japanese conglomerate’s portfolio companies on Tuesday, introducing them to Wall Street investors who could be backing their stock market debuts.
Fed’s Evans expects virus impacts on economy to be short-lived
The coronavirus outbreak will likely have only a “short-lived imprint” on the U.S. economy, Chicago Federal Reserve bank President Charles Evans said on Tuesday night.
Asian shares poised to slide as surprise Fed cut fails to halt rout
Asian shares were poised to drop on Wednesday and bonds soared, after an emergency rate cut from the U.S. Federal Reserve was unable to quell investor fears over the coronavirus’s widening fallout.
Wall Street prepares as coronavirus gets closer to home
Wall Street stepped up preparations to deal with the impact of the coronavirus on Tuesday, testing backup plans and asking employees to work from home, as a New Yorker tested positive for the virus, bringing the prospect of the spread of the infection …
Nordstrom sales miss, sees 2020 earnings below estimates
Nordstrom Inc forecast a 2020 profit largely below market expectations on Tuesday, after the upscale apparel retailer missed estimates for fourth-quarter revenue, sending its shares down nearly 8% in after-market trading.
Hewlett Packard Enterprise cuts cash flow outlook on coronavirus impact, shares down
Hewlett Packard Enterprise on Tuesday cut its free cash flow forecast for the year citing supply constraints due to the coronavirus outbreak, and reported a lower-than-expected quarterly revenue.
Nordstrom sees 2020 earnings largely below estimates, shares fall 9%
Nordstrom Inc forecast a 2020 profit largely below market expectations on Tuesday, after the upscale apparel retailer missed estimates for fourth-quarter revenue, sending its shares down 9% in after-market trading.
