Japanese technology investor SoftBank Group is expected to slip back into the red when it reports earnings on Monday despite technology stocks including Arm Holdings, its core asset, performing well over the quarter. Analysts and investors are also eagerly awaiting clues about new growth investments as SoftBank has ample liquidity and can monetise its huge holding in Arm. The share price of Britain-based Arm, in which SoftBank has a 90% stake, roughly doubled in February after strong earnings results stoked investor excitement over Arm's anticipated gains from the adoption of generative artificial intelligence (AI), but Arm's share price does not feed into SoftBank's profit as it is a wholly-owned subsidiary.
TOKYO (AP) — Sega Sammy is selling its resort complex Seagaia to Fortress Investment Group of the U.S., the Japanese entertainment company said Friday. Tokyo-based Sega Sammy Holdings, the company behind the “Sonic the Hedgehog” video games, said it will sell all its shares in Phoenix Resort Co., which operates Seagaia in Miyazaki, southwestern Japan. Financial terms of the deal were not disclosed. The move, approved by the Sega Sammy board of directors, will result in a gain of about 8.5 billio
(Bloomberg) -- The People’s Bank of China will likely buy and sell government bonds — not as a move toward quantitative easing, but to shake off a reliance on banks for funneling cash to the financial system, according to Australia & New Zealand Banking Group. Most Read from Bloomberg‘Seriously Underwater’ Home Mortgages Tick Up Across the USApple Apologizes for iPad Pro Ad, Scraps Plan to Air It on TVMarjorie Taylor Greene Finally Got What She Deserved: DefeatMicrosoft’s Xbox Is Planning More C
(Bloomberg) -- Shares in Asia rose Friday after an upbeat day on Wall Street following jobs data that supported the case for US interest-rate cuts.Most Read from Bloomberg‘Seriously Underwater’ Home Mortgages Tick Up Across the USApple Apologizes for iPad Pro Ad, Scraps Plan to Air It on TVMarjorie Taylor Greene Finally Got What She Deserved: DefeatMicrosoft’s Xbox Is Planning More Cuts After Studio ClosingsThe MSCI Asia Pacific Index rose 0.7% as Hong Kong’s benchmark index reached its highest
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