Blizzard-hit SoftBank launches buyback after $10 bln Vision Fund loss
SoftBank Group Corp (9984.T) slumped to a quarterly loss on Monday, as its Vision Fund unit took a $10 billion hit from a decline in the share price of its portfolio companies and as China’s regulatory crackdown on tech firms weighed.
Saudi Aramco beats quarterly profit forecast, maintains dividend
State-run oil producer Saudi Aramco (2222.SE) beat analysts’ forecasts on Tuesday with a 30% rise in first-quarter net profit and maintained its dividend payout, helped by strong oil prices. Earnings by global energy companies such as Exxon Mobil (XOM.N) have climbed on the back of rising crude prices, which are up by about a third this year, as fuel […]
