Tokyo

With Alibaba stake cut, SoftBank’s Son cools toward China tech

SoftBank Group Corp's (9984.T) decision to sell down its Alibaba Group Holding (9988.HK), stake for a $34 billion gain may be aimed at…

3 years ago

GLOBAL ECONOMY Factories squeezed by higher prices, weak demand

Factories across Asia and Europe struggled for momentum in July as flagging global demand and China's strict COVID-19 restrictions slowed…

3 years ago

Japan gives Kioxia and Western Digital $680 million to boost memory chip production

Japan's government on Tuesday said it will provide as much as 92.9 billion yen ($680 million) to Kioxia Holdings and…

3 years ago

GLOBAL ECONOMY Global slowdown fears darken as cost of living bites

The global economy looks increasingly likely to be heading into a serious slowdown, just as central banks aggressively reverse ultra-loose…

3 years ago

Toshiba board gains two directors from activist funds in historic shift

Toshiba Corp (6502.T) shareholders voted in two board directors from activist hedge fund investors at its annual general meeting on Tuesday -…

3 years ago

Exclusive: Bidders weigh offers valuing Toshiba at up to $22 billion – sources

Bidders for Toshiba Corp (6502.T) are considering offering up to 7,000 yen ($51.41) per share to take the troubled Japanese conglomerate private,…

3 years ago

Nintendo shares slump 6% on ‘Legend of Zelda’ delay

Nintendo Co (7974.T) shares slumped 6% in Tokyo trading after the Kyoto-based gaming firm said it was pushing back the release of…

4 years ago

Bank of Japan ramps up battle to defend yield cap even as weakening yen raises economic risk

The Bank of Japan kept up its relentless quest to defend a key yield cap by offering to buy unlimited…

4 years ago

Sony to buy ‘Destiny’ videogame developer Bungie in $3.6 bln deal

Sony Interactive Entertainment (6758.T) will acquire Bungie Inc, the original creator of the "Halo" videogame and developer of "Destiny", in a deal…

4 years ago

Stocks lurch lower, bonds jump as virus variant spooks investors

Stocks suffered their sharpest drop in three months in Asia on Friday and oil tumbled after the detection of a…

4 years ago