SoftBank Group Representative Masayoshi Son speaking at a press conference in Tokyo, Japan. File / Agence France-Presse
Thirty-four creditors of Greensill Capital, the Australian parent of the collapsed British supply chain financier, submitted over A$1.75 billion ($1.35 billion) in claims to the company, administrators said on Friday.
Japanese telecom SoftBank Corp on reported a 15 per cent rise in third-quarter operating profit, beating estimates, underpinned by its mobile business. SoftBank also raised its full-year operating profit forecast to 900 billion yen ($8.19 billion) from 890 billion yen previously.
SoftBank Group Corporation announced on Friday a second Vision Fund aimed at investing in technology firms, saying it has secured pledges totalling about $108 billion from companies including Microsoft and Apple.
Robust earnings from Google-owner Alphabet and Twitter took the S&P 500 and Nasdaq indexes close to record levels on Friday, with data showing the domestic economy slowed lesser than expected in the second quarter providing support.
President Joe Biden tended to both business and security interests on Sunday as he wraps up a three-day visit to South Korea, showcasing Hyundai’s pledge to invest at least $10 billion
The residential property prices in Dubai continued to increase at a steady pace as the sector recorded a year-on-year average increase of around 11.5 per cent in first quarter this year
The Expo Centre Sharjah announced that it has decided to postpone the 3rd edition of the Jewels of Emirates Show due to the country’s 40-day mourning period following the passing of Sheikh Khalifa Bin Zayed Al Nahyan.