Exclusive-SoftBank’s Arm China Lays Off Workers As Outlook Grim -Sources
SoftBank Group Corp's chip technology firm Arm Ltd's China joint venture laid off 90-95 employees last week to cope with a challenging business outlook this year, according to three sources familiar with the situation. The layoffs come as SoftBank tries to set up a...
Dow Futures Move Higher After indices Retreat, Job Openings slow
U.S. stock futures were trading slightly higher during Tuesday’s evening deals, after the major benchmark indices posted a negative session amid consolidation after JOLTs job openings data fell to a 2-year low. By 6:55pm ET (10:55pm GMT) Dow Jones Futures, S&P 500 Futures and...
Asia FX Dips After Chinese Imports Disappoint, Dollar Rises
Most Asian currencies retreated on Tuesday tracking softer-than-expected Chinese import data, while the dollar firmed ahead of more cues on the U.S. economy from key inflation data due this week. China’s yuan fell 0.1% as data showed China’s imports fell more than expected in...
More Than 2 Million Toyota Users Face Risk of Vehicle Data Leak In Japan
Toyota Motor Corp said on Friday the vehicle data of about 2.15 million users was left publicly available in Japan for about a decade from November 2013 to mid-April. The incident comes as the world’s biggest automaker by sales makes a push into vehicle...
Asian Stocks Rise, Nikkei At 33-Year High On Debt Ceiling Optimism
Most Asian stocks rose on Monday as markets cheered a tentative deal between U.S. lawmakers to hike the debt ceiling and avert a default, with Japan’s Nikkei racing back to near 33-year highs on improved risk appetite. The Nikkei 225 was the best performer...
Asia FX Edges Higher, Korean Won Surges Even As BOK Holds
Most Asian currencies rose on Thursday, recovering a measure of recent losses as the dollar saw some profit taking, with the won appreciating sharply even as the Bank of Korea held interest rates after 18 months of hikes. The South Korean won rose 0.6%...
Asian Stocks Edge Past Weak Economic Signals, Chinese Shares Lag
Most Asian stocks rose slightly on Wednesday as markets weighed worsening economic conditions in the region against the prospect of a pause in the Federal Reserve’s rate hike cycle this month. But China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes lagged their peers,...
Maersk Nears Complete Russia Exit After Selling Logistics Sites
Shipping and logistics group A.P. Moller-Maersk has agreed to sell its two logistics sites in Russia to IG Finance Development Limited, it said on Monday, nearly marking the end of its business activities in the country. The group said the sale of its inland...
Netflix Restructures Film Group As it Scales Back Movie Output – Bloomberg News
Video streaming service Netflix Inc (NASDAQ:NFLX) is restructuring its film group, which will result in layoffs and the departure of two of its most experienced executives, Bloomberg reported on Thursday. As part of the restructuring, Netflix will combine small and midsize picture productions units,...
Price Hikes Propel Danone’s Fourth Quarter Sales Above Estimates
Shares in Danone SA (EPA:DANO) rose on Wednesday after the French food products group reported better-than-expected fourth quarter sales that were fueled by higher prices. Total sales during the three months to the end of December jumped by 12% on a reported basis to...