SoftBank Group Corp on Monday reported a record 1.4 trillion yen (US$13 billion) operating loss in the April-March financial year as the value of its tech bets via the US$100 billion Vision Fund crumbled.
Total has called off plans to acquire Occidental Petroleum's assets in Ghana, the French energy company said on Monday.
Taiwan Semiconductor Manufacturing Co Ltd has stopped new orders from Huawei Technologies in response to Washington's move aimed at further limiting chip supplies to the Chinese company, the Nikkei reported on Monday, citing multiple sources.
Europe's top oil and gas companies have diverted a larger share of their cash to green energy projects since the coronavirus outbreak in a bet the global health crisis will leave a long-term dent in fossil fuel demand, according to a Reuters review of company statements and interviews with...
Unemployment checks are flowing, US$490 billion has been shipped to small businesses, and the U.S. Federal Reserve has put about US$2.5 trillion and counting behind domestic and global markets.
SoftBank Group Corp is in talks to sell "a significant portion" of its T-Mobile U.S. stake to controlling shareholder Deutsche Telekom AG , the Wall Street Journal reported on Monday citing unidentified sources.
Subaru Corp on Monday posted a 15.7per cent rise in annual operating profit in the year that ended in March as it recovered from production delays and product recalls last year, but warned of uncertainties from the coronavirus outbreak this year.
SoftBank Group Corp said on Monday that Alibaba co-founder Jack Ma will resign from its board, in the latest departure by a high-profile ally of CEO Masayoshi Son.
Japan's economy slipped into recession for the first time in 4-1/2 years, putting the nation on course for its deepest postwar slump as the coronavirus crisis ravages businesses and consumers.
The president of General Motors Co's Mexican unit advised suppliers to prepare to resume operations after the Mexican government said the automotive industry could exit the coronavirus lockdown before June 1 with adequate safety measures.
