Markets

SoftBank Group Corp said on Friday it planned to slash its exposure to wireless carrier SoftBank Corp in a share sale worth 1.47 trillion yen (US$13.8 billion) at Friday's close, marking an expansion of the conglomerate's asset sales.

SoftBank Group said Friday it will sell shares of its Japan telecoms unit SoftBank Group Corp worth approximately $12.5 billion as it pursues a push to increase cash reserves.

TOKYO: Japanese Prime Minister Shinzo Abe's signature shock-and-awe "Abenomics" stimulus strategy was already faltering even before Friday's (Aug 28) news that he will be stepping down for health reasons. That blunt assessment by many Japan observers underlined the daunting political challenge Abe ...

Taiwanese chip designer Mediatek Inc said on Friday it had applied to the U.S. government for permission to continue supplying China's Huawei after new U.S. curbs take effect in mid-September amid rising China-U.S. tensions.

Amazon.com Inc said on Friday it had ordered 1,800 electric vans from Mercedes-Benz for its European delivery fleet, as part of the online retailer's plans to run a carbon neutral business by 2040.

Independent British firm Tonic Games has delivered the latest feel-good gaming hit, "Fall Guys: Ultimate Knockout", after Sony Corp offered it to subscribers and by tapping the power of streamers and social media.

Britain's Marks & Spencer (M&S) will make the first deliveries through its new online food shopping joint venture on Tuesday, a cornerstone of its latest attempt to turn the company around and offset problems at its pandemic-hit clothing business.

A day after the shooting of Jacob Blake in Kenosha, Wisconsin, searches for the term "Black-owned businesses" began to surge on Google Trends, as social media users called out for suggestions on where to spend their money in a way that supported the Black community.

Funds which buy debt companies are no longer able to repay are getting ready to deploy their large cash piles in Europe, betting the easing of widespread government economic support schemes will lead to a pick-up in corporate restructurings.

U.S. technology giants are increasingly dominating the stock market in the midst of the coronavirus pandemic, even as they draw accusations of unfair business practices, and some investors fear the pump is primed for a tech-fueled sell-off.