SoftBank Group Corp is in talks to sell “a significant portion” of its T-Mobile US stake to controlling shareholder Deutsche Telekom AG, the Wall Street Journal reported on Monday, citing unidentified sources.
Total has called off plans to acquire Occidental Petroleum’s assets in Ghana, the French energy company said on Monday.
SoftBank Group Corp on Monday reported a record 1.4 trillion yen ($13 billion) operating loss in the April-March financial year as the value of its tech bets via the $100 billion Vision Fund crumbled.
Asian shares were hauled higher by S&P 500 futures on Monday and oil prices hit a five-week peak as countries’ efforts to re-open their economies stirred hopes the world was nearer to emerging from recession.
U.S. lawmakers and officials are crafting proposals to push American companies to move operations or key suppliers out of China that include tax breaks, new rules, and carefully structured subsidies.
The U.S. auto industry is slowly returning to life, with vehicle assembly plants scheduled to reopen on Monday and suppliers gearing up in support as the sector that employs nearly 1 million people seeks to recover from the coronavirus pandemic.
U.S. gold futures gained 0.8% to $1,770.50. “Markets are pricing in that the (economic) recovery is going to be a little slower than previously expected, and that’s probably going to require an environment of lower rates,” said IG Markets analyst Kyle Rodda, adding that Friday’s “really poor” U.S. economic data was the big catalyst. Data out on Friday showed U.S. retail sales and industrial production both plunged in April, putting the economy on track for its deepest contraction since the Great Depression. …read more […]
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 executives.
Unemployment checks are flowing, $490 billion has been shipped to small businesses, and the U.S. Federal Reserve has put about $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 US stake to controlling shareholder Deutsche Telekom AG, the Wall Street Journal reported on Monday, citing unidentified sources.
As Italy’s already massive public debt soars further due to the coronavirus crisis, its authorities are calling on ordinary citizens to help fund recovery efforts. Italy’s public debt has long been seen as a fault-line for the survival of the euro zone, and analysts say the pandemic is raising fresh questions about the sustainability of Rome’s borrowings. For now, even with a debt which economists see heading towards at least 170% of national output this year, Italy is safe thanks to the European Central Bank’s massive bond purchases, recently expanded under its Pandemic Emergency Purchase Programme (PEPP). …read more […]
Taiwan Semiconductor Manufacturing Co Ltd has stopped new orders from Huawei Technologies [HWT.UL] in response to Washington’s move aimed at further limiting chip supplies to the Chinese company, the Nikkei reported on Monday, citing multiple sources.
SoftBank Group Corp is in talks to sell “a significant portion” of its T-Mobile US stake to controlling shareholder Deutsche Telekom AG , the Wall Street Journal reported on Monday citing unidentified sources.
SoftBank Group Corp is in talks to sell “a significant portion” of its T-Mobile US stake to controlling shareholder Deutsche Telekom AG, the Wall Street Journal reported on Monday, citing unidentified sources. A deal would see Deutsche Telekom’s stake in the carrier, which merged with SoftBank’s wireless unit Sprint last month, rise above 50%, the newspaper reported. It did not say how much of SoftBank’s 24% stake in T-Mobile US the Japanese conglomerate was planning to sell down, nor how much it would raise for it. …read more […]
SoftBank Group Corp is in talks to sell “a significant portion” of its T-Mobile US stake to controlling shareholder Deutsche Telekom AG, the Wall Street Journal reported on Monday citing unidentified sources.
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