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.
A member of Canada’s air-force aerobatics team was killed and the pilot injured in a jet crash during a performance in support of front-line workers fighting the coronavirus pandemic. Photo: Jonathan Hayward/Associated Press …read more […]
May.18 — Izumi Devalier, head of Japan economics at Bank of America, discusses the prospects for the Japanese economy and policies amid the coronavirus outbreak. The economy sank last quarter into a recession that’s likely to deepen further as households limit spending to essentials and companies cut investment, production and hiring to stay afloat. Devalier speaks with Rishaad Salamt and Haslinda Amin on “Bloomberg Markets: Asia.” …read more […]
(Bloomberg) — Gold rose to the highest in more than seven years after the Federal Reserve said stocks and asset prices could suffer a significant hit from coronavirus, and warned the process of economic recovery may stretch through until the end of next year. Palladium surged more than $100 in 20 minutes.Commercial real estate could be among the hardest-hit industries should the health crisis deepen, the U.S. central bank said in its twice-yearly financial stability report Friday. Separately, Chairman Jerome Powell said in an interview with CBS that a full recovery of the U.S. economy could drag through 2021 and …read more […]
May.17 — Phillip Zhong, Asia senior equity analyst at Morningstar Investment Management, discusses China’s property market and when he thinks it will recover from the coronavirus pandemic. He speaks on “Bloomberg Markets: China Open.” …read more […]
May.17 — Jessica Weiss, associate professor of government at Cornell University, discusses what to expect from China’s National Party Congress and how the coronavirus has impacted U.S.-China relations. She speaks on “Bloomberg Markets: China Open.” …read more […]
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.
Japan’s economy is expected to slump significantly due to sluggish overseas demand blamed on the coronavirus pandemic, Economy Minister Yasutoshi Nishimura said on Monday.
Oil prices climbed by more than $1 a barrel on Monday to their highest in more than a month, supported by ongoing output cuts and signs of gradual recovery in fuel demand as more countries ease curbs imposed to stop the coronavirus pandemic spreading.
Asian shares were led 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.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
