Apple Inc supplier Japan Display Inc said it aims to clinch a deal for least 50 billion yen ($468 million) in vital funding by the end of the month, having had to scramble after a Chinese investor group suddenly pulled out of a bailout plan.
Apple Inc supplier Japan Display Inc said it aims to clinch a deal for least 50 billion yen ($468 million) in vital funding by the end of the month, having had to scramble after a Chinese investor group suddenly pulled out of a bailout plan. New Chief Executive Minoru Kikuoka told Reuters in an interview that liquid crystal display (LCD) screens are drawing renewed market interest, pointing to solid demand for affordable smartphones with low-cost screens. Japan Display has said Hong Kong-based Oasis Management still plans to contribute $150-180 million, while a major Japan Display client, which sources …read more […]
Tesco’s financial arm confirmed on Monday that it has appointed John Kingman, the businessman who oversaw Britain’s bailout of its banks in the financial crisis, to its board as a non-executive director.
(Bloomberg) — Oyo Hotels and Homes is raising $1.5 billion from founder Ritesh Agarwal, SoftBank Group Corp. and other investors as the India lodging startup expands into foreign markets such as the U.S. and Europe.Agarwal, 25, will spend $700 million to buy new shares in the company as part of a previously reported $2 billion plan to triple his ownership stake. Existing investors SoftBank’s Vision Fund, Lightspeed Venture Partners and Sequoia India will contribute the rest of the current round.Agarwal, who founded Oyo in 2013, has built it into India’s second-most valuable startup with a valuation of about $10 billion. …read more […]
Tesco’s financial arm confirmed on Monday that it has appointed John Kingman, the businessman who oversaw Britain’s bailout of its banks in the financial crisis, to its board as a non-executive director.
(Bloomberg Opinion) — Mario Draghi, the departing head of the European Central Bank, has been buffing up his “savior of the euro” image in a swansong series of interviews. But not everyone is standing up to applaud.Echoing many of his less-than-impressed fellow Germans, the chief executive officer of insurer Allianz SE laid into both the ECB and Draghi last week. “The politicians and the regulators have told us they fixed the banking system and insurance system in terms of this negative spiral of financial sector risk morphing into sovereign risk and [looping] back,” Oliver Baete said. “It is the biggest …read more […]
Apple Inc supplier Japan Display Inc aims to seal a revised bailout deal by the end of this month for at least 50 billion yen ($468 million) in vital funding, its new chief executive said on Monday.
Apple Inc supplier Japan Display Inc said it aims to clinch a deal for least 50 billion yen ($468 million) in vital funding by the end of the month, having had to scramble after a Chinese investor group suddenly pulled out of a bailout plan. New Chief Executive Minoru Kikuoka told Reuters in an interview that liquid crystal display (LCD) screens are drawing renewed market interest, pointing to solid demand for affordable smartphones with low-cost screens. “We are close to 50 billion and I believe we can cement the deal this month,” said Kikuoka, who took …read more […]
(This October 6 story has been refilled to correct “until February” to “until further notice” in headline and “new court date” to “court status conference” in paragraphs 1 & 6)
Japanese government bonds firmed on Monday as investors turned cautious about the outcome of Sino-U.S. trade talks after a report that Chinese officials signalled they were increasingly reluctant to agree to a broad deal with the United States. The Bank of Japan did not reduce the amount of its JGB purchase in its operation on Monday, in which it bought 1-3, 3-5, 10-25 and 25-40 year bonds. Some market players had speculated the central bank could reduce the size of its buying in long-dated bonds as BOJ Governor Haruhiko Kuroda has made it clear since last month that …read more […]
In an open letter to “NBA fans” posted on his personal Facebook page, Tsai wrote that he felt the need to speak about the issue as someone who had spent his professional life in China. “Supporting a separatist movement in a Chinese territory is one of those third-rail issues, not only for the Chinese government, but also for citizens of China,” he wrote. …read more […]
(Bloomberg) — SoftBank Group Corp.’s Masayoshi Son says he is unhappy with how far short his accomplishments to date have fallen of his goals.“The results still have a long way to go and that makes me embarrassed and impatient,” Son said in an interview with Nikkei Business. “I used to envy the scale of the markets in the U.S. and China, but now you see red-hot growth companies coming out of small markets like in Southeast Asia. There is just no excuse for entrepreneurs in Japan, myself included.”Son built a $13.8 billion personal fortune by transforming SoftBank into a global …read more […]
Asian shares edged higher on Monday after data showed the U.S. unemployment rate dropped to the lowest in almost 50 years, easing concerns of a slowdown in the world’s largest economy.
Asian shares edged higher on Monday after data showed the U.S. unemployment rate dropped to the lowest in almost 50 years, easing concerns of a slowdown in the world’s largest economy. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.16%. Japan’s Nikkei stock index opened higher but reversed course and fell 0.2%. …read more […]
U.S. President Donald Trump has called his new trade deal with Japan a “phenomenal” victory for U.S. farmers.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
