SoftBank led a $1B investment in U.S. financial technology startup SoFi, calling it the largest single financing round in the fintech space.» Read More
Asia's stock markets bounced back on Tuesday even as Greece inched nearer toward a debt default.
A $20 billion joint venture is the latest sign of fresh investment into Indian renewable energy as New Delhi seeks to aggressively boost output.
TOKYO, June 18- Japan's SoftBank Corp said on Thursday it is setting up a joint venture with Chinese online shopping giant Alibaba and electronics supplier Foxconn Technology to sell its human-like robot Pepper around the world. Foxconn already produces Pepper but a general sale, especially with the involvement of Alibaba, will require greater investment,...
Asian stocks ended mostly higher on Wednesday ahead of central bank meetings in the U.S. and Europe.
Asian stocks declined on Monday on the back of concerns over Greece's debt talks and fresh tightening of margin financing in China.
As mobile gaming popularity surges, some video game startups believe serious gamers are ready to migrate to tablets.
NEW DELHI, June 12- India's leading online taxi-hailing company Ola has won a legal reprieve to operate in New Delhi, prompting U.S.-based rival Uber to file a similar suit on Friday to challenge the rejection of their license applications in the capital city. Transport authorities in New Delhi this month started impounding vehicles contracted to Ola and Uber...
*Rakuten announces public offering through new shares. TOKYO, June 4- Japan's Nikkei share average rose on Thursday morning after U.S. and European shares strengthened, but Rakuten Inc tumbled after announcing plans to issue $1.6 billion in new shares. Treasury yields rose in tandem with their European counterparts as European Central Bank President Mario...
A majority of Asia's stock markets fell on Wednesday, as upbeat economic data in the region failed to boost trading sentiment.
HELSINKI, June 1- Japan's SoftBank Corp said on Monday it has increased its controlling stake in Supercell, the Finnish mobile games maker best-known for its hit title' Clash of Clans'. Last year, Supercell saw its revenue triple to 1.5 billion euros while profit doubled to 515 million euros, making it the world's top-grossing company in the sector.
Asian equities traded mixed on Thursday, with Sydney and Tokyo coming under pressure as their local currencies strengthened against the greenback.
Chinese stocks retreated late Wednesday after a fresh batch of economic indicators came in just shy of expectations.
An MIT grad invented this cloud file-sharing technology that has become a ubiquitous tool used by more than 300 million people worldwide.
Asian shares traded mixed on Tuesday, as investors weighed a raft of earnings and kept an eye on Australia's federal budget and Greece's debt crisis.
SoftBank's plans to tap a foreigner as a potential CEO confirm its ambitions to become a global venture capital firm, according to analysts.
Asian stocks mostly advanced on Monday as China rolled out its third interest rate cut since November.
Banks including Goldman Sachs Group Inc, Citigroup and Morgan Stanley are looking to hire more bankers in India and are now regularly attending "bake-offs" to pitch for advisory roles on deals, according to several banking industry sources. Foreign money has been pouring into India's fast-growing e-commerce sector, with investors ranging from Japan's...
MUMBAI, May 8- Alibaba Group Holding is in talks with India's Micromax Informatics to buy an about 20 percent stake in the smartphone maker, helping the Chinese e-commerce giant expand in one of the world's fastest growing markets for the devices, several people with direct knowledge of the matter said. The deal, if completed, would see Alibaba investing as much as...
BENGALURU, India, May 7- India's biggest e-commerce firm Flipkart will remain private for the next three years at least, its chief financial officer said, nixing speculation that it would launch this year an IPO that some bankers had expected to raise a record $5 billion. The industry attracted $5 billion in 2014 alone, according to Morgan Stanley, from investors...
Asian stocks remained in the doldrums on Thursday, hit by a confluence of factors like a weaker finish on Wall Street overnight.