The SoftBank Corp. logo displayed on a glass door of the company’s store in Tokyo, Japan, on Wednesday, May 8, 2024. SoftBank Group Corp. is scheduled to announce its earnings figures on May 13. Photographer: Toru Hanai/Bloomberg via Getty ImagesToru Hanai | Bloomberg | Getty ImagesJapanese giant SoftBank logged a 608.5 billion yen ($3.96 billion) gain on its Vision Fund tech investment arm in its fiscal second quarter ended Sept. 30, posting a steep quarterly increase after swinging back to black in the three months to June.The broader Vision Fund segment as a whole, which also factors in non-investment performance…
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By Francesco Guarascio HANOI (Reuters) – Foreign companies are expanding capacity in Vietnam for testing and packaging chips while domestic firms are eyeing investments, as a shifting of industrial activity away from China gathers pace due to trade tensions with the West, executives said. The semiconductor back-end manufacturing sector, which is less capital-intensive than more strategic front-end chipmaking in foundries, is currently dominated by China and Taiwan, but Vietnam is among the fastest-growing countries in the $95 billion segment. Hana Micron’s vice president for Vietnam, Cho Hyung Rae, told Reuters the company was expanding in the Southeast Asian country to…
Image source: BT Group plc BT’s (LSE: BT.A) share price has dropped 8% from its 26 September 12-month traded high of £1.52. Much of this came around the time of its H1 results released on 7 November. Were the results that bad? The key message for me from the H1 numbers is that BT can increase its earnings even when revenues drop. Specifically, revenue fell 3% year on year to £10.1bn. However, earnings rose 1%, to £4.1bn. The discrepancy is mainly due to ongoing cost-cutting, which saw £433m gross annualised savings during H1. Looking ahead, Britain’s biggest broadband and mobile…
Cathie Wood’s ARK ETFs have disclosed their daily trades for Monday, November 11th, 2024, revealing a mix of strategic buys and sells across the technology and biotech sectors. Leading the sales was a significant reduction in Unity Software Inc (NYSE:), with ARK divesting a total of 774,455 shares across its ARKK and ARKW ETFs, totaling approximately $15.88 million. This move comes after a series of recent sales in Unity stock by ARK, indicating a potential shift in the fund’s investment strategy regarding the video game software company. On the buying side, ARK’s largest acquisition was in Pacific Biosciences (NASDAQ:) of…
PARIS–(BUSINESS WIRE)–Regulatory News: TotalEnergies (EPA:) SE (the Company) (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces the launch of a tender offer (the Tender Offer) intended to repurchase its €2,500,000,000 Undated Non-Call 10 Year Deeply Subordinated Fixed Rate Resettable Notes with a first call date on 26 February 2025 (ISIN: XS1195202822) issued by the Company on 26 February 2015 (all of which are currently outstanding) and admitted to trading on Euronext (EPA:) Paris (the Notes) for cash up to a maximum aggregate principal amount expected to be equal to the aggregate principal amount of the New Notes (as defined herein) to be issued and…
An Ethereum researcher’s social media post has sparked speculation over a potential solution for the layer-1 blockchain’s scalability challenges.On Nov. 11, Ethereum researcher Justin Drake posted on X that he would announce an “ambitious” initiative for Ethereum. Drake said he had contemplated a “from-scratch” redesign of the Ethereum consensus layer, which some interpret as a step toward solving its scalability issues.Source: Justin DrakeThe researcher said his goal would be to suggest a strategy to ship a Beacon Chain road map. He is expected to share the proposal at Devcon in Bangkok, Thailand, on Nov. 12.Community speculates about ETH 3.0Following Drake’s…
By Asif Shahzad ISLAMABAD (Reuters) -The International Monetary Fund’s Pakistan mission chief Nathan Porter on Tuesday opened unusual talks with Pakistan over a $7 billion bailout approved by its board in September, the finance ministry and sources said. The unscheduled visit of the IMF mission and talks beginning with meeting the country’s finance team are too early for first review of the IMF’s Extended Fund Facility (EFF), which is due in the first quarter of 2025. The chiefs of Pakistan’s central bank and federal board of revenue also attended the meeting besides other officials from both the sides, the statement…
Carbon credits play a key role in global efforts to combat climate change by creating financial incentives for emission reductions. Through mechanisms like Article 6 of the Paris Agreement, countries can cooperate internationally, trading credits to fulfill their climate targets, ultimately driving investments in sustainable practices and technologies. They provide a market-based mechanism to reduce emissions and offset carbon dioxide. What is a Carbon Credit? A carbon credit permits its holder to emit a certain amount of carbon dioxide (CO2) or the equivalent amount of other greenhouse gases. In contrast, one credit typically represents the right to emit one metric ton…
By Kane Wu TOKYO (Reuters) – Carlyle, Warburg Pincus and a host of global investment firms plan to beef up headcount in Japan as deals here surge, but the country’s relatively low number of buyouts for much of the past two decades has made it tough to find people with expertise. Carlyle, which has been investing in Japan for more than two decades, raised $2.8 billion for its fifth and largest Japan buyout fund in May. It wants to add 10 more people to its local 25-strong investment team in the next two years, said Takaomi Tomioka, the firm’s co-head…
HAMILTON, Bermuda, Nov. 12, 2024 /PRNewswire/ — Flex (NASDAQ:) LNG Ltd. (“Flex LNG” or the “Company”) today announced its unaudited financial results for the nine months ended September 30, 2024. Highlights: Vessel operating revenues of $90.5 million for the third quarter 2024, compared to $84.7 million for the second quarter 2024. Net income of $17.4 million and basic earnings per share of $0.32 for the third quarter 2024, compared to net income of $21.8 million and basic earnings per share of $0.41 for the second quarter 2024. Average Time Charter Equivalent (“TCE”) rate of $75,426 per day for the third…