Tag: Business
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“Lacks excitement”: Netflix tumbles 9% as weak earnings forecast deepens doubts over growth
July 17 : Netflix’s shares tumbled 9.2 per cent before the bell on Friday following another weaker-than-expected earnings forecast from the streaming major, deepening doubts about its ability to sustain growth momentum.While the company has gone beyond its traditional subscription-driven model, relying on adv
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7-Eleven owner’s shares jump as Zabka talks burnish Europe expansion push
TOKYO, July 17 : Shares in 7-Eleven owner Seven & i rose nearly 4 per cent in Tokyo on Friday as the firm said it was in talks to buy a stake in Polish convenience store operator Zabka as it seeks new growth drivers after investor pressure over weak earnings.The Japanese retailer is considering acquiring…
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Japan’s ruling party warns about suspected collusion between activist investors and private equity
TOKYO, July 17 : Japan’s ruling party raised concerns on Friday over suspected collusion between activist investors and buyout funds in take-private deals, warning that such arrangements could undermine fairness in capital markets.In draft policy proposals, the Liberal Democratic Party’s project team on corpo
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Japan PM vows to pursue steps to encourage domestic investment by GPIF
TOKYO, July 17 : Japanese Prime Minister Sanae Takaichi said on Friday the government will pursue steps that encourage investment in domestic financial assets by households and state pension funds including Government Pension Investment Fund (GPIF).Under law, investments by state pension funds must be conduct
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EQT raises Kakaku.com offer price to 3,450 yen, topping rival bid
TOKYO, July 17 : European fund EQT on Friday raised its offer for Japanese website operator Kakaku.com to 3,450 yen ($21.25) per share from 3,000 yen, topping a rival offer from a consortium comprising SoftBank subsidiary LY Corp and Bain Capital.The new price values Kakaku.com at about 682 billion yen ($4.20
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Japan’s Nikkei slides into correction zone on tech selloff, Middle East conflict
TOKYO, July 17 : Japan’s Nikkei tumbled into correction territory on Friday, as a global rout in chipmakers and an escalation in the Middle East conflict prompted investors to shun risk assets.The benchmark Nikkei 225 sank 4.03 per cent to close lower at 64,141.12, after falling as much as 6.18 per cent. The
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Shein secures nod from Hong Kong listing committee for IPO, sources say
HONG KONG, July 17 : Shein has won approval from the Hong Kong stock exchange listing committee for an IPO, three people with knowledge of the matter said on Friday, bringing the fast-fashion retailer closer to its much-awaited stock market debut in the Asian financial hub.The IPO would be one of Hong Kong’s
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Network School founder says immigration probe at tech commune is a risk to Malaysia’s tech ambitions
KUALA LUMPUR, July 17 : U.S. investor Balaji Srinivasan said an immigration check at a “digital nomad” community in Malaysia based on anonymous social media claims of law violations that proved unfounded could be a risk to Malaysia’s plans to be a global tech hub.On Wednesday, the Immigration Department said
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Sweden’s Saab posts record orders as fighter jet maker cashes in on higher defense spending
European governments ramp up defense spending and book orders with the region’s companies.
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Seven & i shares jump 3% on Zabka stake talks in Europe push
TOKYO, July 17 : Shares in Seven & i rose 3 per cent in Tokyo on Friday as the Japanese retailer said it was in talks to buy a stake in Polish convenience store operator Zabka Group as it seeks new growth drivers following investor pressure over weak earnings. The 7-Eleven owner is considering acquiring…
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