Tag: fast
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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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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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India’s Tech Mahindra gains as strong deal wins lift growth outlook
July 17 : Shares of India’s Tech Mahindra rose as much as 3.5 per cent on Friday after the IT services firm posted better-than-expected quarterly revenue, with analysts saying strong deal wins and margin improvement could make it one of the fastest growing companies among its peers.The stock was last up 1.8 p
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Japan June core inflation seen at 1.6% on elevated energy prices: Reuters poll
TOKYO, July 17 : Japan’s core consumer inflation probably picked up in June from the previous month due to elevated energy prices, as well as technical factors including revisions to medical service fees, a Reuters poll showed on Friday.With price pressures from the Middle East conflict not expected to abate
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New Zealand batting coach Ronchi to quit after India series, join Melbourne Renegades
July 17 : New Zealand batting coach Luke Ronchi will step down after the home series against India later this year to become head coach of the Melbourne Renegades in Australia’s Big Bash League, New Zealand Cricket said on Friday.Former wicketkeeper Ronchi, who ended his international career with New Zealand
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India back Rohit amid retirement speculation
LONDON, July 17 : India team management has thrown its weight behind struggling opener Rohit Sharma amid speculation back home that Sunday’s third one-day international against England at Lord’s could be his last.The 39-year-old managed a laboured 26 off 47 balls on Thursday as England won the second match i
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Analysis:Among AI crowd, some investors position for slower hyperscaler spending growth
MILAN, July 17 : The parabolic rally in AI chipmakers has run into turbulence amid concern about valuations and the sustainability of their bumper revenues, with some investors quietly positioning for a slowdown in the near-trillion dollar spending boom that could provide a boon to the hyperscalers footing the bill.
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