Thailand approves soft loans worth $1.58 billion to boost property market
BANGKOK (Reuters) – Thailand’s cabinet approved soft loans worth 55 billion baht ($1.58 billion) to boost the property sector, a deputy finance minister said on Tuesday. The loans are for buying, decorating, repairing and building houses, Paopoom Rojanasakul said. ($1…
Bayer cuts FY operating earnings outlook on weak agriculture markets
FRANKFURT (Reuters) – Bayer (OTC:BAYRY) on Tuesday lowered its full-year operating earnings guidance, citing weaker agricultural markets in Latin America. The German group said it now expects to generate earnings before interest, taxes, depreciation and amortisation (EBITDA), adjusted for special…
Nissan shares jump 21% after activist Effissimo takes stake
By Kantaro Komiya TOKYO (Reuters) -Nissan Motor shares jumped as much as almost 21% on Tuesday after a filing showed activist investor Effissimo Capital Management had taken a stake in the struggling Japanese automaker. In a regulatory filing on Monday,…
SoftBank back to quarterly profit with $7.7 billion gain
TOKYO (Reuters) – Japan’s SoftBank (TYO:9984) Group swung to a 1.18 trillion yen ($7.7 billion) net profit in the three months to September, as the tech giant benefitted from higher share prices of listed companies in its Vision Fund investment…
Japan stocks lower at close of trade; Nikkei 225 down 0.48%
Investing.com – Japan stocks were lower after the close on Tuesday, as losses in the Transportation Equipment, Shipbuilding and Trading sectors led shares lower. At the close in Tokyo, the Nikkei 225 declined 0.48%. The best performers of the session…
Softbank Group Q2 profit beats expectations on IPOs, yen strength
Investing.com– Japanese technology conglomerate SoftBank Group Corp. (TYO:9984) clocked a stronger-than-expected quarterly profit on Tuesday, aided by the successful listing of some of its portfolio stocks and by resilience in the yen. SoftBank’s net profit surged to 1.18 trillion yen…