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…
Take Five: Bracing for ‘Trump 2.0’
(Reuters) -Donald Trump’s sweep to victory in the U.S. presidential election has ignited the so-called “Trump trade”, with the dollar, crypto and U.S. stocks all surging, as investors assess the global implications of his return to power. Germany is grappling…
Analysis-RBNZ’s unusually long summer break argues for extra insurance on rates
By Stella Qiu (Reuters) – New Zealand’s central bank will be under greater pressure to ease policy aggressively this month as its rate meeting calendar leaves an unusually long three-month gap until its next gathering, arguing for extra insurance against…