|Bid||1,410.00 x 0|
|Ask||1,412.50 x 0|
|Day's Range||1,407.00 - 1,414.00|
|52 Week Range||1,176.00 - 1,464.00|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
U.S. President Donald Trump urged Japanese business leaders on Saturday to increase their investment in the United States while he chided Japan for having a "substantial edge" on trade that negotiators were trying to even out in a bilateral deal. Trump arrived in Japan on Saturday for a largely ceremonial state visit meant to showcase strong ties even though trade relations are problematical. In the evening, the Tokyo Sky Tree tower was lit up red, white and blue in Trump's honor.
SINGAPORE/MANILA (Reuters) - Mobile phone retailers in some Asian countries are refusing to accept Huawei devices for trade-ins, as more consumers look to offload their device on worries Google suspending business with the Chinese firm will disrupt services. Google has said it will comply with an order by U.S. President Donald Trump to stop supplying Huawei, meaning current owners of Huawei phones face being cut off from updates of the Android operating system from late August. Against this backdrop, some customers in Singapore and the Philippines have rushed to sell their Huawei phones, according to retailers and online marketplace data.
An overwhelming majority of Japanese firms have no plans to use 5G mobile networks by China's Huawei or other foreign firms, preferring instead to rely on domestic telecom carriers due to security concerns, a Reuters poll showed. The Corporate Survey results come amid Washington's concerns that the Chinese telecom giant's equipment could be used for spying.
WASHINGTON/BEIJING, May 22 (Reuters) - The United States is at least a month from enacting its proposed tariffs on $300 billion in Chinese imports as it studies the impact on American consumers, U.S. Treasury Secretary Steven Mnuchin said on Wednesday. Washington this month hiked existing tariffs on $200 billion in Chinese goods to 25% from 10%, prompting Beijing to retaliate with its own levies on U.S. imports, as talks to end a 10-month trade war between the world's two largest economies stalled.
WASHINGTON/NEW YORK (Reuters) - Concessions by T-Mobile US Inc to win U.S. government approval to buy Sprint Corp will likely lead to higher prices for the poorest Americans, many of whom use prepaid wireless plans, analysts and activists said. The more expensive prepaid plans, used by people who lack the good credit to qualify for a cheaper postpaid plan means low-income users will have less access to the internet for job hunts and job applications, and for children to do homework, activists say. T-Mobile and Sprint said on Monday they would sell Sprint's Boost Mobile business, which sells prepaid plans, and ensure that the divested company has access to a wireless network for six years.
The U.S. Justice Department's antitrust division staff has recommended the agency block T-Mobile US Inc's $26 billion acquisition of smaller rival Sprint Corp, according to two sources familiar with the matter. While Justice Department staff balked at the merger, the Federal Communications Commission indicated on Monday it had reached an agreement in principle with the companies to allow the deal after the companies agreed to sell Sprint's prepaid brand Boost Mobile. The final decision on whether to allow two of the four nationwide wireless carriers to merge now lies with political appointees at the department, headed by antitrust division chief Makan Delrahim.
Huawei said it was confident it could resolve the situation that has seen its chip design partner ARM suspend collaboration after the United States said it could block the Chinese company's access to U.S. technology. "We value our close relationships with our partners, but recognize the pressure some of them are under, as a result of politically motivated decisions," a Huawei spokesman said.
BEIJING/WASHINGTON, May 22 (Reuters) - China must prepare for difficult times as the international situation is increasingly complex, President Xi Jinping said in comments carried by state media on Wednesday, as the U.S.-China trade war took a mounting toll on tech giant Huawei. The world's two largest economies have escalated tariff increases on each other's imports after talks broke down to resolve their dispute, and the acrimony has intensified since Washington last week blacklisted Chinese telecom equipment company Huawei Technologies Co Ltd.
TOKYO (AP) — Two Japanese mobile carriers said Wednesday they are delaying the sale of new smartphones from Huawei as they confirm the safety of the Chinese products.
Japanese telco SoftBank Corp's low-cost mobile brand Ymobile said on Wednesday it would delay the launch of Huawei P30 Lite smartphone, following the imposition of trade restrictions on the Chinese manufacturer by Washington. The smartphone from Huawei Technologies was due to go on sale on Friday but a SoftBank spokesman said the telco wanted to be confident it could sell the product in light of the U.S. restrictions. The U.S. Commerce Department blocked Huawei from buying U.S. goods last week, a major escalation in the trade war between the world's two top economies, saying the firm was involved in activities contrary to national security.
Japan's SoftBank Group Corp announced a stock split while keeping the per-share dividend unchanged for the year, effectively doubling its shareholder payout, as it also reported a $3.8 billion (2.9 billion pounds) valuation gain on its stake in Uber. The news comes at a time when SoftBank and its almost $100 billion (77 billion pounds) Vision Fund stand at a possible inflection point with some of its big tech bets like Uber Technologies headed towards public listings, in what investors and industry experts see as a test of SoftBank's investment strategy. The group is also considering listing the Saudi-backed Vision Fund, which has invested roughly $80 billion in around 80 tech firms, a source told Reuters last week.
Japanese telco SoftBank Corp said on Wednesday it would spend $4 billion (3 billion pounds) to up its stake in Yahoo Japan Corp and turn the internet company into a subsidiary, a move that would help boost its profit by 24 percent this year. The telco said it would buy 456.5 billion yen (3.2 billion pounds) worth of new shares to be issued by Yahoo Japan, increasing SoftBank Corp's stake to 45 percent from 12 percent. With that addition, SoftBank Corp, which listed in December in Japan's largest-ever initial public offering, forecast its operating profit would rise to 890 billion yen in the current financial year through March 2020.
Funding for Cruise comes weeks after T. Rowe Price said https://in.reuters.com/article/tesla-t-rowe-price-grp/tesla-holdings-slashed-by-t-rowe-price-funds-in-latest-cuts-by-investor-idINKCN1RU08S it has sold 92 percent of its stake in Tesla Inc. The latest funding for Cruise includes existing investors General Motors, Japan's SoftBank Vision Fund and Honda Motor Co Ltd, and should give the firm much-needed cash as it aims to launch vehicles by the end of 2019. The additional capital comes at a crucial time as a host of automakers and technology companies weigh how quickly autonomous vehicles can be marketed and sold in large volumes, and find ways to share rising costs for hardware and software development.
The fund was set up in 2017 and has become the world's largest technology investment fund. The company has publicly stated it plans to set up a second investment fund. The senior banking source said Softbank was now talking to banks about helping it raise money, confirming an earlier report in the Wall Street Journal.
Japan's SoftBank will invest $1 billion in Colombian delivery app Rappi, marking the first move by its newly created Innovation Fund for Latin America, according to a statement on Tuesday, confirming earlier media reports. In a statement, Rappi said the proceeds will be used to enhance the company's presence in existing markets and to enter new ones. New products and services are also likely to be created, Rappi said, without providing further details.
WeWork, recently valued at $47 billion (36.4 billion pounds) in a private fundraising round, said its amended IPO registration with the U.S. Securities and Exchange Commission will help it decide if it is sure it wants to become a publicly traded company. "After a lot of thought, last week we decided to file the first amendment to our submission, which is a step towards allowing us to decide to become a public company," Chief Executive Adam Neumann wrote to staff in a memo seen by Reuters. If it completes its IPO in 2019, WeWork is likely to be the biggest company by value to list on the stock market this year after Uber Technologies Inc, which is aiming for a valuation of up to $91 billion when it prices its IPO next week.
State-owned Mubadala Investment Company said it has launched a new $1 billion fund, Abu Dhabi Catalyst Partners, to explore opportunities within the United Arab Emirates and abroad. The new fund will be based in Abu Dhabi Global Market (ADGM), the financial centre of Abu Dhabi, and will make use of Mubadala's networks to originate investment opportunities in the region, Mubadala said in a statement. "The new fund will target opportunities across asset management, speciality finance and financial infrastructure, with investees expected to have a presence in ADGM," it said.
A SoftBank Corp subsidiary said on Wednesday it had invested $125 million in an Alphabet Inc company that is working to fly cellphone antennas high in the atmosphere to provide internet in areas that are difficult to reach. SoftBank's HAPSMobile, which has also been trying to fly networking equipment at high altitudes to provide high-speed internet to areas that are out of range of land towers, said it had invested in Loon, a unit of the Google owner. Loon, spun out from Alphabet's business incubator in July, carries the gear with a long balloon, while HAPSMobile uses a drone.
SoftBank Corp.’s HAPSMobile and Alphabet's Loon have formed a long-term strategic relationship to advance the use of high altitude vehicles, such as balloons and unmanned aircraft systems (UAS), to bring connectivity to more people, places, and things worldwide. As part of the new relationship and HAPSMobile’s financial and investment strategy, HAPSMobile has made a decision to invest $125 million USD in Loon. Loon has obtained the right to invest the same amount in HAPSMobile in the future. Furthermore, to strengthen the relationship, the companies are actively exploring commercial collaborations to accelerate the deployment of high altitude network connectivity solutions, with a focus on expanding mobile internet penetration, enabling internet of things (IoT) applications, and assisting in the deployment of 5G.
SoftBank Corp. (“SoftBank”) today announced the launch of a High Altitude Platform Station (HAPS) business through HAPSMobile Inc. (“HAPSMobile”), a joint venture between SoftBank and US-based company AeroVironment, Inc. With the aim of constructing a HAPS system that delivers telecommunications network connectivity from the sky for a global business, HAPSMobile developed “HAWK30,” an unmanned aircraft for stratospheric telecommunications platform system that flies at altitudes of approximately 20 kilometers.
Didi Mobility Japan, a joint venture (JV) by China's Didi Chuxing and SoftBank Corp, said it would expand its taxi-hailing service to 13 cities across Japan. The app was first rolled out in September in Osaka, a popular destination for Chinese tourists, where it has tied up with 40 taxi firms in an increasingly crowded market for such apps that includes rivals backed by Sony Corp and Toyota Motor Corp. Despite SoftBank's oversized presence in the global ride-hailing industry, such services are effectively banned in Japan, leaving SoftBank portfolio companies like Didi and Uber limited to offering services that match taxis with customers.
Shares in Japan's big telcos jumped on Tuesday after market leader NTT Docomo announced smaller-than-feared price cuts, alleviating concerns about a profit-dampening price war. NTT Docomo shares were up 3.5 percent in early Tokyo trading, with KDDI Corp up 5.6 percent and SoftBank Corp up 2.7 percent. Japan's big three telcos are under government pressure to reduce carrier fees to help stimulate consumer spending in other parts of the economy.
Japan's telcos were formally allocated 5G spectrum by regulators on Wednesday, a major milestone ahead of the launch of high-speed wireless services next spring. The three big carriers - NTT Docomo, KDDI and SoftBank Corp - along with new entrant Rakuten Inc, received spectrum from the telecoms ministry. The technology, which can provide data speeds at least 20 times faster than 4G, is seen as essential for emerging technologies from self-driving cars and smart cities to augmented reality and artificial intelligence.