SoftBank’s losses narrow in 2022
Daily NewsSoftBank reported a loss of $7.2 billion in fiscal 2022. Thus, the company reported a loss for the second year in a row, and its loss decreased by 43 percent comp...
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SoftBank reported a loss of $7.2 billion in fiscal 2022. Thus, the company reported a loss for the second year in a row, and its loss decreased by 43 percent comp...
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The People's Bank of China has kept the benchmark medium-term credit facility (MLF) interest rate unchanged. The People's Bank of China has kept the interest rate...
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Asian stock markets were mixed after worries about the U.S. debt ceiling and two of the three major U.S. indexes posted second straight losses. Asia-Pacific marke...
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Oil prices fell for a fourth day as concerns about the U.S. economy and China’s slower-than-expected recovery weighed on the outlook. U.S. crude fell below $70 a ...
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Fitch Ratings, an international credit rating agency, stated that the path to resolving the debt limit impasse in the US remains unclear, and reported that an inc...
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An application was made to the Capital Markets Board (SPK) regarding the merger of Ülker Bisküvi Sanayi AŞ with Ülker Çikolata ve Biskot Bisküvi through takeover....
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The revenues of American technology companies Microsoft and Alphabet, the parent company of Google, increased in the January-March period. Microsoft, which accept...
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Asia-Pacific markets were mixed on Wednesday after banking concerns reignited on Wall Street. Shares in First Republic Bank tumbled more than 49% after the region...
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South Korea-based automaker Hyundai announced that they plan to establish a $5 billion electric vehicle battery factory in the US with SK On. In a statement made ...
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The Central Bank of the Republic of Turkey has announced that it has changed the implementation instructions regarding securities facilities and decided that cash...
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Binance’s US-based platform Binance US has canceled a $1.3 billion deal for assets of Voyager Digital Cryptocurrency exchange Binance.US, the US subsidiary of cry...
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In a statement made by the United Nations, it was stated that Turkey was thanked for the efforts it made for the Black Sea Grain Initiative and that the food prod...
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Oil rose, offsetting some of Tuesday’s decline on concerns about the outlook for the global economy. U.S. crude traded above $77 a barrel after falling 2.2 percen...
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The Fed has published the May 2023 issue of its Supervision and Regulation Report. The Fed noted in the report that recent bank failures revealed that the distrib...
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First Republic Bank is considering divesting $50 billion to $100 billion in assets as it tries to extricate itself from the turmoil that gripped the sector last m...
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US Treasury Secretary Janet Yellen reiterated her warning that the US could face a cash crunch by June 1 if the debt limit impasse is not resolved. US Treasury Se...
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The US administration announced that it will purchase up to 3 million barrels of crude oil for its strategic petroleum reserve to be delivered in August. The US, ...
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Asia-Pacific markets were mixed as investors weighed key economic data from China, which missed estimates despite market expectations of a broader recovery. Retai...
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China’s industrial production accelerated to its highest level since September 2022 in April, but fell short of expectations. Industrial production in April rose ...
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Oil rose as the U.S. began searching for crude to fill its strategic reserves, but concerns about China’s economic recovery are growing. U.S. crude closed 1.5% hi...
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The EBRD has lowered its growth forecast for Turkey this year from 3 percent to 2.5 percent. The European Bank for Reconstruction and Development (EBRD) has lower...
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