TOKYO (Reuters) – SoftBank Group Corp on Monday said it spent 398 billion yen ($3.8 billion) buying back 63.2 million shares between July 1 and Aug. 3, part of a repurchase programme that has helped lift its share price to two decade highs. The latest purchase... More »
BOSTON (Reuters) – Leaf Group said in a regulatory filing on Wednesday that one of its board members resigned and another was removed from the audit committee because he is ineligible to serve on it. The move comes just days after an investor group, which owns... More »
(Reuters) – Japan’s Sosei Group Corp will collaborate with AbbVie Inc on a drug discovery partnership that could be worth up to $1 billion. Sosei shares soared 12.4% in Tokyo trading, compared with a 1.2% slide in the broader market. The partnership will initi... More »
(Reuters) – J. Crew Group Inc filed for bankruptcy protection on Monday with a plan to hand over control to lenders, adding to a list of brick-and-mortar retailers pushed to the brink by widespread store closures in response to the COVID-19 pandemic. The New Y... More »
(Reuters) – Moderna Inc and Swiss contract drugmaker Lonza Group AG said on Friday they would accelerate the manufacturing of the U.S. drug developer’s potential coronavirus vaccine. The announcement comes at a time when drugmakers are pausing clinical trials ... More »
TOKYO (Reuters) – SoftBank Group Corp founder and CEO Masayoshi Son on Friday began polling his Twitter followers over whether a state of emergency should be declared, as the number of people in Tokyo infected with the coronavirus continues to rise. Son also d... More »
KUALA LUMPUR (Reuters) – AirAsia Group Bhd (AIRA.KL) said on Friday an independent probe into corruption allegations from Britain’s Serious Fraud Office (SFO) has found the Malaysian airline’s procurement process with European planemaker Airbus SE (AIR.PA) rob... More »
BEIJING/SHANGHAI (Reuters) – Shares in HNA Group-controlled companies rose on Monday after the Chinese aviation and tourism conglomerate said it had asked the government to help it resolve liquidity risk caused by the coronavirus outbreak which has put heavy p... More »
(Reuters) – British nanotechnology company Nanoco said on Monday it has filed a patent infringement lawsuit against Samsung Electronics Co and affiliates in a district court in Texas relating to quantum dots. Nanoco, which produces quantum dots that are used t... More »
TOKYO (Reuters) – Japan’s SoftBank Group (9984.T) is expected to post a slide in profits for the past quarter, deepening concern about its ability to secure funding for a second Vision Fund and giving activist fund Elliott Management more fodder for a shake-up... More »
(Reuters) – U.S. private equity firm Blackstone Group Inc (BX.N) has secured $3.4 billion from investors for its first fund dedicated to investments in the life sciences sector, targeting $4.6 billion in total, a regulatory filing showed on Thursday. At its ta... More »
SEOUL (Reuters) – South Korea’s Samsung Group, whose leader faces trials over a bribery scandal involving former president Park Geun-hye, has appointed external experts to a new oversight panel to stamp out criminal conduct, the chief of the committee said on ... More »
TOKYO (Reuters) – SoftBank Group Corp’s talks to secure $3 billion from Japan’s three biggest banks have stalled as the lenders have hit internal lending limits to the firm, two people said, complicating a $9.5 billion rescue package for WeWork. The Japanese t... More »
NEW YORK/BANGALORE (Reuters) – SoftBank Group Corp (9984.T) will this week launch a previously agreed tender offer for as much as $3 billion of WeWork shares, including up to $970 million owned by the office sharing company’s cofounder Adam Neumann, two people... More »
JOHANNESBURG (Reuters) – South Africa’s MTN Group (MTNJ.J) has signed an expanded roaming and services agreement with the country’s third-biggest carrier Cell C, MTN said on Monday, pushing shares in rival Telkom (TKGJ.J) down more than 5%. The deal puts a dam... More »
(Reuters) – Blackstone Group Inc (BX.N) is taking a majority stake in MagicLab, the parent company of dating app “Bumble” and “Badoo”, valuing the company at about $3 billion, the private equity firm said in a statement on Friday. Following the deal, Andrey An... More »
(Reuters) – The killing of Islamic State leader Abu Bakr al-Baghdadi in a U.S. raid is a further blow to a jihadist group that once held a swathe of territory in Iraq and Syria, experts said, but the organization and its ideology remain dangerous. Where once t... More »
HONG KONG (Reuters) – UBS (UBSG.S) will cut up to 30 jobs in the major centres of Hong Kong, Singapore, Sydney and Tokyo after combining its global markets and banking businesses, a person with knowledge of the matter said. The job cuts at the Swiss bank start... More »
TOKYO (Reuters) – SoftBank Group (9984.T) CEO Masayoshi Son said is “embarrassed and flustered” by his track record, in comments to Nikkei Business magazine. “When I look at the growth of U.S. and Chinese companies, I feel strongly it’s not good enough,” Son s... More »
LONDON (Reuters) – Pepco Group, a European discount retailer, has appointed former Tesco (TSCO.L) executive Trevor Masters as managing director of its largest business PEPCO. The group, formerly called Pepkor Europe and part of South Africa’s Steinhoff (SNHJ.J... More »
(Reuters) – U.S. private equity firm Blackstone Group Inc said on Wednesday it has raised the largest ever real estate fund, amassing $20.5 billion to be invested in property assets around the world. Large buyout firms such as Blackstone have been attracting a... More »
ZURICH (Reuters) – Switzerland’s biggest bank UBS on Thursday appointed former Credit Suisse manager Iqbal Khan to co-lead its flagship wealth management business, as part of a broader shake-up of its executive board. The appointment of Khan alongside two inte... More »
ZURICH (Reuters) – UBS has least three candidates from inside the biggest Swiss bank who could eventually step into the CEO role, Chief Executive Sergio Ermotti said in a newspaper interview on Thursday on the heels of a big management reshuffle. “We have at l... More »
LAUSANNE, Switzerland (Reuters) – Switzerland’s supreme court on Friday voted in favor of handing over historical data on over 40,000 UBS clients to French authorities in a landmark ruling. Three of the five judges voted in favor of overthrowing the lower cour... More »
ZURICH (Reuters) – UBS Group (UBSG.S) has created a private capital markets team to help wealth management clients invest in the burgeoning sector, the Swiss bank said on Wednesday. The new team will focus on transactions and investments including last-stage f... More »
BOSTON (Reuters) – Brothers Toby and Derek Rice are on course to win control of EQT Corp’s board of directors two years after having sold their own company, Rice Energy, to the natural gas producer, people familiar with the matter said on Tuesday. Enough votes... More »
TOKYO (Reuters) – Most investors in SoftBank Group Corp’s $100 billion Vision Fund want to join the group’s forthcoming second fund, and discussions with those investors will begin soon, SoftBank founder and Chief Executive Masayoshi Son said on Wednesday. The... More »
ZURICH/TOKYO (Reuters) – UBS signed a joint venture deal with Sumitomo Mitsui Trust on Friday, aiming to crack a Japanese wealth management market where it has struggled to grow over the last 15 years. The deal, signed by the banks’ CEOs in Zurich, will create... More »
ZURICH (Reuters) – Investment banking conditions have improved over recent months but remains “very fragile,” UBS Chief Executive Sergio Ermotti said on Thursday, adding the Swiss lender’s own business was performing in line with the industry. “In March we sta... More »
ZURICH (Reuters) – A New York appeals court has dismissed a U.S. whistleblower’s $20 million libel suit against Swiss bank UBS, his former employer, concluding that statements the Zurich-based bank made about him were at least “substantially true”. Court docum... More »
(Reuters) – Financing group Greensill Capital on Monday confirmed SoftBank Group Corp’s Vision Fund has invested $800 million in the British company, a vote of confidence in the UK finance sector that has been navigating Brexit challenges. Greensill, which pro... More »
BEVERLY HILLS, Calif. (Reuters) – An activist hedge fund on Tuesday nominated five directors and urged insurance company Argo Group International Holdings Ltd to cut $100 million in expenses, including corporate jets and housing for its chief executive. Voce C... More »
SINGAPORE (Reuters) – SoftBank Group Corp (9984.T) is nearing a deal to invest $1.5 billion in Grab, three times a previously expected $500 million, as Southeast Asia’s biggest ride-hailing firm looks to expand, a person with knowledge of the matter said. Six-... More »
BRUSSELS (Reuters) – U.S. private equity firm Blackstone Group (BX.N) has secured EU antitrust approval to acquire a majority stake in Thomson Reuters’ (TRI.TO) Financial and Risk unit, the European Commission said on Monday. The EU enforcer said it did not se... More »
TOKYO (Reuters) – SoftBank Group (9984.T) is increasing its stake in Yahoo Japan (4689.T) through a $2 billion, three-way deal with U.S. firm Altaba (AABA.O) to deepen ties with the internet heavyweight ahead of an IPO of its telecoms unit. The transaction, wi... More »
LONDON (Reuters) – The head of Airbus (AIR.PA) warned the British government on Friday that in a worst-case scenario Brexit could result in production at its factories stopping and aircraft being grounded. Companies have become increasingly vocal about the ris... More »
JAKARTA (Reuters) – Indonesian conglomerate Lippo Group said on Tuesday it had invested 628 billion rupiah ($44.35 million) in Chinese internet giant Tencent Holdings Ltd through shares and equity-linked notes. Lippo said in a statement that the investment wou... More »
MUNICH (Reuters) – European broadcaster RTL said it was open to cooperation in TV streaming after competitor ProSiebenSat.1 and Discovery Inc announced plans to build a joint German platform. “We are fundamentally open to cooperation and alliances if they fit ... More »
NEW YORK (Reuters) – Alternative asset manager Blackstone Group LP (BX.N) is still open to doing deals in Italy despite political turmoil in the euro zone country, President and Chief Operating Officer Jon Gray said on Wednesday. “Sure. It’s a function of pric... More »
(Reuters) – U.S. prosecutors cracking down on deceptive mortgage bond trading practices on Thursday suffered dual losses as a federal appeals court overturned an ex-Jefferies Group[JGLL.UL] trader’s conviction and a jury acquitted a former Cantor Fitzgerald [C... More »
(Refiles April 19 story to clarify description of northern European markets with looser cross-border regulations) By Brenna Hughes Neghaiwi and Angelika Gruber ZURICH (Reuters) – UBS will centralize its European cross-border wealth management business and run ... More »
PARIS (Reuters) – Private equity firm Permira PERM.UL said on Friday it had agreed to buy a majority stake in Exclusive Group, in a deal that secures substantial funding for the future development of the French cyber security group. A source close to the matte... More »
BOSTON (Reuters) – Proxy advisor Institutional Shareholder Services on Friday recommended investors vote against a stock plan for employees at Goldman Sachs Group Inc, concerned about its costs and the bank’s heavy use of stock-based compensation. In a report ... More »
LONDON (Reuters) – U.S. exchange operator CME Group has made a $5.5 billion offer to buy NEX Group to create a cross-border powerhouse for investors trading in the multi-trillion dollar foreign exchange and government debt markets. Shareholders in NEX, a finan... More »
UBS has told staff that it is "business as normal", after the Swiss bank revealed on Friday it is fighting an 18-month suspension in Hong Kong from leading initial public offerings (IPOs). More »
The logo of Swiss bank UBS is seen at a branch office in Zurich, Switzerland January 22, 2018. REUTERS/Arnd Wiegmann ZURICH (Reuters) – UBS’s investment banking business in the United States is doing well but lags its boss’s ambitions, he said on Friday. “In o... More »
A logo of Fujitsu Ltd. is pictured at the CEATEC JAPAN 2017 (Combined Exhibition of Advanced Technologies) at the Makuhari Messe in Chiba, Japan, October 2, 2017. REUTERS/Toru Hanai (Reuters) – Japan’s Fujitsu Ltd said on Friday it was in talks about selling i... More »
FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo TOKYO (Reuters) – SoftBank Group Corp (9984.T) said on Monday it was considering listing its Japanese wirel... More »
FILE PHOTO – A Lenovo logo is seen on a computer in Kiev, Ukraine April 21, 2016. REUTERS/Gleb Garanich/File Photo HONG KONG (Reuters) – Lenovo Group Ltd said on Wednesday it expected to make a one-off charge of $400 million for nine months ended in December d... More »
(Reuters) – Facebook Inc and Universal Music Group on Thursday announced a global agreement that will enable users to upload videos featuring music from Universal’s library across the social media network as well as Instagram and Oculus. Through the agreement,... More »
ABU DHABI (Reuters) – Abu Dhabi’s state investor, Mubadala [MUDEV.UL], has made 15 to 16 investments in Silicon Valley as part of a partnership with Softbank Group, deputy group CEO, Waleed al-Muhairi, told a conference in Abu Dhabi. Mubadala has committed $15... More »
BOSTON (Reuters) – The rush of money into big index funds has raised concerns about whether they would still prove attractive in a downturn, an issue taking on more importance especially for industry leader Vanguard Group Inc as its passive products soar in sc... More »
China's HNA Group Co Ltd [HNAIRC.UL] plans to invest 50 billion yuan ($7.6 billion) in tourism and digital transformation, a company executive said on Tuesday. More »
U.S. private equity firm Carlyle Group LP and asset manager OppenheimerFunds Inc will form a joint venture to provide wealth management services to rich investors in the United States, the companies said on Monday. More »
Swiss bank UBS (UBSG.S) could shed almost 30,000 workers in the years ahead due to technological advances in the banking industry, Chief Executive Sergio Ermotti said in a magazine interview. More »
Vodafone said it would spend about 2 billion euros ($2.4 billion) to provide around 13.7 million new ultrafast broadband connections to homes and businesses by the end of 2021 in Germany, its biggest European market. More »
Britain's Aveva Group said on Tuesday it had agreed to combine with Schneider Electric's software business to create a London-listed leader in industrial software worth more than 3 billion pounds ($3.88 billion). More »
Private equity giant Blackstone Group has called off the sale of its A$3.5 billion ($2.8 billion) Australian shopping mall portfolio, a source said, as the looming arrival of Amazon.com spooks buyers of bricks-and-mortar stores. More »
Indian movie production house Eros Group is in preliminary talks with Apple and other major content distributors to sell its entire content library of films and music, a source familiar with the matter told Reuters on Monday. More »
The logo of Swiss bank UBS is seen at a branch office in Basel, Switzerland March 29, 2017. REUTERS/Arnd Wiegmann Swiss bank UBS (UBSG.S) is further reorganizing its wealth management businesses in European and emerging markets to simplify its structure, accor... More »
FILE PHOTO: Chairman of Anbang Insurance Group Wu Xiaohui attends the China Development Forum in Beijing, China March 18, 2017. REUTERS/Thomas Peter/File Photo Founded as a provincial auto insurer, Anbang Insurance burst from obscurity with a $2 billion bid fo... More »
FILE PHOTO: A product of Lenovo is displayed during a news conference on the company’s annual results in Hong Kong May 26, 2016. REUTERS/Bobby Yip/File Photo China’s Lenovo Group Ltd (0992.HK), the world’s largest personal computer (PC) maker, reported a retur... More »
FILE PHOTO – Lenovo Chairman and CEO Yang Yuanqing attends a news conference on the company’s annual results in Hong Kong May 26, 2016. REUTERS/Bobby Yip Lenovo Group (0992.HK) chairman and chief executive Yang Yuanqing told Reuters on Thursday the company’s C... More »
The company logo for BT is seen on the BT Tower in London, Britain, January 24, 2017. REUTERS/Toby Melville – BT (BT.L) said on Thursday it would cut 4,000 jobs in its Global Services unit that serves multinationals and scale back its dividend growth ambitions... More »
FILE PHOTO: The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company’s headquarters in New Taipei City, Taiwan March 29, 2016. REUTERS/Tyrone Siu/File Photo Taiwan’s Foxconn has asked for SoftBank Group’s cooperation i... More »
FILE PHOTO: Signage is seen at the Samsung 837 store in the Meatpacking District of Manhattan, New York, U.S., October 10, 2016. REUTERS/Andrew Kelly/File Photo South Korean authorities found no explosives at the headquarters of Samsung Life Insurance Co Ltd i... More »
Hwang Kag-gyu, head of Lotte Corporate Innovation Office, speaks during a news conference in Seoul, South Korea, April 3, 2017. REUTERS/Kim Hong-Ji South Korea’s Lotte Group will continue to invest in its China business despite diplomatic tensions over the dep... More »
Samsung Group chief, Jay Y. Lee arrives at the office of the independent counsel team in Seoul, South Korea, February 19, 2017. REUTERS/Kim Hong-Ji/Files A South Korean court said on Friday it has reassigned Samsung Group chief Jay Y. Lee’s bribery trial to an... More »
The logo of Samsung Electronics is seen in front of its building in Seoul, South Korea, February 28, 2017. Picture taken February 28, 2017. REUTERS/Kim Hong-Ji South Korean conglomerate Samsung Group [SAGR.UL] reiterated on Monday that it did not pay bribes or... More »
Samsung Group chief, Jay Y. Lee arrives at the office of the independent counsel team in Seoul, South Korea, February 22, 2017. REUTERS/Kim Hong-Ji/File Photo Samsung Group leader Jay Y. Lee will go on trial for bribery and embezzlement on Thursday, a court sa... More »
A man talks on the phone as he stand in front of an advertising poster of the SoftBank telecommunications company in Tokyo October 16, 2015. REUTERS/Thomas Peter Japan’s SoftBank Group Corp (9984.T) is close to making an investment in U.S. office-sharing start... More »
Austria said on Friday that Vienna prosecutors had initiated a formal criminal investigation against Airbus and the Eurofighter consortium over alleged fraud, widening the potential fallout from a $2 billion combat jet order more than a decade ago. More »
Choi Gee-sung, chief executive of South Korea’s Samsung Electronics, speaks during an annual shareholders’ meeting at the company headquarters in Seoul March 18, 2011. REUTERS/Truth Leem Two senior Samsung Group [SAGR.UL] executives have offered to resign to t... More »
Samsung Group chief, Jay Y. Lee, leaves the Seoul Central District Court in Seoul, South Korea, February 16, 2017. Picture taken on February 16, 2017. Shin Wong-soo/News1 via REUTERS Samsung Group chief Jay Y. Lee was arrested on Friday over his alleged role i... More »
FILE PHOTO – Choi Gee-sung, chief executive of South Korea’s Samsung Electronics, speaks during an annual shareholders’ meeting at the company headquarters in Seoul March 18, 2011. REUTERS/Truth Leem/File Photo The arrest of Samsung Group scion Jay Y. Lee on b... More »
Lee Jae-yong (C), vice chairman of Samsung Electronics, arrives to be questioned as a suspect in a corruption scandal that led to the impeachment of President Park Geun-Hye, at the office of the independent counsel in Seoul. REUTERS/Jung Yeon-Je/Pool min Park More »
Samsung Group chief, Jay Y. Lee, is surrounded by media as he arrives at the Seoul Central District Court in Seoul, South Korea, January 18, 2017. REUTERS/Kim Hong-Ji South Korea’s special prosecutor’s office said it is planning to indict Samsung Group chief J... More »
FILE PHOTO – Lee Boo-jin, daughter of Samsung Electronics chairman Lee Kun-hee and president and chief executive of Hotel Shilla, arrives to preside over the annual general meeting of the hotel stockholders in Seoul March 16, 2012. REUTERS/Lee Jae-Won/File Pho... More »
Samsung Group said on Friday it will do its best to ensure that the truth is revealed in future court proceedings, after the arrest of its chief, Jay Y. Lee. More »
Samsung Group chief, Jay Y. Lee, leaves after attending a court hearing to review a detention warrant request against him at the Seoul Central District Court in Seoul, South Korea, January 18, 2017. REUTERS/Kim Hong-Ji South Korea’s special prosecutor’s office... More »
FILE PHOTO – Samsung Group chief, Jay Y. Lee, leaves after attending a court hearing to review a detention warrant request against him at the Seoul Central District Court in Seoul, South Korea, January 18, 2017. REUTERS/Kim Hong-Ji/File Photo min Park More »
Lee Jae-yong (C), vice chairman of Samsung Electronics, arrives to be questioned as a suspect in a corruption scandal that led to the impeachment of President Park Geun-Hye, at the office of the independent counsel in Seoul on February 13, 2017. REUTERS/Jung Y... More »
The South Korean special prosecutor’s office said on Monday it will decide whether to seek arrest warrants for more Samsung Group [SAGR.UL] executives amid a widening influence-peddling scandal that could topple President Park Geun-hye. More »
FILE PHOTO – The logo of Lotte Hotel is seen at a Lotte Hotel in Seoul, South Korea, June 7, 2016. REUTERS/Kim Hong-Ji/File Photo South Korea’s Lotte Group said Chinese authorities have halted construction at a multi-billion dollar real estate project after a ... More »
Jay Y. Lee, center, vice chairman of Samsung Electronics, arrives to be questioned as a suspect in bribery case in the influence-peddling scandal that led to the president’s impeachment at the office of the independent counsel in Seoul, South Korea, Thursday, ... More »
Altria Group Inc said on Friday it was working with authorities to investigate if the smokeless tobacco products it recalled earlier this week were tampered with. More »
FILE PHOTO: The logo of UBS is seen outside the building housing the headquarters of the Swiss bank in San Juan, Puerto Rico, July 31, 2015. REUTERS/Alvin Baez/File Photo UBS (UBSG.S) hopes optimism surrounding new U.S. President Donald Trump’s proposed polici... More »
A customer walks in front of a Burberry store in central London July 15, 2008. REUTERS/Alessia Pierdomenico/File Photo British luxury brand Burberry (BRBY.L) said on Monday its incoming chief executive Marco Gobbetti will initially join the company on Jan. 27 ... More »
The Luxottica name is reflected in a pair of sunglasses in this photo illustration taken in Rome February 4, 2016. REUTERS/Alessandro Bianchi/Illustration/File Photo Gupta and Valentina Za More »
Jay Y. Lee, center, vice chairman of Samsung Electronics, arrives to be questioned as a suspect in bribery case in the influence-peddling scandal that led to the president’s impeachment at the office of the independent counsel in Seoul, South Korea, Thursday, ... More »
A flag bearing the logo of Samsung Electronics is pictured at its headquarters in Seoul, South Korea, November 29, 2016. REUTERS/Kim Hong-Ji/File Photo South Korea’s special prosecution office said on Tuesday it had not yet decided whether to seek arrest warra... More »
The headquarters building of Anbang Insurance Group are pictured in Beijing, China, August 25, 2016. REUTERS/Jason Lee China’s Anbang Insurance Group Co [ANBANG.UL] is in talks to buy as much as $2.3 billion in Japanese residential property assets from Blackst... More »
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 14, 2016. REUTERS/Brendan McDermid Two weeks before the U.S. presidential election, half of wealthy investors were so fearful of turmoil in the stock markets that ... More »
Travel website operator Priceline Group Inc reported a 19 percent jump in quarterly revenue, driven by higher hotel bookings, sending its shares up 5.2 percent in extended trading. More »
The logo of Swiss bank UBS is seen at the company’s headquarters in Zurich, Switzerland February 10, 2015. REUTERS/Arnd Wiegmann/File Photo The Swiss federal tax administration (FTA) has decided not to appeal against a court decision to let UBS inspect files a... More »
A man uses his laptop next to Lenovo’s logos during the Mobile World Congress in Barcelona, Spain February 25, 2016. REUTERS/Albert Gea China’s Lenovo Group Ltd (0992.HK), the world’s largest personal computer (PC) manufacturer by shipments, on Thursday said i... More »
The logo of Swiss bank UBS is seen on a building in Zurich, February 13, 2013. REUTERS/Michael Buholzer/File Photo UBS will cut several dozen jobs at part of its private bank, three sources familiar with the matter told Reuters, part of a previously announced ... More »
A woman walks past a McDonald’s outlet in Hong Kong in this July 25, 2014 file photo. REUTERS/Tyrone Siu/File Photo Private equity firms Carlyle Group (CG.O) and TPG Capital have teamed up with two separate Chinese state companies to bid for McDonald’s (MCD.N)... More »
LONDON Japan’s SoftBank Group Corp (9984.T) has agreed to buy British chip designer ARM Holdings (ARM.L) for 24.3 billion pounds ($32 billion), in a deal that will retain the company’s management and grow its workforce. Arm, Britain’s preeminent technology com... More »
SINGAPORE Japan’s SoftBank Group Corp (9984.T) is close to buying ARM Holdings PLC (ARM.L) for $32 billion and an announcement could come as early as Monday, a source familiar with the matter said. SoftBank could not be immediately reached for comment on a pub... More »
