Nikesh Arora, president of SoftBank, has said he will buy a breathtaking Y60 billion ($US483 million) worth of shares in the Japanese telecoms and internet group, in a sign of his commitment to the company as the handpicked successor to billionaire Masayoshi Son.
Mike Dempsey of venture capital analytics firm CB Insights describes this red ink as “big for 11 months, but not outrageous”, adding that “if Snapchat is at a similar point right now in its business lifecycle as 2012-2013 Twitter, the new funding probably gives...
In an announcement on national Greek television, seven months after taking office on the promise of rolling back austerity and staunchly opposed to additional bailouts from Europe, Greek prime minister Alexis Tsipras has resigned.
U.S. September crude was down $1.85 at $40.77 a barrel at 11:41 a.m. EDT (1541 GMT), having fallen to $40.60, the lowest front-month price since March 2009. It said markets will be tracking the eurozone, U.S., and Chinese flash PMI data on Friday very closely.
Goodbody Stockbrokers said: “While the backdrop of falling oil prices is clearly weighing on the sector, confirmation that the Solan development remains on track for initial production in Q4 and amended covenant headroom should provide some respite for the share price”.
The nation may even consider selling debt in the global markets, provided oil prices stabilise and government spending continues, John Sfakianakis, the Riyadh-based Middle East director at asset manager Ashmore Group, says. The stock had come under pressure after state media said...
Officers were called at around 1.35pm on Tuesday (August 18) to reports of an unconscious woman on a bus, in Chiswick High Road near the junction with Duke Road.
Bwin last month rejected GVC’s initial 908 million pound offer in favour of a 900 million pound offer from rival 888 Holdings Plc. The bidding war continues now but with a new twist that has GVC executives thinking twice about the situation they are saddled with. As for 37...