SoftBank Group Corp of Japan is expected to disclose a devastating loss at its Vision Fund investment unit on Thursday, according to analysts, after investors sold off the fund’s high-growth firms on concerns about their profits potential. With the technology… Read More ›
According to Copley Fund Research, fewer than a fifth of actively managed developing market equities funds have reduced their exposure to Russian companies to zero, with a handful of funds unwilling to sell completely. After Western nations implemented sweeping sanctions… Read More ›
In a significant development, Russia’s top lender Sberbank said, it is developing an entirely domestic cloud infrastructure following Western sanctions which have caused issues with its foreign cloud partner. Western countries have imposed sanctions on Russian banks. Sberbank has started developing technology… Read More ›
US weapons giant Lockheed Martin Corp plans on doubling the production of Javelin missiles, said its Chief Executive Officer James Taiclet. Lockheed Martin aims to boost the production of the anti tank weapon system from 2,100 to 4,000 per year in… Read More ›
In a news report, Iraq’s state news agency INA reported, Baghdad has signed defense contracts with the Washington and Paris towards the import of advanced weapons which will strengthen its artillery. The report citing a senior military commander said, long-range… Read More ›
In a statement, Bulgaria’s Deputy Prime Minister Assen Vassilev said, Sofia will not support the European Union’s new sanctions on Russia if it does get an exemption on Russian energy imports. While talks among EU governments are moving closer towards… Read More ›
In a statement, the European Union’s envoy to Britain said, the bloc is ready to restart negotiations on the Northern Ireland protocol after a pause following a recent election; it however made it amply clear that will not overhaul clauses… Read More ›
A Florida pension fund has sued Elon Musk and Twitter Inc in an attempt to stop Musk from completing his $44 billion acquisition of the social media company before 2025. The Orlando Police Pension Fund has launched a proposed class action… Read More ›
In a statement British real estate firms Capital & Counties Properties along with Shaftesbury Plc said, they are in advanced talks on a merger. In the potential merger, Shaftesbury would own 53% and Capco shareholders would own the remainder in a deal… Read More ›
The largest white diamond ever auctioned will go under the hammer in Geneva next week, as part of a sale by Christie’s that features two stones weighing more than 200 carats each. Christened as “The Rock”, the 228.31 carat pear-shaped… Read More ›
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