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SoftBank

Deutsche Telekom bulks up T-Mobile US stake as it sells Dutch unit

BERLIN: Deutsche Telekom struck a share-swap deal with Softbank to increase its stake in US unit T-Mobile and sold...

Published 07 Sep, 2021 11:04am

UK supermarket Morrisons backs US firm's takeover counter-bid

LONDON: British supermarket group Morrisons has accepted an improved £7.0-billion counter-bid from US private ...

Published 21 Aug, 2021 04:38am

Business & Finance

Microsoft invests $5mn in SoftBank-backed Oyo

The hotel aggregator, in which Japanese conglomerate SoftBank owns a 46% stake, endured months of layoffs, cost cuts and losses during the COVID-19 pandemic

Updated 20 Aug, 2021 06:12pm

Opinion

Ex-director seeks to stall $2bn Paytm IPO, company calls it harassment

Paytm’s $2.2 billion IPO is facing an unusual hurdle - a 71-year-old former director has urged India’s markets...

Published 13 Aug, 2021 04:44am

World

UK fintech bank Revolut worth $33bn after investment

LONDON: British fintech bank Revolut on Thursday said it was worth $33 billion, on a par with some of the UK’s...

Published 16 Jul, 2021 04:34am

Business & Finance

SoftBank leads new funding round in Gympass, valuing startup at $2.2bn

NEW YORK: Gympass, which makes gym memberships more accessible for corporate employees, has raised $220 million in a...

Published 12 Jul, 2021 05:26am

Opinion

Property, cash and Amazon: Why buyout firms are battling to buy UK’s Morrisons?

At least three private equity groups armed with foreign cash have lined up to do battle over Morrisons, a British...

Published 08 Jul, 2021 04:22am

Business & Finance

Britain's Morrisons agrees $8.7bn takeover by Fortress-led group

LONDON: Morrisons has agreed to a takeover led by SoftBank owned Fortress Investment Group that values Britain's...

Published 04 Jul, 2021 03:41am

Technology

SoftBank's PayPay surges ahead in Japan's digital payments race

The tap-to-pay system is not used by many small businesses, but is favoured by QR code detractors who complain apps like PayPay are fiddly.

Published 11 Jun, 2021 11:46am

Business & Finance

SoftBank beats Japanese record for annual net profit

TOKYO: Investment giant Softbank Group on Wednesday reported the best ever annual net profit for a Japanese company,...

Published 13 May, 2021 03:10am

Markets

Tokyo stocks move lower ahead of key earnings

Nissan plunged 9.73 percent to 522.3 yen after missing forecasts for a profit of 133 billion yen as it was hit by a global shortage of chips for its vehicles.

Published 12 May, 2021 11:14am

Business & Finance

E-commerce pioneer Wenzel launches ‘Amazon on steroids’

BERLIN: German entrepreneur Ralf Wenzel, formerly of Delivery Hero and Softbank , is launching a global rapid...

Updated 19 Apr, 2021 09:54am

Markets

China’s Didi picks Goldman, Morgan Stanley for mega US IPO

HONG KONG: China’s top ride-hailing firm Didi Chuxing has mandated Goldman Sachs and Morgan Stanley to lead its...

Published 12 Apr, 2021 03:59am

Business & Finance

WeWork to go public with $9bn valuation

NEW YORK: WeWork announced on Friday it plans to enter public markets through a merger transaction that raises $1.3...

Published 30 Mar, 2021 05:45am

Markets

Nikkei ends higher on SoftBank boost; records 2% weekly drop

All the 33 sector sub-indexes on the Tokyo exchange traded higher, with transport sector leading gains.

Published 26 Mar, 2021 12:19pm

Markets

SoftBank-backed ACV Auctions raises offer price range, eyes $364mn IPO

The company, also backed by investment firm Bessemer Venture Partners, said it was looking to sell 16.55 million shares at a price range of $20 to $22 per share.
At the top end of the new range, the company would be valued at $3.39 billion.

Published 22 Mar, 2021 06:47pm

Markets

Japan's Nikkei drops after BOJ's plan to buy only Topix-linked ETFs

The so-called NT ratio of the Nikkei and Topix dropped sharply to 14.84 from 15.04 on Thursday. It hit a record high of 15.68 earlier this month.

Published 19 Mar, 2021 11:34am

Markets

Japanese shares jump

TOKYO: Japanese shares jumped on Thursday, with the Topix index hitting a 30-year high, propelled by the US Federal...

Published 19 Mar, 2021 05:32am

Markets

Rakuten shares jump 24% on Japan Post, Tencent backing

"Rakuten could receive significant help from the expert in logistics services," Jefferies analyst Hiroko Sato wrote in a note, referring to Japan Post, which operates 24,000 post offices nationwide.

Published 15 Mar, 2021 12:40pm

Business & Finance

S Korea’s Coupang raises $4.2bn in NY listing

SEOUL: South Korean e-commerce giant Coupang has raised $4.2 billion in its initial public offering that makes it ...

Published 15 Mar, 2021 05:22am

Markets

Demise of financier Greensill sparks global jobs panic

Its demise has now created massive uncertainty for clients, who depended on its finance services to pay their bills and could now potentially default on payments and lead to further turmoil.

Published 10 Mar, 2021 12:21pm

Markets

SoftBank-backed Coupang boosts IPO price, aims for $58 billion valuation

Coupang, viewed as a rival to Amazon.com Inc, received $1 billion in funding from SoftBank in 2015 and $2 billion from its Vision Fund in 2018.
Coupang said in a regulatory filing it would price its offering between $32 and $34 per share, higher than its earlier range of $27 and $30 a share.

Updated 09 Mar, 2021 09:33pm

Business & Finance

SoftBank aims to double PayPay users in cashless payments fight

"We want to double the user base during the investment phase," Z Holdings co-CEO Kentaro Kawabe said in a joint interview with fellow co-CEO Takeshi Idezawa.
Z Holdings announced on Monday that Line Pay, which has 39 million users but is less widely used and has signed up fewer merchants, would be merged with PayPay in 2022.

Published 03 Mar, 2021 06:33pm

Business & Finance

SoftBank to write down $1.5bn Greensill investment

The writedown occurred at the end of 2020 and SoftBank is considering dropping the valuation to close to zero, the report said.
Greensill, owned by billionaire Lex Greensill, has been looking to raise funds with the aim of going public, according to the report.

Published 01 Mar, 2021 08:02pm

Business & Finance

SoftBank reaches deal with WeWork

TOKYO: Internet investor SoftBank Group said Saturday it reached a settlement with WeWork co-founder Adam Neumann ...

Published 28 Feb, 2021 04:55am

Business & Finance

SoftBank reaches settlement with former WeWork CEO Neumann

SoftBank, the new owner of the office-sharing firm, did not disclose terms of the settlement. Media reports earlier this week indicated the deal includes a nearly $500 million cut in Neumann’s payout from SoftBank.

Published 27 Feb, 2021 10:43am

Markets

Tokyo stocks close higher on recovery hopes

In Tokyo trading, market heavyweight SoftBank Group jumped 1.73 percent to 10,530 yen while Uniqlo casual wear operator Fast Retailing gained 0.14 percent to 104,900 yen.

Published 22 Feb, 2021 01:12pm

Business & Finance

SoftBank Vision Fund set for new portfolio champion with Coupang IPO

Analysts see Coupang's $50 billion valuation as feasible given its first-mover status and as it expands beyond replacing brick-and-mortar retail with a rising number of online channels.

Published 22 Feb, 2021 12:29pm

Business & Finance

SoftBank CEO touts 'goose with golden eggs' as profit soars

SoftBank reported a nearly $9 billion net loss in the previous full fiscal year, but has quickly returned to the black.

Published 08 Feb, 2021 05:55pm

Technology

WeWork in talks to go public through SPAC deal

"We will continue to explore opportunities that help us move closer towards our goals," it added.

Published 29 Jan, 2021 11:47am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 17	278.30
USD PKR Interbank Buying / May 17	278.10
USD to Japanese Yen / May 17	155.67
USD to Swiss Franc / May 17	0.91
Pound Sterling to USD / May 17	1.27
Euro to USD / May 17	1.09

Stock	Volume
S&P 500 / May 17	5303.27
India Sensex / May 17	73917.03
Tokyo Nikkei / May 17	38787.38
Nasdaq / May 17	16685.97
Hang Seng / May 17	19535.61
FTSE 100 / May 17	8420.26
Dow Jones / May 17	40003.59
Germany DAX 30 / May 17	18704.42

Item	Value
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210562
Gold Spot USD/Ounce / May 17	2386.18
Cotton US¢/pound / May 17	76.29
Petrol/Litre / May 19	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 19 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 19 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 19 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 19 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 19 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 19 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 19 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 19 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 19 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 19 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 19 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 19 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 19 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 19 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 19 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 19 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 19 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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