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SoftBank

SoftBank Group, Hughes invest in British satellite communications firm OneWeb

Founded by entrepreneur Greg Wyler in 2014, OneWeb aims to provide high-speed broadband internet services globally using low earth orbit satellites.
SoftBank Group, a former investor in OneWeb, had pulled the plug on funding earlier, forcing OneWeb to file for bankruptcy protection in March.

Published 15 Jan, 2021 08:31pm

Technology

SoftBank-backed face-scan firm rebrands US unit to add distance after blacklisting

Weeks before the blacklisting, but after Reuters reported its export restrictions, CloudMinds was granted a $1 million to $2 million loan under a pandemic aid program, showed Treasury data from August.

Published 21 Dec, 2020 11:16am

Business & Finance

Robots drive Hyundai from humdrum to high tech

Regulations are uncertain too, especially concerning technology that has military applications - as Boston Dynamics designs do.

Published 14 Dec, 2020 11:07am

Business & Finance

SoftBank reaps $11.2 billion gain from DoorDash investment

SoftBank has had other investment wins of late, including a rally in the shares of ride-hailing app Uber Technologies Inc , where it is a top shareholder, and the sale of semiconductor manufacturer Arm Ltd to Nvidia Corp for $40 billion.

Published 10 Dec, 2020 11:22am

Business & Finance

SoftBank winding down options trading after investor backlash: Bloomberg News

The company is letting its options expire, instead of maintaining its positions, according to the report.

Published 02 Dec, 2020 10:13am

Business & Finance

SoftBank says H1 net profit surges more than four-fold to $18 bn

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

Published 09 Nov, 2020 06:08pm

Technology

SoftBank Group restarts dividend as finances stabilise

Its year-end dividend forecast is yet to be determined. SoftBank did not offer a dividend forecast in May when it reported a record annual operating loss.

Published 23 Oct, 2020 10:13am

Markets

Exclusive: Didi lines up 2021 IPO in Hong Kong, targets more than $60 billion valuation, sources say

That helped Hong Kong grab the second spot in the global stock exchange league table - after Nasdaq - despite the city reeling from a coronavirus pandemic-hit economy and anti-government protests.

Published 20 Oct, 2020 11:31pm

Business & Finance

SoftBank, General Atlantic invest $107mn in Brazil's Acesso Digital

Both General Atlantic and SoftBank will hold a minority stake in Acesso Digital after the investment.
Acesso Digital founder and CEO Diego Martins said in an interview that demand for the companies' services has doubled since the beginning of the pandemic.

Published 22 Sep, 2020 01:43am

Business & Finance

SoftBank Group to sell U.S. cellphone distributor Brightstar in latest asset sale

SoftBank said in a statement it would sell the firm to a newly formed subsidiary of private equity firm Brightstar Capital Partners for cash as well as a 25% stake in the subsidiary. Brightstar Capital is not an affiliate of Brightstar Global, the statement said.

Published 18 Sep, 2020 10:17am

Technology

Softbank partners with India's Oyo in Latam in move for more oversight

Softbank, the biggest investor in Oyo, will use part of its $5 billion Latin America fund to invest in the newly formed company called Oyo Latam which will take over 1,000 hotels mainly in Brazil and Mexico, Henrique Weaver said.

Published 05 Sep, 2020 10:07am

Business & Finance

Telco SoftBank shares fall 3% as parent slashes stake

SoftBank Group’s shares were up almost 5% as a series of massive asset sales and share buybacks continue to fuel its climb from March lows.

Published 31 Aug, 2020 10:12am

Business & Finance

SoftBank back to black with $12bn profit after record losses

It said it would not offer a forecast "due to numerous uncertainties affecting earnings."

Published 11 Aug, 2020 04:35pm

Business & Finance

SoftBank pulls investment from Credit Suisse funds

The Swiss bank launched the review after the Financial Times reported last month that SoftBank had put $500 million into some Credit Suisse funds.
Some of the funds' investments were in notes backed by loans Greensill made to other companies backed by SoftBank's Vision Fund.

Published 21 Jul, 2020 12:07am

Business & Finance

SoftBank governance reforms stop short of Vision Fund

In recent months Chief Executive Masayoshi Son has met other Elliott demands, from launching a 2.5 trillion yen ($23 billion) buyback.

Published 06 Jul, 2020 09:56am

Business & Finance

Wirecard debt that facilitated SoftBank investment put up for auction

In a process managed by Credit Suisse, bonds convertible into Wirecard debt with a nominal value of 900 million euros ($1.01 billion) will be sold via an auction set to close on July 8, according to a document seen by Reuters.

Published 03 Jul, 2020 10:23am

Business & Finance

Amazon, SoftBank held talks over Russian online retailer Ozon

It's not immediately clear if talks are still under way or have ended. Sistema has said it was looking for partners to invest in Ozon, in which it holds a more than 40%.
I can tell you that this is the only one company in Russia at which Amazon was looking from the participation point of view.

Published 27 Jun, 2020 08:09pm

Business & Finance

SoftBank to sell T-Mobile shares at $103 apiece: source

SoftBank on Monday unveiled a series of transactions to divest more than $21 billion worth of stock in T-Mobile, as it seeks funding for a $41 billion share buyback and debt reduction plan. This included a public offering of 133.5 million shares.

Published 24 Jun, 2020 10:14am

Business & Finance

SoftBank set to invest in more than a dozen U.S. minority-led startups

The investments will be made through a subsidiary, SoftBank Investment Advisers, which will back the inaugural members of the Emerge accelerator program.

Published 19 Jun, 2020 10:38am

Business & Finance

SoftBank buybacks pick up in June; $4.7bn spent in total

The tech conglomerate spent 188.3 billion yen buying back 36.1 million shares between June 1 and June 15, compared with 61 billion yen in May.

Published 15 Jun, 2020 03:37pm

Business & Finance

SoftBank share buybacks near $3bn despite May slowdown

SoftBank Chief Executive Masayoshi Son is trying to stabilise the group, which has been hit by underperformance at some of its biggest technology investments.

Published 12 Jun, 2020 04:06pm

Business & Finance

SoftBank's Arm at loggerheads with Chinese venture over CEO

Arm Ltd had earlier in the day said that it had replaced Allen Wu, who had served as the venture's chairman and CEO, with interim co-CEOs Ken Phua and Phil Tang.

Published 10 Jun, 2020 05:53pm

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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