Factbox: SoftBank-owned Arm courts Big Tech interest in its IPO

Factbox: SoftBank-owned Arm courts Big Tech interest in its IPO

A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration Aug 11 (Reuters) – SoftBank Group-owned chip designer Arm is getting investment interest from several major tech firms for what is expected to be one of this year’s biggest initial public offerings. … Read more

Russia launches moon lander in race to find water on moon

Russia launches moon lander in race to find water on moon

[1/2]A Soyuz-2.1b rocket booster with a Fregat upper stage and the lunar landing spacecraft Luna-25 blasts off from a launchpad at the Vostochny Cosmodrome in the far eastern Amur region, Russia, in this still image from video taken August 11, 2023. Roscosmos/Handout via REUTERS WASHINGTON, Aug 10 (Reuters) – Russia launched its first moon-landing spacecraft … Read more

Japan’s struggling Rakuten to combine credit card and mobile payments business

Japan’s struggling Rakuten to combine credit card and mobile payments business

The logo of Rakuten is pictured at the headquarters of Rakuten in Tokyo, Japan, May 15, 2019. REUTERS/Sam Nussey TOKYO, Aug 10 (Reuters) – Japan’s Rakuten Group (4755.T) will fold its payments and points businesses into its credit card unit, it said on Thursday, a move that could set the struggling e-commerce company up to … Read more

SoftBank seen returning to profit as tech stocks gain

SoftBank seen returning to profit as tech stocks gain

The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato TOKYO, Aug 7 (Reuters) – Japan’s SoftBank Group (9984.T) is likely to report a return to profit when it announces first-quarter earnings on Tuesday, analysts said, as its Vision Fund investing arm’s portfolio of … Read more

Asia stocks near 16-month peak on economic optimism, Aussie eases before RBA

Asia stocks near 16-month peak on economic optimism, Aussie eases before RBA

TOKYO, Aug 1 (Reuters) – Asian stocks edged toward a sixteen-month peak on Tuesday and oil held near recent highs as investors began to find more cause for cheer over global economic prospects than reasons to worry, even as data showed risks remain. The dollar hit a three-week high against the yen as investors continued … Read more

Quest Diagnostics launches Alzheimer’s blood test for consumers

Quest Diagnostics launches Alzheimer’s blood test for consumers

CHICAGO, July 31 (Reuters) – Quest Diagnostics (DGX.N) on Monday launched the first direct-to-consumer blood test to detect abnormal levels of beta amyloid, a key Alzheimer’s disease protein that can appear years before dementia symptoms arise. The $399 test, called AD-Detect, uses the same technology as a blood test the company began selling for use … Read more

Morning Bid: Bank of Japan excites, Dow unlucky, Intel jumps

Morning Bid: Bank of Japan excites, Dow unlucky, Intel jumps

A look at the day ahead in U.S. and global markets from Mike Dolan The Bank of Japan added its own twist to a week of rising central bank interest rates on Friday, and it proved an unlucky 13 for Dow Jones bluechips (.DJI) on Wall St. The BOJ’s long-awaited tweak of its ultra-easy bond-buying … Read more

Analysis: Stock sale frenzy foretells US IPO market comeback

Analysis: Stock sale frenzy foretells US IPO market comeback

Signage for TXO Energy Partners is seen at the New York Stock Exchange (NYSE) to celebrate their IPO in New York City, U.S., January 27, 2023. REUTERS/Andrew Kelly Acquire Licensing Rights NEW YORK, June 21 (Reuters) – A flurry of stock sales by companies points to a likely wave of initial public offerings launching come … Read more