Tiger Global Invests One B. Dollars in Softbank: FT
July 12, 2018
New York- U.S. investment fund Tiger Global has taken a stake of more than one billion dollars in Japanese Internet and telecommunications conglomerate Softbank Group Corp., the Financial Times reported Wednesday. In a letter to investors, Tiger Global said Softbank
Stocks end slightly higher
July 12, 2018
Stocks lost its early gains Thursday and the local index closed modestly but the peso closed unchanged at P53.50 against the US dollar despite opening at P53.55. The Philippine Stock Exchange Index closed at 7,350.58, up 16.85 points. In the
Gasoline Mileage Improves 12 pct over Last 7 Years in Japan(
July 12, 2018
Tokyo- The average mileage of gasoline vehicles in Japan has improved about 12 pct over the last seven years, thanks to technological innovations such as higher combustion efficiency and lighter vehicle bodies, a transport ministry survey recently revealed. The growing
Mitsubishi Aircraft to Continue Cooperation with Boeing
July 11, 2018
Toyoyama, Aichi Pref.- Mitsubishi Aircraft Corp. President Hisakazu Mizutani said the Japanese company will stay in a cooperative relationship with Boeing Co. despite the U.S. aircraft manufacturer’s planned acquisition of a rival to Mitsubishi. “We’ll continue to receive support from
Stocks up, but peso ends at P53.50:$1
July 11, 2018
Stocks rose but the Philippine peso ended close to a 12-year-low after opening at P.53.54 against the US dollar before ending four centavos higher. The Philippine Stock Exchange (PSE) index closed 100.44 points higher to 7,333.73. In the broader market,
INTERVIEW: Japan Display to Cut Dependence on Smartphones
July 11, 2018
Tokyo- Japan Display Inc. aims to boost sales of liquid crystal display panels for use in products other than smartphones, its president and chief operating officer said in a recent interview. The comments by Yoshiyuki Tsukizaki indicate that the company
Tight spreads in Philippine bond floats mark investor confidence on Duterte watch
July 11, 2018
Investors have demonstrated their high level of confidence in the Philippine economy under the Duterte administration with tight spreads of the country’s dollar- and renminbi-denominated bonds issued earlier this year, which the government expects to be replicated with its coming sale of
Subaru to Invest 150 B. Yen to Improve Quality
July 11, 2018
Tokyo- Subaru Corp. said Tuesday it will invest 150 billion yen over the next five years to improve vehicle quality. The investment is designed to help the Japanese automaker restore customer trust after a string of scandals, including vehicle inspections
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