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SoftBank’s Son humbled after Vision Fund’s $8.9 billion loss

07-Nov-2019 Intellasia | Reuters | 6:02 AM

SoftBank reported its first quarterly loss in 14 years on Wednesday, whiplashed by an $8.9 billion hit at its giant Vision Fund and marking a rare, humbling moment for CEO [...]
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SoftBank Group plunges to $6.5 billion quarterly loss as tech bets stumble

07-Nov-2019 Intellasia | Reuters | 6:02 AM

SoftBank reported its first quarterly loss in 14 years on Wednesday, whiplashed by an $8.9 billion hit at its giant Vision Fund and marking a rare, humbling moment for CEO [...]
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US official says Moon-Abe meeting was ‘encouraging sign’

US official says Moon-Abe meeting was ‘encouraging sign’

07-Nov-2019 Intellasia | AP | 6:02 AM

A senior US official said Wednesday an unexpected meeting this week between the leaders of South Korea and Japan was an “encouraging sign” that the Asian US [...]
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Top US diplomat says Moon-Abe meeting is ‘encouraging sign’ for countries’ relations

07-Nov-2019 Intellasia | Reuters | 6:02 AM

The United States was very encouraged by a recent meeting between the leaders of South Korea and Japan, a top US diplomat said on Wednesday, as strained ties threatened to [...]
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Japan’s SoftBank tumbles into losses over costly investments

07-Nov-2019 Intellasia | AP | 6:02 AM

Japanese technology company SoftBank Group Corp. tumbled into losses in the last quarter as its earnings were hammered by money-losing investments, including a bailout for [...]
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SoftBank says WeWork Japan can become profitable ‘in near future’

06-Nov-2019 Intellasia | Reuters | 8:05 AM

WeWork’s Japan unit can become profitable “in the near future”, the Japanese partner of the US office-space sharing startup said on Tuesday, amid investor [...]
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Japan wants to go cashless, but elderly aren’t so keen

06-Nov-2019 Intellasia | Reuters | 8:05 AM

Cash is king in Japan, and more so for the country’s fast-ageing population who are still deeply reluctant to give it up. Prime minister Shinzo Abe’s push to make [...]
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Shorter hours boost sales in overworked Japan: Microsoft

06-Nov-2019 Intellasia | AFP | 8:05 AM

In a country notorious for overwork, Microsoft Japan trialled a radical idea: working less. And it found that four-day weeks and other reforms both boosted sales and cut [...]
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HK is cheaper than Tokyo and Sydney in office fit-out costs, study shows

06-Nov-2019 Intellasia | South China Morning Post | 8:05 AM

The cost to fit out a new office in Hong Kong is cheaper than six major Japanese or Australian cities, a new study shows. That is a small consolation for prospective tenants [...]
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Japan’s aging, labour-starved construction industry gives economy a capex boost

06-Nov-2019 Intellasia | Reuters | 8:05 AM

As Japan’s construction firms are squeezed by the tightest labour market since the 1970s and a rapidly ageing population, they are pouring investment into technologyand [...]
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Japanese car sale in Korea more than halves in October amid boycott campaign

06-Nov-2019 Intellasia | Xinhuanet | 8:05 AM

Japanese car sale in South Korea more than halved in October, keeping a downward trend for the fourth consecutive month amid the ongoing campaign to boycott Japanese [...]
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Floundering tech bets put spotlight on SoftBank results, Son

Floundering tech bets put spotlight on SoftBank results, Son

06-Nov-2019 Intellasia | Reuters | 8:05 AM

SoftBank Group Corp and its founder Masayoshi Son face a day of reckoning on Wednesday when the investment juggernaut is likely to post weak quarterly results, hit by hefty [...]
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Fujifilm takes control of Fuji Xerox, ending joint venture

06-Nov-2019 Intellasia | AFP | 8:05 AM

Fujifilm said Tuesday it will make Fuji Xerox a wholly owned subsidiary, buying Xerox’s stake in the firm and ending a 57-year-old partnership between the Japanese and [...]
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Japan’s kabuki harnesses the Force for Star Wars performance

Japan’s kabuki harnesses the Force for Star Wars performance

06-Nov-2019 Intellasia | AFP | 8:05 AM

From a galaxy far, far away, Star Wars is coming to a traditional Japanese kabuki theatre stage for a one-off performance in Tokyo celebrating the blockbuster cinema series. [...]
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Microsoft tried a 4-day workweek in Japan. Productivity jumped 40pct

06-Nov-2019 Intellasia | CNN | 8:05 AM

A growing number of smaller companies are adopting a four-day workweek. Now the results of a recent trial at Microsoft (MSFT) suggest it could work even for the biggest [...]
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