SoftBank Group has taken another multibillion-dollar hit from its ambitious but costly bets on once high-flying companies like Uber and WeWork, putting growing pressure on the Japanese conglomerate to get its financial house in order. The company, which …
See Original Article

Rovio Entertainment Oyj (ROVIO.HE) on Wednesday swung to an unexpected fourth-quarter net loss as it spent more on trying to attract new players while being hit by costs from its cloud-based game-streaming service. The company behind the Angry Birds …
See Original Article

(RTTNews) – Anglo-Australian mining giant Rio Tinto Plc (RTNTF, RIO, RIO.L, RTPPF) announced Wednesday that it will conduct a strategic review of its unit ISAL smelter in Iceland. With the review, the company aims to determine the operation’s ongoing …
See Original Article

… * New coronavirus cases lowest since late Jan. * Outbreak may be over by April – China expert. * Vale Q4 iron ore production falls 22.4% y/y (Updates with closing prices, chart). By Enrico Dela Cruz. MANILA, Feb 12 (Reuters) – China’s iron ore futures hit a …
See Original Article

Dublin-based aircraft leasing firm Avolon has reported a slight increase in net profits for 2019 as its revenues also rose. The company said it made a record $718m in net profits last year on the back of revenues of more than $2.6 billion. It has also declared a …
See Original Article