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

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

TOKYO (Reuters) – 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 Masayoshi Son over his backing of troubled startup WeWork.
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Brexit Bulletin: Corbyn's Problem

Brexit means the role of Parliament speaker remains crucial in British politics, writes Bloomberg Opinion's Therese Raphael. It will be better for
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UK betting firms commit to five pledges for safer gambling

The UK betting industry has devised five safer gambling commitments, as the embattled sector attempts to avoid having new regulations imposed on it by central government. The announcement comes in the same week that shares in UK gambling firms lost …
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Hong Kong Watchdog to Publish New Crypto Exchange Regulations

HONG KONG — Hong Kong’s financial regulator will publish a framework for crypto currency exchanges later on Wednesday, Chief Executive Ashley Alder told a fintech conference in the city. Market watchdogs worldwide are debating if they should regulate …
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Xerox Considers Takeover Offer for PC Maker HP: WSJ

(Reuters) – Xerox Holdings Corp is considering making a cash-and-stock offer for personal computer maker HP Inc at a premium to its market value of about $27 billion, the Wall Street Journal reported on Tuesday. Xerox’s board discussed the possibility on …
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