SoftBank Shares Slump
World Economy

SoftBank Shares Slump

SoftBank Group Corp. fell to its lowest level since buying Sprint Corp. in 2013 amid mounting pessimism that billionaire Masayoshi Son can turn around the money-losing US carrier, Bloomberg reported. SoftBank shares dropped 7.9% in Tokyo on Monday to 5,111 yen, their lowest since June 2013. Sprint closed 10% down on Friday after a report said the company was finalizing plans to cut $1 billion in network costs through measures analysts called risky. Son said in August he was personally involved in rebuilding Sprint’s network and already saw “light at the end of the tunnel” for the carrier. Since then, Sprint booked its fifth consecutive quarter of losses.


Short URL : http://goo.gl/1xFhZI
  1. http://goo.gl/SlBqWn
  • http://goo.gl/xsi8vl
  • http://goo.gl/yrofZM
  • http://goo.gl/ioExTY
  • http://goo.gl/GIaqCv

You can also read ...

Trump Tactics Sabotaging US Economy, Markets
Wall Street could be making a costly mistake. According to...
File photo of finance ministers and central bankers from the G20 nations.
Global economic growth is poised to pick up this year, though...
Capital Economics forecasts Turkey’s GDP growth will fall to 3.5% in 2018 from 7.4% in 2017.
Expectations for Turkey's end-2018 inflation rate rose from 12...
Moody’s Warns Philippines of Downside Risk
Debt watcher Moody’s Investors Service on Friday said the...
Technology Can Help Workers From the Informality Trap
Technology and what it will do to change how people work is...
Apple Watch Smells Losses
The latest round of US tariffs on $200 billion of Chinese...
Italian Bonds, Stocks Fall
Italian bond yields rose and equities sold off on Friday after...
A weaker yuan remains a source of risk for global currency markets.
The Chinese yuan slid to its lowest in more than a year on...