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TOKYO: SoftBank Group Corp has scrapped an agreement to spend US$3bil to buy WeWork stock from former chief executive officer Adam Neumann and other shareholders, despite threats of legal action from some members of the company’s board.
KUALA LUMPUR: Investors took some profit from Malaysian equities following yesterday's advance, taking the FBM KLCI lower amid mixed results in Asian markets.
BEIJING: China's Geely Automobile Holdings Ltd said on Monday lower sales drove its 2019 net profit down 35%, as China's overall auto market suffered a prolonged slump last year.
PETALING JAYA: The novel coronavirus, or Covid-19, is not only making a mess of companies in the hotel and aviation sectors but is also upending members of the sharing economy
FACED with an industry heading toward a wave of bankruptcies, an investor’s first instinct is often turning to the first three pages of the financial statements.
We need to stop the blame game but earn, adapt and act fastLeadership in the age of pandemics
WeWork executives used to obsess over the number of people they could pack into each of the company’s shared workspaces.
KUALA LUMPUR: The Covid-19 pandemic and the 14-day movement control order (MCO) has sent consumer stock share prices tumbling as many companies face declining sales from the lockdown.
NEW YORK: Goldman Sachs Group Inc poured more than $1 billion into two of its prime money-market portfolios this week due to heavy investor withdrawals, in what the Wall Street bank described as a pre-emptive move to boost liquidity at a time of coronavirus-related stress.