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02 Sep

SoftBank to cut at least 20% of Vision Fund staff - BBG

TOKYO (Reuters) -SoftBank Group Corp plans to cut at least 20% of staff at its Vision Fund investment arm, Bloomberg reported on Friday, after Chief Executive Masayoshi Son pledged to cut costs after a record $50 billion loss at the unit in the half year to June 30.

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02 Sep

Former Trump White House counsel appears before grand jury probing Jan. 6

Pat Cipollone, the White House counsel during the Trump administration, appeared at federal court on Friday to testify before a grand jury probing events surrounding the Jan. 6, 2021, attack on the U.S. Capitol.

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02 Sep

SoftBank to cut at least 20% of Vision Fund staff -BBG

SoftBank Group Corp plans to cut at least 20% of staff at its Vision Fund investment arm, Bloomberg reported on Friday, after CEO Masayoshi Son pledged to reduce costs on a record $50 billion loss at the unit in the six months to June 30.

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02 Sep

Former Trump White House lawyer appears before grand jury probing Jan. 6

The White House counsel during the Trump administration, Pat Cipollone, appeared at federal court on Friday to testify before a grand jury probing events surrounding the Jan. 6, 2021, attack on the U.S. Capitol.

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02 Sep

Pertamina defers some gasoline imports ahead of cuts to fuel subsidies

Indonesia's state-owned oil giant Pertamina, Asia's biggest gasoline importer, has deferred some of its gasoline deliveries for September ahead of planned government cuts to fuel subsidies which are likely to hit demand, traders said.

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02 Sep

Dollar eases from 20-year high as market digests jobs report

NEW YORK (Reuters) -The dollar edged back from a 20-year high on Friday as traders digested a report that showed the pace of hiring rose slightly more than expected in August, giving the Federal Reserve some wiggle room in how aggressively it hikes interest rates later this month.

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02 Sep

President of Japan's Nidec resigns over weak earnings

TOKYO (Reuters) -Japan's Nidec Corp, a major manufacturer of electric motors, has replaced its second-in-command and will choose the next president from within the company in the spring of 2024, it said on Friday.

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