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SoftBank posts a $21.6 billion quarterly loss on its Vision Fund, one of the highest in its history

August 8, 2022 by admin

SoftBank posted a 2.93 trillion Japanese yen ($21.68 billion) loss for the June quarter for its Vision Fund. This is its second-largest quarterly loss.

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Berkshire Hathaway reports operating earnings surge, but posts big investment loss amid market rout

August 6, 2022 by admin

Berkshire Hathaway’s operating profits jumped in the second quarter despite fears of slowing growth.

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Danger ahead: The U.S. economy has yet to face its biggest recession challenge

August 5, 2022 by admin

You’d be hard-pressed now to find a recession in the rearview mirror. What’s down the road, though, is another story.

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Taiwan’s trade with China is far bigger than its trade with the U.S.

August 5, 2022 by admin

Taiwan’s business and economic ties with mainland China and Hong Kong have grown so large that the region is by far the island’s largest trading partner.

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Pelosiโ€™s Taiwan trip puts the world’s biggest chipmaker back in the spotlight of U.S.-China rivalry

August 4, 2022 by admin

Semiconductors have become a key part of the rivalry between the U.S. and China with TSMC, which dominates chipmaking, caught in the middle.

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U.S. House Speaker Nancy Pelosi meets Taiwan’s president despite China’s warnings

August 3, 2022 by admin

U.S. House Speaker Nancy Pelosi met Taiwan President Tsai Ing-wen on Wednesday in a high-stakes visit that has infuriated Beijing.

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China shares down, Asia markets drop as geopolitical tensions rise over Pelosi visit

August 2, 2022 by admin

Local media reports citing unnamed sources said Pelosi would go ahead with her visit to Taiwan, a self-ruled island that China sees as a runaway province.

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Chinese companies flock to Switzerland to raise money with new stock listings

August 1, 2022 by admin

Chinese companies looking to raise cash overseas have turned to Switzerland โ€” and gotten speedy regulator approval to do so, according to Baker McKenzie.

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Biden tests positive for Covid again, will restart isolation despite no new symptoms

July 30, 2022 by admin

Biden is experiencing no new symptoms and “continues to feel quite well,” Dr. Kevin O’Connor said in a memo shared by the White House.

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AMD passes Intel in market cap

July 30, 2022 by admin

The milestone also suggests that investors may value an asset-light chipmaker over one that’s investing heavily in manufacturing.

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