(Bloomberg) — Most Asian stocks rose Tuesday as Japan extended a rally and traders took heart from indications that the global recovery is weathering challenges from the delta virus variant. Japan’s Nikkei 225 hit 30,000 for the first time since April as an index reshuffle added to optimism that a new prime minister will usher in favorable policies. China climbed, aided by a continuing rebound in technology stocks and better than expected trade data. S&P 500 and Nasdaq 100 futures edged up… Source link
Read More »Yahoo Japan to give up 40% of its Tokyo office space
TOKYO — Yahoo Japan will vacate 40% of its Tokyo office space by November as it expects the COVID-necessitated work-from-home trend to gain permanence. The subsidiary of SoftBank-backed Z Holdings will return about 30,000 sq. meters, more than four soccer fields worth, of office space, when leases expire. It will empty out seven of 20 floors at its Kioi Tower headquarters, in Tokyo’s Chiyoda Ward, and all five floors that it has in Akasaka K Tower, in Minato Ward. Only about 10% of Yahoo’s… Source link
Read More »Yahoo Japan to slash 40% of its Tokyo office space
TOKYO — Yahoo Japan will vacate 40% of its Tokyo office space by November as it expects the COVID-necessitated work-from-home trend to gain permanence. The subsidiary of SoftBank-backed Z Holdings will return about 30,000 sq. meters, more than four soccer fields worth, of office space, when leases expire. It will empty out seven of 20 floors at its Kioi Tower headquarters, in Tokyo’s Chiyoda Ward, and all five floors that it has in Akasaka K Tower, in Minato Ward. Only about 10% of Yahoo’s… Source link
Read More »Google and Facebook’s New Cable to Link Japan and Southeast Asia
(Bloomberg) — Alphabet Inc.’s Google and Facebook Inc. announced their participation in a new subsea cable system for 2024 set to improve internet connectivity across the Asia-Pacific region. Dubbed Apricot, the infrastructure project will link Japan, Singapore, Taiwan, Guam, the Philippines and Indonesia and help serve growing demand for broadband access and 5G wireless connectivity, Facebook said. In March, the company announced two new transpacific subsea cables connecting Singapore to… Source link
Read More »Google to buy Japan payments firm Pring
The logo of Google is seen on a building at La Defense business and financial district in Courbevoie near Paris, France, September 1, 2020. REUTERS/Charles Platiau TOKYO, July 13 (Reuters) – Alphabet’s Google (GOOGL.O) has agreed to buy payments business Pring from backers including fintech firm Metaps Inc (6172.T) as the U.S. tech giant pushes into Japan’s rapidly growing market for cashless services. The startup’s three top shareholders – Metaps, software company Miroku Jyoho Service Co Ltd… Source link
Read More »SoftBank to pay ¥178.5 billion for licensing rights of Yahoo in Japan
Image: Getty Images The SoftBank-owned Z Holdings has agreed to take the licensing rights of Yahoo in Japan from Verizon Media’s hands for ¥178.5 billion. The agreement comes shortly after Verizon announced it was selling its media arm for $5 billion to private equity firm Apollo Global, which… Source link
Read More »SoftBank pays $1.6 bln for Yahoo Japan rights
People walk in front of a logo of Softbank Corp at its branch in Tokyo March 2, 2011. Yahoo Inc is in advanced talks to exit its joint venture in Japan with Softbank Corp, a move that could lead it to focus on reaching a decision on its China assets. REUTERS/Toru Hanai TOKYO, July 5 (Reuters) – SoftBank’s internet business Z Holdings Corp (4689.T) said on Monday it has agreed to pay Verizon Communications Inc (VZ.N) 178.5 billion yen ($1.61 billion) to secure the rights to Yahoo branding… Source link
Read More »SoftBank pays $1.6 billion for Yahoo Japan rights
TOKYO: SoftBank‘s internet business Z Holdings Corp said on Monday it has agreed to pay Verizon Communications Inc 178.5 billion yen ($1.61 billion) to secure the rights to Yahoo branding and technology in perpetuity in Japan. In contrast to the retreat of Yahoo in the United States, the brand remains a core part of SoftBank’s domestic internet business where the name adorns a web portal and services like shopping and weather. Verizon is offloading its media businesses including Yahoo and Source link
Read More »SoftBank pays $1.6 bln for Yahoo Japan rights
By Sam Nussey TOKYO, July 5 (Reuters) – SoftBank’s internet business Z Holdings Corp said on Monday it has agreed to pay Verizon Communications Inc 178.5 billion yen ($1.61 billion) to secure the rights to Yahoo branding and technology in perpetuity in Japan. In contrast to the retreat of Yahoo in the United States, the brand remains a core part of SoftBank’s domestic internet business where the name adorns a web portal and services like shopping and weather. Verizon is offloading… Source link
Read More »Japan to start antitrust probe on Apple, Google, Nikkei says
Takashi Mochizuki | Bloomberg The Japanese government will start investigating how Apple Inc. and Alphabet Inc.’s Google deal with Japanese smartphone makers, which could lead to tightening antitrust regulations, the Nikkei newspaper reported Sunday, without saying where it got the information. A government panel, which consists of officials, bureaucrats and external experts, will kick off the discussion this month as Apple’s iOS and Google’s Android software stands at more than 90% of… Source link
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