Day: September 5, 2020

SoftBank option purchases raise eyebrows as Wall Street backtracks

The trades were revealed just as Wall Street’s runaway technology-led rally was faltering. In August, SoftBank Chief Executive Masayoshi Son had announced a new investment management subsidiary that would park excess cash from a massive asset sale program in liquid stocks. In total, SoftBank injected roughly $4 billion building up stakes in Amazon.com Inc , Netflix Inc , Tesla Inc , Microsoft Corp and Alphabet Inc , according to regulatory filings.

A bumper kharif harvest, recovery in global food prices may bring cheers to farmers

The UN Food and Agriculture Organization’s Food Price Index has only gone upward in the last three months and annual food inflation based on the global index has also rebounded.

With India reporting a record high kharif sowing which may also lead to a bumper kharif harvest this season and with a recovery in global food prices, Indian farmers are expected to ride high. The UN Food and Agriculture Organization’s Food Price Index has only gone upward in the last three months and annual food inflation based on the global index has also rebounded from negative territory in August, The

Softbank takes Oyo’s Latin America business in own hands as virus infects Ritesh Agarwal’s startup giant

The Japanese multinational conglomerate will use part of its $5 billion Latin America fund to invest in the newly formed company called Oyo Latam.

After the coronavirus infected once the brightest star in Softbank’s investment portfolio Oyo, the investment firm has decided to take a direct role in the management of Ritesh Agarwal-founded startup’s Latin America business. Softbank, through a joint venture, will control all hotels in the LatAm region, Henrique Weaver, head of Oyo Brazil, told Reuters in an interview on Friday. The Japanese multinational conglomerate, which also happens to be the biggest investor in homegrown Oyo, will use