SoftBank shares tank near 19%, wiping off $4.6 billion from founder Masayoshi Son's fortune
SoftBank Group shares tanked nearly 19% on Monday amid a global sell-off, wiping off billions of dollars from founder Masayoshi Son's fortune.
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U.S. stocks plunge as recession fears hurt risk appetite
(Reuters) -- Wall Street's main indexes slumped on Monday as risk appetite among investors dropped on fears of a U.S. recession following weak economic data last week, sending tremors across global markets.
Japan stocks dive 4,451 points, more than Black Monday in 1987
TOKYO -- Japan's benchmark Nikkei Stock Average recorded its worst-ever daily sell-off on Monday, losing 4,451.28 points from the previous day's closing amid panic selling triggered by fears of a possible U.S. recession and the yen's strength.
U.S. stocks plunge as recession fears jolt global markets
(Reuters) -- Wall Street's main indexes slumped on Monday as fears of the United States tipping into recession following weak economic data last week rippled through global markets.
Honda to report record Q1 $3bn-plus profit on strong U.S. hybrid sales
TOKYO -- Honda Motor is set to report a group operating profit surpassing 450 billion yen ($3.08 billion) for the first quarter ended June, it was learned Monday, a new quarterly record fueled by strong sales of hybrid vehicles in the U.S. market.
Can Prabowo’s economic policies steer Indonesia through troubled waters?
“We see that global geopolitical escalation [creates] challenges for global commodity prices…,” said Arsjad.
High temperatures scorch China, spiking power demand
Various regions in China continue to bake as temperatures remain elevated, especially in the country's east, where excessive heat is expected to linger in the provinces of Jiangsu and Zhejiang as well as in financial hub Shanghai.
Bitcoin, ether hit multi-month lows as recession worries take hold
Bitcoin and ether plunged on Monday (Aug 5) to multi-month lows as worries over a possible US recession in the wake of soft data gripped financial markets and triggered a rush to safe-haven assets.