Japan's SoftBank reports record quarterly net loss
Japan's SoftBank Group on Monday reported a record quarterly net loss of $23.4 billion (€23bn), after interest rate hikes tanked tech shares. The telecom firm-turned-investment behemoth posted a net loss of 3.16 trillion yen, nosediving from a net profit of 761.5 billion yen in the same April-June period the previous year. "Global stock declines and the rapid depreciation of the yen" contributed to the slump, CEO Masayoshi Son told reporters. A company statement elaborated, blaming the "global... Читать дальше...