Daily Management Review
Business & Finance

SoftBank reports record profits for the year

Japan's SoftBank Group reported its fiscal year 2020, which ended at the end of March. Its net profit for the period was 5.1 trillion yen ($46.9 billion), a record annual net profit for a Japanese company. A year earlier, the SoftBank Group reported a loss of 962 billion yen ($8.8 billion). The...

Bitcoin Derivatives To Be Offered To Its Investors By Goldman Sachs: Bloomberg News

According to a recently published report in Bloomberg News, trading with a derivative tied to bitcoin prices for Wall Street investors will be allowed from now on by Goldman Sachs Group Inc.   The report said the trading with non-deliverable forwards that eventually pay out in cash has been...

Analysts Expect Japan Automakers To Likely Report Fall In Profit But Investors To Focus On Chip Shortage

Investors in Japanese auto companies will be looking out for trading cues given by the companies about their assessment of the future impact of the global chip shortage that has forced major auto companies around the world to curb production even as the analysts expect the biggest auto makers of...

Goldman Sachs sets up a division for cryptocurrency trading

Goldman Sachs has become the first major US investment bank to establish a cryptocurrency trading desk. The team has already successfully traded two types of bitcoin-related derivatives. Goldman Sachs has officially launched the era of cryptocurrency trading on Wall Street. The bank has officially...

As Governments Mull Patent Waiver Stocks Of Covid-19 Vaccine Maker Shares Sink

With governments considering plans for waiving off of patent protection for Covid-19 vaccines, there was a fall in the shares of vaccine makers. Analysts however said that   investor sentiment could be rattled or impact long term business prospects.   There were some analysts who...

India Leaves Out Chinese Firms Huawei And ZTE From 5G Trials

India became the latest country to keep the Chinese telecom equipment making companies Huawei and ZTE from its 5G trials. This decision was taken by the telecom ministry of the country.   In an announcement for entry of telecom companies into the roll out of 5G networks in India, permission...

Verizon To Sell Off Yahoo And AOL For $5 Billion

The media business of Verizon Communications Inc will be sold off by the company. These businesses include those of the iconic brands Yahoo and AOL. The company expects to generate $5 billion from those deals. This move will bring an end to the expensive and unsuccessful foray of the company in the...

Ford And BMW To Participate In $130M Investment Round In Solid-State Battery Startup

A $130 million funding round in a solid-state battery startup, Solid Power, is being led by Ford Motor Co and BMW AG, the companies said in Monday. Car maker all over the world are trying to push down the costs of electric vehicles through investments in development of affordable but powerful...

Pfizer's first-quarter net profit rises 1.5 times

Net profit of pharmaceutical company Pfizer Inc. attributable to shareholders in the first quarter of 2021 rose almost 1.5 times to $4.877 billion, according to the financial statements of the US corporation. Diluted earnings per share for January-March were $0.86 compared to $0.6 a year earlier....

Pandora refuses natural diamonds, opts for synthetic gemstones

Jewellery house Pandora, which produces the largest amount of jewellery in the world, will no longer use natural diamonds. The brand is abandoning another natural material for ethical reasons, AlJazeera reported on May 4. The maker of affordable jewellery will now produce diamonds in laboratories,...
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