Recent Posts

Sony’s PlayStation heads for record year

Bloomberg Sony Corp. upgraded its earnings outlook for a second straight quarter, thanks to a plethora of hit video-game titles that are boosting the PlayStation business. Operating profit for the current fiscal year through March will be 870 billion yen ($7.72 billion), up from the prior forecast of 670 billion yen, the Tokyo-based company said in a statement on Tuesday. ...

Read More »

US-Japan tug of war keeps yen traders on their toes

Bloomberg A tug-of-war between Japanese and American traders has been keeping yen watchers busy in October, according to a pattern which has emerged in daily price moves for the currency several times this month. On those days, the yen has shown a tendency to strengthen during US trading hours, as stock market volatility sparks a flurry of haven bets, before ...

Read More »

UK targets tech giants with a digital services tax in 2020

Bloomberg Commonly seen as a tech-friendly hub, the UK is now targeting the likes of Alphabet Inc. and Facebook Inc. by introducing a digital services tax, joining the growing chorus against cash-rich tech giants. UK Chancellor of the Exchequer Philip Hammond unveiled the measure in his Autumn Budget in London. Aiming to raise 400 million pounds a year ($512 million) ...

Read More »
Send this to a friend