Bloomberg The slump in SoftBank Group Corp’s shares could prompt Masayoshi Son to play an ace card — cashing in part of his stake in Alibaba Group Holding Ltd. Son is likely to sell Alibaba stock to help pay for another buyback in an attempt to bolster SoftBank shares, according to Jefferies Group analyst Atul Goyal. It’s a surprise the ...

Bloomberg Inflows into Indian equity funds shrunk to the lowest in more than three years last month after the record-hitting rally in stocks despite a faltering economy gave investors pause. Stock plans received 13.1 billion rupees ($184 million) in November, according to the Association of Mutual Funds in India. That compares with 60.2 billion received in October, and is the ...

Bloomberg LOLC Holdings Plc, Sri Lanka’s second-largest publicly traded company by revenue, plans to sell its stake in a unit in Cambodia and use the proceeds to fund acquisition of microfinance firms in emerging markets from Brazil to India. LOLC Holdings plans to sell its 70% stake in Prasac Microfinance Institution Ltd, which also counts Hong Kong’s Bank of East ...

Bloomberg Japan’s bonds rebounded as an advance in the benchmark yield to zero for the first time in nine months lured investors back. The 10-year yield dropped to minus 0.025% after climbing to 0% earlier on Tuesday. Japanese bond futures also bounced back from a one-year low. “There is extremely strong demand from investors when the 10-year yield touches zero,” ...

Bloomberg The Indonesian government says the European Union’s (EU) tariffs on the Asian nation’s biodiesel shipments are “unacceptable” and all options to counter the policy are on the table, including retaliatory actions. The EU imposed five-year tariffs on Indonesian biodiesel imports to counter alleged subsidies to producers of the fuel, which is typically made from palm oil and other fats ...

Bloomberg The billionaire behind six-month-old Vietnamese auto startup VinFast plans a feat even Toyota Motor Corp and Hyundai Motor Co couldn’t pull off during their early days: sell a car in the US. Pham Nhat Vuong, the Southeast Asian country’s richest man and now in charge of the new automaker, is so intent on exporting electric vehicles to the lucrative ...

Bloomberg China’s top leadership will set the target for economic growth at “about 6%” for 2020 as they meet this week for their annual policy conclave, according to a survey of economists. The central Economic Work Conference meeting began Tuesday and will wrap up on Thursday, according to people briefed on the plans, right as negotiators aim to finalise a ...

Bloomberg Nissan Motor Co is set to be fined 2.4 billion yen ($22 million) for underreporting former chairman Carlos Ghosn’s compensation, Japan’s securities regulators said. The Securities and Exchange Surveillance Commission made the recommendation just over one year after Ghosn’s arrest, which shocked the auto industry and triggered turmoil at the Japanese automaker and its alliance partner, Renault SA. Ghosn, ...

Bloomberg Platinum and gold mines in South Africa stopped operations as the country was hit by record levels of rolling blackouts that are crippling key parts of the economy, threatening another recession. Producers including Sibanye Gold Ltd, the world’s biggest platinum miner, recalled workers from underground and stopped milling ore after state-owned power utility Eskom Holdings SOC Ltd announced it ...

Bloomberg Zimbabwe’s state-owned Zesa Holdings Ltd escalated power cuts to as long as 24 hours after losing regional power imports and local generation capacity remains critically constrained. The power utility has a non-binding agreement to import as much as 400 megawatts of power from South Africa’s Eskom Holdings SOC Ltd, which is unable to meet local demand and has implemented ...