Notizia

SoftBank Group Corp plans to cut at least 20% of staff at its Vision Fund investment arm, Bloomberg reported on Friday, after CEO Masayoshi Son pledged to reduce costs on a record $50 billion loss at the unit in the six months to June 30.

Indonesia's state-owned oil giant Pertamina, Asia's biggest gasoline importer, has deferred some of its gasoline deliveries for September ahead of planned government cuts to fuel subsidies which are likely to hit demand, traders said.

TOKYO (Reuters) -Japan's Nidec Corp, a major manufacturer of electric motors, has replaced its second-in-command and will choose the next president from within the company in the spring of 2024, it said on Friday.

TOKYO (Reuters) -Japanese Finance Minister Shunichi Suzuki said on Friday that Tokyo will take "appropriate" action as needed on the yen's slide to a fresh 24-year low against the dollar, signaling the chance of intervention to address market volatility.

The dollar was headed for its third weekly gain in a row and was near two-decade highs against other major currencies, as investors focused on U.S. jobs data due later on Friday that could bolster the case for aggressive interest rate hikes.

Japan's Nidec Corp, a major manufacturer of electric motors, has replaced its second-in-command - underlining the company's difficulties in finding a suitable leader to succeed founder Shigenobu Nagamori as CEO.

World stocks were heading for a 3% loss on the week while the dollar hit 24-year highs against the yen for a second day on Friday ahead of key U.S. jobs data, as investors brace for aggressive rate hikes from the Federal Reserve.

Asian shares struggled for direction on Friday and the dollar stood tall ahead of a key U.S. jobs report as investors braced for more aggressive rate hikes from the Federal Reserve, while fresh lockdowns in China fuelled concerns about global growth.

The dollar was headed for its third weekly gain in a row and stood near its highest levels in decades against the euro and yen on Friday, with investors in little mood for selling ahead of U.S. labour data that could bolster the case for aggressive interest rate hikes.