Softbank 'anxiously' monitoring Saudi Arabia situation: executive
Tuesday, 16 October 2018 Softbank Group Chief Operating Officer Marcelo Claure said on Tuesday it is "business at usual" at companies backed by its nearly $100 billion Vision Fund despite a tense situation with Saudi Arabia, which provided nearly half of the fund's capital.
SoftBank Group Corp saw its shares drop on Monday as fallout from the disappearance of a Saudi journalist spread to the Japanese conglomerate, whose nearly $100 billion Vision Fund is almost half financed by Saudi Arabia. As Laura Frykberg reports, the oil-rich kingdom has found itself threatened...
According to Reuters, A key monitoring committee of OPEC and its allies, including Russia, agreed on Wednesday on the need to cut oil output in 2019. Two sources familiar with the decision added that..