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...
As of now, world No. 1 Rafael Nadal and No. 2 Novak Djokovic are still scheduled to play in a December exhibition in Saudi Arabia, Deadspin reports. The players have yet to decline the invitation even..
According to a report by Reuters, on Tuesday, Saudi Arabia's crown prince said that, despite a boycott over missing journalist Jamal Khashoggi, a Saudi investment conference drew in 50 billion dollars..