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SoftBank Telco IPO Sees Strong Demand Despite Huawei, Network Disruption

“Domestic investors will buy more than 80 percent of the offering” writes Min Read for reuters.com. TOKYO (Reuters) – Domestic investors have sought nearly double the number of shares offered by SoftBank Group Corp’s (9984.T) soon-to-list wireless unit, two sources from a lead IPO underwriter said, underscoring strong demand for Japan’s third-largest telco. Source: reuters.com Share This:

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Japan business confidence steady but outlook sours, survey shows

“Both manufacturers and non-manufacturers were more pessimistic about the business outlook three months ahead, a sign they are only just starting to feel the pinch from global trade tensions” writes Shiho Fukada for cnbc.com. International trade frictions, slowing business spending and corporate profit growth have raised risks to Japan’s export-led economy.Confidence among Japan’s big firms remained unchanged from three months ago, a closely-watched central bank survey showed, but sentiment on the outlook soured for the first time in three quarters as trade frictions and global growth concerns hurt the business…

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Japan’s business mood, capex steady but outlook sours: BOJ tankan

“But global trade frictions and a slowdown in China have raised risks to Japan’s export-driven economy” writes Midwest Communications Inc for 95kqds.com. Both manufacturers and non-manufacturers were more pessimistic about the business outlook three months ahead, a sign they are only just starting to feel the pinch from global trade tensions.”But you can’t rule out the possibility of a downward revision in spending plans, depending on the outlook for global trade and Japan’s exports,” he said.”The solid tankan results probably diminished any speculation the BOJ could ease further amid slowing…

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The Gods That Will Fail

“Having scorned religion, though, we now seek a religious mode of politics, and some of us have transformed Trump, like Augustus Caesar before him, into a god” writes Graeme Wood for theatlantic.com. Religion once provided the feeling of spiritual satiety that allowed us to be content with the hollowness of liberal politics, which are fundamentally procedural rather than meaningful. Source: theatlantic.com Share This:

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Japan’s Softbank to replace Huawei with Nokia and Ericsson as espionage fears grow

“Japanese telecoms giant Softbank is to remove Huawei equipment from its network, replacing it with 4G technology from the Chinese company’s rivals” writes Matthew Field for telegraph.co.uk. A Softbank spokesman said the report in Nikkei was “based on speculation” and that no decision had been made.Softbank Corp, part of the tech giant Softbank Group, is the only telecoms operator in Japan that uses equipment from the Chinese supplier, which is considered to be better value than some rivals. Source: telegraph.co.uk Share This:

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Japan’s SoftBank to shun Huawei in favor of Ericsson, Nokia equipment: Nikkei

“SoftBank, Japan’s third-largest telco, will also order equipment for its next generation 5G network from the two European suppliers instead of Huawei, Nikkei reported” writes Midwest Communications Inc for 95kqds.com. TOKYO (Reuters) – SoftBank Group Corp plans to replace 4G network equipment from China’s Huawei Technologies Co Ltd with hardware from Nokia and Ericsson, Nikkei reported on Thursday, without citing sources.Replacing the 4G equipment, which Nikkei reported will be done over several years, is likely to be time-consuming and expensive, industry sources have said. Source: 95kqds.com Share This:

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Japan’s SoftBank prices IPO, to raise $23.5 billion with overallotment

“The IPO price and overallotment came just days after Japan’s third-largest mobile phone network provider by subscriber numbers suffered rare nationwide service outage” writes Midwest Communications Inc for 95kqds.com. Its 5 percent dividend yield – a percentage of dividend income against the stock price – is among the highest in Japan.SoftBank said the disruption would not affect its earnings and dividend forecast made on Nov. 12. Brokerages said SoftBank likely set the indicative price of its shares at 1,500 yen – rather than a price range, as is the norm…

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Asia’s outlook darkens as factory activity slips, new orders fall

“While factory activity rose slightly in China, new export orders extended their decline in a further blow to a sector already hurt by Sino-U.S. trade frictions” writes Midwest Communications Inc for 95kqds.com. TOKYO (Reuters) – Asia’s economic prospects looked gloomy as factory activity and export orders weakened across the region in November, with analysts expecting no quick rebound amid simmering global trade frictions.China’s manufacturing sector activity grew slightly in November but new export orders shrank, reflecting weakening global demand, a private survey showed.Japan’s economy shrank an annualized 1.2 percent in…

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SoftBank Becomes First Japan Firm to Forgo IPO Price Range, Keeps View at 1,500 Yen

“In IPOs, companies usually set an indicative price range after receiving feedback from institutional investors on initial price estimates” writes Min Read for reuters.com. Bankers, who said it was the first time a firm had foregone a price range in a Japanese IPO, spoke on condition of anonymity.Bookbuilding for SoftBank Corp starts on Monday with a final price set on Dec. 10.The price was unchanged from the estimate that SoftBank Corp [9434.T], the domestic telecommunications subsidiary of Japan’s SoftBank Group Corp (9984.T), announced when it launched the initial public offering…

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