Sony profits soar nearly seven-fold to $4.5 bn

Sony on Friday reported profits worth $4.5 billion, extending a roaring recovery supported by better sales almost across the board, including with box office blockbusters like its Jumanji reboot.

Japan's SoftBank prepares listing of mobile unit

Japanese telecoms giant SoftBank on Wednesday said it had begun preparing to list its mobile unit in a move reports said could raise up to $18 billion, making it one of the country's biggest ever initial public offerings.

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