NEW YORK: Chief Executive Officer (CEO) of the Millennium Challenge Corporation (MCC), Alice Albright, held a courtesy meeting with Prime Minister KP Sharma Oli in New York. The meeting took place during the 79th General Assembly of the United Nations in New York, USA. According to sources, the two sides discussed the progress of the […]
KATHMANDU, DECEMBER 12: Following a prolonged delay of 67 days, the board meeting of the Millenium Challenge Account Nepal Development Board (MCA-Nepal) was convened on November 27. The very delay had much to do with Khadga Bahadur Bista, CEO of MCA-Nepal. He was unwilling to call any meeting because of the lack of progress in […]
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According to the National Reconstruction Authority (NRA), the reconstruction work of the Dharahara tower has been completed 70 per cent. NEA CEO Sushil Gyawali said that the reconstruction work of the tower is almost 70 per cent complete.
SoftBank reported a quarterly loss on Monday, as its Vision Fund unit was hit by a $10 billion loss due to a drop in the share price of its portfolio companies, as well as China's regulatory crackdown on tech companies. Even as the value of its assets declines, the Japanese tech conglomerate claims its stock is undervalued and plans to buy back nearly 15% of its stock for up to JPY 1 trillion. While SoftBank CEO Masayoshi Son has compared the company to a goose that lays "golden eggs," Monday's results highlight the investment industry's challenges. "We're in the middle of a blizzard," Son said at a press conference, adding that the Vision Fund's performance in the quarter was "not proud."
Nonetheless, he stated that the company was making steady progress toward doubling the number of "golden eggs" compared to the previous year. The group's most valuable asset, Alibaba, a Chinese e-commerce company, saw its value...
