{"id":1999689,"date":"2023-08-14T00:41:02","date_gmt":"2023-08-14T04:41:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/rakuten-shares-jump-as-mobile-losses-narrow\/"},"modified":"2023-08-14T00:42:22","modified_gmt":"2023-08-14T04:42:22","slug":"rakuten-shares-jump-as-mobile-losses-narrow","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/rakuten-shares-jump-as-mobile-losses-narrow\/","title":{"rendered":"Rakuten&#8217;s shares surge as mobile losses shrink."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Frakuten-shares-jump-as-mobile-losses-narrow%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1999689&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<h2>Shares Surge as \u200cRakuten Group Reports Narrowing Losses<\/h2>\n<p>By Anton Bridge<\/p>\n<p>TOKYO (Reuters) \u2013 Rakuten Group shares surged on Monday morning after the e-commerce giant reported <strong>narrowing\u2064 losses<\/strong> at its\u200b <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/rakuten-shares-jump-as-mobile-losses-narrow\/\" title=\"Rakuten's shares surge as mobile losses shrink.\">cash bleeding\u200c mobile unit<\/a> last week alongside assurances that it can \u200ccover its\u2064 debt burden for the next financial year.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>Shares jumped as much as 5.2% when markets opened, hitting 596.9 \u200cyen before shedding some gains. Japanese markets were closed on Friday for \u200ba holiday.<\/p>\n<p>The\u2063 April-June period was Rakuten\u2019s 12th straight quarter of losses as its mobile offering\u200c has failed to bring in the customers to cover the immense costs of building out \u200dthe network.<\/p>\n<p>But <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ride-hailing-firm-lyft-slams-brakes-on-u-s-hiring-as-recession-fears-mount\/\" title=\"Ride-hailing firm Lyft slams brakes on U.S. hiring as recession fears mount\">cost-cutting efforts<\/a> appear to be bearing fruit.<\/p>\n<p>A Jefferies research note published after last\u2062 Thursday\u2019s earnings release credited\u2062 Rakuten\u2019s roaming agreement with KDDI, one of Japan\u2019s three incumbent networks, as enabling cost improvements at the \u2062newcomer.<\/p>\n<p>Rakuten\u2063 has taken to publicly listing its more successful units to generate cash, \u2064listing its \u2063internet banking business \u2013 Rakuten Bank \u2013 in April and applying to\u2063 list its securities \u200cbusiness in July.<\/p>\n<p>Last week, Rakuten also announced plans to consolidate its payments and points \u200bbusinesses and fold them \u200dinto Rakuten Card, its credit card and loans unit. It left open \u200bthe possibility of \u200blisting the business in the \u2064future.<\/p>\n<p>Rakuten also committed to taking on\u200c no additional gross debt,\u200d instead using equity-related financing to reduce its debt burden.<\/p>\n<p>The\u200d group has a\u2063 total of 1.9 trillion yen ($13.11 billion) in\u2064 debt, with 406 billion yen due \u200bin 2024 and a further 430 billion yen in 2025, according to Refinitiv data.<\/p>\n<p>($1 = 144.9500 yen)<\/p>\n<\/p>\n<p>  \u200c (Reporting by \u2062Anton Bridge; Editing by Jacqueline Wong)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/rakuten-shares-jump-as\/attachment\/the-logo-of-rakuten-is-pictured-in-yokohama\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Tucker Carlson&#8217;s Bombshell Interviews Shake the News Cycle<\/h3>\n<p>Since being removed from the\u2063 Fox \u200cNews lineup, Tucker Carlson has held bombshell interviews that have driven news cycles.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>David Weiss \u2064Becomes Special Counsel in Hunter Biden \u2064Probe<\/h3>\n<p>David Weiss \u2064becomes Special Counsel in the Hunter Biden probe, \u2064while\u2063 Sam Bankman-Fried trades his mom\u2019s\u2062 basement\u200b for a jail cell.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Should Trump Participate\u200d in the First \u2064GOP Presidential Debate?<\/h3>\n<p>With \u200dless than two weeks before the first GOP Presidential \u2064debate, media and political strategist Adam Weiss says it would be beneficial for Trump not to participate.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Frustration Mounts Over Lack of Answers \u2062from Biden Administration<\/h3>\n<p>The lack of answers from the\u200b Biden Administration continues to cause frustration from families \u200dwho lost \u200dloved ones during\u2064 the U.S. withdrawal from Afghanistan.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>SK Telecom to Invest $100 Million in U.S. AI Firm Anthropic<\/h3>\n<p>SEOUL (Reuters) \u2013 South Korea\u2019s largest telco SK \u200dTelecom said it will invest $100 million in U.S. artificial intelligence firm Anthropic to\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Iraq Lifts Ban on Telegram Messaging App<\/h3>\n<p>ERBIL \u200c(Reuters)\u2064 &#8211; Iraq\u2019s telecoms ministry said it\u2063 will lift \u200ca ban on the \u200cTelegram messaging app on Sunday, which was \u2064imposed \u2064earlier\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>GQG Partners Increases Stake in Nvidia Corp<\/h3>\n<p>NEW YORK (Reuters) \u2013 Australia-listed investment\u200d firm GQG Partners\u2063 added more shares of Nvidia Corp in\u200d the second quarter, ending June with\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>California Firefighters Use AI to Spot Wildfires<\/h3>\n<p>By Daniel Trotta EL CAJON, California (Reuters) \u2013 California firefighters are using artificial intelligence to help\u200b spot wildfires, feeding video from\u2064 more\u2026 <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Rakuten Group&#8217;s shares soared by 5.2% to 596.9 yen as markets opened, following the e-commerce giant&#8217;s announcement of reduced losses at its mobile unit and reassurances of debt coverage for the upcoming financial year.<\/p>\n","protected":false},"author":66,"featured_media":1999690,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1999689","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1999689","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1999689"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1999689\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1999690"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1999689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1999689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1999689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}