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Companies & Markets

SoftBank shares jump after CEO says to invest US$50b in US

Published Wed, Dec 7, 2016 · 12:58 AM
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[TOKYO] Shares of SoftBank Corp soared to their highest level in more than a year on Wednesday after Chief Executive Masayoshi Son said he would invest US$50 billion in US businesses.

Mr Son made the announcement after meeting US President-elect Donald Trump in New York.

SoftBank rose as much as 5.1 per cent to 7,311 yen, the highest since Aug 2015.

REUTERS

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