2 Min Read
TOKYO (Reuters) - Japanese e-commerce firm Rakuten Inc said on Friday it would sell an 8.32% stake to postal and banking giant Japan Post Holdings Co Ltd, deepening a logistics tie-up in the face of competition from rivals such as Amazon.com Inc.
FILE PHOTO: The logo of Rakuten is pictured at the headquarters of Rakuten in Tokyo, Japan, May 15, 2019. REUTERS/Sam Nussey
Rakuten, which plunged to an operating loss in 2020, is under pressure on multiple fronts as it battles Amazon in e-commerce and takes on Japan’s cash-rich telcos with its own mobile network.
“Rakuten is the best partner for us, as it has advanced digital technology,” Japan Post Holdings Chief Executive Hiroya Masuda told a news conference.
By Reuters Staff
1 Min Read
TOKYO, March 12 (Reuters) - Japan Post Holdings Co and mobile phone operator Rakuten Inc have decided to form a capital alliance, public broadcaster NHK said on Friday.
The report drove shares in Rakuten up 7% and Japan Post up 2% in early afternoon trade in Tokyo. (Reporting by Chang-Ran Kim; Editing by Clarence Fernandez)
THE NUMBER of local people registered for postal voting at the forthcoming election to the Scottish Parliament has now reached 4,000, and is expected to rise further over the coming weeks. A number of candidates have voiced at least some concern that the increased number of...
Blue Dart Express climbed 2.55% to Rs 5493.80, extending its winning run to fifth consecutive trading session.Shares of Blue Dart rallied 18.5% in five trading days from its previous closing low of Rs 4636.65 on 4 March 2021. The counter hit a 52-week high of Rs 5,526.25 in intraday today. The counter is up 195% from its 52-week low of Rs 1860 posted on 17 August 2020.
In last one-month, Blue Dart added 19.37% compared with a 8.87% rise in S&P BSE Small Cap index.
On the technical front, the stock's RSI (relative strength index) stood at 79.354. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.
2 Min Read
TOKYO (Reuters) - Japanese e-commerce firm Rakuten Inc said on Friday it would sell an 8.32% stake to postal and banking giant Japan Post Holdings Co Ltd, deepening a logistics tie-up in the face of competition from rivals such as Amazon.com Inc.
FILE PHOTO: The logo of Rakuten is pictured at the headquarters of Rakuten in Tokyo, Japan, May 15, 2019. REUTERS/Sam Nussey
Rakuten, which plunged to an operating loss in 2020, is under pressure on multiple fronts as it battles Amazon in e-commerce and takes on Japan’s cash-rich telcos with its own mobile network.
“Rakuten is the best partner for us, as it has advanced digital technology,” Japan Post Holdings Chief Executive Hiroya Masuda told a news conference.
U.S. airline passenger traffic fell 63.3% in January, as the industry recorded its worst month since September amid COVID-19 concerns, the U.S. Transportation Department said Friday.
FedEx Corp's chief executive, Frederick Smith, will testify before Congress on Wednesday as U.S. lawmakers begin a fast push for a massive hike in infrastructure spending and drive toward electric vehicles, congressional aides said Thursday.
Two U.S. Postal Service employees were arrested Wednesday on charges that they abused their positions to purchase postal money orders with thousands of dollars in California unemployment benefits obtained through false claims of pandemic-related job losses, authorities said.
Unions in Italy said on Thursday they had called on workers at Amazon's logistics operations in the country to go on a 24-hour strike on March 22 after talks with a business lobby group over working conditions of delivery service suppliers broke down.
3 Min Read
WASHINGTON (Reuters) - U.S. Postmaster General Louis DeJoy told lawmakers on Thursday that there are still “extreme delays” in some mail deliveries and that a 10-year strategic plan will revise existing service standards.
FILE PHOTO: United States Postal Service Postmaster General Louis DeJoy attends a House Oversight and Reform Committee hearing on "Legislative Proposals to Put the US Postal Service on Sustainable Financial Footing" on Capitol Hill in Washington, DC, U.S., February 24, 2021. Graeme Jennings/Pool via REUTERS
DeJoy also informed lawmakers in a letter seen by Reuters that the U.S. Postal Service (USPS) needs about $8 billion to electrify its forthcoming delivery vehicles fleet to the “maximum extent” feasible.