Deals - Asia Headlines

SoftBank to gain $34 billion from cutting Alibaba stake

TOKYO (Reuters) -SoftBank Group Corp said on Wednesday it would book a gain of $34.1 billion by cutting its stake in Alibaba Group Holding, as the investment behemoth looks to shore up its cash reserve to weather the market downturn.

Saudi Arabia invests $1.3 billion in four Egyptian firms

CAIRO (Reuters) -The Saudi Egyptian Investment Co (SEIC), owned by Saudi Arabia's state-owned Public Investment Fund (PIF), has bought minority stakes in four Egyptian companies for $1.3 billion, Egypt's planning ministry said on Wednesday.

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