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Japan`s GDP Growth Slows in Q3 Amid Weak Exports by Amit Gupta, Kedia Advisory Japan's GDP grew 0.9% year-on-year in Q3, slightly exceeding expectations but marking a sharp slowdown from the previous quarter's revised 2.2%. Quarter-on-quarter, growth was just 0.2%, driven primarily by private consumption, which grew 0.9%, far surpassing expectations. However, external demand fell by 0.4%, signaling challenges for exporters amid a stronger yen earlier in the quarter. Inflation growth also slowed, as indicated by a softer GDP price index. The subdued GDP data cast...
Japan`s GDP Growth Slows in Q3 Amid Weak Exports by Amit Gupta, Kedia Advisory
Japan`s GDP Growth Slows in Q3 Amid Weak Exports by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-16 09:55:51 am
India poised to surpass Japan in GDP ranking by 2025 India's gross domestic product could soon become larger than Japan's, making it the world’s fourth-largest economy, according to a Japanese media report on Thursday.  The article, published in Japan Times, is based on discussions with some economists from Japan including Marcel Thieliant, head of Asia-Pacific for Capital Economics. "Based on our existing forecasts, we had expected India to overtake Japan in 2026. The forecasts are currently being reviewed in ligh...
India poised to surpass Japan in GDP ranking by 2025
India poised to surpass Japan in GDP ranking by 2025
Source: IANS
2024-11-14 03:58:35 pm
Japan mulls $65 billion in public support for AI, chips Japanese Prime Minister Shigeru Ishiba has unveiled a plan to introduce a new framework for providing over 10 trillion yen (about $65 billion) in public support over the coming years to bolster AI and semiconductor industries through 2030, local media reported.  The initiative seeks to stimulate private sector investment, aiming to spur over 50 trillion yen in public and private investment combined over the next decade, reports Xinhua, quoting the public broadcaster NHK. To support...
Japan mulls $65 billion in public support for AI, chips
Japan mulls $65 billion in public support for AI, chips
Source: IANS
2024-11-12 04:19:44 pm
Japan to push for biofuel-compatible new cars by 2030s Japan plans to encourage automakers to make all new passenger cars biofuel-compatible by the early 2030s in an effort to reduce carbon dioxide emissions from gasoline vehicles, local media reported.  The new goal, unveiled by the industry ministry at a subcommittee meeting, aims to urge oil wholesalers to begin supplying gasoline blended with up to 10 per cent bioethanol by fiscal 2030, with plans to increase the share to 20 per cent by fiscal 2040, reports Xinhua news agency, quoting...
Japan to push for biofuel-compatible new cars by 2030s
Japan to push for biofuel-compatible new cars by 2030s
Source: IANS
2024-11-12 03:56:49 pm
Tokyo stocks end mixed amid caution before Japan PM vote Tokyo stocks ended mixed on Monday amid a risk-off mood as Japan's lower house held a runoff vote to choose the Prime Minister for the first time in three decades.  Leader of Japan's Liberal Democratic Party (LDP) Shigeru Ishiba was re-elected as the country's Prime Minister on Monday after securing the most votes in both houses of the Japanese Diet. Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 32.95 points, or 0.08 per cent, fr...
Tokyo stocks end mixed amid caution before Japan PM vote
Tokyo stocks end mixed amid caution before Japan PM vote
Source: IANS
2024-11-12 08:59:46 am
Exploring famous foods from different countries Exploring famous foods from different countries is a wonderful way to experience the flavors, traditions, and cultural richness each place has to offer. Here are some iconic dishes from various countries: 1. Italy Pizza (especially from Naples): Authentic Italian pizza is made with fresh tomato sauce, mozzarella, and a thin, crispy crust. Pasta: Italy is known for countless pasta varieties like carbonara, Bolognese, and pesto. Gelato: Creamier than regular ice cream, Italian gelat...
Exploring famous foods from different countries
Exploring famous foods from different countries
Source: InvestmentguruIndia
2024-11-05 02:46:57 pm
Japan lowers growth forecast amid auto export slowdown Japan's cabinet office on Friday lowered its growth forecast for the current fiscal year to an expansion of 0.7 per cent in inflation-adjusted real terms, down from a previous projection of 0.9 per cent in July.  The downward revision reflected delays in the recovery of automobile exports, impacted by certification-related issues with certain manufacturers. The new forecast, released by the government at a meeting of the Council on Economic and Fiscal Policy, was also slightly ...
Japan lowers growth forecast amid auto export slowdown
Japan lowers growth forecast amid auto export slowdown
Source: IANS
2024-11-02 08:56:40 am
Yen tumbles after Japan election, dollar set for biggest monthly rise since 2022 The yen hit three-month lows on Monday as investors figured the loss of a parliamentary majority for Japan's ruling coalition in weekend elections would slow interest rate rises, while the U.S. dollar headed for its biggest monthly gain since April 2022. The dollar rose by as much as 1% to a high of 153.88, the yen's weakest level since late July. The yen was last down about 0.2% on the dollar at 152.65, bringing the decline in October to 6.4%, the largest of any G10 currency. A...
Yen tumbles after Japan election, dollar set for biggest monthly rise since 2022
Yen tumbles after Japan election, dollar set for biggest monthly rise since 2022
Source: Reuters
2024-10-28 09:16:13 am
Oil slides on Mideast respite, yen down as Japan government loses majority The yen hit a three-month low on Monday as Japan's ruling party lost its parliamentary majority, while oil tumbled after Israel's weekend strike on Iran bypassed oil or nuclear targets. Japan's Nikkei, after initially falling, rose 1.6% and the yen slipped as far as 0.5% to 153.3 per dollar following the ruling Liberal Democratic Party's (LDP) weakest result since 2009 in Japan's weekend election. Brent crude futures were 4.2% lower and traded as cheaply as $67.80 a ...
Oil slides on Mideast respite, yen down as Japan government loses majority
Oil slides on Mideast respite, yen down as Japan government loses majority
Source: Reuters
2024-10-28 08:56:24 am
Japan`s key stock index plunges after ruling party election Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, plunged more than 4 per cent on Monday after former Defence Minister Shigeru Ishiba was elected head of the ruling Liberal Democratic Party.  The sharp decline saw the index dive more than 4.6 per cent at one point as Ishiba has shown a positive stance towards increasing taxes on financial income and corporate taxes, raising concerns about his economic policies in the stock market and leading to a wave of se...
Japan`s key stock index plunges after ruling party election
Japan`s key stock index plunges after ruling party election
Source: IANS
2024-09-30 12:00:08 pm
MakeMyTrip Partners with 10 Leading Airlines and ICICI Bank to Boost International Business Class Travel As India’s travel landscape continues to evolve, premium experiences are becoming a priority for many travelers. According to MakeMyTrip’s latest How Indians Travel Abroad report, there has been a 10% increase in searches for international business class flights between 2023 and 2024. Traditionally associated with long-haul destinations such as the USA and the UK, the trend is now extending to shorter routes, including destinations like Hong Kong, Sri Lanka, Japan, and S...
MakeMyTrip Partners with 10 Leading Airlines and ICICI Bank to Boost International Business Class Travel
MakeMyTrip Partners with 10 Leading Airlines and ICICI Bank to Boost International Business Class Travel
Source: PR Agency
2024-09-28 02:15:35 pm
Tokyo stocks extend gains amid Japan`s ruling party election Tokyo stocks continued their upward trend on Friday as the country's ruling party held an election for a new leader to succeed outgoing Fumio Kishida.  Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, jumped 2.32 per cent, or 903.93 points, to close at 39,829.56, marking the first time in almost two months to surpass the 39,000 threshold, Xinhua news agency reported. Lawmakers from Japan's ruling Liberal Democratic Party (LDP) started voting for...
Tokyo stocks extend gains amid Japan`s ruling party election
Tokyo stocks extend gains amid Japan`s ruling party election
Source: IANS
2024-09-27 04:42:25 pm
China stocks set for best week since 2008; Japan leadership contest in focus Chinese stocks are headed for the best week since 2008 as Beijing rolled out a huge stimulus package to revive the economy, lifting Asian shares to 2-1/2-year highs, while a sharp fall in oil prices bodes well for disinflation globally. The yen retreated to three-week lows ahead of a leadership contest of Japan's ruling Liberal Democratic Party on Friday, as investors looked to gauge what it could mean for the country's rate hike path. In the United States, the core personal con...
China stocks set for best week since 2008; Japan leadership contest in focus
China stocks set for best week since 2008; Japan leadership contest in focus
Source: Reuters
2024-09-27 08:22:02 am
LG Chem to supply cathode materials to Japanese battery firm PPES LG Chem, South Korea's leading chemical company, said on Sunday it plans to supply cathode materials to Prime Planet Energy and Solutions (PPES), a Japanese battery joint venture established between Toyota Motor and Panasonic.  LG Chem said it has secured PPES as a new customer as part of its global expansion strategy, and it plans to supply cathode materials to the Japanese firm starting in 2026, reports Yonhap news agency. In line with PPES' low-carbon vision, LG Chem sai...
LG Chem to supply cathode materials to Japanese battery firm PPES
LG Chem to supply cathode materials to Japanese battery firm PPES
Source: IANS
2024-09-22 06:03:10 pm
Japan`s Sumitomo Corp enters renewable energy market in India Japanese trading house Sumitomo Corp has entered India's renewable energy market by creating a joint venture with Indian renewable energy company AMPIN Energy Transition, Sumitomo said on Friday. Sumitomo, which holds 49% in the JV with AMPIN Energy Transition having the rest, said the two planned to supply energy from solar and wind to clients in India and to make 100 billion yen ($710 million) in total investments in the project. Sumitomo plans further expansion in the renewable e...
Japan`s Sumitomo Corp enters renewable energy market in India
Japan`s Sumitomo Corp enters renewable energy market in India
Source: Reuters
2024-09-13 02:32:30 pm
Indian beauty, personal care market to soar higher than China, Japan, South Korea  India is set to become one of the world's most influential markets for beauty and personal care -- soaring higher than China, the US, Japan, and South Korea, according to a report.  The report by online beauty and fashion marketplace Nykaa showed that India is set to see a 10-11 per cent growth by 2028 and will reach $ 34 billion in the beauty, and personal care market. "India is the fastest growing beauty and personal care market globally, expected to reach $ 34 bil...
Indian beauty, personal care market to soar higher than China, Japan, South Korea
Indian beauty, personal care market to soar higher than China, Japan, South Korea
Source: IANS
2024-09-05 11:10:02 am
South Korea, Japan discuss ways of strengthening economic ties Finance Minister Choi Sang-mok met new Japanese Ambassador to South Korea Koichi Mizushima on Wednesday, and they discussed ways to bolster bilateral economic ties, officials said.  During the meeting, Choi told Mizushima that South Korea and Japan are "important trade partners to each other," the Ministry of Economy and Finance said, reports Yonhap news agency. The bilateral financial ministerial dialogue, which resumed in 2023 after a seven-year hiatus, has proven to be...
South Korea, Japan discuss ways of strengthening economic ties
South Korea, Japan discuss ways of strengthening economic ties
Source: IANS
2024-08-21 05:53:10 pm
India inks pact to export green ammonia to Japan India has signed an agreement for the export of green ammonia to Japan marking a significant step forward in the country’s journey to becoming a global leader in green energy in green hydrogen and ammonia production, the Ministry of New & Renewable Energy (MNRE) said.  The Heads of Terms (HoT) project offtake agreement was signed between Sembcorp Industries, Sojitz Corporation, Kyushu Electric Power and NYK Line solidifying a cross-border green ammonia supply partnership fro...
India inks pact to export green ammonia to Japan
India inks pact to export green ammonia to Japan
Source: IANS
2024-08-21 12:04:33 pm
Maruti Suzuki India rides high on commencing export of sports utility vehicle ‘Fronx’ to Japan Maruti Suzuki India is currently trading at Rs. 12202.85, up by 37.20 points or 0.31% from its previous closing of Rs. 12165.65 on the BSE. The scrip opened at Rs. 12294.70 and has touched a high and low of Rs. 12294.70 and Rs. 12130.00 respectively. So far 2745 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 13675.00 on 01-Aug-2024 and a 52 week low of Rs. 9256.75 on 16-Aug-2023. Last one week high and low of t...
Maruti Suzuki India rides high on commencing export of sports utility vehicle ‘Fronx’ to Japan
Maruti Suzuki India rides high on commencing export of sports utility vehicle ‘Fronx’ to Japan
Source: Accord Fintech
2024-08-14 03:13:41 pm
Gaming company Krafton acquires Japan`s Tango Gameworks  Krafton, a South Korean gaming firm, said on Monday it has acquired Tokyo-based game studio Tango Gameworks for an undisclosed sum.  Krafton said it will absorb Tango Gameworks' developers and the rights to its acclaimed rhythm action combat game Hi-Fi RUSH, according to the Korean company, reports Yonhap news agency. "This integration reinforces Krafton's dedication to expanding its global footprint and enhancing its portfolio with innovative and high-quality co...
Gaming company Krafton acquires Japan`s Tango Gameworks
Gaming company Krafton acquires Japan`s Tango Gameworks
Source: IANS
2024-08-12 09:08:57 am
Yen firms after sharp drop as traders assess Japan's rate path The yen firmed on Thursday after a sharp drop in the previous session in a volatile week that has left sentiment fragile as investors weigh the unwinding of popular carry trades and ponder the rate path Japan's central bank is likely to take. The yen was last 0.53% higher at 145.95 per dollar, having dropped 1.6% on Wednesday after the Bank of Japan's Deputy Governor Shinichi Uchida played down the chance of a near-term hike in interest rates. The Japanese currency started the w...
Yen firms after sharp drop as traders assess Japan's rate path
Yen firms after sharp drop as traders assess Japan's rate path
Source: Reuters
2024-08-08 08:44:30 am
Japan’s Toshiba group to invest Rs 500 crore to expand ops in India Japan’s Toshiba Group plans to invest another 10 billion Japanese yen (over Rs 500 crore) in India to expand its capacity for producing power transmission and distribution equipment in the country. Toshiba Transmission & Distribution Systems (India) Pvt Ltd (TTDI) will increase its capacity for manufacturing power transformers and distribution transformers by about 1.5 times compared to FY2023, over a three-year period from FY2024 to FY2026, according to a company statement. ...
Japan’s Toshiba group to invest Rs 500 crore to expand ops in India
Japan’s Toshiba group to invest Rs 500 crore to expand ops in India
Source: IANS
2024-07-19 03:01:11 pm
Japan`s Suzuki aims to cut vehicle weight of key model by 15% over a decade Japan's Suzuki Motor said on Wednesday it plans to cut the weight of its small Alto hatchback by 15% over the next decade, aiming to reduce the vehicle's energy usage and employ those technology gains in other models. The Alto currently weighs 680 kg and the company hopes to lower that by 100 kg. "If a vehicle is heavy, we also have to make the battery and motor larger to get a long range and good performance," Tatsuya Matsushita, an executive in charge of Suzuki's...
Japan`s Suzuki aims to cut vehicle weight of key model by 15% over a decade
Japan`s Suzuki aims to cut vehicle weight of key model by 15% over a decade
Source: Reuters
2024-07-17 10:31:45 am
India, Japan to work together towards building safe & trustworthy AI: Hiroshi Yoshida As the world leaders aim to control artificial intelligence (AI) and the user harms associated with it, India and Japan will work together in order to achieve safe, secure and trustworthy AI, said Japanese Vice-Minister for Policy Coordination (Internal Affairs), Hiroshi Yoshida, here on Wednesday.  Lauding India’s prowess in the technology field, especially AI, Yoshida said they are delighted that India is one of the first countries to announce its participation in AI and how t...
India, Japan to work together towards building safe & trustworthy AI: Hiroshi Yoshida
India, Japan to work together towards building safe & trustworthy AI: Hiroshi Yoshida
Source: IANS
2024-07-03 02:46:14 pm
US defence chief welcomes S.Korea-Japan agreement in Singapore US Secretary of Defence Lloyd Austin has welcomed an agreement by Defence Chiefs of South Korea and Japan to take measures to prevent the recurrence of a 2018 maritime spat over Japanese patrol aircraft.  South Korean Defence Minister Shin Won-sik and his Japanese counterpart, Minoru Kihara, announced the agreement on Saturday after their talks held on the sidelines of the Shangri-La Dialogue in Singapore, in a deal that could remove a major hindrance to efforts to strengthen bilatera...
US defence chief welcomes S.Korea-Japan agreement in Singapore
US defence chief welcomes S.Korea-Japan agreement in Singapore
Source: IANS
2024-06-02 12:44:52 pm
Tech Mahindra, Japan's Fuji TV to co-develop content for global entertainment industry Tech Mahindra on Thursday announced a strategic partnership with Japan's leading broadcaster Fuji TV to co-develop and produce content across genres for the global entertainment industry.  The collaboration aims to drive significant growth in rapidly growing content markets such as India, where niche content genres, including Anime and Korean dramas, are gaining popularity. It will combine Fuji TV’s original content with Tech Mahindra's localisation and animation service...
Tech Mahindra, Japan's Fuji TV to co-develop content for global entertainment industry
Tech Mahindra, Japan's Fuji TV to co-develop content for global entertainment industry
Source: IANS
2024-05-23 03:57:10 pm
From progress to prosperity: India`s economic momentum shatters `xenophobia` myths US President Joe Biden’s assertion linking ‘xenophobia’ in India, China, Russia, and Japan to “stalled economic growth” overlooks the remarkable economic progress India has made in recent years, particularly under the leadership of Prime Minister Narendra Modi. While acknowledging the challenges of xenophobia in various parts of the world, it is essential to recognise India’s significant strides in becoming one of the world’s top economies. At a...
From progress to prosperity: India`s economic momentum shatters `xenophobia` myths
From progress to prosperity: India`s economic momentum shatters `xenophobia` myths
Source: IANS
2024-05-04 09:30:42 am
O.P. Jindal Global University VC C. Raj Kumar addresses Japanese parliament At the invitation of the Japanese Parliamentary Committee of the World Federation, the founding Vice Chancellor of O. P. Jindal Global University (JGU), Professor (Dr) C. Raj Kumar addressed a caucus of over 20 distinguished Members of the Japanese Parliament (National Diet), which also included Minister of Education, Culture, Sports, Science and Technology, Government of Japan, Masahito Moriyama. It is truly remarkable that Prof Raj Kumar is also the first Indian Vice Chancellor to be inv...
O.P. Jindal Global University VC C. Raj Kumar addresses Japanese parliament
O.P. Jindal Global University VC C. Raj Kumar addresses Japanese parliament
Source: IANS
2024-04-26 04:45:49 pm
Air India, All Nippon Airways sign codeshare agreement Tata-owned Air India and Japanese carrier All Nippon Airways have signed a codeshare agreement connecting their networks, enhancing flight selections between India and Japan. With this agreement, effective for travel from May 23, Air India and All Nippon Airways guests will fly to their desired destination by combining those flights between India and Japan with a single ticket. In addition, guests of both airlines flying on codeshare flights will enjoy premium services such as lounge ac...
Air India, All Nippon Airways sign codeshare agreement
Air India, All Nippon Airways sign codeshare agreement
Source: IANS
2024-04-23 11:55:31 am
India sizzles in global equity capital markets amid deals drought in Asia India's bulging pipeline of large block trades and listings such as the $3 billion IPO of Hyundai Motor's unit will draw more funds to a market whose share of global equity capital market deals hit a quarterly record this year, bankers said. A paucity of deals elsewhere in Asia will add to the impetus for capital flows into India, they added. Higher global interest rates, geopolitical tensions, as well as China's economic slowdown and its move to restrict initial public offe...
India sizzles in global equity capital markets amid deals drought in Asia
India sizzles in global equity capital markets amid deals drought in Asia
Source: Reuters
2024-03-28 03:45:27 pm
Japanese Space One`s maiden rocket explodes after lift-off The inaugural rocket launch of Japanese company Space One failed on Wednesday as the Kairos rocket exploded seconds after lifting off, marking the first attempt from the country's private sector to put a satellite into orbit. Shortly after 11:00 a.m. local time (7:30?am IST) at the launch site in Wakayama Prefecture, western Japan, smoke and fire were seen following the take-off of the 18-metre, four-stage solid-fuel rocket, multiple local media live streams showed, Xinhua news agency ...
Japanese Space One`s maiden rocket explodes after lift-off
Japanese Space One`s maiden rocket explodes after lift-off
Source: IANS
2024-03-13 11:33:46 am
Asia shares slip, yen firm as BOJ ponders positive rates Asian share markets sputtered on Monday while the dollar looked vulnerable ahead of a reading on U.S. inflation that could hasten, or delay, the start of global rate cuts. The yen edged higher as Reuters reported a growing number of Bank of Japan policymakers are warming to the idea of ending negative rates this month on expectations of hefty pay hikes in this year's annual wage negotiations. Data released on Monday showed Japan was not, in fact, in recession after economic growth w...
Asia shares slip, yen firm as BOJ ponders positive rates
Asia shares slip, yen firm as BOJ ponders positive rates
Source: Reuters
2024-03-11 09:02:55 am
China stocks lead Asia lower, gold drifts after record peak Asian equities eased on Wednesday in cautious trading, with Chinese stocks slipping as the lack of big stimulus measures from Beijing disappointed some investors, while gold and bitcoin eased after hitting record highs. Traders are hesitant to place major bets ahead of congressional testimony from Federal Reserve Chair Jerome Powell that will be parsed to gauge if the U.S. central bank is ready to start cutting rates. MSCI's broadest index of Asia-Pacific shares outside Japan was 0....
China stocks lead Asia lower, gold drifts after record peak
China stocks lead Asia lower, gold drifts after record peak
Source: Reuters
2024-03-06 08:58:02 am
Japan`s Takeda partners with India`s Biological E. to boost dengue vaccine production Japan's Takeda Pharmaceutical will scale up production of its dengue vaccine Qdenga through a partnership with Indian vaccines maker Biological E., the companies said on Tuesday. These doses will be available for governments in endemic countries by 2030 as part of their national immunization programmes. Biological E. will ramp up to a manufacturing capacity of 50 million doses a year, accelerating Takeda's efforts to produce 100 million doses per year within a decade, the compan...
Japan`s Takeda partners with India`s Biological E. to boost dengue vaccine production
Japan`s Takeda partners with India`s Biological E. to boost dengue vaccine production
Source: Reuters
2024-02-27 11:45:45 am
Japan`s Nikkei nears record peak after Nvidia beat, rest of Asia muted Japan's Nikkei share average climbed to the cusp of an all-time peak on Thursday after unexpectedly strong revenue forecasts from U.S. chip designer Nvidia lifted Asian tech stocks. However, the regional mood was tempered by a retreat in Chinese stocks from multi-month highs reached amid Beijing's efforts to boost market confidence. Long-term U.S. bond yields hugged three-month highs while the dollar sagged after minutes from the last Federal Open Market Committee meeting confir...
Japan`s Nikkei nears record peak after Nvidia beat, rest of Asia muted
Japan`s Nikkei nears record peak after Nvidia beat, rest of Asia muted
Source: Reuters
2024-02-22 08:57:08 am
Asian shares ease as early rate cut bets fizzle, focus on Fed minutes Asian stocks eased on Wednesday as diminishing expectations of early interest rate cuts from the Federal Reserve sapped risk appetite, with investors looking to the minutes of the U.S. central bank's last meeting for clues on the policy outlook. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.09% lower on Wednesday. Japan's Nikkei eased 0.21%, having stuttered in the last few days within sight of the all-time high set in 1989. China stocks were mixed in earl...
Asian shares ease as early rate cut bets fizzle, focus on Fed minutes
Asian shares ease as early rate cut bets fizzle, focus on Fed minutes
Source: Reuters
2024-02-21 08:48:01 am
Japan extends Rs 12,814 crore loan for 9 infra projects in India The Goverment of Japan on Tuesday committed Official Development Assistance (ODA) loan to the tune of approximately Rs 12,814 crore for nine projects across various sectors in India. The notes for the agreement were exchanged between Vikas Sheel, Additional Secretary, Finance Ministry on behalf of India and Suzuki Hiroshi, Ambassador of Japan to India. The nine projects, for which the ODA loan assistance has been committed to, are -- the North East Road Network Connectivity Improvement ...
Japan extends Rs 12,814 crore loan for 9 infra projects in India
Japan extends Rs 12,814 crore loan for 9 infra projects in India
Source: IANS
2024-02-20 02:54:28 pm
India`s Zee Entertainment seeks to revive $10 billion merger with Sony, ET reports India's Zee Entertainment is making a final attempt to restart discussions with Japan's Sony Group to revive their $10 billion merger deal which was scrapped on Jan. 22, Indian business daily Economic Times reported on Tuesday, citing people aware of the matter. Representatives from both parties have been working to salvage the deal, with efforts to revive the merger gaining momentum over the past two weeks, the report added. However, there is a chance that the discussions might...
India`s Zee Entertainment seeks to revive $10 billion merger with Sony, ET reports
India`s Zee Entertainment seeks to revive $10 billion merger with Sony, ET reports
Source: Reuters
2024-02-20 10:06:52 am
Dollar firms past 150 yen as US, Japan rates outlook diverge The yen was pinned near a three-month low against the dollar on Tuesday as sticky U.S. inflation bolstered the case for higher-for-longer interest rates, contrasting with a recession in Japan and market doubts about a near-term exit from its easy policy. In Asia, China's loan prime rate (LPR) decision takes centre stage, where it is widely expected to trim its benchmark mortgage reference rate to shore up the country's faltering economic growth. Ahead of the outcome, the offshor...
Dollar firms past 150 yen as US, Japan rates outlook diverge
Dollar firms past 150 yen as US, Japan rates outlook diverge
Source: Reuters
2024-02-20 09:02:38 am
Asia stocks struggle even as China slashes rates Asian shares were pinned below 1-1/2 month highs on Tuesday as even a larger-than-expected interest rate cut in China failed to excite investors jaded at the lack of bigger stimulus measures. China's five-year loan prime rate was lowered by 25 basis points to 3.90%, bigger than the five to 15 bp cuts forecast by economists. The Shanghai Composite, however, fell 0.7% in early trade and blue chips fell 0.6%. "It is a significant cut, showing policymakers are serious," said O...
Asia stocks struggle even as China slashes rates
Asia stocks struggle even as China slashes rates
Source: Reuters
2024-02-20 08:53:38 am
Asia shares sputter as China returns with guarded gains Asian shares were off to a stuttering start on Monday as fading chances for early rate cuts globally soured the mood and Chinese markets returned from holiday with only muted gains. A holiday for U.S. markets also made for thin trading, while the latest surge in tech stocks is set to be tested by results from AI diva Nvidia on Wednesday. MSCI's broadest index of Asia-Pacific shares outside Japan edged down 0.1%, after bouncing 2% last week. Japan's Nikkei dipped 0.3%, having ...
Asia shares sputter as China returns with guarded gains
Asia shares sputter as China returns with guarded gains
Source: Reuters
2024-02-19 08:55:08 am
Nikkei charges toward all-time high, dollar under pressure Japan's Nikkei charged toward an all-time high on Friday, helped higher by a buoyant Wall Street after a big fall in U.S. retail sales revived the chance of a June rate cut, which in turn weighed on the dollar. Nikkei surged 1.4% to 38,678 points, just within a whisker of the all-time high of 38,957 points hit in 1989 that marked the peak of Japan's so called "bubble economy." The index is up 4.8% for the week, the third straight week of gains, bringing the year-to-dat...
Nikkei charges toward all-time high, dollar under pressure
Nikkei charges toward all-time high, dollar under pressure
Source: Reuters
2024-02-16 08:52:22 am
Asian stocks rise, dollar eases as markets weigh US rate outlook Asian stocks rose on Thursday, with the Nikkei breaching a new 34-year peak, while the dollar took a breather near a three-month high as markets assess when the Federal Reserve is likely to start its easing cycle after a run of strong economic data. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.7%, with the IT index surging more than 2%. Taiwan stocks spiked 2.6% higher, with chipmaker TSMC up nearly 8%. Hong Kong's Hang Seng Index eased 0.67% in early tradin...
Asian stocks rise, dollar eases as markets weigh US rate outlook
Asian stocks rise, dollar eases as markets weigh US rate outlook
Source: Reuters
2024-02-15 09:01:17 am
Asia stocks edge down; dollar rides Treasury yields higher Asian shares tracked a negative lead from Wall Street on Wednesday, while the dollar and Treasury yields jumped as traders pared back expectations for the pace and scale of rate cuts by the Federal Reserve this year. The latest shift in rate expectations came after an upside surprise in U.S. inflation on Tuesday which showed the consumer price index (CPI) rising 3.1% on an annual basis, above forecasts for a 2.9% increase. Futures now point to about 87 basis points of easing priced in f...
Asia stocks edge down; dollar rides Treasury yields higher
Asia stocks edge down; dollar rides Treasury yields higher
Source: Reuters
2024-02-14 08:50:48 am
JSW partners Japan`s JFE Steel to set up Rs 5,500 cr electric steel plant in Karnataka Billionaire Sajjan Jindal-led JSW Steel has formed a joint venture with Japan's JFE Steel Corporation to invest Rs 5500 crore for setting up a plant to manufacture grain-oriented electrical steel in India, JSW said in a statement on Tuesday. The factory to be built in Karnataka is expected to start production in 2026-2027 financial year. Grain-oriented electrical steel is a key component used in the manufacture of a variety of transformers. Electric steel is a high-end product th...
JSW partners Japan`s JFE Steel to set up Rs 5,500 cr electric steel plant in Karnataka
JSW partners Japan`s JFE Steel to set up Rs 5,500 cr electric steel plant in Karnataka
Source: IANS
2024-02-13 11:49:39 am
Asia stocks nudge higher, dollar steady ahead of US inflation report Asian stocks inched higher and the dollar held steady on Tuesday ahead of a key U.S. inflation report that could help shape the Federal Reserve's rates outlook and determine the timing of interest rate cuts. Bitcoin remained strong after crossing $50,000 for the first time in over two years, thanks to inflows into exchange traded funds backed by the digital asset. It was last at $50,0097 in Asian hours. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.15% higher ...
Asia stocks nudge higher, dollar steady ahead of US inflation report
Asia stocks nudge higher, dollar steady ahead of US inflation report
Source: Reuters
2024-02-13 08:50:45 am
New highs for Nikkei, Hong Kong limps to holiday break Japanese shares hit 34-year highs on Friday and strong earnings had the S&P 500 at record close, while oil prices were set for a sharp weekly rise on Israel's rejection of a ceasefire offer from Hamas. Trade was lightened in Asia by the closure of Chinese markets for the Lunar New Year break and by a shortened session in Hong Kong. The Hang Seng, however, slumped 2% in the morning, with traders frustrated by a long and so far fruitless wait for Beijing to unleash stimulus or sup...
New highs for Nikkei, Hong Kong limps to holiday break
New highs for Nikkei, Hong Kong limps to holiday break
Source: Reuters
2024-02-09 08:53:48 am
Asian shares track Wall Street higher; China deflation risks persist Most Asian markets tracked Wall Street higher on Thursday, but Chinese stocks were battling to sustain a rally after data raised concerns about deflationary pressures in China and suggested the economic slowdown may have further to run. Japan's Nikkei surged 1.5%, while MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2%, with gains in Australia and South Korea being eroded by a 0.2% fall in Hong Kong's Hang Seng index. Shares of Alibaba fell 5.2% as its thi...
Asian shares track Wall Street higher; China deflation risks persist
Asian shares track Wall Street higher; China deflation risks persist
Source: Reuters
2024-02-08 09:16:46 am