CashNews.co (Bloomberg) — Japanese companies have just posted record quarterly profits, but the yen’s rebound is fueling worries about just how sustainable their earnings growth will be amid weak demand in China and the risk of a slowing US economy. Most Read from Bloomberg The murky outlook is likely to dog Japanese stocks after they […]
CashNews.co (Bloomberg) — Alimentation Couche-Tard Inc.’s proposed acquisition of Seven & i Holdings Co., if successful, wouldn’t just be the largest takeover of a Japanese company. It would also be extremely rare. Most Read from Bloomberg The Canadian convenience store chain operator’s preliminary proposal to buy 7-Eleven owner Seven & i Holdings Co. could be […]
CashNews.co NEW YORK (AP) — U.S. stocks are holding relatively steady Wednesday after more big companies delivered profit reports that topped analysts’ expectations. The S&P 500 was 0.2% higher in early trading, a day after breaking an eight-day winning streak, its longest of the year. The Dow Jones Industrial Average was up 88 points, or […]
CashNews.co Published: 21 Aug. 2024, 18:34 Korean Finance Minister Choi Sang-mok, left, shakes hands with Japan’s new ambassador to South Korea, Koichi Mizushima, ahead of their talks in Seoul on Wednesday. [YONHAP] Finance Minister Choi Sang-mok met new Japanese Ambassador to Korea Koichi Mizushima on Wednesday, and they discussed ways to bolster bilateral economic ties, […]
CashNews.co TOKYO (AP) — Global shares were trading mixed Wednesday following a slip on Wall Street that snapped an eight-day winning streak, the longest of the year. France’s CAC 40 gained 0.3% to 7,505.17 in early trading. Germany’s DAX rose 0.3% to 18,404.26, while Britain’s FTSE 100 edged up 0.1% to 8,284.94. U.S. shares were […]
CashNews.co Download the Data Brief The Embedded Lending Opportunity: Japan Edition Embedded lending is growing in popularity around the globe. It offers users convenient, streamlined access to financing without having to leave the platforms of merchants, businesses and other entities. This type of modern lending could be especially useful to microbusinesses and small businesses (MSBs) […]
CashNews.co Japanese prime minister Fumio Kishida has given up. Beset by public anger about cost-of-living pressures and a party corruption scandal, Kishida has announced that he will not seek re-election as leader of the country’s governing party. He is expected to step down next month. Change at the top of Japanese politics comes as the […]
CashNews.co India and Japan on Tuesday explored the possibility of coordinating respective security strategies and development assistance where mutual interests converge for “free, open and rules-based Indo-Pacific” and emphasised that both are resolute in their opposition to terror, including cross-border terrorism. New Delhi and Tokyo also decided to boost their defence partnership and appreciated the […]
CashNews.co (Bloomberg) — Japan’s exports rose at a faster pace in July, largely reflecting the yen’s drop to a 38-year low last month. Most Read from Bloomberg Exports gained 10.3% from a year ago led by chip parts and cars, accelerating from 5.4% in the previous month, the Ministry of Finance reported Wednesday. The result […]
CashNews.co TOKYO — Mitsubishi UFJ Financial Group has sold 24 million shares of American regional bank U.S. Bancorp (USB) on the market, the Japanese company said Tuesday, for an amount expected to reach $1 billion based on the current stock price. MUFG believes the financial anxiety that followed the 2023 collapse of Silicon Valley Bank in […]