AFP

Montenegro will extradite to the United States South Korean cryptocurrency specialist Do Kwon, who is also wanted by Seoul for the multi-billion-dollar bankruptcy of his company, Terraform Labs, the Montenegrin Justice Ministry announced on Friday.For months, Seoul and Washington have been seeking the South Korean’s extradition for his suspected role in a fraud linked to …

Montenegro to extradite crypto entrepreneur Do Kwon to US Read More »

A weaker yen lifted Japanese equities on Friday, while Wall Street’s major indices slid in quiet holiday trading. Seoul was an outlier in Asia with shares plunging as South Korea’s political crisis deepened with a second presidential impeachment vote.US indices slid lower at the start of trading, with the Dow shedding 0.6 percent.”Holiday lethargy is to …

Weak yen lifts Japan stocks higher, Wall Street slides Read More »

Global stocks mostly rose on Friday, as European markets returned from the Christmas break tracking Asia gains after a weaker yen lifted Japanese equities.Seoul was an outlier in Asia with shares plunging as South Korea’s political crisis deepened with a second impeachment vote.In Europe, Frankfurt’s DAX index rose after German President Frank-Walter Steinmeier dissolved parliament …

Global stocks rise as Japan led Asia gains on a weaker yen Read More »

Osamu Suzuki, who grew small-car specialist Suzuki Motor into an international brand with huge successes in India, died Wednesday at age 94 after bouts with cancer, the company said Friday.Under the charismatic businessman’s four-decade leadership through 2021, the firm’s sales grew more than 10-fold.Born on January 30, 1930, in the central Japanese region of Gifu, …

Osamu Suzuki, longtime chair of Japan’s Suzuki, dies aged 94 Read More »

Asian markets mostly rose on Friday, with Japanese shares gaining on a weaker yen, although Seoul shares plunged as South Korea’s political crisis deepened with a second impeachment vote.Japan’s Nikkei index closed up 1.8 percent, with the yen’s recent weakness proving a boon for major exporters. The yen hit 158.08 per US dollar on Thursday …

Asian markets mostly rise but political turmoil holds Seoul back Read More »

The growing popularity of Chinese sport utility vehicles and pickup trucks has shaken up Mexico’s luxury car market, hitting sales of traditionally dominant brands such as Mercedes-Benz and BMW.According to industry experts, Mexicans are increasingly switching from traditionally dominant sedans to Chinese vehicles due to a combination of comfort, technology and price.It is no small …

Move over Mercedes: Chinese cars grab Mexican market share Read More »

Japan’s government on Friday approved a record budget for the next fiscal year, ramping up spending on social welfare, as the population ages, and defence to tackle regional threats.The 115.5 trillion yen ($730 billion) budget for the year from April 2025, greenlighted by the Cabinet, includes 8.7 trillion yen in defence spending.It also includes social …

Japan govt approves record budget for ageing population, defence Read More »

Wall Street stocks were little changed on Thursday while Asian equities rose in thin Boxing Day trade, extending their “Santa Claus Rally” with several bourses still shut for the holiday.Japan’s Nikkei index closed up 1.1 percent, boosted by comments from the Bank of Japan governor and share price gains for top-selling automaker Toyota.China’s plans for …

US stocks take a breather, Asian bourses rise in post-Christmas trade Read More »