Landing a job as an announcer at a major Japanese TV station is a rare feat in itself. Maiko Uda did that in 1997, only to quit in about five years as she found her true calling: finance. Today, she is one of the few female portfolio managers in the world’s third-largest stock market and co-manages a fund that last year beat 97% of its peers.
A Japanese chip design firm’s share-price has almost doubled since the stock debuted in Tokyo last year, outperforming similarly sized or bigger initial public offerings globally amid bets on its unique business model.
The cost to hedge against volatility in dollar-yen over the coming week has risen to the highest level in almost three years as traders brace for any more Bank of Japan surprises on Wednesday.
China’s central bank added less cash than expected into the banking system via policy loans while keeping the rate unchanged this month even with funding demand on the rise into Lunar New Year holidays.
Electric-vehicle makers are hoping that an imminent wave of lithium supply will bring relief for their expansion plans after a two-year squeeze, but the battery metal’s die-hard bulls warn of more pain to come if producers fail to deliver.
China’s home prices fell for a 16th month in December, as widespread Covid outbreaks complicated efforts to rescue the slumping property market.
New York City Mayor Eric Adams wrapped up a 24-hour trip to El Paso, Texas, on Sunday by demanding that the federal government do more to coordinate services to asylum seekers being bused from the US-Mexico border to the nation’s cities.
Philippine President Ferdinand Marcos Jr. said he sees inflation that’s at a 14-year high easing as the government aims to boost agricultural output.
Plans to use a 4,200-kilometer (2,600-mile) power cable to send clean energy from Australia to Singapore are no longer commercially viable, according to one of the project’s billionaire investors.
China’s sudden reopening is set to offer a boost to a flagging world economy.
