By Anton Bridge and Junko Fujita TOKYO (Reuters) -Shares in SoftBank Group jumped more than 13% to a record high on Friday in a show of investor support for the Japanese technology investor’s AI push after first quarter profit beat expectations. SoftBank’s share price hit 14,205 yen at the close of morning trading and finished …
(Reuters) -Japanese investors sold foreign stocks for a third straight month in July, taking profits after a steep rally left valuations stretched, while channelling large sums into higher-yielding foreign bonds as a weakened yen boosted returns. According to data from Japan’s Ministry of Finance released on Friday, Japanese investors withdrew approximately 536.4 billion yen ($3.64 …
Japanese investors dump foreign stocks, pile into bonds in July as yen weakens Read More »
By Kevin Buckland TOKYO (Reuters) -Japan’s Topix index climbed above the key psychological mark of 3,000 points for the first time on Friday, underpinned by clarity over U.S. tariffs and a run of strong earnings reports. Automakers rallied, with Toyota jumping 3.5%. SoftBank Group surged more than 10% after the artificial-intelligence-focused technology investor swung back …
Japan’s Topix tops 3,000 for first time on tariff clarity; SoftBank soars Read More »
(Reuters) -Standard Chartered said on Friday that it has formed a joint venture with strategic partners to apply for a license to issue stablecoins in Hong Kong, days after the city’s stablecoin legislation came into effect. Stablecoins, a type of cryptocurrency designed to maintain a constant value, are usually pegged to a fiat currency such …
Standard Chartered forms joint venture to issue stablecoins in Hong Kong Read More »
By Rajendra Jadhav and Brijesh Patel (Reuters) -Physical gold demand in key Asian hubs slipped this week as a rise in prices weighed on buying interest, while higher rates encouraged some to cash in on their holdings. “Buyers aren’t keen on picking up gold at these prices. In fact, some investors are offloading the coins …
By Leika Kihara TOKYO (Reuters) -Bank of Japan policymakers debated the likelihood of resuming interest rate increases with one signaling the chance of a hike this year, a summary of opinions at the July meeting showed, heightening the chance of a near-term rise in borrowing costs. While several board members warned of uncertainty over the …
BOJ debated chances of resuming rate hikes, July summary shows Read More »
(Reuters) -China’s state-owned shipping giant Cosco aims to secure at least 20%-30% stake in a $23 billion ports deal involving strategic assets in the Panama Canal, as Beijing moves to renegotiate the terms of a sale previously praised by U.S. President Donald Trump, the Financial Times reported on Friday. Reuters could not immediately verify the …
Cosco seeks at least 20% stake in $23 billion Panama Canal ports deal, FT reports Read More »
By Kantaro Komiya and Tim Kelly TOKYO (Reuters) -The U.S. government on Thursday promised to amend a presidential executive order to remove overlapping tariffs on Japanese goods, Tokyo’s trade negotiator said, after talks in Washington to fix what he called a “regrettable” oversight. In those discussions, Ryosei Akazawa urged U.S. Commerce Secretary Howard Lutnick and …
Japan says US promises to fix double tariff oversight Read More »
(Corrects paragraph 11 figure to 1.85%, not 18.5%) By Che Pan and Joe Cash BEIJING (Reuters) -China’s top foundry SMIC said on Friday U.S. tariff policy had not led to a “hard landing” the company had initially feared and strong domestic demand would keep its production capacity tight until October. Co-CEO Zhao Haijun told a …
China’s SMIC says Trump tariffs did not cause expected ‘hard landing’ Read More »
By Satoshi Sugiyama TOKYO (Reuters) -Japanese household spending rose in June at a slower rate than market participants had expected, showed government data on Friday, as higher prices particularly for food items discouraged purchases and added pressure to broader consumption trends. While core inflation has exceeded the Bank of Japan’s 2% target for well over …
Japanese household spending rises in June; pace slowed by food prices Read More »
