Trump may be busy hosting Japan PM Shinzo Abe in Mar-A-Lago, as he tweeted moments ago… Melania and I are hosting Japanese Prime Minister Shinzo Abe and Mrs. Abe at Mar-a-Lago in Palm Beach, Fla. They are a wonderful couple! — Donald J. Trump (@realDonaldTrump) February 11, 2017 … but that did not prevent him from taking yet another jab at the US legal system, which he […]
Your daily guide to community and cultural activities across the Emirates for February 4, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Abu Dhabi Cultural exhibition In the latest iteration of the ongoing Emirati memory project, Lest We Forget, […]
Mr. Mattis defended the decision to put a spotlight on Iran’s behavior, saying that it was important to make Iran recognize that “it is getting the attention of a lot of people.” Continue reading the main story But Mr. Mattis said that the United States did not need to deploy additional military resources to signal its concern. “Right now, I do not think that is necessary,” he […]
A day of market gyrations and pressure for higher interest rates has forced the Bank of Japan to tip its hand by intervening to keep 10-year yields below 0.11 per cent. It is the first time the BoJ has turned last September’s “around zero per cent” cap on the 10-year yield into explicit action, with the central bank offering to buy an unlimited number of government bonds at […]
TOKYO Japanese Defense Minister Tomomi Inada said on Saturday she hoped a visit by U.S. Defense Secretary Jim Mattis to South Korea and Japan this week, his first overseas trip since taking office, would lead to deeper security ties. Inada spoke at the start of talks with Mattis, who on Friday reaffirmed Washington’s commitment to its mutual defence treaty with Japan when he met Prime Minister Shinzo […]
European stocks and S&P futures rose modestly ahead of January US payrolls data, along with the dollar, while Asian shares dropped after China returned from a week-long holiday. Bonds slid, oil rose while the JGB intervened in the bond market to prevent a bond rout, in one of two major surprises during the Asian session. As reported last night, having closed at 0.109% yesterday the 10y JGB […]
Samsung Electronics is discussing a battery supply deal with Japan’s Murata Manufacturing for batteries for its upcoming Galaxy S8, Nikkei reports. According to the report, Murata last July announced that it will acquire Sony’s battery operations, with the deal to be completed in April. Samsung was reportedly impressed with the performance and reliability of Sony’s lithium-ion batteries. The South Korean tech giant last month announced the findings […]
By Leika Kihara and Tetsushi Kajimoto | TOKYO TOKYO Japan will push back firmly on any attempts by U.S. President Donald Trump’s administration to meddle with its independence on setting currency and monetary policies, say sources familiar with the deliberations in Tokyo. It was the first clear sign from Japan that Tokyo won’t allow Trump to dictate domestic economic policy, leaving room for potential tensions between the […]
SEOUL U.S. President Donald Trump’s defense secretary warned North Korea on Friday of an “effective and overwhelming” response if Pyongyang chose to use nuclear weapons, as he reassured Seoul of steadfast U.S. support at the end of a two-day visit. “Any attack on the United States, or our allies, will be defeated, and any use of nuclear weapons would be met with a response that would be […]
TOKYO Japanese robotics startup ZMP Inc hopes to list on the Tokyo Stock Exchange in the coming months, after a delay late last year due to client information being leaked on to the internet, the firm’s founder and CEO told Reuters on Friday. Despite the delay in its initial public offering, worth up to $82 million, ZMP remained on track to develop a self-driving taxi in time […]
As an expectant crowd of couples, families, retirees and grizzled world trekkers wait to board our Antarctic-bound ship, the mood is overwhelmingly one of anticipation. Talk is of when the first orca or iceberg will be sighted, and trepidation at the state of the Drake Passage, the notoriously rough sea that sits between us and the pristine ice of Antarctica. As we leave the docks of the […]
Friday 02.15 GMT Overview Asian markets retreated following another cautious session on Wall Street overnight. Investors have headed to the sidelines as they digest the Federal Reserve’s most recent policy meeting and await the closely watched US jobs report due later on Friday. Hot topic Central banks have been in focus this week. The Bank of Japan, Federal Reserve and Bank of England have all kept monetary […]
By Chris at www.CapitalistExploits.at Market dislocations occur when financial markets, operating under stressful conditions, experience large widespread asset mispricing. Welcome to this week’s edition of “World Out Of Whack” where every Wednesday we take time out of our day to laugh, poke fun at and present to you absurdity in global financial markets in all its glorious insanity. While we enjoy a good laugh, the truth is that the first step to […]
INFERNO The fire that hit a Japanese-owned factory in Cavite province is among the worst in the country’s economic zones, according to an official of the Philippine Economic Zone Authority. —RICHARD REYES GENERAL TRIAS, Cavite—At least 126 people, including at least two Japanese, were injured after a fire that raged for more than 18 hours starting Wednesday night hit a three-story factory at the Cavite Export Processing […]
Currency traders are in a bind. Has the dollar rally run out of steam and is it ripe for a big sell-off, or has bullish momentum paused ahead of another leg higher? Here are the pros and cons for the currency as we approach several key events in February. What’s bugging the dollar? Investors’ second thoughts. Dollar trading in recent months can be split into three phases. […]
TOKYO Sony Corp on Thursday cut its full-year outlook for operating profit on Thursday after the Japanese TV-to-gaming group took a $1 billion writedown on its struggling movie business. Sony forecast group operating profit of 240 billion yen ($2.13 billion) for the year ending in March, down from a previous estimate of 270 billion yen. It also said October-December operating profit fell to 92.4 billion yen from […]
Almost a decade on from the financial crisis, a global deadline for reform of the $544tn derivatives market has triggered a last-minute scramble by hundreds of small banks, insurers and pension funds. Many of these institutions use bespoke derivatives such as swaps to protect their operations from sudden changes in asset prices. In a month’s time they face higher costs and regulatory burdens. Plenty are not ready. […]
TOKYO Asian shares inched up to four-month highs while the dollar was finding its feet on Thursday after the U.S. Federal Reserve stuck to its mildly upbeat economic view but gave no hint of accelerating rate hikes. While strong economic data from the United States and elsewhere have underpinned risk assets, uncertainty and concerns over U.S. President Donald Trump’s policies have markets on edge. “With many of […]
February 2, 2017 by: Hudson Lockett in Hong Kong Thursday 02.00 GMT Overview Stock markets were mixed in Asia after the US Federal Reserve left interest rates unchanged but hinted at further rises this year. The Australian dollar gained against its US counterpart on data showing a record trade surplus, while oil pared back some of Wednesday’s gains. Hot topic The Australian dollar gained 0.6 per cent […]
By Naomi Tajitsu and Maki Shiraki | YOKOHAMA, Japan YOKOHAMA, Japan Nissan Motor Co has taken a step back into gasoline hybrids with its Note e-Power model, which the Japanese automaker hopes will act as a gateway for drivers who will later shift to all-electric cars. The move will also trim Nissan’s costs. Nissan’s battery-electric Leaf, the industry’s first mass-market, all-electric car launched in 2010, is the […]
Wednesday 06:00 GMT Overview Stock markets across Asia were mixed after disappointing earnings and weak US data pushed Wall Street lower overnight. European bourses are expected to open higher, with spreadbetters predicting the UK’s FTSE 100 will add 34 points to 7,133 and Germany’s Dax to gain 70 points to 11,605. The rebound comes after Wall Street climbed sharply off its session lows on Tuesday, and index […]
By Sinead Carew and Jamie McGeever | NEW YORK/LONDON NEW YORK/LONDON U.S. President Donald Trump and a top economics adviser on Tuesday unleashed a barrage of criticism against Germany, Japan and China, saying the three key U.S. trading partners were engaged in devaluing their currencies to the harm of American companies and consumers. The comments from Trump at the end of a White House meeting with pharmaceutical […]
Over the past 2.4 billion years, oxygen particles from the Earth’s atmosphere have been streaming to the moon, researchers of a new study revealed. Observations Of Japanese Lunar Orbiter Kaguya Using data from studies of moon rocks and measurements taken by the Japanese lunar orbiter Kaguya, which was launched to study history, surface, and local gravitational environment of the moon, researchers found evidence that the moon may have […]
“I remember, when I was a youngster, we used to have to translate Erasmus. He was already travelling as a scholar 500 years ago.” Sir Eric Thomas, the retired vice-chancellor of the University of Bristol, is reminiscing about his Latin A-level classes, in which the journals of the 15th-century Dutch Renaissance scholar featured prominently. “Even all that time ago, the concept of there being an international community […]
