TOKYO The United States military on Wednesday grounded its tilt-rotor MV-22 Osprey aircraft in Japan after Tokyo called for a halt to flights following a crash southwest of Okinawa island, the first accident involving the aircraft in the Asian nation. The aircraft has become a lightning rod for opposition to the U.S. military presence in Okinawa, with local groups seeking the closure of American bases saying it […]
BEIJING A court in eastern China on Wednesday sentenced the former Communist Party chief of the major city of Nanjing to 12-1/2 years in jail, after finding him guilty of corruption. Yang Weize, Nanjing’s top official, was put under investigation early last year by the party’s internal anti-graft watchdog. The court in Ningbo said Yang accepted bribes, either directly or through his wife, worth 16.4 million yuan […]
December 14, 2016 by: Robin Harding in Tokyo Optimism at Japanese companies is on the rise for the first time in 18 months after Donald Trump’s election as US president breathed new life into the country’s drive to escape deflation. The Bank of Japan’s closely watched tankan index for large manufacturers rose from +6 to +10 in December, the first increase since the second quarter of 2015, […]
Wednesday 02:20 GMT Overview Stock markets across Asia were mixed as anticipation of the Federal Reserve’s policy decision dulled the effect of another set of record highs for Wall Street. What to watch All eyes were on the end of the Fed’s two-day policy meeting later in the day, with the US central bank expected to raise interest rates 25 basis points. Roughly a year ago the […]
Investors are making a record bet on global bank shares following the US election, according to a new survey of institutional money managers that also highlights the risks to the sector if Donald Trump fails to deliver faster economic growth. The allocation that investors made to bank stocks this month climbed to a weighting of 31 per cent above their benchmarks, up from 25 per cent in […]
Expedition 50 Commander Shane Kimbrough of NASA shared this photograph of the Japan Aerospace Exploration Agency’s Kounotori H-II Transfer Vehicle (HTV-6) as it approached the International Space Station. Kimbrough and Flight Engineer Thomas Pesquet successfully captured the spacecraft using the station’s Canadarm2 robotic arm. Source link
By Dustin Volz | WASHINGTON WASHINGTON More than 100 employees of technology companies including Alphabet Inc’s (GOOGL.O) Google, Twitter Inc (TWTR.N) and Salesforce pledged on Tuesday to not help U.S. President-elect Donald Trump’s administration build a data registry to track people based on their religion or assist in mass deportations. Drawing comparisons to the Holocaust and the internment of Japanese Americans during World War II, the employees […]
By Nigel Stephenson | LONDON LONDON Global shares edged up on Tuesday, helped by gains in banks after Italy’s largest lender unveiled a 13 billion euro share issue, while the dollar held steady before a Federal Reserve meeting expected to deliver higher interest rates. UniCredit launched Italy’s biggest share issue to clean up its balance sheet and boost profitability in the latest move to strengthen the Italian […]
BEIJING Chinese soldiers laid wreaths on Tuesday at a ceremony to mark the 1937 massacre of civilians in the Chinese city of Nanjing by Japanese troops. The televised event at the Nanjing Massacre memorial recalls an incident in which China says Japanese soldiers killed 300,000 people in the city that was then its capital. A postwar Allied tribunal put the toll at 142,000, but some conservative Japanese […]
Here’s a little known fact about supermoons: They’re made up and a complete waste of everyone’s time. Supermoons are a by-product of an always-on media machine that demands a constant stream of things to comment on and—in the absence of actual commentary-worthy items—is more than willing to completely fabricate them. The term “supermoon” refers to a full moon that occurs when the moon […]
Tuesday 02:10 GMT Overview Stocks around Asia were on the back foot after Wall Street fell back from record highs while the dollar softened and oil prices struggled to extend gains. Hot topic China has popped back on to investor radars, with mainland stocks falling on Monday by the most in months in the wake of authorities ramping up efforts to crack down on risky equities investments. […]
Photo Kayla Harrison plans to take up mixed martial arts in the World Series of Fighting, and hopes “to see it go more toward the professional route.” Credit Earl Wilson/The New York Times Only one American has ever won an Olympic gold medal in judo: Kayla Harrison. And she has won two, in London in 2012 and in Rio this year. Yet despite her achievements, Harrison is […]
By Alwyn Scott | SEATTLE SEATTLE Donald Trump on Monday widened his attack on defence contractors, slamming Lockheed Martin Corp’s (LMT.N) F-35 fighter jet program as too expensive as aides to the president-elect said he intends to keep pushing to cut the costs of military hardware. Trump’s latest Twitter broadside sent defence shares tumbling and fanned concerns that the incoming administration will reduce defence contractors’ profit margins […]
Following Friday’s report by RCB’s Charlie McElligott which sought to answer “THE” question every investor is asking, namely “what could derail this rally“, today’s the cross-asset strategist has released a follow up analysis in which he warns that even though the bond battering continues – and is likely to continue for a while – the market is now being set up for a “massive mean-reversion” counter-trend rally […]
WASHINGTON Donald Trump on Monday criticized Lockheed Martin’s F-35 fighter jet program as too expensive, the latest attack by the U.S. President-elect on large defense contractors. Lockheed shares dropped 5.1 percent and shares of several other defense contractors also tumbled. “The F-35 program and cost is out of control,” Trump said on Twitter, echoing campaign promises to cut waste in federal spending. “Billions of dollars can and […]
This is part of a series on the global rise of exchange traded funds Each day, the investing public hears news of the latest developments in exchange traded index funds (ETFs). But rare is the mention of traditional index funds, which I call Tifs, although the acronym has yet to gain acceptance. In 1976, I created the first Tif. It was named First Index Investment Trust (now […]
IT management and consultancy firm ASG Group expects to be wholly acquired by Japan’s Nomura Research Institute (NRI) before the year is out, after the Federal Court of Australia gave the nod to the arrangement on Monday. Announced in September, NRI will pay approximately AU$349 million for 100 percent ownership of ASG. ASG told shareholders on Monday that a copy of the court’s order is to be […]
Monday 02.15 GMT Overview Markets around Asia were mostly higher, buoyed by a surge in oil prices and following on from another set of records for Wall Street on Friday. Hot topic Ahead of the Federal Reserve’s policy meeting on Wednesday, government bond yields are hovering at their highest levels in months. Of note, the yield (which moves inversely to price) on the benchmark 10-year US Treasury […]
Photo: Bullit Marquez, AP FILE – In this Dec. 2, 2016, file photo, protesters burn a mock American flag during a protest against the planned joint US-Philippines military exercise in central Philippines in front of the U.S. Embassy in Manila, Philippines. The Philippines has again thumbed its nose at the U.S., its longtime defense ally, saying it won’t be used as a springboard for U.S. ships and […]
First it was the Fed, then the ECB (which last week tapered when it reduced the monthly amount of bond purchases under its QE program). Now attention shifts to the Bank of Japan, because as the WSJ writes, one of central banking’s most aggressive easers – Kuroda’s Bank of Japan – may soon have to think about tightening for the first time since 2007. While it has […]
The Japan Aerospace Exploration Agency launched a spacecraft from the Tanegashima Space Center on Friday, Dec. 9 that carried a magnetic tether designed to move vast amounts of space junk from the Earth’s orbit. Help From 106-Year-Old Fishing Net Maker The magnetic tether made of steel wire and aluminum strands was made with the help of a fishing net company based in Japan, the 106-year-old Nitto Seimo […]
Submitted by Mac Slavo via SHTFPlan.com, The entire Pacific Coast of the United States, Canada and Mexico has been contaminated with radioactive particles from Fukushima. And finally, it is being officially acknowledged. This is really happening… It is a stark reminder that the effects from Fukushima radiation continually spilling into the ocean have not been abated. The site continues to leak highly toxic radioactive material to this […]
For a quick study in market blindness, look at how an obscure US fund reacts to events in a country where markets do not even exist. Nearly two years ago US president Barack Obama and Cuban president Raúl Castro jointly announced their intent to rejuvenate the diplomatic and commercial relationship between their two countries. Until that day, the Cuba closed-end fund had historically traded beneath its net […]
This is part of a series on the global rise of exchange traded funds The morning after the US election Steven Bregman, a New York-based hedge fund manager, began to notice something strange going on in a corner of the stock market. His screen showed that shares of gold mining companies were being sold indiscriminately, falling by double digits, even though the price of gold itself had […]
