- January 31st, 2025
Inflation in Tokyo accelerated more than anticipated in November, while other economic data aligned with the Bank of Japan’s (BOJ) projections, heightening market speculation of a possible interest rate hike in December. The yen strengthened on the news, as policymakers...
China's factory activity likely expanded modestly for a second consecutive month in November, suggesting that the government’s recent stimulus measures are beginning to take effect. The anticipated uptick offers a glimmer of hope for producers in the world’s second-largest economy,...
Australia’s aviation landscape is poised for a significant transformation as the Australian Competition and Consumer Commission (ACCC) announced on Friday that it has granted Virgin Australia and Qatar Airways interim approval to operate an integrated alliance. This decision allows the two airlines to...
Mitsubishi UFJ Financial Group Inc. (MUFG), Japan’s largest bank, is considering a bid to acquire WealthNavi Inc., a Tokyo-based robo-advisory firm, as part of its broader strategy to enhance its financial technology (fintech) capabilities and tap into the growing online...
The yen soared to a six-week high on Friday, strengthening as much as 1% to 150 per dollar, fueled by unexpectedly robust inflation data in Tokyo. The surge bolstered market speculation of a potential interest rate hike by the Bank...
Asian shares took a downturn on Friday, with the yen on track for its strongest weekly performance in four months. This followed Tokyo’s core inflation data for November, which revealed persistent price pressures and fueled speculation about a potential rate...
Indian lenders, including the State Bank of India (SBI), are re-evaluating their financial exposure to the Adani Group following allegations of bribery against the conglomerate’s Chairman, Gautam Adani, by U.S. authorities. This reassessment is seen as a cautious move to...
Japan’s tax revenues are poised to reach an all-time high for the fifth consecutive fiscal year, driven by robust corporate earnings and rising inflation, according to four government sources familiar with the matter. The current fiscal year, ending in March...
The Bank of Japan (BOJ) is unlikely to implement policy changes abrupt enough to derail ongoing budget discussions, a senior member of the Democratic Party for the People (DPP) suggested on Wednesday. Motohisa Furukawa, the DPP's tax chief, emphasized in...
Pony AI Inc., a leading autonomous-driving technology company, is pivoting its focus towards diversifying its supply chain and targeting international markets beyond the United States. This strategic shift, announced by CEO James Peng, comes amid escalating geopolitical tensions between Beijing...
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