City Tokyo Financial News

Asian shares are trading mostly lower, despite a record high on Wall Street, as investors awaited a closely watched earnings report from Nvidia

Japan's Nikkei share average edged lower on Wednesday as a strengthening yen weighed on the index's many exporters, while looming earnings from AI darling Nvidia later in the day kept investors cautious. The Nikkei was down 0.3% at 38,167.80 as of 0019 GMT, continuing its narrow fluctuations since mid-month anchored around the psychological 38,000 mark.

Paris for the 2024 Paralympic Games is how will the city get ready to welcome close to 300,000 people with special abilities who will be here to watch 4,400 athletes contesting across 23 disciplines spread over the next two weeks. Paris, unlike many other European cities, isn’t really friendly to the specially abled. To give a basic example, most metro stations still don’t have elevators, and some don’t have ramps and even toilets for the specially abled. Some of the venues—like the one used for beach volleyball, right in front of the Eiffel Tower—wasn’t meant for the specially abled during the Olympics that ended on August 11. However, its transformation has been amazing. The venue, which will now host blind football, looks completely different, having gone through a makeover. Adding to the comfort of the paraathletes, there are a lot more volunteers at the metro stations and ramps have come up at certain places.

rate cuts are most likely to start from its September meeting. «Indian markets are expected to follow gains seen in the US stock market, as the likelihood of a „soft landing“ for the global economy increases amid signs of economic softening. A potential rate cut by the Fed would likely boost market sentiment and drive up stock prices,» said Pravesh Gour, Senior Technical Analyst at Swastika Investmart.

Pop star Dua Lipa, who is set to headline the second edition of the Zomato Feeding India Concert in November, says she is looking forward to returning to the country after she rang in the new year here. The Grammy winner, known for songs such as «Levitating», «Houdini», and «Dance The Night», shared a post on Instagram expressing her excitement for the upcoming show. «India, I'm coming back!!! My trip at the start of this year was a beautiful reminder of how much I love this place. »The warmth and energy I felt from everyone I met there was amazing, and I can't wait to see you again to perform in November!!!!" Lipa wrote on Saturday alongside a series of pictures from her previous India visit and the announcement poster of the concert.

Paris will again be the centre of attention when the City of Lights hosts the 17 h Paralympic Games. India have sent 84 para-athletes, who will be aiming for the country’s highest-ever medal haul at the Paralympics. India won a solitary medal in London 2012, a number that went up to 4 in 2016 Rio and 19 in 2021 Tokyo. If the athletes perform to potential, it could cross 25 in Paris. For the record, India’s cumulative medals tally between 1968, when it first participated at the Paralympics, and 2016, was 12. But then numbers don’t tell half the story. In Rio, for example, India had sent just 19 athletes. In Tokyo, the number swelled to 54. In Paris, India is sending its largest ever Paralympics contingent.

Japan's Nikkei share average rose in early trade on Friday, with pharma shares rallying for a second session, although gains were limited as tech stocks followed their U.S. peers lower. Japanese exporter-heavy equity markets also got some broad support from a weaker yen versus the dollar. However, the outlook for the currency pair looks murky, with investors watching Bank of Japan Governor Kazuo Ueda's testimony in parliament after last month's surprise rate hike.

Fed Chair Powell's speech in the Jackson Hole Symposium on Friday will be a key event to watch out for. «Hopes are running high for rate cuts in the September meeting followed by more rate cuts in subsequent meetings. The market thus is likely to consolidate this week,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

Japan racked up a 621 billion yen, or $4.3 billion, trade deficit in July, as prices of imports surged

TOKYO : Japan’s balance of trade fell back into the red in July, with the yen’s recent appreciation dimming the outlook for the nation’s exports. Japan posted a trade deficit of 621.8 billion yen for July, equivalent to $4.28 billion. That followed a 224 billion yen surplus in June, Ministry of Finance data showed Wednesday, and compared with the 359.1 billion yen deficit expected by economists polled by data provider Quick.

Black Myth: Wukong is a game set to release on August 20, 2024, for PlayStation and PC. The game, based on the classic novel 'Journey to the West,' has faced some delays for Xbox players. This story covers the release date, time and platform details for the upcoming game.

The owner of 7-Eleven convenience stores has received a buyout offer for from Canada’s Alimentation Couche-Tard

Lily Collins, star of the hit Netflix series Emily in Paris, has recently cast doubt on the potential for a fifth season of the popular romantic comedy. During an interview on Vanity Fair’s Still Watching podcast, Collins, who plays the lead role of Emily Cooper, expressed uncertainty about the future of the series created by Darren Star. Her comments have left fans questioning the prospects for the show’s continuation. Collins remarked, “We don’t even know what the endgame is when we start a season, because we don’t know where the season’s going to finish”, as per a report by Coming Soon. This uncertainty reveals the challenges in predicting the show’s trajectory, with decisions about future seasons still up in the air.

softer yen and technology share gains, as an encouraging U.S. economic outlook continued to support risk appetite globally. The Nikkei rose more than 2% during the session before finishing up 1.8% at 38,062.92, its highest closing level since Aug. 1.

Lufthansa Airlines Boeing 747 makes hard, bouncing landing at Los Angeles airport on Tuesday, video shows. Courtesy: Airline Videos Live via YouTube

Retail investors have grown used to riding the wave of the peaks and troughs over the last few years, from pandemic era paranoia to various macroeconomic events, including two ongoing wars.  When the S&P 500 plummeted by 5.9%, Nasdaq by 8% and the Tokyo's Nikkei 225 slid by as much as a 12% in the first five days of trading in August, according to data from MarketWatch, retail investors overwhelmingly opted against trimming their portfolios.  'Today is going to be carnage': How funds dealt with a week of market volatility Instead, many took advantage of the fire sale was underway w...

Manu Bhaker, who made history as the first Indian to win two medals at a single Olympic Games since independence, also carries a tattoo that reads "Still I Rise." Interestingly, she discovered this phrase on Pinterest following her disappointing pistol malfunction at the 2021 Tokyo Olympics. In an interview with the Times of India, Manu revealed, «I don't know whose words these are, but now they are mine.» This phrase is inspired by Maya Angelou’s iconic poem, «Still I Rise,». The lines, «You may write me down in history with your bitter, twisted lies, you may tread me in the very dirt, but still, like dust, I’ll rise,» have been a beacon of hope and strength for countless individuals worldwide. After Tokyo, where Manu faced harsh criticism and even lost her spot in the national squad for the 10m air pistol event, Manu felt the need for a constant reminder to stay resilient. In January 2022, she decided to get the words «Still I Rise» inked on the back of her neck—a place where the tattoo would be symbolic.

shooter Manu Bhaker's coach Jaspal Rana has slammed the national federation's «ever-changing» Olympic selection policy, saying that it has hurt some of the most promising talents in the past and will damage more youngsters if there is no consistency going forward. Rana, a pistol legend in his own right who won three Asiad gold medals in the 2006 edition, hardly minced words as he questioned the federation's tendency to make last-minute changes to its policy, and its stubborn refusal to acknowledge or facilitate the presence of shooters' personal coaches at national camps and trials. He made these observations during a visit to PTI headquarters with Bhaker, who won bronze medals in 10m air pistol and 10m air pistol mixed team (alongside Sarabjot Singh), for an interaction with its editors on Friday. «The (federation's) selection policy changes every six months. I met the sports minister and told him 'get the selection policy from the federation. Let them decide… whatever they decide, right or wrong, we are not discussing that, and then stick to it'.

Japanese stocks are leading gains in world markets after Wall Street close to its record heights as data showed the U.S. economy is holding up better than expected

Flights and trains in the Tokyo area were canceled as warnings were issued for strong winds and heavy rainfall from Typhoon Ampil, expected to reach waters near Tokyo in the evening and then continue north, bringing stormy conditions to the northern Kanto and Tohoku regions on Saturday. It had sustained winds of 162 kph (101 mph) with higher gusts Friday morning and was moving north at 15 kph (9.3 mph), the Japan Meteorological Agency said. Ampil was not expected to make landfall and could weaken to a tropical storm by Sunday.

Olympics medalists Neeraj Chopra and Manu Bhaker has increased significantly after companies reach out to them to tap into their popularity and connect with a wider audience. Hockey goalkeeper P R Sreejesh, shuttler Lakshya Sen and shooter Arjun Babuta too are seeing an increased demand from the companies. Post Chopra’s silver medal, his brand value has seen an appreciation of 40-50 per cent. This was his second consecutive Olympic medal after having won a gold medal in Tokyo Olympics 2024. The Ambala boy’s endorsement fees were already at a premium, estimated at Rs 4 crore annually per brand, reported TOI. The 26-year-old Javelin thrower is already endorsing a raft of products across 21 categories, including sports lifestyle, audio and smartphones, he is now being approached by more brands across segments – from automobiles to financial services, real estate, logistics and quick commerce, Divyanshu Singh, COO at JSW Sports which manages Chopra’s portfolio told TOI.