City Tokyo Financial News

China’s Baosteel says it will acquire Nippon Steel’s 50% stake in their auto steel joint venture for about $242 million

«While the overall sentiment remains positive without signs of weakness, the market appears overbought by various measures. Therefore, we advise against aggressive long positions,» said Rajesh Bhosale, Equity Technical Analyst, Angel One.

sponsor for four years, starting with the Paris Olympics till the 2028 Los Angeles Games. The collaboration between BPCL, a Maharatna company, and IOA will also encompass the Commonwealth Games, Asian Games, Summer Youth Olympics, Winter Olympics, and Winter Youth Olympics.

An association of Japanese crypto exchanges and blockchain companies has petitioned the government to make coin-related tax reforms.

security talks on July 28 that for the first time will cover "extended deterrence", a term used to describe the U.S. commitment to use its nuclear forces to deter attacks on allies.

Union Budget, volatility is expected to remain high on Tuesday. «We thus maintain a cautious stance and recommend a hedged approach. Traders should seek buying opportunities in low-beta counters, especially in the defensive sectors, and remain selective in other areas,» said Ajit Mishra – SVP, Research, Religare Broking.

trade agreement (FTA) between the two countries, AEPC said on Sunday. The Apparel Export Promotion Council (AEPC) said to tap the growing potential, they are leading a delegation to participate in the India Tex Trend Fair (ITTF) in Tokyo. The three-day fair will begin from July 23 and over 200 exhibitors are participating. Some of the renowned Japanese brands, including Sumitomo Corporation, MUJI, Toyoshima, Marubeni, Mitsubishi, Koyo trading, United Arrows, MYK Fashion will be there to source their requirements, it said.

profit booking on Friday amid global selloff after a record-breaking rally in the last few days. «Investors are also cautious ahead of the Union Budget next week on 23rd July which will provide the next set of directions to the market. Earnings season will also pick up pace which will result in stock specific actions. Apart from Budget, US Core PCE data and PMI data will be key events to monitor,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

Armed Forces personnel are among the 117 Indian athletes who are all set to make the nation proud at the Paris Olympics, beginning July 26 this year. Among these 24 athletes, 22 are men, including star javelin thrower and Subedar Neeraj Chopra, and two are women, which marks the maiden participation of female service athletes at the Olympics, as per a press release from the Union Ministry of Defence. Neeraj, the 2020 Tokyo Olympics gold medalist and World Athletics Championship gold medalist, will again vie for top honours as his participation in the Paris Olympics comes on the back of exceptional performances that earned him a gold medal each at the 2023 Asian Games, 2023 World Athletics Championships and 2024 Paavo Nurmi Games.

Shoko Miyata, the 19-year-old captain of the Japan women’s artistic gymnastics team, has withdrawn from the squad for the Paris Games after violating the team’s code of conduct by smoking, the Japanese Gymnastics Association said on Friday.

brands have signed sponsorship or partnership deals for the Paris Olympics, showing unprecedented interest in non-cricket sportspersons, with many keen to soft-block likely medallists. Radico Khaitan, Puma, Dream Sports, Amul, JSW Group and Adani Group are some major names associated with the Indian contingent bound for Paris. «This is the first time we are doing such an association… sports in India is no longer just about cricket,» said Abhishek Khaitan, MD of spirits brand Radico Khaitan. «We have signed up as official spirits partner for India House, to cater to global tourists.» India House, being set up by Reliance Foundation and the Indian Olympic Association in Paris, has been envisaged as a cultural centre. Athletes Consistently Visible

IOC president, Pierre de Coubertin, once said women competing in the Games would be «impractical, uninteresting, unaesthetic and improper.» Over a century later, the 2024 Paris Olympic Games are targeting gender parity in the same city where women made their Olympic debut in 1900. The IOC set a goal of a 50-50 split among the more than 11,000 men and women, including backups, registered to compete from July 26 to Aug. 11. However, the latest numbers from the IOC suggest organizers might fall just short of that target. Slightly more medal events for men than women. There is still a slight edge toward men among the 329 medal events at the Paris Olympics. The IOC has said there are 157 men's events, 152 women's events and 20 mixed-gender events.

Rings Of Fire: Heat Risks At The 2024 Paris Olympics warns thatFrance has witnessed several heat waves since the turn of the century, with 14,000 people dying during a heatwave in 2003, 1,435 deaths in 2019, with Paris registering a record temperature of 42.6 degrees Celsius. Nearly 5,000 people died due to intense heat in 2023.

Leaders of 18 Pacific island nations and areas have agreed to an enhanced role of Japan in the region’s development while opposing any attempted coercive activity, as Tokyo seeks greater engagement to counter China’s influence

Japan has reported it logged a trade surplus in June, the first in three months, highlighting a recovery in exports

semiconductor technology, Bloomberg News reported on Tuesday. These measures would be applied to companies such as Tokyo Electron and ASML Holding NV, the report added, citing people familiar with the discussions.

A 24-year Japanese model and four of her young compatriots, who want to undergo sterilization surgeries, recently filed a lawsuit at a Tokyo court to challenge Japan’s Maternal Protection Act of 1996, which deprives them of the opportunity to do so and thus violates their constitutional right to equality and self-determination. The petitioners’ lawyer argued that the Act smacks of “excessive paternalism" in assuming that “a woman’s body is destined to become a mother," denying them the right to “live a life of their choice." This Japanese law, a revised version of its earlier Eugenics Protection Law of 1948, has stringent pre-conditions for a woman to undergo a sterilization surgery.

Asian stocks are mostly lower even as investors wager that the Federal Reserve will come ahead with a cut to interest rates, while Australia's benchmark hit a new record

Chinese swimmers will have undergone at least eight drug tests by the start of the Paris Olympics, twice as many as athletes from other countries. The sport’s governing body, World Aquatics, was under pressure to act after 23 Chinese swimmers tested positive for a banned substance, heart medication trimetazidine, seven months before the 2021 Tokyo Olympics, but were cleared of wrongdoing and went on to claim three gold medals. Eleven of them are competing in Paris this month. After a review of its decision allowing the swimmers to compete in Tokyo, World Aquatics said the incident “weakened” trust in the anti-doping system. To rebuild trust, it said, Chinese swimmers competing in Paris will have been tested “no less than eight times” this year by the International Testing Agency, twice the standard level. It said “a certain number of athletes from specific nations will be tested four times” by the agency which runs anti-doping programmes for many Olympic sports. Samples of Chinese athletes will ideally not be collected by the Chinese anti-doping agency and not be tested by laboratories in China. World Aquatics is likely to publish the results of the tests before the Olympics opening ceremony next week.

Japan's Nikkei share average rose on Tuesday, tracking gains in Wall Street, as investors assessed whether an assassination attempt on U.S. presidential candidate Donald Trump increased his chances of winning the November elections. The Nikkei closed 0.2% higher at 41,275.08, and the broader Topix finished up 0.34% at 2,904.5.

Neeraj Chopra's top finish in the Tokyo edition three years ago. According to official data from the Sports Authority of India's (SAI) Mission Olympic Cell (MOC), which is available with PTI, the government has spent a whopping Rs 96.08 crore for athletics. It's the biggest chunk in the close to Rs 470 crore which has been spent on India's preparation for the Games this time across 16 disciplines. In the previous Olympic cycle, athletics received Rs 5.38 crore from TOPS funds.