City Tokyo Financial News

TOKYO—Toyota sells more cars each year than any other company, and it had similarly big dreams when it created its own in-house technology startup in 2021. It picked an American tech whiz to run it and envisioned building software for its cars that would become a standard for the whole industry. So great were the startup’s ambitions that one of its projects was building an entire new city in the foothills of Mount Fuji where it could test self-driving cars, robots and hydrogen for power production.

Tokyo Manji gang start unveiling. Takemichi's suspicions gain traction when Mucho gets entangled in Toman's assault. As the plot thickens, questions about Inupi's former association with Kurokawa Izana, the gang's adversary, emerge. The plot takes a dramatic twist when Mucho introduces a game-changing proposal. As allegiances shift, Takemichi is on a perilous journey to save a friend, overcome daunting foes, and restore the reputation of the Black Dragon gang.

Google introduced Immersive View for routes. Starting this week, Immersive View for routes is gradually becoming available in Amsterdam, Barcelona, Dublin, Florence, Las Vegas, London, Los Angeles, Miami, New York, Paris, San Francisco, San Jose, Seattle, Tokyo, and Venice on both Android and iOS platforms. Immersive View for places, powered by AI blends thousands of Street View and aerial images, allowing users to preview restaurants or landmarks ahead of your visit.

The BSE Sensex was trading 500 points higher, above 63,600. Nifty50 was trading above 19,000, up 155 points at around 9.50 a.m. From the Sensex stocks, Infosys, Tata Steel, M&M, NTPC, SBI and Wipro opened with gains, while only Asian Paints, UltraTech Cement, and HUL opened with cuts. Among individual stocks, Karnataka Bank rose 5% after the board of the bank approved the allotment of Rs 800 crore on a preferential basis. Meanwhile, Vodafone Idea shares traded nearly 3% higher despite its consolidated net loss widened to Rs 8,738 crore in Q2 FY24 from Rs 7,595 crore in Q2 FY23. All major sectoral indices logged gains.

Nifty slipping below the 19,000 mark. «Given the global uncertainties, there could be higher volatility in the near term and thus giving long term investors an opportunity to accumulate quality stocks at lower levels. We suggest making higher allocation towards large caps as valuations are comfortable along with steady growth prospects,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a positive start GIFT Nifty on the NSE IX traded higher by 47.5 points, or 0.25 per cent, at 18,960, signaling that Dalal Street was headed for positive start on Friday.

Netflix US will bid farewell to several movies and series in November 2023 due to expiring licensing agreements.

Two workers at the tsunami-wrecked Fukushima Daiichi nuclear power plant have been hospitalized after accidentally being sprayed with radioactive liquid waste

TOKYO (Reuters) — Western Digital Corp (NASDAQ:WDC) and Japan's Kioxia Holdings have broken off talks to create one of the world's biggest chipmakers, the Nikkei newspaper reported on Thursday.

Shares have skidded in Europe and Asia after Wall Street tumbled as bond yields tightened their chokehold

Honda and US giant General Motors said Thursday they were scrapping a tie-up that was aimed at producing «affordable» electric vehicles from 2027. «After extensive studies and analysis, we have come to a mutual decision to discontinue the program,» the firms said in a joint statement. No reason was given, but automakers are reportedly slowing expansion plans in EVs because of cooling demand, particularly in China. GM said this week that it was «moderating the acceleration of EV production in North America to protect our pricing, adjust to slower near-term growth in demand, and implement engineering efficiency and other improvements». GM and other US automakers have also been hit by a lengthy strike by factory workers in the United States. Japanese automakers have lost market share in key markets in recent years due in part to a slow rollout of EV's, having long focused on hybrid vehicles instead. The tie-up announced in 2022 aimed to develop electric cars cheaper than the US firm's planned $30,000 Chevrolet Equinox. Honda added that it still hoped to achieve 100 percent electrified vehicle sales by 2040. Honda and GM are still working together in other areas, including a recently announced plan to launch driverless taxis in Tokyo in 2026.

TOKYO—Toyota Motor Chairman Akio Toyoda, asked about electric-vehicle challenges including a recent lull in U.S. demand, said the industry was coming to recognize that there isn’t a single answer to reducing carbon emissions. “People are finally seeing reality," Toyoda said Wednesday, speaking in his capacity as the head of the Japan Automobile Manufacturers Association.

TOKYO (Reuters) -Honda Motor and General Motors (NYSE:GM) are scrapping a plan to jointly develop affordable electric vehicles (EVs), the companies said on Wednesday, just a year after they agreed to work together in a $5 billion effort to try to beat Tesla (NASDAQ:TSLA) in sales.

World shares are mixed after China pledged more spending to counter its economic slowdown

Thrice in a week, the Japanese government passed on intervening in the forex markets when the USD/JPY pair crossed 150 to the dollar. 

By Sam Nussey and Miho Uranaka

Toyota, Honda, Nissan and other Japanese automakers are serious about rolling out battery electric vehicles to catch up with the world's frontrunners like Tesla and BYD

By Yoshifumi Takemoto

By Tom Westbrook

The North Asian private equity owners of Godiva are pushing the luxury Belgian chocolate group further into the Australian confectionary market, and readying the business for either an eventual sale or listing on the Tokyo Stock Exchange.

Japan’s Prime Minister Fumio Kishida says he is preparing to take bold economic measures, including an income tax cut for households hit by inflation and tax breaks for companies to promote investment

Asian shares are mixed after Wall Street wobbled to a mixed close as yields on U.S. Treasury bonds fell back after jumping above 5%