City Tokyo Financial News

Japan has reported its exports climbed 4.3% in September from a year earlier while imports sank 16.3%, leaving a positive balance of 62.4 trillion yen ($410 billion), the first monthly trade surplus in three months

Shares have tumbled in Asia following a retreat on Wall Street after big U.S. companies delivered mixed profit reports and Treasury yields added pressure on stocks

By Katya Golubkova

By Tetsushi Kajimoto

By Helen Coster

Nikkei on Wednesday. Aiming to accelerate the development of electric cars globally, Suzuki Motor will export EVs made in India to Japan as early as 2025 and also has plans to sell to Europe under its own brand, the report said. The automaker is also mulling to supply EVs to Toyota Motor for sale on the continent and if it is finalised then those electric vehicles will be sold under the Toyota brand, added the Nikkei report.

Some of Japan’s biggest businesses have asked the nation’s government to make crypto tax reforms, as the country continues to pivot to Web3 and crypto.

By Leika Kihara

Sony Group Corp's India unit and Zee Entertainment Enterprises Limited (ZEEL) expect to close the pending merger deal — billed as one of the biggest in the country's media industry — as early as next month, multiple people familiar with the progress of the proposed transaction told ET. One of the sources said that despite financial institutions and lenders such as Axis Finance and IDBI having appealed the National Company Law Tribunal's (NCLT) decision approving the merger scheme before the National Company Law Appellate Tribunal (NCLAT), the union could still happen by as early as the first half of November. Another source said the Boston Consulting Group (BCG), which was tasked with completing the integration process, is working overtime to complete the responsibilities associated with the merger. «Our aim is to finish the merger by early November. The teams on both sides are working incredibly hard to finish the merger-related formalities,» said a senior official, who declined to be named. Legal & regulatory formalities Corroborating this information, another source said that the merger is nearing completion, even as a media report suggested that Tokyo-based Sony Group Corp has held exploratory talks with Walt Disney to acquire its India assets due to the delay in completing the merger deal with ZEEL. «While we are targeting to conclude the merger early next month, there is always a possibility of a delay considering the legal and regulatory formalities that are involved,» said the second executive cited above. Both Sony and Zee declined to comment.

NEW DELHI : Prime Minister Narendra Modi on Sunday confirmed that India will formally bid for hosting the 2036 Olympic Games. How much does it cost to host the 16-day event and is it worth the effort? Mint evaluates the economic implications of a successful bid. The members of the International Olympic Committee choose the host through a secret ballot where the majority vote gets to be the host.

export-control regime. American sanctions’ global pretensions depend on the co-operation of allies. In principle, democratic governments in Asia and Europe are similarly wary of China, and devising their own export controls.

«Overall we expect positive biases to continue led by expectation of healthy demand during the festive season and robust earnings delivery from the majority of the corporates,» 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 muted start GIFT Nifty on the NSE IX traded higher by 4.5 points, or 0.02 per cent, at 19815.50, signaling that Dalal Street was headed for muted start on Tuesday.

TOKYO (Reuters) — Toyota Motor (NYSE:TM) suspended some production in at least five factories in Aichi and Mie prefectures from Monday after a fire at a supplier's facility, Jiji news service reported on Tuesday.

Shuji Utsumi, co-COO of Japanese multinational video game and entertainment company Sega, has expressed optimism about the potential of blockchain gaming and the role of non-fungible tokens (NFTs) in the future of video games. 

By Yuka Obayashi and Emily Chow

Olympic gold medallist Abhinav Bindra on Sunday expressed the hope that India will get to host the Olympic Games in the near future. Speaking on the sidelines of the International Olympic Committee's (IOC) 141st Session here, Bindra, the winner of the 2008 Beijing Olympics gold in 10m air rifle, said, «I hope we get to host the Olympic Games in the near future.» Prime Minister Narendra Modi had on Saturday asserted, while declaring the IOC Session open, that India will leave «no stone unturned» in its efforts to organise the 2036 Olympics.

blog, “China has gone whole hog for electric vehicles through a generous subsidy program. Each province has its unique scheme; in Shanghai, for instance, they subsidize RMB 15,000 on a RMB 60,000 cost. The manufacturers are also subsidized so there are about 200 manufacturers which produced 27 million EVs last year.

By Katya Golubkova and Andrew Hayley

Japan’s top automaker Toyota and Idemitsu, a major oil company, say they will cooperate on technology for mass production of solid-state batteries that promise to be a key component in future electric vehicles

By Marc Jones

On Oct. 12, digital currency and electronic payments firm DeCurret Holdings published a white paper on its cryptocurrency project, the “DCJPY.“ The organization intends to launch the coin in July 2024.