City Tokyo Financial News

TOKYO (Reuters) -Japan's Fast Retailing Co, owner of clothing brand Uniqlo, reported on Thursday that full-year operating profit rose 28% to reach its second consecutive record, aided by a post-pandemic recovery in China and the yen's slide.

TOKYO (Reuters) -Toyota Motor and Idemitsu Kosan have formed an alliance to develop and mass-produce all-solid-state batteries for electric vehicles, the companies said on Thursday.

By Tetsushi Kajimoto

Asian shares rose on Thursday as markets wagered that U.S. rates have peaked after more dovish remarks from Federal Reserve officials, while traders awaited the U.S. consumer inflation report later in the day for further monetary policy clues.

TOKYO (Reuters) — Japan core machinery orders fell for a second straight month in August, suggesting worries about a global economic slowdown and China's wobbly recovery may be hurting companies' appetite to make fresh investments.

By Tim Kelly

global markets for cues, while also keeping an eye on the crude oil movement amid Israel-Hamas conflict. While equities staged a smart recovery on Tuesday, sustenance on the higher level is critical for confirmation of trajectory, analysts said. Further, Dalal Street investors will keenly await quarterly earnings of Tata Consultancy Services, due after market hours. 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 7.5 points, or 0.04 per cent, at 19783.50, signaling that Dalal Street was headed for muted start on Wednesday.

Tokyo International Film Festival’s Lifetime Achievement Award in «recognition of his extraordinary career and long-standing contributions to the film industry.» He will be presented with the honor at the Tokyo festival’s opening ceremony on October 23. Zhang Yimou will take part in a special talk session at the TIFF Lounge, a panel series by noted Japanese auteur Hirokazu Kore-eda.

World shares are higher after Wall Street advanced on potentially encouraging news about interest rates, which have been dragging markets lower since the summer

Key Takeaways

Indices are expected to trade in a narrow range, and investors will await cues from the second quarter earnings of companies, which will kickstart on Wednesday with TCS. 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 19 points, or 0.10 per cent, at 19619.50, signaling that Dalal Street was headed for positive start on Tuesday.

Share prices have opened little changed after the the Israeli government declared war following deadly attacks by Hamas from the Gaza Strip

Mitsubishi, one of Japan’s biggest investors in Australian resources, has called on the Labor government to ensure a stable investment environment, warning the clean energy transition needs to be approached with caution.

NEW DELHI : This happened in December 2006. We were aboard a plane carrying the then prime minister Manmohan Singh and an Indian delegation to Tokyo. During the flight, the prime minister’s media adviser, Sanjaya Baru, came up to the gallery unexpectedly and told me: “PM is waiting for you." I had told Baru before boarding the flight at the New Delhi airport that I wanted to meet the prime minister.

Indian Olympic Association (IOA) president P T Usha on Sunday supported the government's plan to place a proposal to host the 2036 Olympics. India won an unprecedented 107 medals, including 28 gold, in the games that ended on Sunday. In the Chinese city, the country saw an increase of 37 medals from the previous best achieved in the 2018 edition.

Tokyo is constantly recreating itself

Asian shares are mostly higher in cautious trading after Wall Street drifted to a quiet close on worries about a too-hot U.S. job market

Patnaik on Saturday said Odia defender Amit Rohidas will also be given an additional Rs 1.5 crore for his role in country's historic gold win at the 19th Asian Games in Hangzhou. Congratulating the Indian men's hockey team for winning gold at the Asian Games, Patnaik expressed his heartfelt congratulations to Amit Rohidas, acknowledging his outstanding performance and calling him an «inspiration» for youngsters not only across Odisha but also throughout India. «Amit Rohidas' remarkable achievements exemplify the spirit of perseverance and excellence.

Asian Games weightlifting on Saturday but it was the North Koreans' stunning return after four years that raised eyebrows in Hangzhou. The country that prides itself on shows of strength emerged from a self-imposed Covid exile to capture six gold medals, five silvers and two bronze in weightlifting. They also smashed six world records. Two weeks before the opening ceremony it was unclear if North Korea would show up, having failed to do so at the Tokyo Olympics and last month's weightlifting World Championships in Riyadh. But they came and they conquered hosts China, who were second in the weightlifting standings with five golds, three silvers and one bronze. North Korea proclaimed themselves «world leaders» at the sport, after not being seen in competition since December 2019. «Now North Korea is ahead of us and we need to catch up. We cannot remain in the comfort zone,» said China's head coach Wang Guoxin. The gold rush raised questions about what the North Korean weightlifters had done while the country's borders were sealed to the outside world because of the pandemic. Jang Song Nam, manager of the North Korean weightlifting team, said the success was «payback» for their sacrifices over years of Covid isolation. «Our athletes for these Asian Games have put in so much hard work,» said Jang. «Every gold medal is payback for our hardship over four years.

Asian markets posted gains Friday, shrugging off Wall Street losses ahead of key US jobs data due later in the day. Analysts say signs of a robust American economy, such as strong labour market data this week, are bad news for equities as it gives the Federal Reserve more reason to keep monetary policy tight through to the end of the year and beyond. US Treasury yields hit their highest levels since 2007 this week as investors fear high borrowing costs for businesses and consumers will eventually drag on the economy. All eyes are on Friday's monthly US employment data, which will give investors a good idea of whether recent signs of a softening in the labour market will continue. «European markets look set to open modestly higher ahead of today's US jobs report,» said Michael Hewson, chief market analyst at CMC Markets UK, «which, along with the September CPI report which is due next week could shift the odds significantly on whether we see another rate hike in November». «One other reason for the welcome retreat in yields yesterday may well have been the sharp decline in oil prices we've seen the past couple of days.» On Thursday, the Dow Jones Industrial Average finished flat, while the S&P 500 and Nasdaq index ticked lower. But Hong Kong was on the front foot Friday, with gains of about 1.5 percent by the afternoon, though Tokyo closed marginally lower. Singapore, Seoul and Manila were also up, while mainland Chinese markets were closed for a week-long holiday. London, Frankfurt and Paris all kicked off with small gains. Stephen Innes, managing partner at SPI Asset Management, said the Asian advances were «thanks partly to a drop in oil prices that benefits Asia's colossal oil-importing nations». «This

Federal Resources Minister Madeleine King says Australia will remain a reliable exporter of gas to Japan, amid LNG supply concerns as Australia transitions to net zero by 2050.