Japan Financial News

Investing.com-- Shares of Apple Inc's (NASDAQ:AAPL) Asian suppliers fell on Wednesday, tracking an overnight slump in the tech giant after media reports showed Chinese sales of its flagship iPhone tumbled in the beginning of 2024.

Investing.com-- Most Asian stocks fell on Wednesday with an underwhelming economic outlook from China providing little support, while overnight losses in Wall Street spilled over as markets grew skittish before more signals on U.S. rates. 

By Ankur Banerjee

Sensex fell 195.16 points, or 0.26%, to close at 73,677.13, while the Nifty 50 settled 49.30 points, or 0.22%, lower at 22,356.30. “Investors are awaiting Fed Chair Powell’s testimony to get some input on interest rates. Overall, markets are likely to consolidate in the near term with sectorial rotation amid key events lined up.

IRCTC, JM Financial, Zomato, Samvardhana Motherson among others will be in focus due to various news developments IRCTC IRCTC has signed an MoU with Swiggy to provide pre-ordered meals to passengers via IRCTC e-Catering Services. The services will be made available initially on Bengaluru, Vijayawada, Visakhapatnam & Bhubaneswar stations.

Union Cabinet cleared the proposals entailing investments of $15.14 billion, officials told ET. The projects include an $11 billion semiconductor fab facility, the country's first, to be built by the Tata Group in at Dholera in Gujarat. The other unit proposed by the conglomerate involves a Rs 27,000 crore chip assembly, testing, marking and packaging facility at Morigaon in Assam. Murugappa Group's CG Power will be setting up a chip assembly facility at Sanand in Gujarat at a cost of Rs 7,600 crore.

SAO PAULO (Reuters) — Japanese auto maker Toyota (NYSE:TM) officially announced on Tuesday an 11 billion real ($2.22 billion) investment in Brazil, saying it will be made in two parts by 2030, and include the output of a new vehicle specially designed for the country's costumers.

“Just terror on legs." That’s how filmmaker Takashi Yamazaki pictured Godzilla. His version of the cinematic monster both nods to the 1954 original and goes fully berserk with visual effects that have been honored with an Academy Award nomination—the first for a Godzilla picture, of which there’ve been dozens. The creature storms into Tokyo in Yamazaki’s “Godzilla Minus One," but the Japanese movie crept up on America.

New Delhi: The plan to restructure Sri Lanka’s debt could be completed by June, two people aware of the matter said, as the island-nation prepared to reach an agreement with its creditors in the coming months. "We expect that the agreements will be finalized around June, which will help settle the debt restructuring process with Sri Lanka," said one of the officials mentioned above, requesting anonymity. In May 2022, India's southern neighbour defaulted on its overseas debt after its worst financial crisis since independence in 1948 emptied out foreign exchange reserves.

Jaishankar on Tuesday said strong alliances do not enhance a country's global standing while, on the contrary, India had a favourable result from loose or issue-based alliances. «Today, we see India in many ways as playing a useful role as a kind of bridging country which can contribute and address problems. And I think unfortunately the state of the world requires such services,» the minister said in response to a question following his address to the Korea National Diplomatic Academy here. Jaishankar's address was a part of the first leg of his four-day visit to South Korea and Japan. «I don't agree that strong alliances enhance global standing and lose alliances detract. At the beginning of our presidency of the G20, people were worried whether we would be able to get an agreement at the end of it and we had two problems — the Ukraine conflict and the issue of development. A lot of Global South had concerns. We have different ties to one group, I think it would have been difficult to get the G20 to come around had it not been such a case,» the minister said.

A shift away from Chinese equities by global long-term investors has taken a pause, with some funds getting less bearish, according to Morgan Stanley.

NEW DELHI : India’s external affairs minister S. Jaishankar on Tuesday pitched for South Korea to participate in India-led initiatives such as the International Solar Alliance, the Coalition for Disaster Resilient Infrastructure, and the Indo-Pacific Oceans Initiative. Jaishankar is in South Korea for a two-day visit, during which he will chair a joint commission meeting with his Korean counterpart.

ALSO READ: Watch | SpaceX Falcon 9 completes its 300th mission, Elon Musk is elated The two-stage Falcon 9 rocket topped with an autonomously operated Crew Dragon capsule dubbed Endeavor was launched from NASA's Kennedy Space Center at Cape Canaveral, along Florida's Atlantic coast, at 10:53 p.m. EST (0353 GMT Monday).

China is increasing its defense budget by 7.2% this year, similar to last year's rise

Mercedes-Benz expects India to become its third biggest market in its 'Region Overseas' over the next 2-3 years with demand anticipated to remain strong for luxury products, according to a senior company executive. The Region Overseas for Mercedes Benz comprises 118 countries, excluding North America, Europe and China. India is the fifth largest market in the region after Japan, South Korea, Australia and Turkey. The sales gap between India and Turkey is around 8,000 units per year.

«Caution: robot!» chirps the green self-driving delivery vehicle as it trundles down the street to a pork cutlet restaurant in Tokyo to pick up a meal ordered on Uber Eats.

Benchmark U.S. crude oil for April delivery fell $1.23 to $78.74 per barrel Monday

Stocks edged lower on Wall Street at the start of a busy week

Shares are mixed in Asia after China's premier said the country's target for economic growth this year is around 5%, in line with expectations

Mint breaks down his agenda. Jaishankar will first travel to Seoul, where he is expected to chair the 10th India-Korea Joint Commission Meeting with the new South Korean foreign minister Cho Tae-yul. At previous meetings, the two countries have focused on supply-chain security and collaborating on advanced technologies.