Japan Financial News

US Federal Reserve kept interest rates unchanged. Hopes that the US central bank is done with rate hikes fueled optimism among investors. The domestic equity indices ended lower on Wednesday, extending their losses for the second consecutive session.

By Lawrence White

Stocks traded higher for the second day, with the S&P 500 climbing by 65 bps. The index was oversold last week, and this week, that is no longer the case. The index trades well above the lower Bollinger band, with an RSI of around 40.

U.S. stock futures slipped and Treasuries edged higher ahead of the Federal Reserve interest-rate decision and the US government’s new borrowing plan. 

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Two little-known Queensland businessmen have become the beneficiaries of hundreds of millions of dollars in dividends paid by their private coal operations, with one, Sam Chong’s Jellinbah Group, paying out $900 million in returns to its owners in the past 12 months alone.

Toyota’s profit in the latest quarter jumped nearly threefold from a year ago as vehicle sales grew around the world and a cheap yen boosted the Japanese automaker’s overseas earnings

Toyota will invest an additional $8 billion in the hybrid and electric vehicle battery factory it’s constructing in North Carolina

Asian shares are mostly higher after Wall Street advanced to claim back some of the ground it gave up in another losing month

Flexible workspace provider WeWork plans to file for bankruptcy as early as next week, a source familiar with the matter said on Tuesday, in a stunning reversal of fortune for a company that was once privately valued at $47 billion. Shares of the company fell 30% in extended trading after the Wall Street Journal first reported the news. They have fallen roughly 96% this year.

India has no option other than to grow at 10% to catch up with the scale of China, India’s G20 Sherpa Amitabh Kant on Thursday said that the Indian economy is poised to be a $5-trillion economy. “This is India’s moment. We can go on to be the seventh-largest economy in the world.

Asian stocks inched lower on Wednesday ahead of a keenly-awaited policy decision from the Federal Reserve later in the day, while the yen was stuck near one-year lows against the dollar, keeping markets on edge for possible intervention by Tokyo. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.13% lower, starting November in a sombre mood after clocking three straight months of losses.

«Going forward, US Fed policy outcome which is due on Wednesday would provide cues to the mark,» 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 lower by 9 points, or 0.05 per cent, at 19,131, signaling that Dalal Street was headed for muted start on Wednesday.

Infosys continues to be plagued by the exodus of senior executives to rivals with Rajeev Ranjan being the latest to leave India’s second-largest software services exporter after a stint of more than 24 years. Ranjan, who was the executive vice president (EVP) and service offering head for manufacturing in India and Japan business units, left Infosys to join US-based engineering firm Ness Digital Engineering as its chief operating officer (COO).

By Jamie McGeever

(Reuters) -WeWork plans to file for bankruptcy as early as next week, a source familiar with the matter said on Tuesday, as the SoftBank (TYO:9984) Group-backed company struggles with a massive debt pile and hefty losses.

Rugby Australia will investigate whether it spent too much money on the World Cup amid concerns that hundreds of thousands of dollars were used for executive accommodation and sponsorship events.

Investing.com — U.S. stocks are falling to close the month of October on a down note, with the major indexes on pace to notch monthly declines.

Shark Tank panellist Namita Thapar has entered the debate on working 70 hours per week. Thapar took to Twitter to express her concerns about the impact of such long working hours on family time.

Larsen and Toubro (L&T) is foraying into fabless semiconductor chip design by setting up a subsidiary, the engineering major said on Tuesday. The company has approved an investment of Rs 830 crore to set up a wholly-owned subsidiary that will be engaged in the business of fabless semiconductor chip design and product ownership and not manufacturing, said L&T chief financial officer, R Shankar Raman. «At the moment we are looking at fabless semiconductor chip design business as a less investment, high technology business. We will have an R&D center for fabless semiconductor chips that may be in the US,» said Shankar Raman post the company's earnings call on Tuesday.

The FCA joins MAS, Singapore’s central bank, the Financial Services Agency of Japan (FSA), and the Swiss Financial Market Supervisory Authority (Finma) as part of the project.The initiative is an extension to MAS’ Project Guardian, in which the central bank collaborated with 15 financial institutions to carry out industry pilots on asset tokenisation in fixed income, foreign exchange, and asset management products. While the pilots demonstrated the potential to reap significant market and transaction efficiencies from the use of tokenisation, scale challenges entail closer cross-border collaboration among policymakers and regulators.The project aims to share knowledge and examine the benefits, regulatory challenges, and commercial use cases of asset and fund tokenisation.Leong Sing Chiong, deputy managing director, MAS, states: “MAS’ partnership with FSA, FCA and Finma shows a strong desire among policymakers to deepen our understanding of the opportunities and risks arising from digital asset innovation.