Japan Financial News

India recently chose to abstain from a UN General Assembly vote that sought a humanitarian truce and the protection of civilians amid the intensifying conflict between Israel and Gaza, drawing significant domestic scrutiny. Here's a breakdown of India's decision and its implications - The UN General Assembly's resolution called for an “immediate, durable and sustained humanitarian truce leading to a cessation of hostilities", especially given that the death toll in Gaza has reportedly surpassed 8,000, due to Israel's ongoing airstrike campaign. The conflict escalated following Hamas' attacks in Israel on 7 October, leading Israel to launch a ground offensive into Gaza.

Investing.com — Oil prices fell sharply Monday, as investors adopted a cautious stance at the start of a week that includes several central bank meetings, including the U.S. Federal Reserve, as well as key indications of global economic health.

Singapore’s central bank has announced plans to collaborate with monetary authorities in Japan, Switzerland, and the United Kingdom for joint digital asset pilots.

(Reuters) -Western Digital said on Monday it would split itself into two companies that would focus on the hard drive and flash memory markets, days after talks of a merger with Japan's Kioxia stalled.

By Elizabeth Howcroft

The bears had a relatively easy time last week as high yields, ongoing geopolitical risks, strong economic data, and, most importantly, disappointing earnings all worked in their favor.

The Group of Seven (G7) industrial countries are scheduled to agree upon an artificial intelligence (AI) code of conduct for developers on Oct. 30, according to a report by Reuters. 

The Monetary Authority of Singapore (MAS), the country’s central bank and financial regulator, is planning to start crypto-related cooperation with some European countries and Japan.

Prasanna Karthik, a former policy advisor to the Chief Minister of Goa, shared his delightful experience of visiting a unique South Indian eatery named «Tadka» in Kyoto, Japan. What sets Tadka apart is that it's owned and operated by Japanese individuals, a noteworthy departure from the usual scenario of Indian-run eateries abroad.

Nifty 50 today: Key equity indices the Sensex and the Nifty 50 closed in the positive territory for the second consecutive session on Monday, October 30, on gains led by select heavyweights including Reliance Industries, HDFC Bank and ICICI Bank, amid positive global cues. Major European markets, including the UK's FTSE, France's CAC 40 and Germany's DAX were up over half a per cent each when the Sensex closed as investors shifted focus on key central bank meetings this week.

Zodia, the institutional cryptocurrency custody platform co-owned by British banking giant Standard Chartered, Japanese SBI Holdings and the financial firm Northern Trust, is expanding its services to Hong Kong.

Investing.com — European stock markets traded with small gains Monday as investors digested regional inflation data, ahead of several central bank meetings, including a crucial gathering by the U.S. Federal Reserve.

Investing.com-- Analysts expect the Bank of Japan to potentially further tweak its yield curve control (YCC) policy when it meets on Tuesday after recent data showed an uptick in Japanese inflation, while rising bond yields and a weakened yen also piled on pressure. 

Investing.com-- Most Asian stocks fell on Monday as investors hunkered down for a data-heavy week headlined by the Federal Reserve, while uncertainty before a Bank of Japan meeting weighed heavily on the Nikkei. 

Investing.com — The U.S. dollar edged higher in early European trade Monday, retaining last week’s strength at the start of a week that includes several central bank meetings, most importantly by the Federal Reserve, as well as a slew of important economic data releases.

Zee Entertainment rose 3.6% to Rs 258 in Monday's trade on BSE after the Securities Appellate Tribunal (SAT) set aside market regulator SEBI's order barring Zee Entertainment's CEO Punit Goenka from holding key directorship in listed entities over an alleged fund-diversion case. In an interim order, the Securities and Exchange Board of India (SEBI) in June restrained Essel Group Chairman Subhash Chandra Goenka and Goenka from board seats in any entity formed through the merger or amalgamation of the four Zee group companies. SEBI’s investigations showed that Chandra and Goenka abused their position as directors of Zee Entertainment in 2019 by siphoning off funds for their own benefit. “Appellant (Goenka) will cooperate in the investigation.

Max Estates hit a 5% lower circuit at Rs 283 in Monday's trade on the National Stock Exchange, soon after the stock listed at Rs 298 on the NSE. Max Estates is a wholly-owned subsidiary of Max Ventures and Industries. Earlier in April, the Max Ventures and Industries board approved the amalgamation of the company with its wholly-owned subsidiary Max Estates as a part of the group's restructuring exercise and to focus completely on the real estate business. Max Ventures and Industries was also into manufacturing of specialty packaging films in a joint venture with Japanese firm Toppan Printing.

Zodia Custody, the crypto security firm owned by British banking giant Standard Chartered, is expanding its services to Hong Kong. Zodia Custody’s foray into Hong Kong marks its latest stride into the Asia-Pacific region after announcing plans to expand into Singapore last month.

The trade ministers of the Group of Seven nations pledged to build a wider network with developing nations to ensure supply chains are resilient for key items including critical minerals, semiconductors and batteries, according to the group’s joint statement released Sunday at the conclusion of their two-day gathering in Osaka, Japan. “We deplore actions to weaponise economic dependencies and commit to build on free, fair, and mutually beneficial economic and trade relationships, and accelerate such collaboration with the wider international community,” the group said in its joint statement.

Infosys co-founder NR Narayana Murthy's suggestion to India's youth to work more hours has stirred a controversy in a country that has among the world's longest working weeks, yet trails in labour productivity by international standards. The obvious analogies to rebuilding post-war Germany and Japan may be misleading, because those countries faced labour shortages. India has a problem with unemployment and underemployment that pulls down its labour productivity.

BRUSSELS : The Group of Seven industrial countries will on Monday agree a code of conduct for companies developing advanced artificial intelligence systems, a G7 document showed, as governments seek to mitigate the risks and potential misuse of the technology. The voluntary code of conduct will set a landmark for how major countries govern AI, amid privacy concerns and security risks, the document seen by Reuters showed.