Japan Financial News

OpenAI and former Apple designer Jony Ive are in talks with investment major SoftBank to raise $1 billion to make AI hardware devices, according to a report in the Financial Times. OpenAI chief executive Sam Altman, Ive and SoftBank’s Masayoshi Son are in discussions to build an “iPhone of artificial intelligence”, with funding from the Japanese conglomerate, the report stated.

Asian shares eased away from their lowest levels in 10 months but were on course to clock their worst quarterly performance in a year as worries over elevated interest rates dragged on sentiment, while the dollar held strong. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.59% higher but not far off the 10-month low it touched on Thursday.

equity offerings have more than quadrupled in value this year, with investors encouraged by a surge in the Nikkei stock index to a 33-year high and signs that Japanese firms have begun to manage their capital more efficiently. A tough 2022 for equity capital markets globally resulted in a backlog of fundraising deals. Japan has also benefitted from far lower interest rates than other countries, billionaire Warren Buffett's lifting of stakes in Japanese firms and a re-allocation of funds away from China amid tensions between Beijing and Washington. Proceeds from initial public offerings and secondary share and convertible bond issues soared 343% to $23.7 billion in the first nine months of the year, LSEG data showed.

«Going ahead, the weakness in the market is likely to extend till the worry over the elevated oil prices and higher interest rates remains, posing a risk to the earnings growth trajectory,” said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a negative start GIFT Nifty on the NSE IX traded higher by 25.5 points, or 0.13 per cent, at 19631.5, signaling that Dalal Street was headed for negative start on Friday.

domestic equity benchmarks settled around a percent lower amid volatility due to the monthly F&O expiry and dragged by weak global cues. Going ahead, the weakness in the market is likely to extend till the worry over the elevated oil prices and higher interest rates remains, posing a risk to the earnings growth trajectory. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd Asian markets traded higher on Friday following overnight gains on Wall Street and release of key economic data in Japan.

Vincent van Gogh Museum in Amsterdam to celebrate the 50th anniversary of the museum and tell youngsters about the work of one of the Netherlands’ most famous artists. The museum will hold many Pokemon-themed exhibits. Visitors will be taught to draw Pikachu, the yellow character that is one of the most recognizable faces of the Pokemon brand. The connection between Van Gogh and Japanese art and culture will also be shown.

JPMorgan’s debt capital bankers were expected to price a $US850 million ($1.3 billion) high-yield bond deal for Chris Ellison’s Mineral Resources overnight, after running a multi-country roadshow earlier this week.

No matter how you slice and dice it, one thing is clear: the reflexive stock market rally that began last October (and ended this past August) never had much in the way of fundamental underpinnings. Momentum, yes. Technical picture, yes. Sentiment and emotion, yes. Fundamentals and valuations, sorry, no. And this is why we never bit despite all the external pressure to do so. Everyone loves a bullish narrative.

₹30 crore, taking the total production scale to 600 million devices. CDIL started making silicon chips and devices in 1964 in collaboration with Continental Device Corp. of Hawthorne, California, which was later called Teledyne Semiconductor Co.

India beat defending champions Japan 4-2 to register their third consecutive victory and take a giant step towards semi-final of the men's hockey competition at the Asian Games here on Thursday. Abhishek (13th, 48th minutes) scored two field goals, while Mandeep Singh (24th) and Amit Rohidas (34th) were the other scorers for India. Japan fought back in the final five minutes of the fourth and final quarter and scored two quick goals through Genki Mitani (57th) and Ryosei Kato (60) to reduce the margin of defeat.

International Monetary Fund on Thursday underscored its concerns about global trade breaking into separate blocs, saying such developments could reduce global economic output by 7%. «We believe that that would be costly for the global economy,» IMF spokesperson Julie Kozack told reporters at a regular briefing.

Investing.com -- OpenAI is in advanced negotiations with former Apple (NASDAQ:AAPL) designer Jony Ive and Japan's SoftBank (TYO:9984) over the creation of a new device that aims to become the «iPhone of artificial intelligence,» the Financial Times reported on Thursday.

L’amant Café, Vietnam’s premier organic coffee brand, is all set to enter the Indian market. This follows the brand signing an MoU with its Indian partner Rayanssh Impex, announcing the café’s mission to introduce Vietnamese organic coffee.

Foreign investors sold the largest amount of Japanese stocks since March last week amid signs of risk aversion. 

Meanwhile, the market capitalisation of all listed companies on BSE declined by Rs 1.82 lakh crore to Rs 317.79 lakh crore. Among Sensex stocks, Tech Mahindra, Asian Paints and M&M were the top laggards, falling 3-4%. ITC Titan, Wipro, HUL, and Infosys also declined.

beggars arrested in foreign countries belong to Pakistan, reported Pakistani English-language newspaper The Dawn. " The Senate Standing Committee on Overseas Pakistanis was informed on Wednesday that a growing number of beggars from Pakistan were moving abroad, which has spurred ‘human trafficking’," the report said. Overseas Ministry Secretary Zulfikar Haider disclosed this during a discussion in the Senate panel on the issue of skilled and unskilled labour leaving the country. Haider told the committee that a staggering “90 per cent of beggars” arrested in foreign countries were of Pakistani origin, Dawn reported. Furthermore, it was revealed that many beggars exploit pilgrim visas to gain entry into countries such as Saudi Arabia, Iran, and Iraq. Shockingly, a significant number of pickpockets arrested at holy sites were also identified as Pakistani nationals. Meanwhile, Haider said that Japan has now emerged as a new destination of such visitors, according to Dawn. Moreover, he emphasized Pakistan's historical role in exporting skilled labour and expressed optimism that the country's foreign remittances would increase when professionals went abroad. He further said that Saudi Arabia now preferred skilled labour over untrained individuals, according to Dawn. Hasan also noted that as many as 50,000 engineers in Pakistan were unemployed. «India has reached the moon, while we stumble every day,” the senator added. He also informed that that approximately three million people were in Saudi Arabia, 1.5 million Pakistanis were in the UAE, while 0.2 million were in Qatar.

(Reuters) — OpenAI is in advanced talks with former Apple (NASDAQ:AAPL) designer Jony Ive and SoftBank (TYO:9984)'s Masayoshi Son to build the «iPhone of artificial intelligence», fuelled by more than $1 billion in funding from the Japanese conglomerate, the Financial Times reported on Thursday.

Investing.com-- Most Asian currencies moved little on Thursday amid persistent concerns over hawkish signals from the Federal Reserve, while the Japanese yen rose slightly as markets watched for any intervention in currency markets by the government. 

A look at the day ahead in European and global markets from Tom Westbrook

Investing.com-- Most Asian stocks drifted lower on Thursday, extending recent declines amid persistent fears of higher U.S. interest rates, while Chinese stocks fell on renewed concerns over the country’s beleaguered property market. 

Oil prices scaled one-year highs on Thursday, while world stocks eyed their longest losing streak in two years as worries deepened about persistently high interest rates, sending investors to shelter in the safety of a surging U.S. dollar. A surprisingly big drop in crude stocks at Cushing, Oklahoma, stoked concern that fuel demand is outstripping production right when markets least needed another supply-side shock. U.S.