Japan Financial News

Allegro’s Team Global Express is getting a lot of attention as the business fields inbound interest from cashed-up overseas buyers.

Alexa. One of the major highlights of the announcements is the improvement of smart home experiences powered by LLM. Users will be able to combine multiple commands into a single sentence, simplifying tasks like controlling blinds, lights, and even the vacuum cleaner with a single voice command.

China's top diplomat, then the commander and political commissar of the People's Liberation Army Rocket Force (PLARF), and now the country's minister of defense. The list of disappearing leaders just continues to mount, as Beijing draws a veil of secrecy over the obvious failure of the regime's efforts to curb personal greed and excesses. Speculation about the fate of Defense Minister Li Shangfu took on a new luster when US Ambassador to Japan Rahm Emanuel cheekily tweeted that the «unemployment rate» in the Chinese government was very high.

By Tim Kelly and Nobuhiro Kubo

Mt. Gox Rehabilitation Trustee has once again extended the deadline for repayments to its creditors. 

Mt. Gox trustee Nobuaki Kobayashi has officially changed the deadline for paying back the exchanges' creditors from Oct. 31, 2023, to Oct. 31, 2024.

By Makiko Yamazaki

By Kantaro Komiya

Investing.com-- Most Asian currencies tumbled on Thursday, while the dollar rose to six-month highs after the Federal Reserve warned that U.S. interest rates will remain higher for longer. 

A look at the day ahead in European and global markets from Kevin Buckland

By Anton Bridge

Japan Industrial Partners (JIP) gained 78.65% of Toshiba through a tender offer, Toshiba said, coming a step closer to completing a $14 billion deal to take the company private. Ownership of more than a two-third majority would be enough for the JIP group to squeeze out remaining shareholders. Toshiba is now set to be delisted as early as December, ending its 74-year history as a listed firm. The deal puts the electronics-to-power stations maker in domestic hands after years of battles with overseas activist shareholders. JIP is joined by some 20 Japanese companies, including financial services firm Orix and chipmaker Rohm. Toshiba in March accepted JIP's buyout offer valuing the industrial conglomerate at 2 trillion yen ($13.5 billion), with no prospects of a higher offer or competing bid, even though the 4,620 yen per share offer price was considered by some as unsatisfactory. «We are deeply grateful to many of our shareholders for being understanding of the company's position,» Toshiba Chief Executive Taro Shimada said in a statement on Thursday.

Indian stock market indices Sensex and Nifty50 are expected to open lower on Thursday tracking weakness in global peers. The Asian markets traded lower, while the US markets ended in the red after the US Federal Reserve Chair Jerome Powell announced a hawkish monetary policy. The US Fed kept the benchmark interest rates unchanged at a 22-year high of 5.25% to 5.5%, but said it will raise interest rates one more time this year.

Inching a step closer to complete a $14 billion deal, Japan Industrial Partners (JIP), bought 78.65% share of Toshiba through a tender offer, said the Japanese firm. After owning of more than two-third majority stake of the company, it would be easier for JIP group to squeeze out remaining shareholders. The step will enable Toshiba to be delisted as early as December, ending its 74-year history as a listed firm.

By Brigid Riley

By Xie Yu

Investing.com-- Oil prices fell in Asian trade on Thursday as the Federal Reserve’s warning on higher U.S. interest rates saw investors lock-in more recent profits, although expectations of tight supply still presented a positive outlook for crude. 

In the first half of 2023, global debt increased by $10 trillion, reigniting concerns about its impact on the world economy and the potential for a financial crisis, according to data released by the Institute of International Finance (IIF) on Tuesday. 

SoftBank, known for its bold technology bets, is expanding its hospitality presence in India with a new category of premium hotels and five-star hotels, people familiar with the developments told ET. The Japanese conglomerate has partnered with Oravel Stays, the parent of hotel chain Oyo, to operate these hotels. Under a joint venture arrangement called ‘Mountainia’ the companies have drawn up a plan to open four- and five-star hotels under the ‘Sunday’ brand name across fast-growing tier two Indian cities, the people cited above said.

Incubate Fund Asia, a sector-agnostic and Japan-origin venture capital firm, on Wednesday announced the first close of its third fund, which has a target corpus of $50 million (Rs 416 crore). The Singapore-based fund also said it is rebranding itself as Incubate Fund Asia. Previously, as Incubate Fund India, it only backed domestic startups such as Captain Fresh, Yulu, ShopKirana and Plum from its first two funds since 2016. It has backed 27 companies so far.

Benchmark U.S. crude oil for October delivery fell 92 cents to $90.28 a barrel Wednesday