Japan Financial News

Xi Jinping told two US Flying Tigers veterans who fought for China during World War II that China and the US «should and must» achieve peaceful co-existence, offering further cues for both sides to lower persistent tensions. In his reply to a letter from former pilot Harry Moyer and pilot gunner Mel McMullen, Xi said the people of China and the United States had shared the same enemy in their fight against Japan and had forged a «profound» friendship, according to Chinese state media on Tuesday. «Looking to the future, China and the United States, as two major countries, bear more important responsibilities for world peace, stability and development,» Xi said. «They should and must achieve mutual respect, peaceful coexistence, and win-win cooperation.» His call for stable and peaceful ties followed a series of meetings and talks between US and Chinese officials in recent months aimed at reducing tensions and restoring channels of communication including contact between their militaries. The American Volunteer Group, known as the Flying Tigers, was a fighter group, comprising former US pilots hired by the Republic of China led by Chiang Kai-shek's Kuomintang, to fight against Japan in 1941-42. The airmen, whose planes were iconic for their shark faces, were widely known in China for their feats of bravery in the face of larger Japanese forces as they took to the skies from rural runways paved by Chinese people by hand. «Currently, China-US relations face many difficulties and challenges,» Chinese Vice President Han Zheng told U.S.

By Devjyot Ghoshal and Stefanno Sulaiman

By Rae Wee

(Reuters) — Chinese electric vehicle frontrunner BYD (SZ:002594) has taken an early lead in Southeast Asia's small but fast-growing EV market, partly on the back of distribution partnerships with large, local conglomerates.

Investing.com — Oil bulls pressed ahead Monday with the momentum they had gained in the past three weeks, closing in on the Saudi wish for triple-digit pricing, as markets awaited the Federal Reserve’s verdict on U.S. inflation creeping again from high energy costs.

On 15 August 1945, Emperor Hirohito announced Japan’s unconditional capitulation after the bombing of Hiroshima and Nagasaki, ordering all Japanese forces to cease hostilities and surrender to Allied troops. And that is how World War II ended for the world. But not for ‘holdouts.’ These were Japanese soldiers scattered in the Philippines islands who continued fighting despite Japan’s surrender, the most notable being a soldier called Hirro Onoda.

Federal Reserve, the Bank of England and the Bank of Japan. Currency moves were largely muted on Monday as investors were hesitant to make big directional wagers ahead of the week's slew of central bank interest rate decisions. «The plethora of event risk and central bank meetings coming up is keeping a lid on volatility, and with traders really not wanting to chase moves or take on significant risk before the FOMC, BoE, BoJ, etc.,» Michael Brown, market analyst at Trader X, said. The U.S. dollar index — which measures the currency against six major counterparts — was about flat at 105.25, not far from the six-month high of 105.43 touched on Thursday.

As the Federal Reserve and central banks of England, China, and Japan ready for rate decisions this week, oil longs seem to have only concern: Keeping a barrel above $90 and adding to the gains thus far for September.

An earthquake of magnitude 6.1 struck northeast of Taiwan region on Monday, the German Research Center for Geosciences (GFZ) said. The earthquake was also confirmed by United States Geological Survey (USGS).

(Reuters) -Gold miner Newmont Corp said on Monday it has received a clearance from Australia's Foreign Investment Review Board to proceed with its proposed A$26.2 billion ($16.86 billion) takeover of Australia's Newcrest Mining (OTC:NCMGF).

Stocks fell as traders took risk off the table ahead of a raft of policy decisions this week from the US, the UK and Japan. 

HDFC Bank, Reliance Industries and Infosys. The domestic market ended lower, mirroring weak global sentiment ahead of key central bank meetings while concerns over global economic growth persisted.

Japan recently announced that it is considering a proposal to take away bank cards from those over 65 to take a stab at reducing financial scams that their older population is currently grappling with. In today’s rapidly-evolving digital landscape, it’s all too easy to underestimate the profound impact of cyber threats on our lives. Many of us operate under the assumption that we are safe and well-informed, immune to the dangers that seem distant and abstract. But it’s when these perils strike close to home that their seriousness truly comes to light. I’m not referring to another wave of a virus, but rather the insidious realm of Cyber Fraud.

Whitehaven Coal has confirmed it is in the running to acquire BHP’s major Daunia and Blackwater coal mines in Queensland after a major investor alleged the company had selectively briefed some of its shareholders and suggested the market was “misinformed”.

Nifty traded in the negative territory in morning trade on Monday, mirroring weakness in other major Asian peers as investors exhibited caution as they prepared for a week marked by a series of central bank meetings with Fed meet outcome due on Wednesday, Bank of England (BoE) meet outlook on Thursday and Bank of Japan (BoJ) outcome due on Friday. Markets across the globe are expecting that the rate hikes have peaked and central banks will not lift rates from here on. However, inflation still remains above the central banks' targets in many countries.

rupee depreciated 16 paise to end at 83.19 a dollar. Concerns over elevated crude oil prices, strong greenback and a widening trade deficit limited the upside for rupee.

Google Doodle on Monday celebrates ‘Respect for the Aged Day 2023', also known as Keirō no Hi or 敬老の日 in Japanese. This day is observed on the third Monday of every September. In Japan, the day holds a deep cultural significance as it honors the elderly population.

BHP’s NSW coal boss, Adam Lancey, has been promoted to run the company’s challenging Queensland coking coal division, after his predecessor Mauro Neves left the company to conduct a pilgrimage.

By Vidya Ranganathan

By Stella Qiu

Indian stock market indices, Sensex and Nifty are likely to open lower on Monday following weak global cues. Asian markets traded lower, while the US stock markets ended in the red last week. Foreign capital outflows, elevated crude oil prices and inflation concerns may cast shadow over the market, while strong domestic macroeconomic data with lower CPI and wholesale inflation are likely to provide comfort.