Japan Financial News

dollar pushed the yen deeper into intervention territory on Thursday as a resilient U.S. economy underscored the need for higher-for-longer interest rates, while a strikingly ultra-dovish Bank of Japan struggled to defend its policy stance. The Australian dollar tumbled after the country's July employment unexpectedly fell while its jobless rate ticked up more than expected.

MSCI's broadest index of Asia-Pacific shares outside Japan slid to 495.03, its lowest since Nov. 29. It was last down 1.14% at 497.11, with the index down 8% for August and set for its worst monthly performance since September.

Kaavaalaa' fever! The charm of the hit song from the movie 'Jailer,' featuring Tamannaah Bhatia and Rajinikanth, is now a global phenomenon. The peppy song has captured the attention of international audiences, particularly in Japan. Joining the 'Kaavaalaa' trend, Japanese Ambassador to India Hiroshi Suzuki created a dance video with Japanese YouTuber Mayo San.

By Tetsushi Kajimoto

Investing.com-- Oil prices fell to a two-week low in Asian trade on Thursday, extending recent losses as markets fretted over an economic slowdown in China, while strength in the dollar also weighed amid continued signs of a hawkish Federal Reserve. 

Sensex and Nifty closing marginally higher. “The market has been witnessing pressure on account of weak global cues especially because of the faltering of the Chinese economy and Fitch's warning to downgrade US midsized banks. Even on the domestic front sharp surge in inflation data and weak monsoon progress in the month of August 2023 seems to have dented the investor's sentiments," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.

Google Doodle is celebrating Indonesia's 78th Independence Day is a special illustration designed by guest artist Diela Maharanie. Indonesia had officially declared independence from Dutch rule on August 17, 1945. “Today’s Doodle artwork represents the Indonesian community coming together to play traditional Independence day games, remembering the importance of collaboration." Google said in a blog post.

By Anton Bridge

By Siddharth Cavale and Ananya Mariam Rajesh

Canadian financial institutions are increasingly taking an interest in crypto as regulatory clarity emerges in the country, according to WonderFi CEO Dean Skurka, who met up with Cointelegraph at the Blockchain Futurist Conference in Toronto.

Benchmark U.S. crude oil for September delivery fell $1.61 to $79.38 a barrel Wednesday

Finance Minister Nirmala Sitharaman on Wednesday invited Japan Bank for International Cooperation (JBIC) for an active engagement with National Investment and Infrastructure Fund (NIIF), EXIM Bank of India and other financial institutions citing huge opportunity for investment in the country. During the meeting with JBIC Governor Hayashi Nobumitsu here, both exchanged views on JBIC's recent activities in India contributing towards Japan's investment target of five trillion yen over the next five years. «The Union Finance Minister observed that India has been ranked by the JBIC as one of the most attractive #investment destinations in recent years' survey of Japanese manufacturing companies and encouraged engagement of JBIC with Indian financial institutions such as Exim Bank @IndiaEximBank, NIIF and lending banks to leverage the strength and complementarities of both countries,» the finance ministry said in a statement posted on X. Japan has agreed to provide 5 trillion yen in public-private investment and loans to India over the next 5 years. This goal was set by both countries during Prime Minister Kishida Fumio's visit to India in March of last year.

NEW DELHI : New Delhi and Dhaka are considering the establishment of 16 new border haats to increase the volume of trade between the two countries, according to Smita Pant, a senior diplomat in the Ministry of External Affairs. According to Pant, the two countries have eight haats operational, which are located across a number of northeastern states like Tripura and Meghalaya. Pant was delivering remarks at a conference focused on connectivity between India’s Northeast and Bangladesh, organized by Asian Confluence, a think-tank.

₹1,200-1,300 crore through an initial public offering (IPO). According to the Happy Forgings’s DRHP, the IPO comprises a fresh issue of equity shares worth ₹500 crore and an offer for sale (OFS) of up to 80.55 lakh shares by a promoter and a selling shareholder. Ludhiana-based Happy Forgings may also consider a pre-IPO placement of shares aggregating up to ₹100 crore.

Indian Air Force (IAF) will host a mega multilateral military exercise next year that was originally planned for October. The exercise, 'Tarang Shakti', is likely to be held in the middle of 2024 as a number of participating air forces conveyed to the IAF that they will not be able to join the wargame if it is held this year, sources in the defence and military establishment said on Wednesday. The exercise is expected to witness participation of around 12 air forces and the focus of the wargame will be to improve military cooperation and enhance interoperability, they said. It will be the biggest air exercise being organised in India. It is learnt that air forces of France, the UK, Australia, the US and Japan would participate in the exercise.

When it comes to cryptocurrency/blockchain regulation, considerable attention has been focused, this past year, on the United States' action (or inaction). But the U.S. is not the world, just one important player, and crypto, from its beginnings, has been a global enterprise. 

Started in 2013, TVS Motor Company and BMW Motorrad have commemorated a decade of their robust and strategic partnership within the realm of two-wheelers. Spanning over product development, design, technology, knowledge sharing, and developing common platforms for both their global customers, the strategic partnership between the two companies have achieved a series of milestones globally, said the company in a statement.

By Harry Robertson and Kane Wu

TikTok phenomenon in the U.S. to respond faster to trends and keep rebalancing the distribution of its products to continue betting on its retail partnerships with Ulta Beauty, Target and Sephora-Kohl’s ventures, where mass beauty brands top sales. Indie brand e.l.f.

Intel said on Wednesday it would walk away from its more-than-$5 billion proposed acquisition of Israeli chip maker Tower Semiconductor after failing to win regulatory approval for the deal. The deal required approval from a number of jurisdictions, and China’s State Administration for Market Regulation had yet to sign off by Tuesday’s approval deadline. The Chinese regulator didn’t immediately respond to a request for comment Wednesday.

An Australian timber wastes recycling business which had begun exporting wood pellets across the globe has tumbled into administration, with Japanese powerhouse Mitsui then appointing receivers.