Japan Financial News

JSW Steel joint venture with Japan's JFE Steel Corp will fully acquire Thyssenkrupp Electrical Steel (TKES) India for ₹4,051.40 crore. The 50:50 joint venture between the two steelmakers is also looking at licensing or transfer of associated technology from Thyssenkrupp, which is included in the deal value. TKES India manufactures grain-oriented electrical steel, used in the making of transformers and generators, at its Nashik facility.

On Tuesday, the International Monetary Fund issues its semi-annual World Economic Outlook and General Motors reports its third-quarter financial results

Netflix shares hit an all-time high on Friday, buoyed by investor optimism that its robust content lineup will help the streaming giant maintain upbeat subscriber growth even as the boost from its password-sharing crackdown wanes.

Pony AI, backed by automaker Toyota, filed for an initial public offering in the U.S. on Thursday, in another sign of growing investor interest in new listings and easing regulatory pressures. Activity in the IPO market has picked up pace in recent weeks, buoyed by the U.S. Federal Reserve kicking off its highly anticipated policy-easing cycle and benchmark indexes trading near record high levels. Pony AI, in which Japan's Toyota owns a 13.4% stake, revealed that its revenue nearly doubled to $24.7 million in the first half of 2024. Net loss attributable to the company was $51.3 million in the same period, compared with $69.4 million last year.

Nippon India Mutual Fund has announced suspension of subscription in its four international funds through lumpsum, switch-ins and fresh registration of SIPs/STPs or such other special products to avoid breaching overseas investment limits. The changes will be effective from October 18. The fund house informed about this to its unitholders through a notice cum addendum.

Tata Toyo Radiator, a joint venture among Tata AutoComp Systems and Japanese companies T RAD Co and Mitsubishi, has leased more than 250,000 sq ft of warehousing space in Pune’s Khed locality for 10 years. The company will be initially paying rent and tenant improvement cost of Rs 90 lakh per month — Rs 67 lakh in rent and Rs 23 lakh of tenant improvement cost. The agreement includes a clause to escalate the rent by 12% after the completion of 2.5 years and 12% every three years thereafter. It has a lock-in period of 5.5 years for the tenant.

Japan has reported its exports to key destinations like China fell in September, leading it to rack up a trade deficit of about $2 billion for the month

In the remote village of Kamimomi in Japan’s western Okayama Prefecture, a small group of rice farmers began their most recent harvest in sweltering heat, two weeks sooner than usual

Subscribe to enjoy similar stories. TOKYO—Japan’s exports dropped for the first time in 10 months in September, with weak shipments to its major trading partners casting some doubt over the nation’s economic recovery path. Exports fell 1.7% in September from a year earlier, dropping for the first time since November 2023, Ministry of Finance data showed Thursday.

North Korea is providing military help to Russia, such as ammunition and weapons, to stand against Ukraine with the utmost strength, as per a report. The United States is in deep concern regarding the military support that North Korea is providing increasing military support to Russia in the ongoing war. Deputy Secretary of State Kurt Campbell expressed on Wednesday that the nuclear threat of Pyongyang has warned Washington and its allies. Evidence has also come that North Korea is providing materials to help Moscow, including artillery and missiles. Following Campbell's words with the officials of South Korea and Japan based on renewing international pressure on North Korea, he has also had words with the reporters, as per Newsweek. Also Read :Taylor Swift spends a whopping amount of money to treat her boyfriend Travis Kelce; this is how much she shelled out

Hong Kong’s leader has announced a cut in liquor taxes as the Asian financial hub hopes to revive its reputation as a travel destination with a vibrant nightlife and dining scene

According to the Bank of America's October Global Fund Manager survey, nearly half (47%) of investors had pointed to EM equities as the biggest winner from Beijing's stimulus announcement, followed by commodities (41%). Meanwhile, government bonds (41%) and Japanese equities (33%) are seen as the biggest losers on the back of the plans, according to the survey.  Chinese equities surge on the back of biggest stimulus package in years The People's Bank of China unveiled a set of monetary stimulus measures in late September designed to inject confidence in the country's struggling eco...

The Japanese entertainment giant Toho has reached an agreement to acquire the Oscar-winning animation outfit GKIDS, the companies said Tuesday

BEIJING — Chinese e-commerce giant Alibaba's international arm on Wednesday launched an updated version of its artificial intelligence-powered translation tool that, it says, is better than products offered by Google, DeepL and ChatGPT.

Elisabeth Finch, the former Grey’s Anatomy writer who had fabricated significant portions of her medical history and personal history is being investigated in the recent docuseries Anatomy of Lies which is premiering on Peacock, reported People. Elisabeth Finch, who was actually celebrated primarily for her powerful essay about surviving chondrosarcoma which is a rare bone cancer, was allegedly using her fake experiences to secure a role on the show while influencing its storylines. According to People, Elisabeth Finch’s web of lies and deceit came to light in the year 2022 when her estranged wife, Jennifer Beyer confronted her with regard to inconsistencies present in her claim which included false narratives about her kidney transplant and her presence during the infamous Tree of Life Synagogue shooting. Also Read: Like Japan, will China risk losing its own decade? CEO of alcohol giant warns

Bandai Namco Studios Inc., an affiliate of the company, has relocated approximately 200 out of its 1,300 employees to so-called “expulsion rooms," or oidashi beya, added the report.As per the wire, these rooms, a tactic sometimes used by Japanese corporations to sidestep the country’s stringent labour laws, provide employees with no work-related tasks, effectively putting them under pressure to leave. Nearly 100 employees have resigned since the implementation of this practice, with more departures expected in the coming months.Despite these claims, Bandai Namco denies using such methods to force staff out.

World shares are mixed, with Hong Kong's benchmark down more than 3%, after Wall Street rolled to more records

Official campaigning has begun for Japan's Oct. 27 parliamentary election

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China’s export growth unexpectedly slowed in September, curbing a trade rebound that has been a bright spot for a weakening economy that policymakers are relying on manufacturing to power. Exports climbed just 2.4% in dollar terms from a year earlier to almost $304 billion, the lowest level since May, the customs administration said Monday. Shipments to key markets including Japan, South Korea and Taiwan all fell, while exports to the European Union and the US marked their slowest rise in at least four months as politicians ramped up tariffs. Russian purchases of Chinese goods soared to a record $11 billion, as Beijing continues to shield Moscow from economic isolation after Western companies producing everything from cars to phones quit President Vladimir Putin’s nation due to sanctions to punish his military aggression.