one of several Chinese currencies, historical and present; name of currency unit in some east Asian languages
Japan hotel prices near 30-year high as weak yen lures record tourists: The average daily room rate for March was about ¥20,986 ($136), the highest level since ...
japantimes.co.jp/business/2024/04/19/companies/japan-hotel-prices-rise-near-30-year-high/
Dollar hits 34-year high against yen after US inflation data: Move past ¥153 sparks speculation that Japan could intervene to support currency
ft.com/content/661bc2cb-6d6f-42b3-9909-d2bd696deb8a
Dollar's dominant reserve currency status to endure, says Morgan Stanley: The U.S. dollar's dominant reserve currency status is likely to endure partly because ...
reuters.com/markets/currencies/dollars-dominant-reserve-currency-status-endure-says-morgan-stanley-2024-04-18/
Putin and Xi’s Unholy Alliance: Why the West Won’t Be Able to Drive a Wedge Between Russia and China
foreignaffairs.com/china/putin-and-xis-unholy-alliance
Paid articlePaid
Quick Glance: Hong Kong Denies Entry to Press Freedom Advocate
- Reporters Without Borders reported that a representative of the organization was deported from Hong Kong upon arrival on Wednesday.
- Aleksandra Bielakowska, a representative of Reporters Without Borders based in Taiwan, was detained for six hours at Hong Kong International Airport and then deported without explanation.
- Bielakowska traveled to Hong Kong to meet with journalists and monitor the trial of media tycoon Jimmy Lai, who faces possible life imprisonment for national security offenses.
- Hong Kong has witnessed a significant decline in press freedom in recent years, ranking 140th out of 180 countries and territories in Reporters Without Borders' 2023 World Press Freedom Index.
Tesla cuts prices in China, Germany and around globe after US cuts: Tesla has cut prices in a number of its major markets, including China and Germany ...
reuters.com/business/autos-transportation/tesla-cuts-prices-across-its-line-up-china-2024-04-21/
Quick Glance: Tesla cuts prices in US, China and Germany as competition intensifies
- Tesla has announced aggressive price cuts in China and Germany, shortly after reducing prices in the United States, as the world’s largest maker of electric vehicles (EV) faces declining sales and growing competition in major markets.
- The prices of four models were slashed in China by 14,000 yuan ($1,932), while in Germany, the price of the Model 3 rear-wheel drive was lowered by 2,000 euros ($2,132). Earlier cuts were made in the US, with prices of three models reduced, while prices for the Model 3 and Cybertruck remained unchanged.
- The price cuts come during a tough time for Tesla, with a significant stock plunge and a drop in quarterly deliveries. Elon Musk postponed his planned India trip due to company obligations. In China, Tesla's price cuts escalate an existing price war in a highly competitive sector influenced by other manufacturers like BYD offering more affordable options.
- The price wars in China began in 2022 and continue with over 30 car makers announcing further price reductions, impacting the entire auto industry's profit margins. Competitors like BYD and XPeng are also offering subsidies and lowering prices to attract buyers in the EV market, posing challenges to Tesla's market dominance.
China's Li Auto cuts car prices in market share battle: Chinese automaker Li Auto on Monday cut prices by around 5% on four of its five models and said it would ...
reuters.com/business/autos-transportation/chinas-li-auto-cuts-car-prices-market-share-battle-2024-04-22/
US nods to 'serious' Japan, S.Korea concerns over slumping currencies: The United States, Japan and South Korea agreed to "consult closely" on foreign exchange ...
reuters.com/markets/us-japan-korea-finance-leaders-launch-first-trilateral-meeting-2024-04-17/
Xiaomi says sales of its electric car 3-5 times higher than expected: Sales of Chinese smartphone maker Xiaomi's first electric car have been 3-5 times higher ...
reuters.com/business/autos-transportation/xiaomi-says-sales-its-new-ev-have-been-3-5-times-higher-than-expected-2024-04-18/
On Himalayan hillsides grows Japan’s cold, hard cash: One of the poorest pockets of Asia supplies a primary ingredient for the economy in one of the richest.
nytimes.com/2024/04/15/world/asia/nepal-japan-yen-argeli.html
Quick Glance: Japanese Currency Cultivated from Himalayan Shrubs
- A shrub in Nepal supplies material for Asia's financial system.
- Argeli plant in Nepal was commonly used for firewood or fencing before Japan's currency involvement.
- Japan prints money on unique paper, not locally available, to meet the demand for fresh yen notes, benefiting Mr. Sherpa and neighbors.
Dollar notches up strongest week since 2022: Currency’s strength compared with euro and sterling comes after outsize US inflation figures
ft.com/content/85f87fa4-80b0-4a94-90bc-8f7e0a00c70a
Dollar rises to 5-month high, puts heat on yen; GDP data boosts yuan
reuters.com/markets/currencies/dollar-firms-after-hot-retail-sales-yen-languishes-china-data-awaited-2024-04-16/
Currencies calm but cautious after a weary week: The euro and yen were relatively steady in early Asian trading on Monday and the U.S. dollar stayed near its ...
reuters.com/markets/currencies/currencies-calm-cautious-after-weary-week-2024-04-22/
Instant view: Oil, Japan's yen up on reports Israeli missiles hit Iran: Oil and gold prices rose and Japan's yen rallied on Friday on reports Israeli missiles ...
reuters.com/markets/view-oil-japans-yen-up-reports-israeli-missiles-hit-iran-2024-04-19/
Dollar edges down but still close to 5-1/2 month high, Fed, Middle East in focus
reuters.com/markets/currencies/dollar-steady-yen-fragile-after-fed-comments-dash-rate-cut-bets-2024-04-17/
This veggie stands works on an honor system in the middle of Tokyo.🗼🥕 Prices are low, at around 100 yen or 70 cents per package.www3.nhk.or.jp/nhkworld/en/shows/5003241/
Nissan cuts annual operating profit estimate by 14.5% on lower sales: Nissan Motor slashed its annual operating profit estimate by 14.5% on Friday ...
reuters.com/business/autos-transportation/nissan-cuts-annual-operating-profit-estimate-by-145-lower-sales-2024-04-19/
China c.bank set to leave policy rate unchanged, drain some liquidity: China's central bank is set to leave a key policy rate unchanged when rolling over ...
reuters.com/markets/asia/china-cbank-set-leave-policy-rate-unchanged-drain-some-liquidity-2024-04-12/
Uniqlo operator Fast Retailing’s Q2 profit climbs 7%: Fast Retailing is on track for a third straight year of record earnings.
straitstimes.com/business/uniqlo-operator-fast-retailing-says-q2-profit-rose-72
China's BYD unveils three new models for its off-road Fangchengbao lineup: BYD has unveiled three new models, including two concept cars, under its premium brand ...
reuters.com/business/autos-transportation/chinas-byd-unveils-three-new-models-its-off-road-fangchengbao-lineup-2024-04-17/
Breaking news: The dollar has notched up its strongest weekly performance since 2022 after outsize US inflation figures caused ripples through world markets ... Show more www.ft.com/content/85f87fa4-80b0-4a94-90bc-8f7e0a00c70a
China natural disasters cost $3.3 billion in first quarter, government says: Floods, droughts, an earthquake and freezing conditions in China caused direct ...
reuters.com/world/china/china-natural-disasters-cost-33-billion-first-quarter-government-says-2024-04-13/
Morning Bid: De-risking, seeking safety as Middle East tensions rise: A look at the day ahead in Asian markets.
reuters.com/markets/global-markets-view-asia-graphic-pix-2024-04-14/
Dollar firm, yen under watch ahead of key US CPI release: The dollar consolidated on Wednesday ahead of a key inflation report later in the day ...
reuters.com/markets/currencies/dollar-sideways-yen-under-watch-ahead-key-cpi-release-2024-04-10/
Asian shares jump on tech boost; fragile yen on intervention watch: Asian stocks rose sharply on Wednesday led by tech stocks as investors' focus shifts to ...
reuters.com/markets/global-markets-wrapup-1-2024-04-24/
Quick Glance: Hope for Strong Quarterly Results Drives Wall St Stocks
- Wall Street stocks saw an increase on Monday as investors anticipated a busy week of quarterly results from key companies to gain insight into the health of the U.S. economy.
- All 11 S&P 500 sectors experienced growth, with technology and financial stocks leading the gains.
- In addition to the outstanding corporate earnings, markets are also looking forward to the upcoming release of the PCE data in March later this week to further understand the monetary policy trajectory.
- Megacap growth stocks showed gains, including Alphabet, Amazon.com, and Apple, along with Nvidia's increase to recover from a previous decline.
China c.bank keeps policy rate unchanged, drains cash from banking system: China's central bank on Monday left a key policy rate unchanged as expected when ...
reuters.com/markets/rates-bonds/china-cbank-keeps-policy-rate-unchanged-drains-cash-banking-system-2024-04-15/
China EV maker Nio urges openness in US speech amid tensions: Chinese electric vehicle (EV) maker Nio's founder called for openness in a rare speech in the ...
reuters.com/business/autos-transportation/china-ev-maker-nio-urges-openness-us-speech-amid-tensions-2024-04-14/
Dollar shaky after euro rebound; yen mired at 34-year low: The dollar nursed its wounds on Wednesday following big tumbles against the euro and sterling ...
reuters.com/markets/currencies/dollar-shaky-after-euro-rebound-yen-mired-34-year-low-2024-04-24/
BOJ to Hold Interest Rates With Focus on Hawkish Signals to Buoy Yen (JPY USD): The Bank of Japan is widely expected to leave its benchmark interest rate ...
bloomberg.com/news/articles/2024-04-22/boj-to-hold-rates-with-focus-on-hawkish-signals-to-buoy-yen
Paid articlePaid (JPY/USD) Japan Is ‘Very Close’ to Intervention, Ex-Forex Chief Says: Japan is on the brink of currency intervention if the yen weakens any further ...
bloomberg.com/news/articles/2024-04-23/japan-is-very-close-to-intervention-former-forex-chief-says
Gov't estimates Jan 1 quake cut Japan growth by ¥115 bil: The government on Tuesday estimated that a deadly earthquake that hit central Japan on New Year's Day ... Show more #Japan #JapanToday #news
Acceleration: The Bloomberg Open, Asia Edition: Good morning. Tesla soars on plans to accelerate the launch of cheaper models. Companies raised a record amount ...
bloomberg.com/news/newsletters/2024-04-23/acceleration-the-bloomberg-open-asia-edition
ECB’s Villeroy Says Oil Uncertainty Won’t Stop June Rate Cut: The European Central Bank won’t be swayed from a first interest-rate cut in June by oil price ...
bloomberg.com/news/articles/2024-04-21/ecb-s-villeroy-says-oil-uncertainty-won-t-stop-june-rate-cut
Paid articlePaid
Japanese doctors demand damages from Google over ‘groundless’ reviews: Rolling coverage of the international stories of interest to our readers
irishexaminer.com/world/arid-41377759.html
Quick Glance: Google restructuring operations and relocating roles to 'hubs' to fund AI investments
- Google is implementing staff layoffs and transferring certain roles to 'hubs' to secure funds for artificial intelligence investments.
- The finance and real estate teams are being affected by the downsizing, with some roles being moved overseas.
- Through the consolidation of finance teams in Bangalore, Mexico City, Dublin, Chicago, and Atlanta, Google aims to enhance efficiency and operate around the clock.
- The restructuring is driven by the substantial shift towards artificial intelligence in the tech industry, prompting Google to allocate more resources to this domain.
Asian shares extend gains ahead of tech earnings, yen fragile - Markets - The Jakarta Post
thejakartapost.com/business/2024/04/23/asian-shares-extend-gains-ahead-of-tech-earnings-yen-fragile.html
BOJ to discuss impact of yen's rapid slide at this week's policy meeting: TOKYO -- Policymakers at the Bank of Japan are expected to focus on the effects of a ...
asia.nikkei.com/Economy/Bank-of-Japan/BOJ-to-discuss-impact-of-yen-s-rapid-slide-at-this-week-s-policy-meeting
Paid articlePaid Five Things You Need to Know to Start Your Day: Asia: Good morning. Tech stocks are roaring back. Tesla wants to hurry up and build cheaper models ...
bloomberg.com/news/newsletters/2024-04-23/five-things-you-need-to-know-to-start-your-day-asia
SoftBank to spend $960m to boost computing power for generative AI: TOKYO -- Japanese telecom company SoftBank is investing 150 billion yen ($960 million) by ...
asia.nikkei.com/Business/Tech/Semiconductors/SoftBank-to-spend-960m-to-boost-computing-power-for-generative-AI
Paid articlePaid Japan's Nidec projects record profit on EV parts recovery: KYOTO, Japan -- Japanese motor maker Nidec forecasts consolidated net profit to rise 32% to a ...
asia.nikkei.com/Business/Electronics/Japan-s-Nidec-projects-record-profit-on-EV-parts-recovery
Japanese 'sugar baby' gets 9 years for scamming men out of ¥155 mil: A 25-year-old Japanese woman was given a nine-year prison sentence on Monday for ...
japantoday.com/category/crime/japanese-sugar-baby-gets-9-yrs-for-scamming-men-out-of-155-mil.-yen
Trump Blames Biden For Strong Dollar—As US Currency Reaches New High Against Japanese Yen
forbes.com/sites/zacharyfolk/2024/04/23/trump-blames-biden-for-strong-dollar-as-us-currency-reaches-new-high-against-japanese-yen/
Japan's big cities become magnets for inherited rural savings: TOKYO -- Major Japanese banks are vying for an estimated 58 trillion yen ($377 billion) in ...
asia.nikkei.com/Spotlight/Datawatch/Japan-s-big-cities-become-magnets-for-inherited-rural-savings
Paid articlePaid
Japan may intervene to support yen any time, says senior ruling party official | The Asahi Shimbun: Breaking News, Japan News and Analysis
asahi.com/ajw/articles/15242623
Morning bid: Fragile FX, tech swoon cloud sentiment: A look at the day ahead in Asian markets.
reuters.com/markets/asia/global-markets-view-asia-graphic-pix-2024-04-21/
India to surpass Japan as 4th-largest economy in 2025, IMF says: MUMBAI -- India's nominal gross domestic product will likely outstrip Japan's ...
asia.nikkei.com/Economy/India-to-surpass-Japan-as-4th-largest-economy-in-2025-IMF-says
Paid articlePaid
Trump sounds alarm on strong dollar boomeranging over Asia: The power of the dollar over weaker Asian currencies is attracting attention as the prospect of ...
thehill.com/business/4615958-trump-sounds-alarm-on-strong-dollar-boomeranging-over-asia/
Japan’s Nikkei Rises above 38,000 Points as Tech Shares Soar
japannews.yomiuri.co.jp/news-services/reuters/20240424-182090/
'Chaotic era' for Asian currencies: Bank of America is not bullish on any of them
cnbc.com/2024/04/24/bank-of-america-not-bullish-on-asian-currencies-cites-chaotic-era.html
Japan's Sumitomo plans $1.3 billion renewable power storage network, Nikkei reports
reuters.com/sustainability/japans-sumitomo-plans-13-billion-renewable-power-storage-network-nikkei-reports-2024-04-23/
BOJ to hold rates with focus on hawkish signals to buoy yen: Gov. Kazuo Ueda and his fellow board members are set to keep the short-term rate around 0% to 0 ...
japantimes.co.jp/business/2024/04/23/economy/boj-policy-meet-preview/
ANALYSIS: Will Senegal’s new president shake up external relations?: Despite pre-election rhetoric, long-standing principles and regional realities will likely ...
premiumtimesng.com/news/headlines/688158-analysis-will-senegals-new-president-shake-up-external-relations.html
Japan's inflation slows to 2.6% in March but rate hike still likely: Japan's core inflation slowed to 2.6 percent in March as the effects of higher ...
japantoday.com/category/business/update3-japan&
Yuan (CNY USD) Usage Making Larger Share of International Payments, Swift Says: The Chinese yuan is accounting for a growing share of international payments ...
bloomberg.com/news/articles/2024-04-18/yuan-usage-extends-global-climb-as-euro-share-slips-swift-says
PHP USD: Philippine Central Bank Chief Says Peso Fall Won’t Affect Policy: The Philippine peso’s slide to a 17-month low isn’t large enough to derail monetary ...
bloomberg.com/news/articles/2024-04-17/philippine-central-bank-chief-says-peso-fall-won-t-affect-policy
Paid articlePaid This Strong Dollar Is Nothing to Fear: The buck is surging again. But currency strength comes in many flavors, and this is the good kind.
bloomberg.com/opinion/articles/2024-04-23/this-strong-dollar-is-nothing-to-fear
Paid articlePaid
Stocks rise ahead of US data and earnings, London hits fresh record - Economy - Business
english.ahram.org.eg/NewsContent/3/12/522392/Business/Economy/Stocks-rise-ahead-of-US-data-and-earnings,-London-.aspx
Editorial: 1 year before 2025 Osaka Expo, lack of public enthusiasm evident - The Mainichi
mainichi.jp/english/articles/20240423/p2a/00m/0op/005000c
Nidec posts unexpected quarterly loss, hit by restructuring costs amid China EV war
reuters.com/business/autos-transportation/nidec-posts-quarterly-loss-hit-by-restructuring-costs-2024-04-23/
Political heat prods Japan, South Korea to team up on weak currencies: The success of Japan and South Korea at inserting language voicing concern over their ...
reuters.com/markets/currencies/political-heat-prods-japan-south-korea-team-up-weak-currencies-2024-04-19/
BOJ expected to maintain rates amid focus on yen, economic recovery : As the Bank of Japan (BOJ) concludes its two-day policy meeting, analysts anticipate the ...
wionews.com/business-economy/boj-expected-to-maintain-rates-amid-focus-on-yen-economic-recovery-714069
Japan finance chief issues fresh warning on excessive yen moves: Finance Minister Shunichi Suzuki repeated his warning to investors against pushing down the yen ...
japantimes.co.jp/business/2024/04/20/markets/japan-yen-excessive-yen-moves-warning/
Japan to take appropriate steps, mulls all options as yen falls - The Mainichi: TOKYO (Kyodo) -- Japan will take appropriate action to counter excessive ...
mainichi.jp/english/articles/20240423/p2g/00m/0bu/008000c
Allianz says Japanese stocks will defy geopolitics and yen volatility: The asset manager expects support from solid corporate fundamentals and the long-term ...
japantimes.co.jp/business/2024/04/22/markets/japan-stock-market-forecast/
Dollar touches new 34-year peak vs yen on U.S. rate outlook | The Asahi Shimbun: Breaking News, Japan News and Analysis
asahi.com/ajw/articles/15242124
Food wholesalers helping to meet demand for Japanese cuisine | The Asahi Shimbun: Breaking News, Japan News and Analysis
asahi.com/ajw/articles/15211415
China state fund pours $41 bln into stock market in Q1, reports show: Chinese state fund Central Huijin Investment bought blue-chips worth at least $41 billion ...
reuters.com/world/china/china-state-fund-pours-41-bln-into-stock-market-q1-reports-show-2024-04-22/
China's Q1 fiscal revenue falls as tax cut policies weigh: China's fiscal revenue in the first quarter fell 2.3% from a year earlier, as some special factors ...
reuters.com/world/china/chinas-q1-fiscal-revenue-falls-tax-cut-policies-weigh-2024-04-22/
Tokyo stocks rebound on eased Middle East tensions - The Mainichi: TOKYO (Kyodo) -- Tokyo stocks rebounded Monday, as easing fears over escalation in the Middle ...
mainichi.jp/english/articles/20240422/p2g/00m/0bu/034000c
Japan and South Korea could coordinate currency intervention, but they may need U.S. support
cnbc.com/2024/04/22/intervention-in-yen-and-won-not-out-of-the-question.html
Political heat prods Japan, South Korea to team up on weak currencies: The success of Japan and South Korea at inserting language voicing concern over their ...
reuters.com/markets/currencies/political-heat-prods-japan-south-korea-team-up-weak-currencies-2024-04-19/
Toshiba mulls cutting thousands of domestic jobs to reduce costs - The Mainichi: TOKYO (Kyodo) -- Toshiba Corp. is considering cutting thousands of workers in ...
mainichi.jp/english/articles/20240417/p2g/00m/0bu/057000c
How the weak yen is affecting ordinary households: We like to think, in the teeth of much evidence to the contrary, that we’re masters of our fate ...
japantoday.com/category/features/kuchikomi/how-the-weak-yen-is-affecting-ordinary-households
Mt. Fuji's Yoshida route to cap entry at 4,000 daily, limit hours, collect toll - The Mainichi
mainichi.jp/english/articles/20240419/p2a/00m/0li/029000c
Japanese tea leaves fetch 1.11 mil. yen at auction: The season's first auction of new Japanese tea leaves has been held in Shizuoka City ― renowned for its ...
www3.nhk.or.jp/nhkworld/en/news/ataglance/3086/
The number of visitors to Japan exceeded 3 million for the first time in March, while a weak yen drove tourists to spend a record amount over the first quarter ... Show more asia.nikkei.com/Business/Travel-Leisure/Japan-foreign-tourists-top-3m-in-March-fueling-record-spending-boom
BOJ chief hints at rate hike if weak yen raises inflation fears - The Mainichi: WASHINGTON (Kyodo) -- Bank of Japan Governor Kazuo Ueda on Thursday suggested a ...
mainichi.jp/english/articles/20240419/p2g/00m/0bu/010000c
Oil Poses More Risks for Yen (JPY USD) as Japan Depends on Energy Imports: As if the yen doesn’t have enough reasons to weaken, risks are emerging that higher ...
bloomberg.com/news/articles/2024-04-19/oil-poses-more-risks-for-yen-as-japan-depends-on-energy-imports
New to NewsWall?
Sign up now to get your own personalized news!
Trending topics