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Rupee trades in narrow range against U.S. dollar in early trade: Rupee trades in narrow range against dollar amid positive equities, elevated crude oil prices ...
thehindu.com/business/markets/rupee-trades-in-narrow-range-against-us-dollar-in-early-trade/article68100721.ece
Stock market: Alphabet and Microsoft share prices rise: The American tech giants Alphabet and Microsoft are growing rapidly and evoking the potential of ...
faz.net/aktuell/wirtschaft/unternehmen/boerse-aktienkurse-von-alphabet-und-microsoft-steigen-19679617.html
Bank of Japan Stands Pat on Rates and Bond Buying, Hitting Yen: The Bank of Japan held its interest rate settings steady and simplified its language on ...
bloomberg.com/news/articles/2024-04-26/boj-holds-rates-drops-monthly-bond-buying-reference-figure
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Japan's yen hits 155 to the dollar, weakest since 1990: (Reuters) -- The yen fell on Wednesday to its weakest levels against the dollar since 1990 ...
asia.nikkei.com/Business/Markets/Currencies/Japan-s-yen-hits-155-to-the-dollar-weakest-since-1990
Quick Glance: Market Volatility in Asia: Impact of Meta's Losses
- The depreciation of Asian currencies against the U.S. dollar and potential actions by monetary authorities are at the forefront of Asian markets.
- Post-market gains from U.S. tech giant Meta could impact Asian markets as shares dropped by 10% after trading hours.
- Concerns surrounding currencies are escalating as the dollar breached 155.00 yen on Wednesday without any indication of intervention from Japanese authorities. Will Tokyo take action?
- Given the current environment that led to a rare joint statement on exchange rates from the United States, Japan, and South Korea this month, no possibilities can be ruled out.
Japan frets over relentless yen slide as BOJ keeps ultra-low rates: Japan is concerned about negative effects of the weak yen, finance minister Shunichi Suzuki ...
reuters.com/markets/currencies/japan-is-concerned-about-weak-yens-negative-effects-finmin-says-2024-04-26/
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: Overview: Tesla Stocks Plummet, Europe Business Surpasses Expectations
- World markets have brightened slightly this week, but Tesla is facing a critical earnings test, while Europe's business pulse has surprisingly been lively this month.
- Following the worst week on Wall Street since 2022, relief from easing Middle East tensions helped stabilize the situation on Monday. The chip giant Nvidia made a modest recovery from losses as Big Tech megacaps gear up for quarterly earnings releases.
- As the first of the 'Magnificent 7' Vanguard stocks, electric vehicle giant Tesla will report on Tuesday, having plummeted by a substantial 43% year-to-date and nearly 60% over the past two years amidst fierce price competition, declining EV demand, and governance/product concerns.
- While Big Tech jitters define this month's market fluctuations, investors will closely watch the upcoming results for a clearer perspective.
Watch: Huge fire breaks out at Russian oil facility: A huge fire has broken out at a Russian oil refinery following reports of overnight drone attacks.
bbc.com/news/av/world-europe-68888835
Japanese yen retreats after sudden surge: The Japanese yen slid on Friday, having briefly jumped against the dollar and other currencies ...
reuters.com/markets/currencies/yen-its-weakest-decades-boj-meets-2024-04-26/
Dollar suffers PMI hangover, Aussie jumps on inflation surprise: 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/
Yen hits fresh 34-year lows against dollar ahead of BOJ meeting: The yen hit fresh 34-year low versus the dollar and a 16-year low against the euro on Thursday ...
reuters.com/markets/currencies/markets-wary-intervention-yen-struggles-155-level-2024-04-25/
Morning Bid: Big Tech see-saw flips positive, yen swings wildly: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2024-04-26/
Fragile yen could make BOJ's Ueda tilt more towards hawkish stance: The yen's slide to fresh 34-year lows is likely to force Bank of Japan Governor Kazuo Ueda to ...
reut.rs/3Qia2wk
Japan's ANA enjoys record earnings on robust tourism growth - The Mainichi: TOKYO (Kyodo) -- ANA Holdings Inc. said Friday its net profit rose 75 ...
mainichi.jp/english/articles/20240426/p2g/00m/0bu/055000c
Europeans ‘less hard-working’ than Americans, says Norway oil fund boss: Tangen finds US investments more attractive due to weaker regulations and more ...
ft.com/content/58fe78bb-1077-4d32-b048-7d69f9d18809
President Joe Biden signed a hard-fought bill into law that provides billions of dollars of new US aid to Ukraine for its war with Russia ...
reut.rs/3wi2fYy
Quick Glance: Biden signs Comprehensive Military Aid Package for Ukraine, Israel, and Taiwan
- President Biden announces the signing of a substantial $95 billion military assistance package for Ukraine, Israel, and Taiwan, with a significant portion of the funds directed towards Ukraine.
- Despite initial resistance from Republicans in Congress, Biden has signed the aid package, highlighting the reinforcement of allies and ensuring prompt deliveries to Ukraine.
- The assistance for Ukraine includes weapons and military equipment valued at around $1 billion, encompassing artillery shells and air defense missiles.
- Military analysts do not foresee significant changes on the frontlines in eastern Ukraine, while the US support aims to aid Ukraine in operations in southern Ukraine, particularly focusing on Crimea and the Black Sea.
Japan may intervene to support yen any time, says senior ruling party official: Japanese authorities could intervene in the currency market any time as recent ...
reuters.com/markets/currencies/japan-may-intervene-support-yen-any-time-says-senior-ruling-party-official-2024-04-23/
JPMorgan warns of need for ‘reality check’ on phasing out fossil fuels: US bank says higher interest rates, inflation and global conflict have dented outlook for ...
ft.com/content/352b38a7-f298-4b54-adc2-f4cc1b17444b
Quick Glance: JPMorgan warns of Need for 'Reality Check' on Phasing out Fossil Fuels
- JPMorgan warns of setbacks in transitioning to renewable energy due to higher interest rates, inflation, and global conflicts.
- Investment in renewable energy currently offers subpar returns, potentially leading to social unrest.
- JPMorgan forecasts increasing demand for oil and gas until 2030, highlighting challenges in transitioning to renewable energy.
- Wood Mackenzie warns of the impact of higher interest rates on transitioning to a global net-zero economy, especially for renewables and nuclear power.
Nomura Q4 net profit jumps almost eight fold on retail income surge: Nomura Holdings , Japan's biggest brokerage and investment bank, reported on Friday a 670% ...
reuters.com/business/finance/nomura-q4-net-profit-jumps-almost-eight-fold-retail-income-surge-2024-04-26/
Ringgit soft as US$ remains elevated: KUALA LUMPUR: The ringgit extended its downward trend as the US dollar remained elevated while market players await the ...
thestar.com.my/business/business-news/2024/04/25/ringgit-soft-as-us-remains-elevated
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/
Iran oil exports hit 6-year high as west prepares sanctions: Surge in crude sales to China exposes limits of US and EU attempts to rein in Islamic republic
ft.com/content/00bb5653-e9aa-4af1-8f9e-705137947b32
Quick Glance: Iran's Oil Exports Thrive Amid Rising Tensions
- Iran is exporting more oil than in the past six years, providing the economy with a $35 billion annual boost, as western countries consider tightening sanctions in response to the attack on Israel.
- The US and the EU are preparing new sanctions on the Islamic republic to deter conflict escalation with Israel, facing challenges due to Iran's successful circumvention of sanctions, especially with China being its primary customer.
- Iran has found ways to bypass sanctions, shielded from western pressure as its main oil exports go to China. Tensions have escalated since the Hamas attack on Israel, driving oil prices up by over 15%, while US efforts to sanction individual tankers carrying Iranian oil have had minimal impact so far.
- Mounting Republican pressure urges the Biden administration to take tougher action on Iran's oil sales, with criticism over perceived leniency on existing measures. Despite US strategic oil reserves being released to stabilize prices, concerns remain over the administration's stance on enforcing sanctions similar to the previous Trump administration.
Africa Live: Muslim child allegedly lashed for attending church - BBC News: Seven members of a family in Uganda have been arrested for allegedly assaulting the ...
bbc.co.uk/news/live/world-africa-68652286
Quick Glance: Africa Live: Germany detains alleged Nigerian mafia members
- German police have arrested 11 Nigerian men suspected of being part of a mafia group involved in large-scale dating scams orchestrated by the Black Axe gang.
- Portugal's President Marcelo Rebelo de Sousa has stated that his country should take full responsibility for colonial-era abuses and consider paying reparations in certain cases.
- Authorities in Tanzania have shut down five hydroelectric stations to reduce excess electricity in the national grid, with the main plant generating enough power for major cities like Dar es Salaam.
- Negotiations between the Kenyan government and striking doctors have collapsed, prolonging the suffering of those seeking healthcare in public hospitals, as doctors demand better pay and the hiring of trainee doctors.
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/
Yen drops to 155 range, new 34-yr low against U.S. dollar - The Mainichi: NEW YORK (Kyodo) -- The yen weakened to the 155 range against the U.S ...
mainichi.jp/english/articles/20240424/p2g/00m/0bu/069000c
More than just a bowl of noodles, ramen in Japan is an experience and a tourist attraction - The Mainichi
mainichi.jp/english/articles/20240425/p2g/00m/0li/043000c
Peninsula gas station charges $7.09 per gallon for regular: A gas station on the Peninsula is giving drivers some extreme sticker shock.
nbcbayarea.com/news/local/peninsula/menlo-park-gas-station-prices/3519417/
Quick Glance: Menlo Park Gas Station Charges $7.09 Per Gallon for Regular
- A gas station on the Peninsula is causing extreme price shocks for drivers. The Chevron station in Menlo Park is charging $7.09 per gallon for regular, $7.45 for plus, and $7.69 for supreme. This is at least a dollar higher than neighboring stations and well above the California average of $5.42.
- According to AAA, gas stations set their own prices, and it depends on when they purchase their gas. If they buy their gas wholesale when oil prices are high, they need to sell it at that price to make a profit.
- AAA Northern California spokesperson John Treanor mentioned that gas prices have been elevated recently due to increased demand in spring, higher costs of the summer blend, and rising crude oil prices influenced by Middle East turmoil.
- AAA states that gas prices are expected to stabilize at this point.
Japan foreign tourists top 3m in March, fueling record spending boom: TOKYO -- The number of monthly visitors to Japan exceeded 3 million for the first time in ...
asia.nikkei.com/Business/Travel-Leisure/Japan-foreign-tourists-top-3m-in-March-fueling-record-spending-boom
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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
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Japan's March core inflation slows, weak yen complicates BOJ move: Japan's core inflation slowed in March and an index gauging broader price trends fell below 3% ...
reuters.com/markets/asia/japans-march-inflation-slows-26-eyes-boj-move-2024-04-18/
Billion-dollar package: US House of Representatives approves aid for Ukraine: Republicans in the US House of Representatives have been blocking further military ...
spiegel.de/ausland/us-repraesentantenhaus-gibt-hilfen-fuer-ukraine-frei-a-7f595f56-72de-4b59-8118-14d229da6db7
Japan March duty-free sales at department stores surge to record high - The Mainichi
mainichi.jp/english/articles/20240425/p2g/00m/0bu/045000c
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/
BBC Verify examines reported strikes on Russian oil depots: The reported strikes have been geolocated to the Smolensk region of western Russia.
bbc.com/news/av/world-europe-68893589
Next Halving: How high can Bitcoin rise?: The next “halving” is coming up for the cryptocurrency, which will reduce the supply of new Bitcoins ...
faz.net/aktuell/naechstes-halving-wie-hoch-kann-der-bitcoin-noch-steigen-19649731.html
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Quick Glance: Bitcoin 'Halving' Completed, CoinGecko Reports
- Bitcoin, the world's largest cryptocurrency, completed its 'halving' on Friday, a phenomenon that occurs roughly every four years according to CoinGecko.
- Following the 'halving', Bitcoin remained relatively stable, dropping by 0.47% to $63,747.
- The 'halving' was integrated into Bitcoin's code at its inception to reduce the rate of new Bitcoins being created.
- Experts are divided on whether the upcoming 'halving' will boost Bitcoin's price, with some viewing it as already factored in, while others remain skeptical.
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/
Japan's exports grew for fourth straight month in March: TOKYO -- Japan's exports grew in value terms for the fourth consecutive month in March ...
asia.nikkei.com/Economy/Trade/Japan-s-exports-grew-for-fourth-straight-month-in-March
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/
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
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Weak business figures: Tesla's quarterly profit falls by 55 percent: The US electric car manufacturer Tesla is struggling with falling sales figures ...
n-tv.de/wirtschaft/Teslas-Quartalsgewinn-faellt-um-55-Prozent-article24896184.html
BOJ Holds: The Bloomberg Open, Europe Edition: Good morning. The BOJ holds rates, sending the yen weaker. Big Tech saves the day after the close in New York ...
bloomberg.com/news/newsletters/2024-04-26/boj-holds-the-bloomberg-open-europe-edition
US restricts drilling and mining in Alaska wilderness, angering state leaders: The Biden administration on Friday took steps to limit both oil and gas drilling ...
reuters.com/world/us/us-restricts-drilling-mining-alaska-wilderness-angering-state-leaders-2024-04-19/
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
Fears about stagflation are mounting in the US. It’s every central banker’s worst nightmare
cnn.com/2024/04/25/economy/stagflation-us-economy-gdp/
Quick Glance: Rising Key Fed Inflation Measure in March
- In March, inflation remained strong, with an important indicator closely monitored by the Federal Reserve indicating elevated price pressures.
- The personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago in March, above expectations.
- Both the all-items PCE price gauge and the core index increased by 2.7%, higher than estimates, leading to a positive market reaction.
- Markets reacted mildly to the data, with Wall Street set to open higher, while Treasury yields fell and the probability of rate cuts increased slightly.
Five Things You Need to Know to Start Your Day: Asia: Good morning. Tensions simmer in the Middle East. US stocks fall below key threshold ...
bloomberg.com/news/newsletters/2024-04-15/five-things-you-need-to-know-to-start-your-day-asia
Facebook parent Meta relies fully on artificial intelligence: Facebook's mother Meta makes a lot of money from advertising. In the future, particular emphasis ...
tagesschau.de/wirtschaft/facebook-meta-ausblick-100.html
Quick Glance: Meta Invests Heavily in Artificial Intelligence
- Meta focuses on AI to enhance app appeal
- The smart glasses with AI capabilities aim to attract users
- Meta envisions AI assistants for complex tasks in communication
- Meta aims to become a global leader in AI, despite significant investments
Granting waivers on Iranian oil only emboldens the ayatollahs: The only way to reach any agreement with Tehran to constrain the activities of its clients is by ...
thehill.com/opinion/national-security/4622953-granting-waivers-on-iranian-oil-only-emboldens-the-ayatollahs/
Ex-publisher Pecker on the stand: The man who knows Trump's most intimate secrets
spiegel.de/ausland/donald-trump-und-die-affaeren-ex-verleger-david-pecker-packt-vor-gericht-aus-a-50d920a5-abf4-4a65-b9b5-5df8cac1f36e
Quick Glance: Trial Judge Evaluates Trump's Compliance with Gag Order
- Former President Trump is on trial in New York for hush money issues. David Pecker from 'National Enquirer' testified about an agreement to manipulate stories about Trump and his rivals.
- Concerns arose about Trump's violation of the gag order by criticizing court members. Mary McCord explained how the administration of justice can be disrupted by defendants' statements, leading to legal restrictions.
- Despite reluctance to detain a former president, fines may be imposed for attacks on witnesses and judicial families. Threats to security and witness testimonies pose serious challenges to the trial's integrity.
- Judges emphasize the importance of upholding justice by addressing threats and ensuring the safety of those involved in legal proceedings. The credibility of the trial hinges on maintaining a fair and secure environment.
US Senate also approves billions in aid for Ukraine: After months of delay, the US Senate has now also waved through the billion-euro aid package for Ukraine ...
tagesschau.de/ausland/amerika/us-senat-ukraine-hilfe-104.html
Biden administration restricts oil and gas leasing in Alaska: The U.S. oil industry’s top lobbying group says Biden administration rules restricting oil and gas ...
apnews.com/article/alaska-drilling-petroleum-reserve-biden-1dd8c07d2ed6e902ee6ac6298e2eaade
Quick Glance: Restrictions on Oil and Gas Leasing in Alaska under Biden Administration
- The Biden administration announced restrictions on new oil and gas leasing on 5.3 million hectares of a federal petroleum reserve in Alaska to protect wildlife from the impacts of climate change.
- The decision finalizes proposed protections that drew backlash from environmentalists last year for violating Biden's climate change pledge.
- The limitation on new leasing faced opposition from Republican lawmakers who criticized the decisions as undermining national security interests.
- Environmentalists praised the decision, while the oil industry labeled it as misguided and raised concerns about future developments in the reserve.
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
Aussie, NZ dollars tumble on risk-off moves; yen rises: A wave of risk aversion swept over markets on Friday and sent the Australian and New Zealand dollars ...
reuters.com/markets/currencies/surging-dollar-set-weekly-gain-us-data-fed-push-back-rate-cuts-2024-04-19/
Quality problems and sales decline: The disenchantment of Elon Musk and Tesla: Elon Musk is currently toppling his own monument. He is cutting at least 14 ...
kleinezeitung.at/wirtschaft/18379748/die-entzauberung-von-elon-musk-und-tesla
60 billion dollars for Kiev: This is what the big Ukraine liberation strike from the USA looks like
n-tv.de/politik/So-sieht-der-grosse-Ukraine-Befreiungsschlag-aus-den-USA-aus-article24882269.html
Japan's Golden Week holidays begin amid post-COVID tourism boom, weak yen: TOKYO (Kyodo) -- Japan's Golden Week holidays started Saturday ...
asia.nikkei.com/Business/Travel-Leisure/Japan-s-Golden-Week-holidays-begin-amid-post-COVID-tourism-boom-weak-yen
Air fryer vs oven vs deep-fat fryer: can cooking chips in air ever beat oil?: In a hands-on test, Which? video reporter Harry Kind compares an air fryer ...
which.co.uk/news/article/air-fryer-vs-oven-vs-deep-fat-fryer-anTSs0u7zMwO
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
Military Spending: The Unprecedented Armament of the Entire World: The Ukraine war and other conflicts are driving global military spending to a record $2 ...
welt.de/wirtschaft/article251135854/Militaerausgaben-Die-beispiellose-Aufruestung-der-gesamten-Welt.html
Wendy’s releases Pretzel Roast Beef Burger aimed at foreign tourists in Japan: Wendy’s has released a limited-edition burger with a Western bent in Japan ...
japantoday.com/category/features/food/wendy%E28099s-releases-a-pretzel-roast-beef-burger-aimed-at-foreign-tourists-in-japan
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/
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/
Weekly Market Pulse: Are Higher Interest Rates Good For The Economy?: The rise in rates last week pushed the 10-year to its highest level since the peak at 5% in ...
seekingalpha.com/article/4684020-weekly-market-pulse-are-higher-interest-rates-good-for-the-economy
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Beyond red and black: Survey finds Japan school backpack color trends changing - The Mainichi
mainichi.jp/english/articles/20240419/p2a/00m/0bu/013000c
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
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/
Naira gains at official market amidst depleting reserve: Market data published on the FMDQ website on Wednesday indicated that the naira closed at N1,072 ...
premiumtimesng.com/news/top-news/687032-naira-gains-at-official-market-amidst-depleting-reserve.html
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
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/
More Economists See BOJ Rate Hike in October, Flag July Risk: An increasing number of economists expects the Bank of Japan to raise interest rates again in ...
bloomberg.com/news/articles/2024-04-18/more-economists-see-boj-rate-hike-in-october-flag-july-risk
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‘Lovely girl – send anywhere’ – Princess Diana’s first-ever job contract up for auction
cnn.com/2024/04/24/style/princess-dianas-job-contract-gbr-scli-intl/
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