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Asian shares advance, yen slips after AI stocks push higher on Wall Street
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Thursday, October 9
by
SRN News
HSBC shares slide 6% from peaks on Hang Seng buyout move
(Reuters) -HSBC shares fell 6% in London from near record levels after the British bank announced plans to buy out minorities in its majority-held Hang Seng Bank subsidiary in a deal worth around $13.6 billion. “While strategic rationale is compelling, and this seems a sensible ...
Thursday, October 9
by
SRN News
One Tech Tip: Annoyed by junk calls to your iPhone? Try the new iOS 26 call screen feature
LONDON (AP) — iPhone users have a new tool to combat the scourge of nuisance phone calls: a virtual gatekeeper that can screen incoming calls from unknown numbers. It’s among the bevy of new features that Apple rolled out with last month’s release of ...
Thursday, October 9
by
SRN News
Uniqlo operator Fast Retailing posts 13% jump in annual profit, beats forecasts
TOKYO (Reuters) -Japan’s Fast Retailing, owner of global clothing brand Uniqlo, booked its fourth consecutive year of record profit on Thursday, as it withstood headwinds from U.S. tariffs. Operating profit was 564.3 billion yen ($3.69 billion) in the 12 months through August, up about 13% ...
Thursday, October 9
by
SRN News
JPMorgan CEO Dimon warns of US stock market correction risk, BBC reports
(Reuters) -JPMorgan Chase CEO Jamie Dimon warned of a heightened risk of a significant correction in the U.S. stock market within the next six months to two years, the BBC reported. “I am far more worried about that than others,” Dimon said, adding there were ...
Thursday, October 9
by
SRN News
Analysis-Takaichi’s jab at BOJ independence may face political reality check
By Leika Kihara TOKYO (Reuters) -A pledge by Japan’s next likely prime minister to reassert government sway over the central bank has fanned worries about political interference in monetary policy, however, a weak yen and politics could limit any such push. Sanae Takaichi is set to ...
Thursday, October 9
by
SRN News
Japanese banks well placed to join Nikkei’s Takaichi euphoria, say analysts
By Anton Bridge TOKYO (Reuters) -The “Takaichi trade” that propelled Japanese stocks to record highs this week passed by the banking sector, which heavily underperformed the market as investors, bracing for Sanae Takaichi as the nation’s new leader, repriced their exposure. But not for long, some ...
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Wednesday, October 8
by
SRN News
Gold takes a breather after safe-haven demand fuels record run
By Ishaan Arora (Reuters) -Gold took a breather from a record run on Thursday, as investors booked profits a day after bullion breached the key $4,000-per-ounce level for the first time ever on economic and geopolitical uncertainties and hopes of further U.S. rate cuts this ...
Wednesday, October 8
by
SRN News
ANZ names three new senior executives to bolster retail, risk and tech units
(Reuters) -Australian lender ANZ announced three senior leadership appointments to its Group Executive Committee on Thursday, as part of efforts to strengthen its retail, risk management, and technology operations. Pedro Rodeia will join as group executive for Australia Retail, Christine Palmer as group chief risk ...
Wednesday, October 8
by
SRN News
China tightens rare earth export controls, targets defence, semiconductor users
BEIJING (Reuters) -China tightened its rare earth export controls on Thursday, expanding restrictions on processing technology, barring unauthorised overseas cooperation and spelling out its intention to limit exports to overseas defence and semiconductor users. The announcement from the Ministry of Commerce clarifies and expands sweeping ...
Wednesday, October 8
by
SRN News
Dollar set for best week in a year as yen struggles
By Rae Wee SINGAPORE (Reuters) -The dollar held steady on Thursday, on track for its best week in nearly a year, buoyed by a weak yen that has struggled on the back of a change of guard in Japan’s ruling party. Markets this week have grappled ...
Wednesday, October 8
by
SRN News
Asia stocks swept up in AI euphoria, oil slips on Gaza ceasefire deal
By Wayne Cole SYDNEY (Reuters) -Asian stock markets resumed their ascent on Thursday as investors doubled down on all things AI-related, while gold held atop $4,000 and the dollar retained its recent hefty gains. Oil prices dipped as geopolitical tensions eased a little on news that ...
Wednesday, October 8
by
SRN News
Adviser to Takaichi’s policy circle says weak yen is good for economy
By Makiko Yamazaki and Kentaro Sugiyama TOKYO (Reuters) -The yen’s current weakness benefits the economy and the hit to households from rising import costs can be offset by aggressive fiscal spending, said Takuji Aida, an economist advising the policy circle of Japan’s likely new premier ...
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