Our Service area
Learn something more from our blog
November 21, 2024
Japan plans $141 billion in fiscal spending as part of new stimulus package, reports NHK
Japan’s government is planning a new stimulus package worth 21.9 trillion yen ($141 billion) in fiscal spending, which is expected to be approved this week, according to public broadcaster NHK on Thursday. The total package, including private sector contributions, amounts to 39 trillion yen, with 13.9 trillion yen allocated from
November 21, 2024
House hold debt and uncertainty surrounding Trump are identified as the biggest risks to the financial system
Seoul, Nov 21 (IANS) High household debt and anticipated policy shifts under Donald Trump’s administration are among the key systemic risks to South Korea’s financial system, according to a central bank poll released Thursday. The survey, conducted by the Bank of Korea among 78 financial and economic experts, revealed that
November 20, 2024
STMicroelectronics lowers 2025-2027 targets, shares decline.
STMicroelectronics shares dropped on Wednesday following the announcement of a delay in its long-term financial goals. The semiconductor giant extended its target of reaching $20 billion in revenue with a gross margin of around 50% to 2030, revising its earlier timeline of 2025-2027. To address market uncertainties, the company introduced
November 20, 2024
UBS anticipates the dollar stabilizing at higher levels
Some of the post-election gains in the US dollar have already been partially reversed, and UBS expects the currency to consolidate at current levels rather than push higher in the near term. As of 06:15 ET (11:15 GMT), the Dollar Index, which measures the greenback against six major currencies, was
On Wednesday, Japan’s ruling coalition reached an agreement with a key opposition party on the draft of an economic stimulus package, overcoming a significant hurdle for the $87 billion plan aimed at alleviating the impact of rising prices on households. The agreement, made between the Liberal Democratic Party (LDP), its
November 20, 2024
Asian markets remain cautious ahead of Nvidia earnings, as the dollar holds near a one-week low
Asian shares traded cautiously on Wednesday as investors awaited Nvidia’s highly anticipated third-quarter earnings, with significant risks of potential disappointment. The dollar, meanwhile, steadied after three consecutive sessions of losses. Nvidia, the world’s most valuable chipmaker, is set to report results after the market close. Its shares surged 4.9% on
A Preview of the Day in European and Global Markets by Stella Asian trading remained muted as investors eagerly awaited the earnings report from Nvidia, the AI powerhouse and the world’s most valuable company with a staggering market cap of $3.6 trillion. With Nvidia shares already climbing 5% overnight, expectations
November 20, 2024
Gold prices continue to rise amid ongoing Russia-Ukraine tensions.
Gold prices edged higher on Wednesday, supported by increased safe-haven demand driven by escalating Russia-Ukraine tensions. However, gains were capped by a firm dollar. The yellow metal recovered from recent two-month lows earlier in the week, aided by slight dollar weakness. Yet, the greenback stabilized on Wednesday, curbing gold’s momentum.
November 19, 2024
Seven & i Founding Family Reportedly Seeks$52 Billion for Buyout This Year, NHK Reports
The founding Ito family of Japanese retailer Seven & is reportedly seeking to raise over 8 trillion yen ($52 billion) to take the company private by the end of this fiscal year, according to NHK. To achieve this, the family has created a special purpose company and is negotiating with
Shares of Super Micro Computer Inc. surged 36% to $29.30 by 18:32 ET (23:32 GMT) on Monday evening after the company appointed BDO USA as its new auditor. Additionally, Super Micro announced it had submitted a plan to request more time to meet listing requirements. The server manufacturer expressed confidence
