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JGBs firm on trade talk concerns, BOJ's steady buying

Japanese government bonds firmed on Monday as investors turned cautious about the outcome of Sino-U.S. trade talks after a report that Chinese officials signalled they were increasingly reluctant to agree to a broad deal with the United States. The Bank of Japan did not reduce the amount of its JGB purchase in its operation on Monday, in which it bought 1-3, 3-5, 10-25 and 25-40 year bonds. Some market players had speculated the central bank could reduce the size of its buying in long-dated bonds as BOJ Governor Haruhiko Kuroda has made it clear since last month that …read more […]

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Brooklyn Nets owner, Alibaba co-founder Tsai decries Houston Rockets GM's Hong Kong tweet

In an open letter to “NBA fans” posted on his personal Facebook page, Tsai wrote that he felt the need to speak about the issue as someone who had spent his professional life in China. “Supporting a separatist movement in a Chinese territory is one of those third-rail issues, not only for the Chinese government, but also for citizens of China,” he wrote. …read more […]

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SoftBank’s Son Is ‘Embarrassed’ By Record, Impatient to Improve

(Bloomberg) — SoftBank Group Corp.’s Masayoshi Son says he is unhappy with how far short his accomplishments to date have fallen of his goals.“The results still have a long way to go and that makes me embarrassed and impatient,” Son said in an interview with Nikkei Business. “I used to envy the scale of the markets in the U.S. and China, but now you see red-hot growth companies coming out of small markets like in Southeast Asia. There is just no excuse for entrepreneurs in Japan, myself included.”Son built a $13.8 billion personal fortune by transforming SoftBank into a global …read more […]

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GLOBAL MARKETS-Asian shares cheered by U.S. jobs data but traders fear trade talks

Asian shares edged higher on Monday after data showed the U.S. unemployment rate dropped to the lowest in almost 50 years, easing concerns of a slowdown in the world’s largest economy. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.16%. Japan’s Nikkei stock index opened higher but reversed course and fell 0.2%. …read more […]

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Yes Bank in talks with Microsoft, other tech firms to sell up to 15% stake – Mint

Indian private sector lender Yes Bank is in talks with Microsoft Corp and two other technology companies as it looks to bring in a strategic shareholder as part of a strategy to rake in fresh capital, the Mint newspaper reported on Sunday. The talks began three weeks ago and could see the bank selling as much as 15% through a fresh equity issue, the newspaper reported https://bit.ly/2Mi7vk6, citing two people aware of the discussions. The bank’s chief executive officer, Ravneet Gill, had said last week that the lender was in talks with private equity firms, strategic …read more […]

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Boston Federal Reserve President Eric Rosengren on interest rates and jobs

In a wide-ranging interview, Boston Fed President Eric Rosengren discussed the Fed’s interest rate policy, divisions among members of the FOMC and his expectations for the U.S. economy. Rosengren spoke with Yahoo Finance reporter Brian Cheung in Boston during the bank’s economic research conference, “A House Divided: Geographic Disparities in Twenty-First Century America.” …read more […]

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Amazon, Walmart Find Success in Rural India During Sales Season

(Bloomberg) — Amazon.com Inc. and rival Walmart Inc. reported record revenue for their six-day India sales festivals as e-commerce catches on with buyers and sellers in smaller Indian towns, moving beyond the country’s urban, English-speaking population.The American competitors have been dueling in India since Walmart cut a $16 billion deal for control of local pioneer Flipkart Online Services Pvt last year. Their latest sales — which Amazon calls the Great Indian Festival and Flipkart calls Big Billion Days — are a high-stakes battle that ran on the same days and concluded over the weekend.Both focused on expanding their online commerce …read more […]

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GLOBAL MARKETS-Asian shares up on U.S. jobs report, but caution seen on trade talks

Asian shares edged higher on Monday after data showed the U.S. unemployment rate dropped to the lowest in almost 50 years, easing concerns of a slowdown in the world’s largest economy. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.18%. Japan’s Nikkei stock index opened higher but reversed course and fell 0.3%. …read more […]

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Today in History for October 7th

Highlights of this day in history: U.S. and Britain strike Afghanistan; Achille Lauro hijacked; Supreme Court pick Clarence Thomas faces damaging claims; Matthew Shepard beaten to death; Singer John Mellencamp born; ‘Cats’ hits Broadway. (Oct. 7) …read more […]

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Asian shares mixed on US jobs, eyes on China trade talks

Asian shares were mixed Monday, following a healthy report on U.S. jobs, while investors cautiously awaited the upcoming trade talks between the U.S. and China. Japan’s benchmark Nikkei 225 lost early gains to be down 0.2% in morning trading at 21,358.56. Markets in China were closed for a holiday. …read more […]

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Some $71 billion of Japanese coal assets at risk from cheaper renewables

As much as $71 billion of Japanese coal assets could be at risk as the economic viability of plants is undermined by cheaper renewable energy, research by the University of Tokyo, Carbon Tracker and the Carbon Disclosure Project showed on Sunday. The report, called Land of the Rising Sun and Offshore Wind, used project financial models to analyse the economics of new and existing coal plants in Japan. It found that Japan’s planned and existing coal capacity could be jeopardised by low utilisation rates and cheaper renewable energy, namely onshore and offshore wind and large-scale solar photovoltaics (PV). …read more […]