By Tom Westbrook and Samuel Shen SINGAPORE (Reuters) – Asia and even China are shaping up as surprisingly resilient investment markets as Donald Trump returns to the White House, with fund managers optimistic the region can withstand tariffs better than Europe. Investors say Asia’s exporters and supply chains have been able to better weather trade tensions, that China is ready to bolster its domestic demand and that India’s rapid growth is attractive. Equity desks in the region’s financial centres reported little panic as voters ushered Trump back into office on a platform of tax cuts and protectionism – a contrast…
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Sony’s PlayStation 5.Thiago Prudencio | Lightrocket | Getty ImagesSony raised sales guidance for the full year Thursday and posted operating profit that smashed analyst expectations after a strong quarter for its gaming business.Here’s how the company did in the September quarter, versus LSEG consensus estimates:Revenue: 2.97 trillion Japanese yen ($19.4 billion), versus 3.03 trillion yen expected. That was up 9% and slightly below analyst expectations.Operating profit: 445.1 billion yen ($2.91 billion), versus 336.07 billion yen expected. That’s up 69% year-over-year and beats expectations.The Japanese tech giant revised its fiscal year 2025 revenue target up slightly to 12.7 trillion yen. It previously…
Image source: Getty Images I have a predicament at the moment. My goal is to build a £10,000 annual return for long-term, sustainable passive income but am lacking spare cash to invest. That got me thinking about setting aside a tenner each day for investing. By investing that money into a portfolio of FTSE 100 dividend shares, just how much could I theoretically generate for my retirement plans in a few decades? Being patient Let’s keep my £10 a day plan simple and stick to weekdays. That would give me £50 per week to play with. I will also assume…
By Kevin Buckland TOKYO (Reuters) -Asian stocks pared early gains on Friday as investors cautiously turned their focus to stimulus announcements from China later in the day with Beijing’s week-long legislative meeting drawing to a close. Regional equities had started the day by tracking Wall Street’s overnight rise to record highs, with investors digesting the Federal Reserve’s message for careful interest rate cuts even with expectations for big fiscal spending under incoming President Donald Trump. U.S. Treasury yields pushed to new lows in Asian hours, keeping the dollar under pressure after its biggest decline versus major peers in more than…
On November 5, 2024, SEBI issued a circular titled, Disclosure of expenses, half-yearly returns, yield and risk-o-meter of schemes of Mutual Funds, outlining three changes to the half-yearly disclosures made by Asset Management Companies (AMCs) under its jurisdiction. SEBI RIA Abhishek Kumar explains the changes.About the author: Abhishek is part of a freefincal’s curated list of fee-only financial advisors and a fee-only India member. He can be contacted via his website, sahajmoney.com.His journey has been published earlier: Fee-only Advisor Abhishek Kumar’s tap dancing to financial freedom.Sunlight is the best disinfectant. – Justice Louis Brandeis.Securities regulators worldwide aim to make securities markets efficient, where asset prices reflect…
Amazon is considering increasing its investment in OpenAI rival Anthropic. According to The Information, Amazon is in talks to invest multiple billions in Anthropic, its first financial pledge in the company since a $4 billion deal struck last year. The new investment is structured similar to the last one — but with a twist. Amazon wants Anthropic to use Amazon-developed silicon hosted on Amazon Web Services to train its AI. Anthropic prefers Nvidia chips. But the money may be too good to pass up. Around the start of the year, Anthropic reportedly projected it would burn through over $2.7 billion…
(Reuters) – Japanese investors aggressively divested their foreign asset holdings in the week to Nov. 2 on caution ahead of the U.S. presidential election, while the recent downtrend in the yen also prompted them to lock in profits. According to Ministry of Finance data, Japanese investors withdrew … Source link
By John O’Donnell, Tom Sims and Christoph Steitz FRANKFURT/BERLIN (Reuters) – A political crisis at home threatens further pain for Germany’s car, banking and energy industries, as they grapple with an increasingly hostile world following the election of Donald Trump and trade tensions with China. Germany is bracing for months of uncertainty after its governing three-party coalition crumbled following a series of disputes, most recently on how to jump-start its flagging economy, Europe’s biggest. Its second-largest lender, Commerzbank (ETR:), had been looking to Berlin to shield it from an unwanted takeover by an Italian rival, while industry was hoping for…
(Reuters) – Icahn Enterprises LP (IEP) plans to raise its stake in U.S. oil refiner CVR Energy by more than 20%, the Wall Street Journal reported on Thursday. The company, a controlling shareholder of the oil refiner, plans to raise its stake in CVR to more than 81% by buying an additional 15 million shares, the report said, citing draft statements that billionaire activist investor Carl Icahn and his firm plan to release on Friday. The new offer will benefit stockholders from cashing out at a premium, WSJ reported, quoting Icahn from the draft statement. To fund this and other…
(Reuters) – This year’s U.N. climate conference in Baku, Azerbaijan, marks the world’s 29th leadership gathering to confront global warming since the first “Conference of the Parties” in 1995. Here are some of the most significant moments in the history of climate talks: 1800s – For about 6,000 years before the industrial era, global levels of atmospheric carbon dioxide (CO2) remained around 280 parts per million (“ppm”). Several European scientists begin studying how different gases trap heat, and in the 1890s Svante Arrhenius of Sweden calculates the temperature effect from doubling atmospheric CO2 levels, demonstrating how burning fossil fuels…