TOKYO (Reuters) – Finance Minister Shunichi Suzuki said on Tuesday that Japanese retail giant Seven & i Holdings’ new status as a company “core” to national security would not raise additional hurdles to a potential buyout. Seven & i, the owner of 7-Eleven convenience stores which recently rejected a $38.5 billion buyout offer from Canada’s Alimentation Couche-Tard, was among 88 companies newly added to the list last week. When a company is categorised as core, foreign entities seeking to buy a stake of 1% or more in a Japanese firm must in principle file for a national security review with…
Author: user
If you’re a fan of sports cars and want something powerful without going over $50,000, there’s good news. You can get some pretty incredible machines, even with naturally aspirated engines. Naturally aspirated engines don’t use turbochargers or superchargers to boost power, which means they often provide a more responsive and linear driving experience, not to mention the satisfying sound they make. For enthusiasts, these engines offer a more traditional, pure driving experience. One of the top picks is the 2011 Mercedes-Benz SL63 AMG. This car, once a high-end luxury performance vehicle, is now available for around $21,277 according to Kelley…
John Cena is known for his wrestling career and acting, but his car collection is equally impressive. One of the most interesting cars he’s owned is the 2015 Ultima Evolution Coupe. While Cena’s connection to this vehicle grabs attention, it’s the car itself that stands out as a true marvel of engineering. The Ultima Evolution Coupe isn’t just another sports car – it’s a supercar with a jaw-dropping performance that enthusiasts dream of driving. Interestingly, Cena’s ownership is almost a minor detail compared to what this car is capable of. 2015 Ultima Evolution Coupe (Via Ultima) This 2015 Ultima Evolution…
AGF Management Ltd. increased its stake in shares of Vertiv Holdings Co (NYSE:VRT – Free Report) by 9.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 288,965 shares of the company’s stock after acquiring an additional 25,854 shares during the quarter. AGF Management Ltd.’s holdings in Vertiv were worth $25,016,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors have also recently modified their holdings of VRT. Norges Bank bought a new position in Vertiv during the fourth…
No bond for Tice man accused of kidnaping and sexual assault GET IT ON G E T I T O N Source link
Japanese Finance Minister Shunichi Suzuki said on Tuesday that the rapid foreign exchange (FX) move is undesirable and the officials will monitor the effect of FX on the Japanese economy and livelihoods. Key quotes Forex fluctuations have both positive and negative impacts on the Japanese economy. Will respond appropriately after analyzing the impact of Forex moves.Rapid FX moves are undesirable. Important for currencies to move in a stable manner, reflecting fundamentals. Government will continue to analyse the impact of the strengthening Yen on the economy and respond appropriately. The stronger Yen could affect the economy both positively and negatively through various channels, such as…
imaginima/iStock via Getty Images As utilities race to meet a surge in demand from power-hungry AI data centers, manufacturing facilities and electric vehicles, energy companies in the U.S. are planning new gas-fired power generation at the fastest pace in years, pointing to the staying power of natural gas as a source of electricity and that fossil fuels likely will have a longer runway than previously thought, Bloomberg reported Monday in a new analysis. “A few years ago, there was the expectation that solar and wind would be able to solve our additional generation needs,” William Blair head of energy and…
By Katie Paul NEW YORK (Reuters) -Facebook owner Meta said on Monday it was banning RT, Rossiya Segodnya and other Russian state media networks from its platforms, claiming the outlets had used deceptive tactics to carry out covert influence operations online. The ban marks a sharp escalation in actions by the world’s biggest social media company against Russian state media, after it spent years taking more limited steps such as blocking the outlets from running ads and reducing the reach of their posts. “After careful consideration, we expanded our ongoing enforcement against Russian state media outlets. Rossiya Segodnya, RT and…
Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on November 01, 2023 at the Federal Reserve in Washington, DC. The Federal Reserve left interest rates unchanged at a range of 5.25 percent to 5.50 percent, keeping rates the highest they have been in 23 years.Kevin Dietsch/Getty ImagesIdeally the Fed will cut rates by a half-point without triggering growth worries, Morgan Stanley says.CIO Mike Wilson noted that the bond market is acting like the Fed is behind the curve.He said defensive and quality stocks are worth owning after the rate cut…
Rapid yen appreciation in this year’s third quarter attracted policy attention when it triggered a brief-but-disruptive volatility surge across major asset markets. The precise contagion emerged quickly. The unwinding of yen carry-trades estimated in the order of several hundred billion dollars ignited a vicious cycle of forced liquidations. As currency gains lifted the repayment costs of yen loans funding non-yen investments, attempts to sell non-yen assets in haste to repay yen debt exacerbated both the yen rally and the local currency assets rout. Even though market sentiment eventually rebounded and volatility fell, the existence of substantial fair-weather carry-trades — made possible by institutional foreign…