Recently, Japan’s central bank made the decision to raise its benchmark interest rate to “around 0.25%” from its previous range of 0% to 0.1%. This move signifies the Bank of Japan’s highest interest rates since 2008. Additionally, the central bank outlined a plan to taper its bond buying program. The Bank of Japan expressed its
World
The United Arab Emirates has solidified its position as the top destination for wealthy expatriates, according to the Henley Private Wealth Migration Report. The UAE is expected to welcome a record net inflow of 6,700 millionaires by the end of 2024, surpassing countries such as the U.S. and attracting individuals from various regions like India,
The Asia-Pacific markets saw an upward trend on Monday, with Japan’s Nikkei 225 leading gains in the region following a key U.S. inflation report released late last Friday. The report indicated that the U.S. June personal consumption expenditures price index rose 0.1% month on month and 2.5% year on year, in line with economist estimates.
The United States has recently announced a major revamp of its military command structure in Japan, aiming to strengthen defense ties between the two nations amidst growing regional threats from China and North Korea. This overhaul comes as part of a broader effort to enhance coordination and cooperation between the U.S. and Japan to address
Bank of America recently increased its price target for Apple, citing optimism regarding the upcoming iPhone cycle and strong brand loyalty among users. While it is true that Apple has been performing well before quarterly results, it is important to note that the tech giant faces tough competition in the market, particularly from other smartphone
The latest report from Canalys reveals a significant shift in the smartphone market in China, with Apple being edged out of the top five smartphone vendors list in the second quarter. The intense competition from domestic brands such as Huawei has led to a decline in Apple’s market share, which shrank to 14% in the
The recent plunge of Japan’s Nikkei 225 index by 3% has sparked concerns among investors worldwide. This six-day losing streak has raised questions about the stability of Asian markets in the face of global economic turmoil. Leading the losses in the region, Nikkei heavyweight SoftBank Group nosedived 9%, while Renesas Electronics saw a decline of
Britain’s King Charles III is now set to receive a significant pay raise of £45 million after profits at The Crown Estate more than doubled, reaching an impressive £1.1 billion in the 2023-24 financial year. These profits, which experienced a 148% increase, have resulted in the Sovereign Grant, which funds the official duties of the
Wiz has decided to walk away from a lucrative $23 billion acquisition deal with Google in order to pursue its initial plan of going public. This decision was communicated to the company’s employees through a memo from co-founder Assaf Rappaport, who stated that it was a tough choice to turn down such a tempting offer.
The unexpected rate cut by China’s central bank has sent shockwaves through the Asia-Pacific markets. The move to lower the short-term 7-day reverse repurchase rate, as well as the one-year and five-year loan prime rates, caught economists off guard as they were not anticipating any changes. This decision has raised concerns about the state of