The credit fundamentals of Japanese life insurers will remain strong for the financial year ending March 2025 (FYE25), forecasted Fitch Ratings. The agency expects insurers’ capital adequacy to stay adequate for their ratings, supported by consistent accumulation of core capital.…
Japan is not seeking a strong yen but rather aiming for a relatively stable currency, according to veteran investor David Roche. The Japanese yen has been on a roller coaster ride, with the currency breaking past 160 against the greenback…
Japan stocks led declines in Asia-Pacific markets on Wednesday, as investors parsed through earnings from the region, including reports from Japanese giants Toyota Motor and Mitsubishi. Japan’s Nikkei 225 dropped 1.63% to end at 38,202.37, while the broad-based Topix closed…
Oil futures climbed on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect of a Gaza ceasefire deal appeared slim, renewing fears the Israel-Hamas conflict could still widen in the key oil-producing region. Brent…
Singapore on Tuesday sentenced the first person to plead guilty in the Southeast Asia island-state’s biggest money laundering scandal to a 13-month imprisonment. Cambodian national Su Wenqiang had faced 11 charges relating to forgery and laundering criminal proceeds. Public prosecutors…
Indians head to the polls on Friday in what will be the world’s largest democratic election, as close to one billion voters pick their next government and decide whether to hand Prime Minister Narendra Modi a third term in office.…
The Vietnamese property tycoon Truong My Lan was sentenced to death on Thursday for her involvement in the country’s biggest financial fraud case, state media outlet Thanh Nien reported. Lan was found guilty of embezzlement, bribery and violating banking rules…
India will hold the world’s largest general elections starting April this year with nearly a billion voters set to exercise their franchise. The seven-stage election process will start from April 19 and last till June 1, 2024, according to the…
Speculation is swirling that the Bank of Japan may move to exit the world’s last negative rate policy as early as next week, when policymakers gather for their March meeting. The rally in Japanese equities has grounded to a halt,…
Japan averted a technical recession as revised official data on Monday showed the economy returned to growth in the October-December period last year, bolstered by strong capital expenditure. The upward revisions though were weaker than estimated, with private consumption remaining…
Ontario Power Generation (OPG) will refurbish four units at the Pickering Nuclear Generating Station, Canada’s first major commercial generation plant— marking a major turnaround for the 3.1-GW plant slated to close by 2025. Officials from Ontario’s government and OPG on Jan. 30…
The Nuclear Regulatory Commission (NRC) has granted Global Nuclear Fuel—Americas (GNF) the regulatory body’s first-ever authorization to produce nuclear fuel with uranium-235 (U-235) enrichments up to 8% for commercial power generation. GNF, GE Vernova’s nuclear fuel arm, on Feb. 15…
National Economic Council Director Lael Brainard on Tuesday blamed higher consumer prices on “shrinkflation,” doubling down on the latest battlefront of President Joe Biden’s corporate pressure campaign. “If you look at some of the staples, like eggs or milk, they…
Ukrainian President Volodymyr Zelenskyy is thought to have taken one of his “biggest gambles” yet by replacing his top commander in a dramatic military shake-up. Col. Gen. Oleksandr Syrskyi, one of Ukraine’s most experienced commanders who had led the country’s…