AFP
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Author's articles
US Fed expected to cut again, despite uncertain path ahead
The US Federal Reserve is widely expected to cut interest rates by a quarter point on Wednesday and signal a slower pace of cuts ahead, brushing off uncertainty about inflation's downward path and the possible impact of some of President-elect Donald Trump's economic proposals.
Shares in Japan chipmaker Kioxia rally on Tokyo debut
Shares in Japanese chipmaker Kioxia rallied more than seven percent on their debut in Tokyo on Wednesday after an initial public offering that valued the firm at more than $5 billion. The firm set its listing price at 1,455 yen per share, valuing the firm at 784 billion yen ($5.2 billion) and raising about 120 billion yen -- making it Japan's second biggest IPO this year.
True blue tradition: how Japan's coveted jeans are made
Call it an antidote to fast fashion: Japanese jeans hand-dyed with natural indigo and weaved on a clackety vintage loom, then sold at a premium to global denim connoisseurs. The market for Japanese jeans "has grown in the last 10 to 15 years", said Michael Pendlebury, a tailor operating a repair shop in Britain called The Denim Doctor.
Asian markets diverge ahead of Fed news, Nissan soars on merger reports
Asian markets swung Wednesday ahead of the Federal Reserve's much-anticipated policy announcement, while shares in Japanese car titan Nissan soared more than 20 percent after reports said it was in merger talks with rival Honda.
'Everybody wants to be my friend': Trump feels the love
A shock outsider when he was first elected president eight years ago -- and a pariah when he left office -- Donald Trump appears to be the most popular person in America as far as the rich and powerful are concerned.
Japan's Honda and Nissan in preliminary merger talks: reports
Japanese auto giants Honda and Nissan are in preliminary merger talks, media reports said Wednesday. A Honda spokesman said Wednesday that a potential merger was already among the possibilities being discussed.
AI startup Databricks raises $10 bn as value soars
Young startup Databricks, which specializes in scaling and building artificial intelligence, said Tuesday it raised $10 billion, bringing the company's valuation to $62 billion. In addition to financing the company's growth, the fundraising round will enable Databricks employees to sell some of the equity they have earned in the startup. gc-tu/nro
Japan's Honda and Nissan to begin merger talks: report
Japanese auto giants Honda Motor and Nissan Motor will enter talks on a merger aimed at helping them compete against Tesla and other electric vehicle makers, newspaper Nikkei reported early Wednesday. It reported that Honda and Nissan will consider bringing in Mitsubishi Motors, of which Nissan is the top shareholder, under the holding company to create one of the world's largest auto groups.
US Fed begins final 2024 rate meeting with cut expected
The US Federal Reserve began its last interest rate meeting of the year on Tuesday, with expectations high for another rate cut and a signal from policymakers that the pace of cuts will slow next year.
AFP
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