DIRS.INFO The most relevant business & tech news

☆ Japan Airlines first female CEO hopes more women make it to the top
▼ + stars: | 2024-04-24 | by ( Hanako Montgomery | Helen Regan | ) edition.cnn.com time to read: +6 min

Tokyo/Hong Kong CNN —Mitsuko Tottori admits Japan has much more to do to get people like her into the chief executive seat. Tottori was named as the first female president and chief executive of Japan Airlines (JAL) in January, crowning a career that began nearly 40 years ago when she joined the airline as a flight attendant. Tottori, pictured in 1985 using an in-flight phone, began her career as a cabin attendant at Japan Airlines. Japan Airlines' A350 airplane is on fire at Haneda international airport in Tokyo, Japan January 2, 2024. They really followed the instructions of the flight crew calmly, which I think was a big factor.

Persons: Mitsuko Tottori, ”, “, Tottori, Issei Kato, Shukor Yusof, Seijiro Takeshita, ’, ” Takeshita, — CNN’s Junko Ogura, Mayumi Maruyama, Juliana Liu Organizations: Hong Kong CNN, Japan Airlines, JAL, “, CNN, University of Tokyo, Women’s Junior College, Boeing, Airbus, Haneda, Endau, ”, Japan Inc, University of Shizuoka, ANA, All Nippon Airways Locations: Tokyo, Hong Kong, Japan, Tottori, “ Japan, Nagasaki, Haneda, Osaka, Asia, Myanmar, Fiji

☆ World’s busiest airports: There’s a new No. 2
▼ + stars: | 2024-04-15 | by ( Marnie Hunter | ) edition.cnn.com time to read: +6 min

CNN —Globe-trotters are on the move again in a big way, boosting the rankings of a handful of international aviation hubs on the list of the world’s busiest airports. With 104.7 million passengers in 2023, Dubai’s not nipping at its heels just yet. Tokyo International Airport, commonly known as Haneda Airport, leapt up from No. Tokyo Haneda, Japan (HND): 78.7 million passengers; up 55.1% from 20226. Los Angeles, California (LAX): 75.1 million passengers; up 13.8% from 20229.

Persons: Atlanta’s, ”, Luis Felipe de Oliveira, de Oliveira, Dubai’s, Kamran Jebreili, Issei Kato, Indira, ” de Oliveira Organizations: CNN — Globe, Atlanta’s Hartsfield, Jackson International, “, ACI, Asia Pacific, Atlanta, Chicago, London Heathrow, Tokyo International Airport, Haneda Airport, Reuters, Indira Gandhi International, Air India, IndiGo, Boeing, Aircraft, Hartsfield, Jackson, United Arab Emirates, London, Tokyo, Chicago O’Hare Locations: Dubai, “ Dubai, East, Asia, Atlanta, United States, Dallas, Fort Worth, Denver, Los Angeles, London, Tokyo, Japan, Haneda, Reuters Istanbul’s, New Delhi, India, Jackson Atlanta , Georgia, United Arab, Fort Worth , Texas, DFW, London Heathrow, United Kingdom, Tokyo Haneda, Denver , Colorado, Istanbul, Turkey, Los Angeles , California, Chicago O’Hare , Illinois, ORD, Delhi

☆ Opinion | O.J. and the Monster Jealousy
▼ + stars: | 2024-04-12 | by ( Maureen Dowd | ) www.nytimes.com time to read: +1 min

On Thursday, I went over to South Bundy Drive in Brentwood, where the double murder happened. Simpson was dead at 76. And that famous scene of violence was eerily quiet on a shimmering spring day in Los Angeles. There were farcical elements of O.J. It had echoes of “Othello,” the most trenchant work ever written on the fatal flaw of jealousy.

Persons: O.J, Simpson, Nicole Brown Simpson, Ron Goldman, Simpson’s, Kato Kaelin, Lance Ito, Itomaniac, ” Locations: South, Brentwood, Los Angeles

☆ OJ Simpson's TV moment is never going to be replicated
▼ + stars: | 2024-04-11 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

But also a true thing: In 1994, when Simpson fled police in his white Bronco, 95 million people watched the slow-motion chase on TV, in real time. In 1994, AOL, the service that popularized the "World Wide Web," had a little more than a million subscribers. AdvertisementAnd the notion that we're never getting a TV event like the Simpson affair is not a new one, either. Digital media can certainly focus a lot of people's attention on one thing, but it can't compel everyone to watch one thing. Now I'm going to go stream June 17th, 1994 — ESPN's documentary about the Simpson chase.

Persons: —, OJ Simpson, Simpson, We're, Rupert Murdoch's Fox, Kato Kalein, Lance Ito, Rick Maiman, Here's, Joanna Robinson, Robinson, Addison Rae, They're, It's, I've Organizations: Service, Bronco, Business, AOL, Getty Locations: America

☆ Asia’s 50 best restaurants for 2024 revealed
▼ + stars: | 2024-03-27 | by ( Karla Cripps | ) edition.cnn.com time to read: +5 min

CNN —After losing the number one spot to Bangkok in 2023, Tokyo has reclaimed its crown as the city with the top eatery in the region at the annual Asia’s 50 Best Restaurants Awards, which were announced in Seoul, South Korea on Tuesday evening. The list – part of the global “World’s 50 Best” brand – is compiled by the Asia’s 50 Best Restaurants Academy, which is made up of more than 300 food critics, writers, chefs and restaurateurs, all selected for their knowledge of Asia’s restaurant scene. Though Singapore didn’t have any restaurants in the top five, nine of its venues made the top 50 list – more than any other city. Courtesy The World's 50 BestThe “Asia’s Best Female Chef” award went to Pichaya ‘Pam’ Soontornyanakij, owner of Bangkok restaurant Potong, which came in at 17 on this year’s list. Mineko Kato of restaurant Faro in Tokyo won the Asia’s Best Pastry Chef award and Kevin Lu of Logy, in Taipei, was voted Asia’s Best Sommelier.

Persons: Daniel Calvert, Calvert, “, ”, Sézanne, I’ve, we’d, Gaggan, Seroja, Gaggan Anand, Thitid “, Sühring, Le Du –, Ton, Bangkok –, Odette, Pichaya, Pam ’ Soontornyanakij, Ton’s Nusara, Mineko Kato, Kevin Lu, Logy, Sung Anh, Mosu, Danny Yip, Hong, Le, Fu, Hui, Samrub, Villa, Ling Long, Ando, Les Amis, Baan, Goh, Anan, Tam’s Organizations: CNN, Marunouchi, Restaurants Academy, Hospitality, Toyo, Meta, Studio, Bund Locations: Bangkok, Tokyo, Seoul, South Korea, Japan, France’s Champagne, Maronouchi, Asia, ”, Kolkata, Hong Kong, Singapore, Thai, ” Singapore, Faro, Taipei, Nusara, Suhring, Osaka, Odette, Sorn, Le Du, Potong, Shanghai, Logy, Masque, Mumbai, Manila, Delhi, Seroja, Taichung, Taiwan, Mume, Wakayama, Lolla, Avartana, Chennai, India, Fukuoka, Jakarta, Kyoto, Anan Saigon, Ho Chi Minh City, Macao

☆ Hybrids are a transition technology 'far superior' to EVs, analyst says
▼ + stars: | 2024-02-07 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHybrids are a transition technology 'far superior' to EVs, analyst saysMio Kato of LightStream Research discusses Toyota's performance and the use cases of electric vehicles and hybrids.

Persons: Mio Kato Organizations: LightStream Research

HUA HIN, Thailand (AP) — Rising Russian star Diana Shnaider bounced back from a turbulent second set to upend defending champion Zhu Lin of China 6-3, 2-6, 6-1 for her maiden title at the WTA Thailand Open on Sunday. In the second, Zhu mounted a comeback, winning four consecutive games from 2-2, to force a decisive third set. Following a toilet break, Shnaider returned to the court with renewed intensity. As Zhu struggled to maintain focus, Shnaider seized the opportunity to break her opponent three times to clinch the decisive set and claim her first WTA title. Photos You Should See View All 45 ImagesIt was Shnaider’s second WTA final appearance, having previously lost to Ons Jabeur in Ningbo, China last September.

Persons: HUA, Diana Shnaider, Zhu Lin, Zhu, Shnaider, “, I’m, ” Shnaider, ”, Miyu Kato, Aldila, Guo, Xinyu Jiang, ___ Organizations: WTA Thailand, North Carolina State University, WTA Locations: HUA HIN, Thailand, China, Ningbo, Japan, Indonesia, Auckland, Cleveland

☆ Fujitsu role in Britain's Post Office scandal could have severe reputational consequences, analysts say
▼ + stars: | 2024-01-23 | by ( Elliot Smith | ) www.cnbc.com time to read: +5 min

(Photo by Tolga Akmen / AFP) (Photo by TOLGA AKMEN/AFP via Getty Images) Tolga Akmen | Afp | Getty ImagesLONDON — Fujitsu 's role in the U.K. Post Office scandal, dubbed the "most widespread miscarriage of justice" in British history, has analysts wary of what the fallout could look like for the Japanese IT giant. Between 1999 and 2015, a fault with the company's Horizon computer software used by the Post Office, a state-owned private company employing thousands of people across the country, resulted in more than 700 sub-postmasters being subjected to false prosecutions. watch nowIn a statement Thursday, Fujitsu said it regards the matter with the "utmost seriousness and offers its deepest apologies to the sub-postmasters and their families." "Based on the findings of the Inquiry, we will also be working with the UK government on the appropriate actions, including contribution to compensation." A spokesperson for Fujitsu wasn't immediately available for comment when contacted by CNBC.

Persons: Tolga Akmen, TOLGA AKMEN, Akmen, postmasters, Paul Patterson, Patterson, Fujitsu Tim Morse, —, CNBC's, Mio Kato Organizations: subpostmasters, of Justice, Appeal, Getty, Afp, Fujitsu, Post Office, Post, Business, Trade, Asymmetric Advisors, CNBC, Fujitsu wasn't, Treasury, Fujitsu —, ICL, Tokyo Stock Exchange, LightStream Locations: London, AFP, U.K, Japan

☆ Novak Djokovic struggles past home favorite Alexei Popyrin to reach Australian Open third round
▼ + stars: | 2024-01-17 | by ( Ben Morse | ) edition.cnn.com time to read: +4 min

CNN —It wasn’t pretty, but Novak Djokovic booked his spot in the 2024 Australian Open third round on Wednesday, beating Australian home favorite Alexei Popyrin in four sets 6-3 4-6 7-6(4) 6-3 in a hard-fought affair. 1 seed was able to race away during the second half of the match to continue his run for a record-extending 11th Australian Open men’s title. He deserves a big round of applause.”During his opening two matches at the Australian Open in Melbourne, Djokovic hasn’t played at the imperious levels we’ve come to expect from him. He dropped a set in his opening round match against Dino Prižmić and he struggled for consistency against Popyrin. “She has a big game, big serve, big shots, very athletic.

Persons: Novak Djokovic, Alexei Popyrin, Djokovic, “, Djokovic hasn’t, Dino Prižmić, Popyrin, Lillian Suwanrumpha, Ravi Ubha, haven’t, I’m, I’ll, Gauff, Coco Gauff, Caroline Dolehide, Leylah Fernandez, Issei Kato, ” Gauff, Sloane, Stephens, Maria, Sakkari, ” Organizations: CNN, Popyrin, Parks, Dolehide, Reuters Locations: Melbourne, AFP, Delray Beach

☆ UK Post Office scandal: Analyst discusses Fujitsu's reputational costs
▼ + stars: | 2024-01-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFujitsu reputational costs may be more severe than cost of compensating Post Office victims: AnalystMio Kato, founder of LightStream Research, says Fujitsu may need to increase spending in quality control after Britain's Post Office scandal, pointing to issues in Japan such as those relating to ATM systems and national ID cards.

Persons: Mio Kato Organizations: Fujitsu, LightStream, Britain's Post Locations: Japan

☆ Last letters from Japan’s young kamikaze pilots offer rare WWII insights
▼ + stars: | 2024-01-15 | by ( Brad Lendon | ) edition.cnn.com time to read: +10 min

But these are some of the real faces of the kamikaze that line the walls of the Kanoya Air Base museum and the Chiran Peace Museum, both located on Japan’s Kyushu island. Three women look at photos of Japanese kamikaze pilots, who gave their lives in WWII suicide attacks against US forces, hanging on a wall at the Chiran Peace Museum. A re-creation of a bunker where kamikaze pilots spent their last night before their missions on the grounds of the Chiran Peace Museum. Brad Lendon/CNNAlso among the pictures on the walls of the Chiran museum is one of an American, Capt. Kenta Torihama, great-grandson of Tome Torihama, a confidant of the kamikaze pilots, outside his restaurant near the Chiran Peace Museum.

Persons: It’s, David Guttenfelder, Yasuo Tanaka, Torao Kato, “, –, Yoshio Itsui, Itsui, ” Itsui, ‘, ”, Brad Lendon, Masaji, ” Takano, Adm, Takijiro, General Yoshisugu Saito, Shigeaki, Tome Torihama, Kenta Torihama, it’s, Saigo Takamori, Saigo Organizations: Japan CNN, Kanoya Air Base, Self, Defense Force, Young Boy Pilots, CNN, US Army, Pacific, Visitors, Kanoya, Base, US Navy, Heritage Command, US Defense Department, Atomic Heritage Foundation Locations: Kagoshima, Japan, Kyushu, Chiran, Hawaii, Europe, Okinawa, Imperial, East, Southeast Asia, Saipan, American, Taiwan, Philippines, Kagoshima prefecture, Kagoshima city, Fukuoka

The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. The company currently connects more than 17 million vehicles and Napier said Cubic can update the car from the assembly all the way through its lifetime. "We can update the car in the production line, we can update the car on the ship, we can update the car when it arrives anywhere," Napier said. Cubic will become a consolidated subsidiary of SoftBank Corp, and the deal is set to close in the first half of 2024. Jefferies served as lead financial adviser to Cubic on the deal, while PJT Partners acted as lead financial adviser to SoftBank.

Persons: Issei Kato, Junichi Miyakawa, Barry Napier, SoftBank, Napier, Jefferies, Nick Carey, Nick Zieminski Organizations: SoftBank, REUTERS, SoftBank Corp, Cubic Telecom, Japan, Volkswagen, Qualcomm, Consulting, McKinsey, Co, Reuters, Napier, SoftBank Group, Vision Fund, PJT, Thomson Locations: Tokyo, Japan, TOKYO, Dublin, Irish

For its biggest banks, however, there's a hitch: a generation of professional front-line staff have little experience with rising interest rates. The 38 members, which include credit dealers and data scientists, work to improve coordination between retail and wholesale divisions, as higher rates are expected to fuel trading activities. Still, if higher rates are new to most bankers, so they are for their clients, who have for years enjoyed rock bottom rates in Japan. "Almost no front-line bankers have experienced short-term rates above 0.5% as Japan last saw such rates in the 1990s," he said. "I think there are a lot of scepticism among front-line bankers over whether they can really increase their lending rates."

Persons: Masahiro Minami, they've, Izuru Kato, Kato, Satoru Yamamoto, Atsushi Kikuchi, Tokyo Tanshi's Kato, Makiko Yamazaki, Ritsuko Shimizu, David Dolan Organizations: MUFG Bank, TOKYO, Resona Holdings, Reuters, Bank, Mitsubishi, Daiwa Securities, Mizuho Financial, Mizuho, Thomson Locations: Japan, Tokyo

☆ China's BYD says will keep reward system for smear campaign tipsters
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Issei Kato/File Photo Acquire Licensing RightsSHANGHAI, Dec 4 (Reuters) - China's electric vehicle giant BYD (002594.SZ) said on Sunday it would make permanent its system offering tipsters who report smear campaigns against the company up to 5 million yuan ($700,918). The company in June 2022 increased the maximum amount providers of such information could receive from 1 million yuan to 5 million yuan, saying that policy was valid for a year. "Such information should be legally effective and BYD will give the provider a generous reward once it verifies it to be true." In September, the company hit back against online discussions that said BYD had leaked commercial secrets, saying those posts were pure rumours. Warren Buffett-backed BYD is China's largest seller of electric and plug-in hybrid vehicles, and Tesla's (TSLA.O) closest rival in the global electric vehicle sales race.

Persons: Issei Kato, BYD, Warren Buffett, Brenda Goh, Gerry Doyle Organizations: Japan, REUTERS, Rights, Thomson Locations: Tokyo, Japan, Weibo

☆ BOJ's Noguchi: Japan yet to achieve wage-driven rise in inflation
▼ + stars: | 2023-12-02 | by ( ) www.reuters.com time to read: +1 min

Japanese national flag is hoisted atop the headquarters of Bank of Japan in Tokyo, Japan September 20, 2023. "It's true the impact of elevated global inflation is reaching Japan's economy with consumer inflation exceeding the BOJ's 2% target since the spring of 2022," Noguchi said, according to the text of his speech posted on the BOJ's website. "But the rise (in inflation) is mostly due to cost-push factors amid higher import prices," contrary to the wage-driven price increases seen in the United States and Europe, he said. "To achieve our 2% inflation target, we must see price rises backed by sustained wage increases," Noguchi said. With inflation exceeding the BOJ's 2% target for more than a year, market expectations are heightening that the central bank will exit ultra-loose monetary policy next year.

Persons: Issei Kato, Asahi Noguchi, Noguchi, we've, Kazuo Ueda, Leika, Jonathan Oatis Organizations: Bank of Japan, REUTERS, Rights, Thomson Locations: Tokyo, Japan, United States, Europe

☆ Asia stocks closing in on strongest month since January
▼ + stars: | 2023-11-30 | by ( Kane Wu | ) www.reuters.com time to read: +4 min

A man is reflected on an electric stock quotation board outside a brokerage in Tokyo, Japan April 18, 2023. The MSCI Asia-ex-Japan stocks index (.MIAPJ0000PUS) is up 6.7% so far this month, setting it on course to mark the best month since January. South Korea's KOSPI (.KS11) has led the rally in Asia with 10.5% gains this month, followed closely by Taiwan (.TWII) and Japan's Nikkei Average index (.N225). Ten-year U.S. yields are down more than 60 basis points in November, on track for the steepest monthly drop since late 2008. U.S. financial conditions are the loosest since early September and have eased 100 basis points in a month, according to Goldman Sachs.

Persons: Issei Kato, Korea's, Christopher Waller, Waller, Redmond Wong, Goldman Sachs, J.P.Morgan, Brent, Kane Wu, Vidya Ranganathan, Sam Holmes Organizations: REUTERS, Fed, Stock, U.S, Wednesday, Saxo Markets, Organization of, Petroleum, Reuters, Thomson Locations: Tokyo, Japan, HONG KONG, U.S, Asia, Taiwan, Greater China, China, Russia, Hong Kong

☆ Japan space agency hit with cyberattack, rocket and satellite info not accessed
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +1 min

A logo of Japan Aerospace Exploration Agency (JAXA) is seen in front of a gate at the JAXA Chofu Aerospace Center Aerodrome Branch in Tokyo January 22, 2013. REUTERS/Issei Kato/File Photo Acquire Licensing RightsTOKYO, Nov 29 (Reuters) - Japan's space agency was hit with a cyberattack but the information the hackers accessed did not include anything important for rocket and satellite operations, a spokesperson said on Wednesday. "There was a possibility of unauthorised access by exploiting the vulnerability of network equipment," the spokesperson at Japan Aerospace Exploration Agency (JAXA) said, declining to elaborate on details such as when the attack took place. The space agency learned of the possibility of the unauthorised access after receiving information from an external organisation and conducting an internal investigation, the spokesperson said, declining to identify the organisation's name. Japanese media reported Wednesday that the cyberattack occurred during the summer and the police became aware of the attack and notified JAXA this autumn.

Persons: Issei Kato, Satoshi Sugiyama, Tom Hogue, Gerry Doyle Organizations: Japan Aerospace Exploration Agency, JAXA, JAXA Chofu, Branch, REUTERS, Rights, Yomiuri, Thomson Locations: Tokyo

Adachi said Japan has yet to see a positive wage-inflation cycle, in which wages and inflation rise together, kick off. The BOJ can start debating an exit strategy only when the chance of such a cycle emerging heightens, he added. But Adachi said the BOJ did not necessarily need to wait until inflation-adjusted wage growth turns positive for it to normalise monetary policy. Hawkish member Naoki Tamura in August signalled a chance of ending negative rates early next year, saying Japan's inflation was already "clearly in sight" of the BOJ's target. With inflation exceeding its 2% target for more than a year, many market players expect the BOJ to end negative rates and YCC next year, with some betting on a move as early as January.

Persons: Issei Kato, Seiji Adachi, Adachi, we're, Naoki Tamura, YCC, Leika Kihara, Takahiko Wada, Chang, Ran Kim, Jamie Freed Organizations: Bank of Japan, REUTERS, Thomson Locations: Tokyo, Japan, TOKYO, MATSUYAMA, Matsuyama

☆ Japan's price trend gauge hits record, heightens case for BOJ exit
▼ + stars: | 2023-11-28 | by ( Leika Kihara | ) www.reuters.com time to read: +2 min

The 2.2% year-on-year increase in the weighted median inflation rate, which is closely watched as an indicator on whether price rises are broadening, followed a 2.0% gain in September. It was the fastest rise since comparable data became available in 2001, Bank of Japan (BOJ) data showed. The data will be among the factors the BOJ will scrutinise at its next policy-setting meeting on Dec. 18-19. The weighted median is the inflation rate of items at the middle of the price changes, or around the 50th percentile point of the distribution. Unlike the consumer price index (CPI), which is swayed by fuel and energy costs, the weighted median inflation rate is useful to trace how widely prices are rising.

Persons: Issei Kato, Kazuo Ueda, Leika Kihara, Kim Coghill Organizations: Bank of Japan, REUTERS, Rights, Thomson Locations: Tokyo, Japan, Bank

☆ Rapidus hunts for engineers to help Japan regain faded chip glory
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +3 min

Tetsuro Higashi, the Chairman of Rapidus Corp., poses for a photograph during an interview with Reuters at the company headquarters in Tokyo, Japan February 2, 2023. REUTERS/Issei Kato/File Photo Acquire Licensing RightsTOKYO, Nov 28 (Reuters) - Government-backed Japanese chip foundry venture Rapidus is hunting high and low - including among industry veterans and overseas - to find engineers to help it revive a chip industry that was once the envy of the world. Rapidus is helmed by veteran chip industry executives who were working in the 1980s when Japan boasted a market share of around half of the global chips market. Rapidus' ambitious plans have been met with scepticism from chip industry insiders who have questioned whether the company will be able to achieve mass production and secure a sufficient customer base. Yonemaru last month relocated to work with IBM in New York state, part of a cohort of Rapidus engineers heading there as the fab is being constructed.

Persons: Tetsuro, Issei Kato, TSMC, Rapidus, Masami Suzuki, Suzuki, Naoto Yonemaru, Sam Nussey, Miho Uranaka, Tim Kelly, Jamie Freed Organizations: Rapidus Corp, Reuters, REUTERS, Rights, IBM, Rapidus, Thomson Locations: Tokyo, Japan, Hokkaido, New York

While emerging market and Asian equities clocked up decent gains on Tuesday, Wall Street struggled to make much headway despite a seemingly constructive market and economic backdrop. The dollar, Treasury yields, and stock market volatility all fell, and U.S. consumer confidence was higher than expected. Fed Governor Christopher Waller - thought to be close to Fed Chair Jerome Powell's thinking on policy - also signaled that U.S. interest rates could be cut in the months ahead. Thailand's central bank is also expected to keep rates on hold, at 2.50%, through the middle of 2025. Here are key developments that could provide more direction to markets on Wednesday:- New Zealand interest rate decision- Thailand interest rate decision- Australia inflationBy Jamie McGeever Editing byOur Standards: The Thomson Reuters Trust Principles.

Persons: Issei Kato, Christopher Waller, Jerome Powell's, That's, Michele Bullock, Jamie McGeever Organizations: U.S, REUTERS, Wall, Treasury, Fed, Nasdaq, Reserve Bank of New, New Zealand, Reserve Bank of Australia, Thomson, Reuters Locations: Tokyo, Japan, New Zealand, Thailand, Australia, U.S, Thailand's, Zealand

☆ Asia stocks swing lower, gold climbs as oil slips
▼ + stars: | 2023-11-27 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

One mover was gold, which climbed to $2,009.87 an ounce and briefly hit a six-month top of $2,017.82. S&P 500 futures eased 0.2% and Nasdaq futures lost 0.4%. "Indeed, this message of patience is likely to be notable in upcoming DM policy communications in response to recent financial market developments." Markets priced in 80 basis points of U.S. easing next year, and around 82 basis points for the ECB. Reports suggest African oil producers are seeking higher caps for 2024, while Saudi Arabia may extend its additional 1 million bpd voluntary production cut, which is due to expire at the end of December.

Persons: Issei Kato, Jerome Powell, Bruce Kasman, Christine Lagarde, Brent, Wayne Cole, Stephen Coates Organizations: REUTERS, Nikkei, SYDNEY, Japan's Nikkei, Nasdaq, Federal, JPMorgan, European Central Bank, EU, ECB, CBA, Thomson Locations: Tokyo, Japan, United States, Europe, Asia, Pacific, Saudi Arabia, OPEC

☆ BOJ's Ueda: Cannot say with conviction inflation will hit 2% target sustainably
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: 1 min

Bank of Japan (BOJ) Governor Kazuo Ueda attends a news conference after their policy meeting at BOJ headquarters in Tokyo, Japan April 28, 2023. REUTERS/Issei Kato/File Photo Acquire Licensing RightsTOKYO, Nov 27 (Reuters) - Bank of Japan Governor Kazuo Ueda said on Monday the central bank cannot say yet with conviction that inflation will sustainably and stably achieve its 2% inflation target. "We're seeing some positive signs in wages and inflation. But there's high uncertainty on whether this cycle will strengthen," Ueda told parliament. Reporting by Leika Kihara; Editing by Tom HogueOur Standards: The Thomson Reuters Trust Principles.

Persons: Kazuo Ueda, Issei Kato, Ueda, Leika Kihara, Tom Hogue Organizations: of Japan, REUTERS, Rights, Bank of Japan, Thomson Locations: Tokyo, Japan

☆ Asia stocks turn lower, gold jumps as oil slips
▼ + stars: | 2023-11-27 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

S&P 500 futures eased 0.2%, and Nasdaq futures lost 0.4%. That in turn has been a drag on the dollar which has lost 3% on a basket of major counterparts this month . Reports suggest African oil producers are seeking higher caps for 2024, while Saudi Arabia may extend its additional 1 million bpd voluntary production cut, which is due to expire at the end of December. "Saudi Arabia and OPEC+ faces a challenge in convincing markets that it can help keep oil markets tight in 2024," wrote commodity analysts at CBA in a note. "OPEC+ will have to show significant supply discipline, or at least jawbone such ability, to alleviate market worries of a deep surplus in oil markets next year."

Persons: Issei Kato, Jerome Powell, Bruce Kasman, Christine Lagarde, Brent, Wayne Cole, Stephen Coates Organizations: REUTERS, Nikkei, SYDNEY, Japan's Nikkei, Nasdaq, Federal, JPMorgan, European Central Bank, EU, ECB, Australian, CBA, Thomson Locations: Tokyo, Japan, United States, Europe, Asia, Pacific, Saudi Arabia, OPEC

☆ Asia stocks steady ahead of inflation tests, OPEC+ meeting
▼ + stars: | 2023-11-27 | by ( Wayne Cole | ) www.reuters.com time to read: +3 min

The approach of month end could also cause some caution given the hefty gains investors are sitting on. "Indeed, this message of patience is likely to be notable in upcoming DM policy communications in response to recent financial market developments." Markets priced in almost 90 basis points of U.S. easing next year, and around 83 basis points for the ECB. The oil market faces a tense few days ahead of a meeting of OPEC+ on Nov. 30, a meting that had originally been slated for Sunday but was postponed as producers struggled to find a unanimous position. Reports suggest African oil producers are seeking higher caps for 2024, while Saudi Arabia may extend its additional 1 million bpd voluntary production cut, which is due to expire at the end of December.

Persons: Issei Kato, Jerome Powell, Bruce Kasman, Christine Lagarde, Brent, Wayne Cole, Christopher Cushing Organizations: REUTERS, Nikkei, SYDNEY, Japan's Nikkei, Nasdaq, Federal, JPMorgan, European Central Bank, EU, ECB, Thomson Locations: Tokyo, Japan, United States, Europe, Asia, Pacific, Saudi Arabia

Search resuls for: "Kato"

25 mentions found