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☆ Japan's market is hitting record highs. What to know about the rally and how to play it
▼ + stars: | 2024-03-10 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

U.S. equities aren't the only ones on a bull run — the Japanese stock market is also enjoying an upward climb. "It is the case that the Japanese stock market remains almost exclusively driven by foreign money," Jefferies head of global equity strategy Christopher Wood wrote in a March 7 note. According to Wood, foreign investors now own almost a third of the Japanese stock market, a dramatic rise from the 4% level in 1989, when the asset bubble reached its peak. Morgan Stanley noted that quality stocks have outperformed the broader market so far in 2024. Transitioning out of deflation Rate policy has been another big factor in the recent market rally.

Persons: Jefferies, Christopher Wood, Wood, Goldman Sachs, Morgan Stanley, Makoto Furukawa, Ryota Sakagami, Citi's Sakagami Organizations: Nikkei, Global, Retailing, Holdings, Toyota Motor, Subaru, Mitsubishi, Citi, Japan, U.S, Bank of Locations: Japan, U.S, Tokyo, Bank of Japan

☆ Debate heats up as Singapore prime minister says exclusive Taylor Swift deal isn't 'unfriendly'
▼ + stars: | 2024-03-05 | by ( Monica Pitrelli | Marylou Costa | ) www.cnbc.com time to read: +4 min

Singapore Prime Minister Lee Hsien Loong said Tuesday that a closed-door deal for Taylor Swift to perform in the city-state ensured she would not perform in other Southeast Asian countries during her Eras tour. The statement is the first confirmation from the city-state that the agreement for Swift to perform in Singapore contained exclusivity terms preventing her from performing in other countries. He also did not reveal the size of the grant to Swift, but stated the amount is "not anywhere as high as speculated." During her first three concerts in Singapore, Swift asked her audience to applaud — first the locals, then those who had traveled from overseas to come to the show. Edwin Tong Singapore Minister for Culture, Community and YouthSome liken the deal to how cities vie to host major sports events, such as the Olympics, the Super Bowl and the World Cup.

Persons: Lee Hsien Loong, Taylor Swift, Swift, Edwin Tong, Srettha Thavisin, Joey Salceda, Lee, Ashok Kumar, —, Selena Oh, de Boer, Irene Hoe, — haven't Organizations: Singapore, Reuters, Thai, Swift's, Philippine, Getty, Edwin Tong Singapore Minister, Culture ,, Super Bowl Locations: Singapore, Southeast Asia, Melbourne, Bangkok, ASEAN, Tokyo, Asia, Malaysia, Thailand, Indonesia, Asia — Tokyo, Shanghai, Hong Kong, Philippines, Cambodia, what's, Edwin Tong Singapore

☆ Why India’s economy under Modi offers a real alternative to China
▼ + stars: | 2024-02-26 | by ( Diksha Madhok | ) edition.cnn.com time to read: +9 min

The market value of companies listed on India’s exchanges crossed $4 trillion in late November. But the country is stuck in recession and recently lost its position as the world’s third biggest economy to Germany. While interest in the world’s fifth largest economy is rising, the lofty prices of India’s stocks are scaring some international investors away. According to Macquarie, retail investors alone own 9% of India’s equity market value versus foreign investors at slightly under 20%. China “has a few too many companies which are $100 and $200 billion plus [in value],” Mittal said.

Persons: Peeyush Mittal, there’s, ”, Mittal, They’ve, Narendra Modi, Indranil Mukherjee, Jefferies, “, MSCI, Aditya Suresh, Modi’s, Modi, there’ll, ” Suresh, shoring, Hubert de Barochez, Elon Musk, India “, ” Musk, Suresh, Satish Babu, China “, ” Mittal, Priyanka Agnihotri, Nirmala Sitharaman Organizations: New, New Delhi CNN —, Matthews Asia, Getty, Macquarie Capital, Bharatiya Janata Party, Monetary Fund, Jefferies, Capital Economics, Apple, Foxconn, ”, Workers, Chennai Metro Rail, Advisory, Indian Locations: New Delhi, Jaipur, San Francisco, India, China, Shanghai, Shenzhen, Hong Kong, Japan, Germany, Beijing, Washington, “ India, Macquarie, Chennai, Baltimore

TOKYO (AP) — Tokyo prosecutors said Thursday they have arrested the former vice foreign minister of Prime Minister Fumio Kishida’s Cabinet on suspicion of accepting more than 61 million yen ($414,000) in bribes from a wind power company in return for his promotion of wind power and other favorable treatment. Political Cartoons View All 1146 ImagesHe allegedly received another 31 million yen ($210,500) in connection to a racehorse owner's group between October 2021 and June this year. Masayuki Tsukawaki, the 64-year-old former president of Japan Wind Development, has admitted that the payments were a “reward” for Akimoto, Kyodo said, quoting unnamed investigative sources. “We cannot build social infrastructure for the future of Japan without fair competition,” said Norihisa Satake, governor of Akita, where Japan’s first full commercial operation of wind power generation began in December. “We want operators to compete fairly and squarely with technology.”Established in 1999, Japan Wind Development has developed 293 turbines in and outside Japan with a combined output of more than 570 megawatts, according to the company's website.

Persons: —, Fumio, Masatoshi Akimoto, Akimoto, Masayuki Tsukawaki, Kyodo, Tsukawaki, “, ”, wasn't, Kishida, Norihisa Satake Organizations: TOKYO, Liberal Democratic Party, Japan, Development, Kyodo, Akimoto, NHK, ” Locations: — Tokyo, Aomori, Jakarta, Indonesia, Japan, Akita

☆ New York overtakes Hong Kong as the most expensive city in the world for expats, new survey shows
▼ + stars: | 2023-06-08 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +4 min

Hong Kong has ended its four-year reign as the most expensive city globally for expatriates, according to a survey — as New York surpasses it to first place. Hong Kong has ended its four-year reign as the most expensive city globally for expatriates — surpassed by New York which took first place, according to a new survey. Hong Kong fell in our rankings as the increase in prices of day-to-day goods and services was tempered by falls in accommodation costs in the city. Lee Quane ECA InternationalStill, Hong Kong retained its position as the most expensive location in Asia. Reports suggest residents of Hong Kong left the city in droves last year — due to Covid-19 restrictions and what they see as an erosion of democratic norms.

Persons: —, Lee Quane Organizations: New, ECA, assignees, Lee, Asia, U.S . Federal, Urban Land Institute, ULI, Asia Pacific Centre for Housing, U.S ., San Locations: Hong Kong, New York, Asia, Singapore, Asia Pacific, Asia Hong Kong Singapore Seoul Tokyo Shanghai Guangzhou Shenzhen Beijing Taipei Yokohama, Shanghai, Guangzhou, Tokyo, Japan, York, U.S, San Francisco

☆ Tokyo begins same-sex partnership recognition
▼ + stars: | 2022-11-01 | by ( Associated Press | ) www.nbcnews.com time to read: +4 min

TOKYO — Tokyo began issuing certificates recognizing same-sex couples on Tuesday, becoming the largest municipality to do so in a country in which same-sex marriage is not allowed. Seven years after Tokyo’s Shibuya district first introduced same-sex partnership recognition in 2015, more than 200 smaller towns have joined the move, accounting for less than one-fifth of Japanese municipalities. Still, many sexual minority couples say the partnership recognition will improve their daily lives, allowing them to rent apartments and sign documents in medical emergencies, and in inheritance. Fumino Sugiyama, a transgender activist, said the certificates recognize the presence of sexual minorities and the need to recognize their rights. Moda said the certificate only recognizes partnerships between adults and needs to cover children of same-sex couples.

Традиционный забег, который организаторы планировали провести в марте 2021 года, пришлось перепланировать на осень. С марта на октябрь перенесли организаторы Токийский марафон 2021 года, решение принято в контексте пандемии коронавируса,пишет РИА Новости со ссылкой на официальный сайт соревнований. The Tokyo Marathon 2021 will be held on Sunday, October 17, 2021. https://t.co/cF5VXmfmrH — Tokyo Marathon Foundation (@TokyoMarathon_E) October 9, 2020Решение о пероеносе забега с 7 марта на 17 октября было принято в пятницу. В нынешнем году Токийский марафон прошел без участия спортсменов-любителей.

Persons: Бирхану Легесе, Лона Чемтай Organizations: Sputnik, Marathon Foundation, Sputnik Moldova, Sputnik, РИА Новости, Tokyo Marathon Foundation, Telegram, Video, Radio Sputnik Moldova Locations: КИШИНЕВ, Эфиопия, Израиль, Азия, Молдова

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