Japan

Eneos Holdings aims to raise 400 billion yen (2.61 billion dollars) through the listing of its metals division, according to two sources. This would be Japan's biggest IPO for seven years. Sources who declined to be identified because the information was not public said that Eneos expected to receive approval from the Tokyo stock exchange for the initial public offer of JX Advanced Metals JXAM as early as this week. They said that the refiner intends to sell half its JXAM share in the IPO, and is aiming for a market valuation of at least 800 Billion Yen. This is...

These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. Elon Musk led a consortium of investors to offer $97,4 billion for the nonprofit OpenAI. This raised the stakes in the battle between him and Sam Altman regarding the company behind ChatGPT. Donald Trump, the President of the United States, announced on Monday 25% tariffs on steel and aluminum imports to the U.S. He also reinstated global duties for allies like Canada, Mexico and South Korea, which were relaxed under the Biden administration. Elliott Investment Management, a...

The "wait and watch" period for North American businesses is over. U.S. president Donald Trump imposed a 25% tax on goods coming from Canada and Mexico along with a tariff of 10% on China. This could be the beginning stages of a full scale trade war that will cause new headaches to executives who have already been dealing with rising costs for years. Tariffs on imports from the U.S.’s three biggest trade partners could disrupt industries ranging from consumer goods to autos. Before Saturday's announcement of tariffs, executives were able to dodge questions regarding the issue. Many wanted to avoid...

The rise of Chinese startup DeepSeek, which has shocked the world by upending conventional wisdom about the future energy demands of the AI sector, comes just weeks after Japan announced details of its landmark energy plan designed in part to keep pace with the expected AI surge. Tokyo only recently re-evaluated its long-held predictions that its electricity consumption would decline with the ageing of its population and began to account for increased AI-driven usage by data centres and chip makers. The government released a new document in late December. A draft The basic energy plan of the government, which is...

Helion, a start-up working to create electricity from nuclear combination, on Tuesday stated it has raised $ 425 million in endeavor financing from a group of financiers led by SoftBank Group's Vision Fund 2. The Everett, Washington-based Helion said the financing will help it speed up the development of its next generation combination reactor design, which intends to take advantage of the very same responses that power the sun to make carbon-free electrical power without lasting radioactive waste. The business has an agreement with Microsoft to start providing power in 2028. Helion is amongst the lots of public and personal...

Nissan Motor plans to acquire batteries for electric vehicles offered in the U.S. from South Korea's SK On from around 2028 onwards, the Nikkei paper said on Thursday, as the troubled Japanese automaker aims to ramp up its EV business as part of a planned turnaround. Independently, a Nissan executive said the car manufacturer was considering strategies to produce compact EVs at its plant on Japan's. southern island Kyushu, confirming a 2024 Reuters report. Nissan, which remains in speak to combine with Honda Motor. , has actually been looking for to slash 9,000 tasks and 20% of its. global manufacturing...

Shares of Japanese car manufacturers and South Korean battery makers declined on Tuesday, after U.S. President Donald Trump said he could impose tariffs on Canada and Mexico soon and revoked the previous administration's executive order on electrical automobiles. However Chinese producers bucked the pattern, with stocks opening greater after Trump did not target China in his inauguration speech or immediately enforce tariffs on Beijing as formerly guaranteed. The volatility in Asian shares within hours of Trump's. inauguration highlights how policy shifts under Trump could. capture huge producers in a few of Washington's closest allies. in the area, Japan and South...

Shares of Japanese automakers and South Korean battery makers were struck on Tuesday, after U.S. President Donald Trump stated he could enforce tariffs on Canada and Mexico soon and revoked the previous administration's executive order on electric lorries. The 2 relocations by Trump within hours of his inauguration highlight how modifications in U.S. policy might squeeze manufacturing giants in close U.S. allies Japan and South Korea. Cars and truck makers are already facing immense disturbance from the pivot to electrical vehicles and the spectacular rise of Chinese competitors. Trump said that he was considering enforcing 25% tariffs and that the...

Apollo Global Management is thinking about investing as much as 1.5 trillion yen ($ 9.5 billion) in a management buyout of Japan's. 7 & & i Holdings, Bloomberg News said on Friday,. pointing out several individuals with understanding of the matter. Under the plan, 7 & & i's founding household will invest 500. billion yen in equity, trading company Itochu Corp will. invest over 1 trillion yen in equity, and Apollo as much as 1.5. trillion yen in preferred shares, according to the Bloomberg. report. Apollo did not right away react to an ask for comment. In an interview with...

Japan's 7 & & i Holdings, operator of the 7Eleven convenience store chain, reported on Thursday a drop of 24% in quarterly operating revenue, missing out on analysts' price quotes. Profit was up to 128 billion yen ($ 809.41 million) in the duration from September to November versus 169 billion in the matching duration a year earlier. The outcomes compared to a typical earnings estimate of 138 billion yen from seven experts polled by LSEG. The poor showing contributes to pressure on the vast seller to show it can improve business worth as it fends off a. proposed $47-billion buyout...

Personal equity companies KKR and Bain Capital each offered more than $5 billion in firstround bids for the noncore properties of Japan's 7 & & i. Holdings, according to individuals acquainted with the matter. KKR offered around 800 billion yen ($ 5.1 billion) for York. Holdings, an entity due to be spun out of the Japanese merchant,. two of the people stated. Rival U.S. company Bain offered around 1.2. trillion yen, a single person stated. Local buyout company Japan. Industrial Partners provided around 750 billion yen, one stated. All three firms achieved success in the preliminary of bids. for the...

Personal equity firms including KKR and Bain Capital offered from around 750 billion yen ($ 4.8 billion) to around 1.2 trillion yen ($ 7.6 billion) in a. preliminary of bidding for the noncore possessions of Japan's Seven. & & i Holdings, according to individuals familiar with the. matter. KKR provided around 800 billion yen, individuals said. Rival. U.S. company Bain used around 1.2 trillion yen, one of the. individuals said. Regional buyout company Japan Industrial Partners provided. around 750 billion yen, one of the people said. All three firms succeeded in the first round of bids. for the supermarket assets...

The stellar rise in global gold prices has cast a dark shadow over jewellery purchases during India's wedding season. Dealers in China have offered discounts to entice buyers. This week, benchmark gold prices reached a record of $2,942.70 per ounce as investors flocked to the safe haven due to fears about a possible global trade war sparked by new U.S. Tariffs. Customers are hesitant to purchase gold during the wedding season because of rising prices. "They keep calling us asking when prices will go down and when is the best time to buy", B Muthuvenkatram said, a jeweller in Coimbatore....

AGL Energy, Australia's largest power producer, posted a decline in its half-year profits and lowered its earnings forecast on Tuesday as concerns about cost of living forced it to absorb the higher electricity costs instead of passing them on to consumers. The underlying profit dropped 6.5%, to A$373 ($234.8) million in the six-month period ending December 31, 2024. However, it was still higher than analyst expectations of A$307 millions. The statutory profit fell to A$97 from A$576 and consumer earnings dropped by a quarter to A$102. Damien Nicks, the chief executive, said that earnings were in line with expectations and...

AGL Energy, an Australian power company, reported a first-half profit that was ahead of analysts' estimates. However the company lowered its earnings forecast for the full year citing lower demand from customers in the second half. AGL Energy has lowered its outlook for fiscal 2025 post-tax net profits to A$580 ($364.88 millions) to A$710, down from its previous expectations of A$530 to A$730. This new range has a mid-point that is slightly lower than Visible Alpha's consensus profit estimate of A$657 millions, but substantially lower than fiscal 2024's underlying profit of A$812million. The power producer stated that the narrowing of...

A government spokesperson announced that Karnataka, a state in southern India, had received investment proposals totaling nearly 10 trillion rupees (115.31 billion dollars) as the country attempts to boost its manufacturing sector and create jobs in an economy slowing down. At the Invest Karnataka event held on Tuesday, a spokesperson stated that the proposed investments would be focused on renewable energy, automobiles, steel, semiconductors, and other areas. Not all of the proposals have been approved and the government does not provide a timetable for these investments. New Indian Express reported last week that the state government plans to implement 70%...

Donald Trump, the president of the United States, announced on Sunday that he would impose new tariffs of 25% on all imports of steel and aluminum into the U.S. on top existing metals duties. He said that he would announce reciprocal tariffs either on Tuesday or Wednesday. On Monday, shares of steelmakers in Asia fell mainly except for those that have operations in the United States. The dollar increased and U.S. Treasury rates ticked up. What market participants say: KELVIN WOONG, SENIOR MARKET ANALYST OANDA SINGAPORE "Trade War 2.0" is a different implementation and scope from Trade War 1.0, as...

Investors weighed the risks of tariffs and the losses in all three U.S. indexes that occurred last week, which dragged down investor sentiment. As of 0149 GMT the Nikkei was unchanged at 38,792.60 while the Topix dropped 0.2%. As news spread that U.S. president Donald Trump would announce new 25% tariffs for all U.S. imports of steel and aluminum on Monday, Japanese Steel makers dropped around 1%. Nippon Steel fell 1.6%. The latest threats of tariffs come after Japanese Premier Shigeru Shiba met Trump at his first White House Summit on Friday. Hiroshi Namikoka, T&D Asset Management's chief strategist, says...

The United Steelworkers President David McCall has filed a motion for dismissal of a lawsuit brought against him by U.S. Steel & Nippon Steel. Last month, the two steelmakers sued McCall, Cleveland-Cliffs and its CEO Lourenco Goncalves "for their illegal, coordinated actions" to prevent the $14.9 billion transaction. Joe Biden, the former president of the United States, initially blocked this deal in January on grounds of national security. However, he delayed its implementation until June. The takeover of U.S. Steel by Japan's Nippon Steel has become highly political ahead of the U.S. Presidential Election in November. Both Biden and Donald...

Stocks of Japanese, South Korean and Japanese car manufacturers and their suppliers were among the biggest decliners in Asia Monday as exporters throughout the region were hit by U.S. president Donald Trump's introduction sweeping tariffs against Mexico, Canada, and China. Trump's move, although widely anticipated, has knocked down some of the biggest manufacturers in the world. Investors are concerned about the prospect of a weakening of demand from the top economy of the world and, even more concerning, a possible slowdown in global growth. The auto industry was among those hardest hit. Many Japanese and South Korean automakers, as well...

The "wait and watch" period for North American businesses is over. U.S. president Donald Trump imposed a 25% tax on goods coming from Canada and Mexico along with a tariff of 10% on China. This could be the beginning stages of a full scale trade war that will cause new headaches to executives who have already been dealing with rising costs for years. Tariffs on imports from the U.S.’s three biggest trade partners could disrupt industries ranging from consumer goods to autos. Before Saturday's announcement of tariffs, executives were able to dodge questions regarding the issue. Many wanted to avoid...

The deadline for President Donald Trump to impose tariffs is fast approaching, while the U.S. releases data on jobs and the markets gauge the new AI landscape before major tech companies report. Bank of England is deciding on interest rates, and lenders across Europe are also publishing their results. Kevin Buckland, Saqib Ahmad, Lewis Krauskopf, and Amanda Cooper, in London, provide a guide to global markets for the coming week. 1/T DAY Everyone wants to know the severity of Trump's tariffs. From currency traders and bond investors to Fed officials and other foreign powers. Trump's promise to impose 25% tariffs...

Activist financier Ancora Holdings is preparing to wage a proxy battle at U.S. Steel and desires the company to drop its merger agreement with Japan's Nippon Steel, the Wall Street Journal reported on Sunday, citing sources. Ancora likewise intends to rally investors around a strategy to oust U.S. Steel's top employer David Burritt, the report stated. The activist investor is not interested in pursuing a sale of the American steelmaker to another celebration, the WSJ reported, including that Ancora has nominated 9 director candidates to the company's 12-person board, consisting of Stelco's previous chief Alan Kestenbaum. Ancora, U.S. Steel and...

Raised prices dampened need for physical gold in many Asian centers today, while Indian dealerships offered the greatest discount rates in more than six months. In India, domestic costs hit an all-time high of 80,034 ($ 927.69) rupees per 10 grams on Friday, tracking the worldwide spot gold rates and hovering near a record high of $2,790.15 struck on Oct. 31. Retail need was minimal today due to the price increase. The majority of jewellery stores were experiencing thin footfall, a. Chennai-based bullion dealership stated. Indian dealerships this week provided a discount rate of. as much as $38 an ounce...