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Marriott International's CEO Anthony Capuano reported solid business performance despite recent layoffs of over 800 corporate employees, attributing growth to a strong return of group travel and record hotel signings in China. The company anticipates continued recovery in domestic tourism and inbound travel, with a focus on decentralized decision-making to enhance efficiency. Marriott's loyalty program has expanded to 219 million members, and the company plans to open more hotels in Japan, including a new Four Points Flex by Sheraton.
Asian equities are poised for declines following a subdued performance on Wall Street, influenced by Nvidia Corp.'s disappointing revenue forecast. While Nvidia met third-quarter expectations, it fell short of the highest future revenue estimates, leading to a drop in Nasdaq 100 futures. Concurrently, Treasury yields and the dollar increased, and Bitcoin reached a new record high.
Nissan's Ariya has won the Vincentric Best Certified Pre-Owned Value Award in the Compact SUV segment, highlighting its value and reliability among all compact SUVs, not just electric vehicles. This recognition is part of Nissan's six awards in the 12th annual event, emphasizing the brand's commitment to affordability and quality throughout the vehicle lifecycle. The awards are based on a comprehensive analysis of total cost of ownership, considering factors like depreciation, maintenance, and insurance.
Japan's largest labor union chief, Tomoko Yoshino, is urging Prime Minister Shigeru Ishiba's government to enhance wage hike efforts, particularly for small firms, ahead of next year's pay negotiations. She emphasized the need for revising key laws to enable small businesses to manage costs and called for increased subsidies to tackle significant labor shortages.
Home prices in major Asian markets are projected to rise in 2025, with Hong Kong expected to lead the gains, potentially increasing by up to 10%. Australia’s residential prices are forecasted to grow by 7% to 8%, while Singapore and Japan may see more modest increases of 3% and 2%, respectively.
Effissimo Capital Management Pte has stirred speculation in Tokyo's financial circles with its acquisition of a 2.5% stake in Nissan Motor Co. This investment led to a significant surge in Nissan's shares, which rose 13% on November 12, marking the largest one-day gain in 15 years.
The Global Pediatric Healthcare market is projected to grow from $175.6 billion in 2024 to $290 billion by 2032, with a CAGR of 6.5%. Key players include Abbott, Pfizer, and Merck, focusing on pharmaceuticals, nutrition, medical devices, and vaccines across various applications like hospitals and homecare. The market is expanding rapidly in the Asia-Pacific region, while North America remains the dominant market.
Private Corner has launched the PC Feeder Mérieux Innovation 2, a feeder fund focused on healthcare innovation, categorized as article 8 SFDR. This fund aims to support around 15 European companies in advanced medical technologies, with investments starting at €100,000 over 4 to 5 years. The marketing period will remain open until the end of 2025.
India requires a range of bilateral trade agreements to enhance market access and leverage the 'China plus one' strategy in global manufacturing, as highlighted in the Reserve Bank of India's November bulletin. The urgency lies in standardizing negotiations to tackle rules of origin and non-tariff barriers. Over the past five years, imports from FTA partners surged by 37.9%, while exports only rose by 14.5%, indicating a need for a more effective trade approach.

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