{ }
Mitsui & Co. has reportedly become the highest bidder for a stake in First Quantum Minerals Ltd."s Zambian copper mines, surpassing a competing offer from Saudi Arabia"s Manara Minerals Investment Co. The Japanese trading house is considering acquiring approximately a 20% interest in the Sentinel and Kansanshi mines for around $2 billion.
Investors are flocking to safe-haven currencies following the Kremlin"s nuclear doctrine announcement. The yen rose 0.5% against the dollar and 0.8% against the euro, reaching its highest level since October 4 at 161.50, despite a 7% decline since the beginning of the month. Traders remain vigilant for potential intervention from Japanese authorities as the yen weakened past the 156 per dollar mark for the first time since July.
Global markets reacted sharply to escalating U.S.-Russia tensions, with stocks falling and investors seeking safe-haven assets. Putin"s revised nuclear doctrine expands conditions for nuclear retaliation, coinciding with U.S. support for Ukraine"s use of long-range missiles, raising fears of potential escalation. Oil prices also dipped despite the conflict"s intensifying nature.
Japanese game developers face a challenging landscape marked by rising development costs, a shrinking mobile game market, and increased competition from foreign developers. The transition to 9th generation consoles is limited by a low installed base, while the mobile market has reverted to pre-Covid levels, threatening traditional titles. As foreign developers invest in understanding the Japanese market, the competitive dynamics are shifting, posing significant risks to local developers.
In September 2024, iRhythm Technologies received regulatory approval in Japan for its Zio fourteen-day ECG monitoring system, aiming for reimbursement from the Ministry of Health. The electro-medical market is projected to grow at a CAGR of 6.4% from 2025 to 2030, driven by advancements in diagnostic and therapeutic equipment. Key players include GE HealthCare, Siemens Healthineers, and Boston Scientific, with significant developments like Nihon Kohden"s new ventilator and Fujifilm"s MRI software enhancements.
Trump"s re-election and Republican control of Congress have significantly strengthened the U.S. dollar, with the Dollar Index rising 6.3% since late September. However, UBS Global Wealth Management warns that this strength may be temporary, predicting a gradual appreciation of the euro and advising investors to reduce dollar exposure while considering diversification strategies. Gold prices are expected to rise to $2,900 an ounce by September 2025, driven by geopolitical uncertainty and dedollarization efforts by global central banks.
Rio Tinto plc, a global leader in mining, reported 2022 net sales with iron ore constituting 59% of production, followed by aluminum, alumina, and bauxite at 24.9%. The company produced 283.2 Mt of iron ore, 54.6 Mt of bauxite, and 521.1 Kt of copper, with significant sales in China (54.3%) and the United States (15.9%).
Sony is reportedly in discussions to acquire Kadokawa, the Japanese media company known for the hit game "Elden Ring." This move aims to enhance Sony"s entertainment portfolio, with a potential deal expected in the coming weeks. Kadokawa"s shares have reached the daily limit of 3,745 yen.
Sony Group Corp. is reportedly in discussions to acquire Japanese content publisher Kadokawa Corp., with a potential deal expected in the coming weeks. Following the news, Sony"s shares declined, while Kadokawa"s stock surged to the upper daily limit. A spokesperson for Sony declined to comment on the matter.
Japan and China significantly reduced their holdings of US Treasuries in the third quarter, with Japan selling a record $61.9 billion and China offloading $51.3 billion. This selling spree was driven by concerns over President-elect Trump"s economic policies and rising US yields, which heightened geopolitical risks and investor sentiment.
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.