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Citigroup has appointed Akira Hoshino as the new head of markets for Japan. This move comes amid a landscape where trading in financial instruments and cryptocurrencies carries significant risks, including potential loss of investment. Investors are advised to thoroughly understand these risks and seek professional guidance.
Citigroup has appointed Akira Hoshino as the head of markets for Japan, effective immediately. Hoshino, who has over 30 years of global markets trading experience and previously led the foreign exchange and rates sales divisions, will focus on driving business growth in the region. He will report to Paul Smith and Robert Nakamura.
Citigroup has appointed Akira Hoshino as the new Head of Markets for Japan. The markets business operates in nearly 80 countries, providing a range of services including underwriting, sales, trading, and distribution across various asset classes such as commodities, equities, and rates.
Brazil's President Lula began a four-day state visit to Japan, accompanied by a 100-member business delegation, to strengthen trade ties amid US tariffs. Discussions with Prime Minister Ishiba will focus on biofuels and reaffirming commitments to free trade, while also addressing Brazil's increasing reliance on China. Lula's visit marks a significant effort to diversify Brazil's trade relationships, particularly in the Asia-Pacific region.
Warren Buffett is strategically withdrawing from the American market, selling significant shares in Bank of America and Apple, while increasing investments in five major Japanese trading houses. This shift reflects a growing confidence in Japan's economy amid concerns over the American economic outlook, as Berkshire Hathaway's cash reserves reach a record $334 billion. Buffett plans to maintain and potentially increase his stakes in these Japanese companies, aligning with his long-term investment philosophy.
India's GDP has surged by 77% over the past decade, reaching $4.3 trillion and positioning the country to surpass Japan in 2025 and Germany by 2027. This growth is attributed to the leadership of Prime Minister Narendra Modi and his government's economic reforms, making India the fastest-growing major economy.In contrast, China experienced a 74% GDP growth, increasing to $19.5 trillion, but has faced challenges that hindered its earlier projections of overtaking the U.S. as the largest economy.
Warren Buffett's Berkshire Hathaway has shifted its strategy by selling $5.5 billion worth of Bank of America shares and accumulating a $334 billion cash position. The firm has increased its stakes in five Japanese trading houses, reflecting a long-term investment approach, with plans to gradually raise ownership while maintaining a commitment to support their boards.
BNP Paribas Exane has revised its price target for Micron Technology to $75 from $70 while maintaining an underperform rating. Micron specializes in semiconductors, with a diverse product range including memory products and systems, and generates significant sales from IT infrastructure and mobile devices. The company operates 11 manufacturing sites globally, with the majority of its net sales coming from the United States.
Japanese companies have agreed to a 5.4% wage increase this year, according to the latest figures from the country's largest union group, Rengo. This marks the highest pay hike in 34 years, although slightly lower than the preliminary estimate of 5.46%. Rengo aims to extend this momentum to smaller firms as negotiations continue.
South Korea's early March export data showed recovery from lunar new year distortions, driven by ships and chips, though consumer sectors lagged. In the US, job losses linked to trade taxes are reported, raising concerns about potential economic impacts if unemployment fears grow. Meanwhile, Japan's February consumer price data indicated slower inflation, and the Bank of England's Governor highlighted economic uncertainty, with the ONS suspending producer price data due to reliability issues.
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Citigroup names Akira Hoshino as new head of markets in Japan
05:49 25.03.2025
citigroup names akira hoshino as head of markets for japan
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