{
}
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.
Shares of Zensho Holdings Co., operator of the Sukiya beef bowl chain, surged by 7.7% in Tokyo following the announcement of a price increase for about 60% of its menu items, effective November 22. This decision comes in response to rising Japanese rice prices and follows a previous price hike seven months ago due to increased material, labor, and energy costs.
Japan and China significantly reduced their holdings of US Treasuries in the third quarter, just before the presidential election. Japanese investors sold a record $61.9 billion, while Chinese funds offloaded $51.3 billion, marking the second-largest sale on record.
Asia-Pacific markets opened higher, buoyed by Wall Street gains and a Tesla rally, as investors await key speeches from Chinese financial officials at a summit in Hong Kong. The Reserve Bank of Australia is set to release minutes from its recent monetary policy meeting, where interest rates were held steady at 4.35%. Meanwhile, U.S. markets showed mixed results, with the Nasdaq rising 0.6% and the Dow Jones slipping 0.1%, amid concerns over the Federal Reserve"s rate cut trajectory.
The Nasdaq 100 index is testing a near-term wedge support at 20,354 after a 4% retracement, with Nvidia"s upcoming Q3 earnings expected to influence market direction. Meanwhile, gold prices are attempting to stabilize around the US$2,564 support level, while the USD/JPY pair shows signs of a potential higher low, maintaining an upward bias despite recent consolidation.
EUR/USD, EUR/JPY, and USD/JPY are facing pressure following comments from BoJ"s Ueda, who anticipates increased wage-driven inflation as the economy improves, though he did not specify a timeline for adjustments. EUR/USD is hovering above its two-year support zone, with potential downside targets at $1.0449 and $1.0423. Meanwhile, USD/JPY is consolidating around ¥153.88 after approaching its late May high, with support levels noted at ¥153.19 and ¥151.82.
SBI Digital Markets, UBS Asset Management, and Chainlink have successfully completed a pilot for automated fund administration using smart contracts, showcasing the potential of tokenized funds to enhance efficiency in the $132 trillion asset management industry. This initiative, part of Singapore's Project Guardian, demonstrates how existing fund processes can be adapted for blockchain technology, enabling real-time transparency and reduced operational costs. The solution is currently live on multiple blockchain testnets, with plans for mainnet deployment.
This week’s trading opportunity focuses on going long on gold, which has recently dropped 8% but is showing signs of a potential rebound. A stop loss is recommended below the late August low at $2,470, with an upside target set around $2,700 to $2,800.
Japanese Yen
Currency
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Sony in negotiations to acquire Kadokawa behind Elden Ring success
07:35 19.11.2024
y in talks to acquire kadokawa publisher in japan
07:01 19.11.2024
Japan and China significantly reduce US Treasury holdings before election
United States Dollar
Chinese Yuan
Japanese Yen
Republican Party
Mizuho Securities Co. Ltd.
JPN
CHN
Shoki Omori
Donald Trump
06:13 19.11.2024
Zensho shares rise as Sukiya announces price increase for menu items
04:36 19.11.2024
Japan and China sell record US Treasuries before presidential election
03:56 19.11.2024
asia-pacific markets rise as investors await key chinese financial summit
Chinese Yuan
Indian Rupee
South Korean Won
United States Dollar
Japanese Yen
UBS
The Goldman Sachs Group, Inc.
Tesla, Inc.
JPMorgan Chase & Co.
Raymond James Investment Management
JPN
AUS
KOR
CHN
USA
HKG
IND
Zhu Hexin
Li Yunze
Wu Qing
Jerome Powell
He Lifeng
Show more
00:45 19.11.2024
vidia earnings report could influence nasdaq 100 market direction
22:29 18.11.2024
boJ comments pressure euro and dollar pairs amid inflation concerns
22:19 18.11.2024
sbi digital markets and chainlink launch automated fund administration pilot program
Singapore Dollar
Japanese Yen
United States Dollar
SBI Group
Fidelity International Bond Index Fund FUND
UBS AG
Swift & Co.
SGP
JPN
Winston Quek
Sergey Nazarov
Show more
15:00 18.11.2024
gold trade opportunity signals potential rebound after recent decline
14:42 18.11.2024
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Global Trade Developments
Global Financial Events
Finance Mergers & Acquisitions
Banking Regulations
Retail and Consumer Goods
Startups & Entrepreneurship
Central Bank Actions
Industry Mergers & Acquisitions
Inflation and Monetary Impact
Market Analysis and Predictions
Government Economic Policies
CEO Changes
Government Policies
Domestic Politics
Workplace Trends
GDP Growth & Recession Forecasts
Financial Scams and Security
Countries:
Companies:
Apple Inc.
Tesla, Inc.
JPMorgan Chase & Co.
Barclays PLC
Deutsche Bank Money Market PP
The Goldman Sachs Group, Inc.
Credit Suisse Strategic Income I
Berkshire Hathaway Inc.
Banco Santander, S.A.
SpaceXCoin USD
Bank of America Corporation
UBS Group AG
Lloyds Banking Group plc
Amazon.com, Inc.
BNP Paribas SA
Morgan Stanley
NVIDIA Corporation
Wells Fargo & Company
Bank Frick AG
UniCredit S.p.A.
Currencies:
United States Dollar
Euro
Swiss Franc
British Pound Sterling
Japanese Yen
Indian Rupee
Chinese Yuan
Vietnamese Đồng
South Korean Won
Canadian Dollar
Australian Dollar
Thai Baht
New Taiwan Dollar
Singapore Dollar
Indonesian Rupiah
Mexican Peso
Cambodian Riel
Russian Ruble
Hong Kong Dollar
Offshore Chinese Yuan
People:
Donald Trump
Elon Musk
Warren Buffett
JD Vance
Sergio Ermotti
Mark Haefele
Robin Leopold
Olivier Calvet
Troy L Rohrbaugh
Jennifer Piepszak
Karoline Leavitt
Ursula von der Leyen
Susan P. Crawford
Scott Bessent
Stacey Friedman
Jeff Bezos
George Saravelos
Alex Kramm
Francois Xavier Bouvignies
Joseph Spak