E-Learning

Japan's Nomura committed to growth of US business, CEO says

TOKYO (Reuters) -Nomura Holdings, Japan's largest investment bank and brokerage, is committed to growing its business in the United States despite recent market volatility, its chief executive said on Friday. The announcement of sweeping tariffs in April triggered market turbulence and led some investors to sell down U.S. assets as they question U.S. financial dominance and safety. "Although America can be said to be the epicentre of the market volatility surrounding global tariff negotiations, the U.S. is the most important area rich in business opportunities," CEO Kentaro Okuda said at an investor relations event in Tokyo.

Read more

Gold falls as traders await US data for clues to tariff impacts

(Bloomberg) -- Gold fell, putting it on track for an almost 2% weekly loss, amid a technical pullback in prices ahead of key US economic data. Most Read from BloombergNYC Congestion Toll Brings In $216 Million in First Four MonthsThe Economic Benefits of Paying Workers to MoveNow With Colorful Blocks, Tirana’s Pyramid Represents a Changing AlbaniaNY Wins Order Against US Funding Freeze in Congestion FightWhy Arid Cities Should Stick TogetherThe precious metal fell as much as 0.8% on Friday, as i

Read more

Asian shares mostly decline as uncertainty grows about what's next with Trump's tariffs

Asian shares were mostly lower Friday as uncertainty grew about what will happen next after a U.S. court blocked many of President Donald Trump’s sweeping tariffs. Japan's benchmark Nikkei 225 lost 1.1% in afternoon trading to 38,022.62. Government data showed Tokyo core inflation, excluding fresh food, rising to a higher-than-expected 3.6% in May. Some analysts say that makes it more likely the Bank of Japan will raise interest rates.

Read more

Asian shares mostly decline as uncertainty grows about what's next with Trump's tariffs

Asian shares were mostly lower Friday as uncertainty grew about what will happen next after a U.S. court blocked many of President Donald Trump’s sweeping tariffs. Japan's benchmark Nikkei 225 lost 1.1% in afternoon trading to 38,022.62. Government data showed Tokyo core inflation, excluding fresh food, rising to a higher-than-expected 3.6% in May. Some analysts say that makes it more likely the Bank of Japan will raise interest rates.

Read more

China Hedge Fund Buying April Dip Extends Decade Gain to 1,485%

(Bloomberg) -- A Chinese hedge fund that bought the dip in April when the nation’s stocks plunged on fresh US tariffs has jumped 20% this year, extending its total return since inception a decade ago to 1,485%.Most Read from BloombergNYC Congestion Toll Brings In $216 Million in First Four MonthsThe Economic Benefits of Paying Workers to MoveNow With Colorful Blocks, Tirana’s Pyramid Represents a Changing AlbaniaNY Wins Order Against US Funding Freeze in Congestion FightWhy Arid Cities Should St

Read more

New Zealand's interest rates in neutral zone, data to decide next move, central bank official says

SYDNEY (Reuters) -New Zealand's interest rates are in the 2.5%-3.5% neutral band, with past policy easing yet to flow through to the economy to make future moves more dependent on how the economy evolves, a senior central banker said on Friday. In an interview with Reuters, Reserve Bank of New Zealand Assistant Governor Karen Silk highlighted the enormous global trade uncertainties, but the central projection is for the economy to recover on the back of past easing, offsetting some trade risks. The RBNZ cut interest rates by 25 basis points to 3.25% on Wednesday but signaled it might be nearing the end of the easing cycle, having cut rates by a whopping 225 bps since August.

Read more

Stocks slip, dollar sags as Trump tariffs remain after latest courtroom twist

TOKYO (Reuters) -Stocks slipped in Asia on Friday and the U.S. dollar drooped with Treasury yields as investors digested an appeals court decision to keep President Donald Trump's tariffs in effect, a day after markets rallied on a ruling to block most of them. Japan's Nikkei attracted sellers, following a nearly 2% rally on Thursday, with moves in the exporter-heavy index exacerbated by the ebb and flow in demand for the safe-haven yen. The United States Court of Appeals for the Federal Circuit in Washington temporarily reinstated Trump's duties on Thursday while it considers the government's appeal.

Read more

Dollar poised for fifth monthly drop on trade, fiscal uncertainty

The greenback had a choppy week, ending lower in the previous session after a federal court temporarily reinstated the most sweeping of President Donald Trump's tariffs, just a day after another court had ordered an immediate block on them. Trump on Thursday said he hoped the Supreme Court would overturn the trade court's decision, while officials also indicated that they could employ other presidential powers to ensure the tariffs take effect. The uncertainty around tariffs has taken a vice-like grip on markets as investors flee U.S. assets looking for alternatives, worried that Trump's erratic policies could challenge the strength and outperformance of U.S. markets.

Read more