Putin’s Ukraine aims unchanged
U.S. intelligence sources indicate that Russian President Vladimir Putin still intends to take control of all of Ukraine and reclaim parts of Europe t...
Japanese stocks saw the largest foreign inflow in four weeks during the week ending 14 June, driven by optimism over U.S.-China trade talks and a weaker yen supporting exporters’ earnings.
According to finance ministry data, foreign investors purchased a net 473.4 billion yen ($3.26 billion) worth of Japanese stocks last week, marking the 11th consecutive week of foreign inflows into Japan’s equity market. This quarter, cross-border inflows into Japanese equities have reached approximately 7.34 trillion yen, positioning the market for its largest quarterly foreign investment in two years.
The Nikkei index hit a four-month high of 38,885.15 amid hopes for corporate reforms.
Additionally, a recent Bank of America survey named Japan as the most favored market in Asia.
Amid rising tensions in the Middle East, demand for safe assets pushed foreign purchases of Japanese government bonds to 434.5 billion yen for long-term bonds and 1.03 billion yen for short-term bills, the highest in eight weeks.
Meanwhile, Japanese investors increased their purchases of long-term foreign bonds by 1.57 trillion yen, the largest weekly net buy since mid-May.
Ukraine has welcomed the European Union’s decision to provide €90 billion in support over the next two years, calling it a vital lifeline even as the bloc failed to reach agreement on using frozen Russian assets to finance the aid.
European Union foreign policy chief Kaja Kallas has warned that attempts to reach a peace agreement in Ukraine are being undermined by Russia’s continued refusal to engage meaningfully in negotiations.
Petroleum products are being transported by rail from Azerbaijan to Armenia for the first time in decades. The move is hailed as a tangible breakthrough in efforts to normalise relations between the long-time rivals.
Chinese Foreign Minister Wang Yi has held a phone conversation with his Venezuelan counterpart Yvan Gil at the latter’s request.
A rare pair of bright-green Nike “Grinch” sneakers worn and signed by the late NBA legend Kobe Bryant have gone on public display in Beverly Hills, ahead of an auction that could set a new record for sports memorabilia.
Warner Bros Discovery’s board rejected Paramount Skydance’s $108.4 billion hostile bid on Wednesday (17 December), citing insufficient financing guarantees.
Ford Motor Company said on Monday it will take a $19.5 billion writedown and scrap several electric vehicle (EV) models, marking a major retreat from its battery-powered ambitions amid declining EV demand and changes under the Trump administration.
Iran has rolled out changes to how fuel is priced at the pump. The move is aimed at managing demand without triggering public anger.
U.S. stock markets closed lower at the end of the week, as investors continued to rotate out of technology shares, putting pressure on major indices.
The U.S. Federal Reserve’s Federal Open Market Committee (FOMC) cut its benchmark interest rate by 25 basis points to a range of 3.50% to 3.75% following its two-day policy meeting, according to an official statement issued on Wednesday, 10 December.
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