Tokyo Metro Sets Stage for Japan’s Largest IPO in Six Years
Tokyo Metro Co. announced on Monday a provisional price range for its upcoming initial public offering, which is set to be Japan's largest in six years.
Articles for category: Business
Iron Ore Rises on Anticipation of China’s Economic Stimulus Announcement
Iron ore prices surged again, building on two significant weekly gains. This comes as speculation mounts that China's top economic planner will announce new stimulus measures on Tuesday. Meanwhile, other industrial metals remained mostly steady.
Hedge Funds Turn Bullish on Yen Amid Dovish Prime Minister Comments
Hedge funds recently shifted to a bullish stance on the yen, anticipating positive outcomes. However, just as Japan's new prime minister made dovish comments, a strong US jobs report emerged. This combination triggered a sharp decline, marking the yen's worst week since late 2009.
Middle East Tensions Offset Strong US Jobs Data, Equity Markets Retreat
European equities have wiped out earlier gains, while US equity futures have fallen as rising tensions in the Middle East dampen optimism about the US economy. This comes after Friday's robust jobs data, which initially fueled market hopes.
Oil Prices Stabilize Amid Tensions Over Israel-Iran Conflict
Oil prices recovered after dipping earlier, as the market awaited Israel's possible response to a missile attack from Tehran last week. President Joe Biden has urged against striking Iran's oil fields.
Rio Tinto Seeks Arcadium Lithium in Push for Energy Metals Expansion
Rio Tinto Group has approached Arcadium Lithium Plc for a potential takeover, as both companies confirmed on Monday. This move highlights a renewed focus on growth within the mining sector, as major companies seek to boost their presence in energy-transition metals.
South Korea Pursues FTSE Russell Inclusion as India Gains Investor Favor
South Korea has successfully met all the criteria to get its bonds added to a key FTSE Russell index. Meanwhile, India has avoided significant public reforms but remains popular with global investors. This popularity could give India an advantage in joining a related benchmark.
Oil Futures Surge as Options Market Sees Big Frenzy
Oil futures saw their biggest gain in over a year last week, driving a frenzy in the options market. Traders reacted strongly, underscoring rising demand and concerns over supply disruptions.
Commodities Surge: Conflict and Climate Drive Prices Higher
Commodities are on the rise due to ongoing conflicts in the Middle East and Ukraine, along with wild weather and supply chain issues. Gold prices have surged, making Brent crude cheaper when bought with bullion. Additionally, concerns over Brazil's corn crop are pushing grain prices higher.
Adani’s CFO shares insights on short selling challenges faced
In recent developments, Adani's CFO shared insights on the challenges faced by the company, particularly regarding allegations made by short sellers. He discussed the pressure and scrutiny that come with being targeted in this way and highlighted the ongoing efforts to maintain investor confidence amidst the turmoil.
