Patience Capital Group (PCG), a Singapore-based investor, has made significant investments in Japan’s ski industry, particularly in the Myoko Kogen area in Niigata prefecture. The founder of PCG, Ken Chan, aims to transform Myoko Kogen into a luxury winter sports destination to rival top global ski resorts like Aspen and Whistler. However, the investment strategy
Economy
When examining the aftermath of the Credit Suisse banking crisis, it becomes evident that there are still substantial vulnerabilities in the banking system that need addressing. The significant takeover of Credit Suisse by UBS has created a financial behemoth in Switzerland, raising concerns about the resilience of the banking sector, and the adequacy of measures
Bitcoin experienced a decline to a one-week low in volatile trading on Friday, driven by profit-taking after reaching a record high and in response to an unexpected increase in U.S. inflation. The cryptocurrency fell over 5% during the Asian session, hitting a low of $66,629.96, before partially recovering to trade 3.5% lower. This fluctuation came
The U.S. stock market experienced a drop on Thursday, primarily due to chipmaker stocks extending losses for a second consecutive day. In addition, a significant increase in producer prices left investors wondering about the potential impact on future decisions by the Federal Reserve regarding interest rates. Rate-sensitive Sectors Take a Hit The data revealed that
The latest inflation gauge, along with the producer price index for February, is causing investors to closely monitor the economic data. The uptick in inflation, as seen in the consumer price index, has raised concerns about the potential for a rate cut by the Federal Reserve. The producer price index is particularly crucial as it
Bitcoin’s price surge has brought attention to its upcoming “halving” event, sparking debates about its significance. The halving involves a change in bitcoin’s blockchain technology to decrease the rate at which new bitcoins are created. Satoshi Nakamoto, the pseudonymous creator of bitcoin, designed it to have a capped supply of 21 million tokens, with the
In a surprising move, Toyota Motor has agreed to give factory workers their biggest pay increase in 25 years. This decision has set a precedent for other major companies in Japan, such as Panasonic, Nissan, and Nippon Steel, to follow suit. This significant pay raise comes at a time when the central bank is considering
China’s Xiaomi has made a bold move by announcing the start of deliveries for its first electric vehicle model, the SU7. This decision comes at a time when the electric vehicle market in China is experiencing a brutal price war. Xiaomi, known for being the country’s fifth-largest smartphone maker, revealed that it has 59 stores
As Asian share markets experienced a slight slowdown on Monday, the focus shifted towards the upcoming U.S. inflation report that could impact the timing of global rate cuts. Speculation regarding the potential actions of the Federal Reserve has been influenced by the anticipation of the consumer price index (CPI) for February. A rise of 0.4%
The recent approval of a $3.5 billion capital increase for IDB Invest, the private sector arm of the Inter-American Development Bank (IDB), signifies a crucial step towards addressing key challenges faced by the region. Ilan Goldfajn, the bank’s head, emphasized the importance of harnessing the power of the private sector to combat global issues such
China is set to complete a review of the years-long tariffs imposed on Australian wine by the end of March, according to Australian Trade Minister Don Farrell. These tariffs, which can be as high as 218%, were first introduced in 2021. Farrell expressed hope that China would lift these tariffs once the review is finished.
China continues to grapple with structural employment challenges, and the strain on the job market remains unabated, as highlighted by the country’s Minister of Human Resources. Despite a promising start to the year, particularly in the fields of artificial intelligence and big data, there is an impending surge in new college graduates in 2024. With