Nikada/E+ via Getty Images Asian stocks were mixed on Friday, with broader market sentiment turning lower with a tech downturn on Wall Street. Gold firmed around $5,190 per ounce, following a two-day gain and on track for a fourth consecutive weekly rise. Silver climbed nearly 2% toward $90
Nikada/E+ via Getty Images Asian stocks were mixed on Friday, with broader market sentiment turning lower with a tech downturn on Wall Street. Gold firmed around $5,190 per ounce, following a two-day gain and on track for a fourth consecutive weekly rise. Silver climbed nearly 2% toward $90
TOPSHOT - A Super Mario character is pictured at a Nintendo display ahead of the launch of the company's Switch 2 console, an electronics store in the city of Nagoya, Aichi prefecture on June 2, 2025. Richard A. Brooks | Afp | Getty Images Nintendo plans an unwinding of strategic shareholdings that would see companies including MUFG Bank and the Bank of Kyoto selling shares of the "Super Mario" ma...
TOPSHOT - A Super Mario character is pictured at a Nintendo display ahead of the launch of the company's Switch 2 console, an electronics store in the city of Nagoya, Aichi prefecture on June 2, 2025. Richard A. Brooks | Afp | Getty Images Nintendo plans an unwinding of strategic shareholdings that would see companies including MUFG Bank and the Bank of Kyoto selling shares of the "Super Mario" maker, according to three sources familiar with the situation. The sale is expected to total roughly 300 billion yen ($1.9 billion) and Nintendo could make a decision as soon as Friday, two of the sources said. The Kyoto-based gaming company also plans a buyback, the sources said. Reuters is reporting Nintendo's plan for the first time. Nintendo did not respond to a request for comment. The sources declined to be identified as the information is not public. Nintendo's shares pared gains and were up 2.4%. Both banks have set out policies to reduce cross-shareholdings. A 2019 sale of Nintendo's shares, in which they and others participated, totalled some 71 billion yen. The Bank of Kyoto, a regional lender, held a 4.19% stake in Nintendo as of September last year. MUFG Bank, Japan's largest, had a 3.62% stake, which is held by a trust bank. Mitsubishi UFJ Financial Group declined to comment and Kyoto Financial Group did not respond to a request for comment. Kyoto Financial's shares jumped 9%. Regulators and the Tokyo Stock Exchange have been encouraging Japanese companies to unwind their cross-shareholdings. Toyota is planning an unwinding of strategic shareholdings that would involve banks and insurers selling around $19 billion of its shares, Reuters reported on Thursday. The practice, which involves firms holding shares in each other to cement business ties, has been criticised by governance experts and overseas investors as insulating management from shareholders. Although the practice has been widespread in Japan for decades, it is less common in the West.
Thailand is eyeing a billion-dollar tourist bounce over the next five years from hosting Tomorrowland, which makes its Asia debut in December. An estimated 150,000 young ravers are expected to flood the resort city of Pattaya for the world’s largest electronic music festival. For years a touchstone of global tourism, the kingdom recently has seen its popularity wane as the strong baht deters some ...
Thailand is eyeing a billion-dollar tourist bounce over the next five years from hosting Tomorrowland, which makes its Asia debut in December. An estimated 150,000 young ravers are expected to flood the resort city of Pattaya for the world’s largest electronic music festival. For years a touchstone of global tourism, the kingdom recently has seen its popularity wane as the strong baht deters some travellers while regional rivals Vietnam and Malaysia gobble up market share. To turn the trajectory...
Falling returns, investment exit worries, longer holding periods and tougher fundraising conditions are hobbling the private equity industry, with experts warning that only the strongest will survive. According to a report by Bain & Co , private equity delivered low payouts to investors for a fourth consecutive year, weighed down by roughly 32,000 unsold companies worth about $3.8 trillion. It's t...
Falling returns, investment exit worries, longer holding periods and tougher fundraising conditions are hobbling the private equity industry, with experts warning that only the strongest will survive. According to a report by Bain & Co , private equity delivered low payouts to investors for a fourth consecutive year, weighed down by roughly 32,000 unsold companies worth about $3.8 trillion. It's taking longer to sell these businesses: about seven years on average now, compared with five to six years between 2010 and 2021, the report released Monday said, adding that exit volumes dropped by 2% last year. "It's a very bumpy road right now for PE firms," said Romain Bégramian, managing partner at GP Score, which evaluates and verifies private equity firms' value-creation capabilities. "Finally the long needed Darwinian selection is taking place." Going extinct definitely is going to happen for some of [the smaller funds] GP Score Romain Bégramian Private equity firms returned only about 14% of the money they're managing back to investors in 2025, lowest since the 2008-09 global financial crisis The industry has been grappling with weak exits and stubbornly low distributions to fund investors, known as limited partners, mounting pressure on fund managers to prove if they can still create value. Fundraising has become increasingly concentrated among established brands with smaller or emerging managers struggling to secure commitments for new vehicles, even as they hold onto aging portfolio companies bought near peak valuations during the low interest rate, liquidity-fueled 2021–2022 easy-money boom, market watchers told CNBC. "Based on the current environment, where we are seeing many funds, big or small, struggle to raise capital, there will be many managers who have raised their last fund; they just don't know it yet," said Kyle Walters, senior analyst at private market data provider PitchBook. "And those in the former camp will likely wind down quietly, and that will ...
South Korea said it will grant conditional approval to Google ’s request to transfer high-precision map data overseas, marking a significant shift in a long-running policy dispute over digital sovereignty and national security. Google Maps has long offered limited functionality in South Korea because of restrictions on exporting detailed geographic data, a policy rooted in security concerns. In re...
South Korea said it will grant conditional approval to Google ’s request to transfer high-precision map data overseas, marking a significant shift in a long-running policy dispute over digital sovereignty and national security. Google Maps has long offered limited functionality in South Korea because of restrictions on exporting detailed geographic data, a policy rooted in security concerns. In recent years, the issue has become a flash point in broader trade talks with Washington, which has accused Seoul of discriminating against US tech companies. In a landmark decision Friday, the government said in a statement that it would allow Alphabet Inc.’s Google to export 1:5,000-scale digital map data, paving the way for improved navigation and location-based services, while maintaining oversight of sensitive information. Seoul said it would attach strict security conditions to the deal, especially in connection to military bases and other sensitive facilities. The conditional approval signals a recalibration under President Lee Jae Myung administration as it seeks to balance security priorities with ambitions to position South Korea as a digital and artificial intelligence hub. The country is home to two of the world’s top chipmakers, Samsung Electronics Co. and SK Hynix . The issue has been contentious for nearly two decades. Google first made a formal request in 2007, and South Korea has repeatedly rejected it on national security grounds. South Korea remains technically at war with North Korea, as the 1950-53 Korean War ended in an armistice rather than a peace treaty. Under existing rules, foreign companies are required to store detailed map data on servers located in South Korea. That policy has limited Google Maps’ precision compared with local rivals such as Naver Corp. and Kakao Corp. , which can provide more detailed navigation services under domestic regulations. The shift from rejection to security-based carve-outs marks a pragmatic middle ground. It attempts...
Google Maps has long offered limited functionality in South Korea because of restrictions on exporting detailed geographic data, a policy rooted in security concerns. In recent years, the issue has become a flash point in broader trade talks with Washington, which has accused Seoul of discriminating against US tech companies.
Google Maps has long offered limited functionality in South Korea because of restrictions on exporting detailed geographic data, a policy rooted in security concerns. In recent years, the issue has become a flash point in broader trade talks with Washington, which has accused Seoul of discriminating against US tech companies.
XPeng Inc. (NYSE:XPEV) is one of the best transportation stocks to buy according to Wall Street analysts. On February 8, JPMorgan cut the price target on XPeng Inc. (NYSE:XPEV) to $34 from $50 while maintaining an Overweight rating on the shares. The firm told investors that it sees the auto industry in China underperforming in […]
XPeng Inc. (NYSE:XPEV) is one of the best transportation stocks to buy according to Wall Street analysts. On February 8, JPMorgan cut the price target on XPeng Inc. (NYSE:XPEV) to $34 from $50 while maintaining an Overweight rating on the shares. The firm told investors that it sees the auto industry in China underperforming in […]