Japan’s five-year government bond auction drew stronger demand than its 12-month average on receding expectations of a possible rate hike by the Bank of Japan amid ongoing uncertainties surrounding the Iran war. The bid-to-cover ratio at the sale was 3.69 compared with 3.10 at the last auction and a 12-month average of 3.44. Japan’s bond futures pared losses after the auction. The surge in oil pri...
Japan’s five-year government bond auction drew stronger demand than its 12-month average on receding expectations of a possible rate hike by the Bank of Japan amid ongoing uncertainties surrounding the Iran war. The bid-to-cover ratio at the sale was 3.69 compared with 3.10 at the last auction and a 12-month average of 3.44. Japan’s bond futures pared losses after the auction. The surge in oil prices combined with a weakening yen raises the risk that Japan will slide into stagflation, prompting the government to ramp up fiscal spending and complicating moves to tighten by the central bank. The five-year yield, which is sensitive to monetary policy expectations, is trading around 1.64%. BOJ Governor Kazuo Ueda warned that the Iran conflict could have a major impact on the nation’s economy, suggesting he has little appetite to raise the benchmark rate when the bank delivers its policy decision on March 19. The central bank is still on track to raise interest rates, with the possibility of April not ruled out, as officials continue to monitor the impact of Middle East tensions, according to people familiar with the matter. Overnight index swaps show about a 60% chance of a move by April. A 30-year bond auction last week drew solid demand, underscoring resilient investor appetite despite the war. A 20-year debt sale next week will also be closely watched by investors as they gauge how the Middle East tensions may feed into Prime Minister Sanae Takaichi’s fiscal agenda.
Kaohsiung and Taichung mayors to embark on separate US visits today Staff writer, with CNA Kaohsiung Mayor Chen Chi-mai (陳其邁) is to lead a city delegation to the US starting today to engage with US industry, government and academia, and enhance the city’s role in the global high-tech supply chain, the city government said yesterday. In a statement, the city government said the trip would focus on ...
Kaohsiung and Taichung mayors to embark on separate US visits today Staff writer, with CNA Kaohsiung Mayor Chen Chi-mai (陳其邁) is to lead a city delegation to the US starting today to engage with US industry, government and academia, and enhance the city’s role in the global high-tech supply chain, the city government said yesterday. In a statement, the city government said the trip would focus on deepening the strategic partnership between Kaohsiung and the state of Arizona, specifically regarding advanced semiconductor manufacturing. The delegation’s first stop is to be Arizona, where they are to meet with various stakeholders to discuss semiconductor and advanced manufacturing cooperation, the statement said. Kaohsiung Mayor Chen Chi-mai is pictured at an event in Kaohsiung yesterday. Photo: Wang Jung-hsiang, Taipei Times The second leg of the trip is to take the delegation to San Jose, California, for the annual GPU Technology Conference (GTC) hosted by Nvidia Corp from Monday to Thursday next week, where Chen is expected to meet with company executives to discuss deeper technological cooperation under the “Smart Kaohsiung Lighthouse Project," it said. Chen said Kaohsiung is at a critical juncture in its transformation toward digitalization and net-zero emissions. From the advanced semiconductor processes led by Taiwan Semiconductor Manufacturing Co to artificial intelligence applications driven by Nvidia, Kaohsiung has established an indispensable role in the global semiconductor and artificial intelligence (AI) supply chain, he said in the statement. Taichung Mayor Lu Shiow- yen presides over a meeting in Taichung yesterday. Photo: Liao Yao-tung, Taipei Times During the visit, Chen is to hold discussions with US partners on semiconductor industry resilience, city-level sovereign AI governance and international talent cultivation, with the goal of strengthening Kaohsiung’s position in the global high-tech supply chain, the statement said. Separately, Taichung Ma...
Source: Nintendo Co. Nintendo Co. shares gained as much as 10.5% in their steepest climb since April as the surprise success of its new Pokémon game helped offset worries around rising memory costs. The rally comes as physical copies of Pokémon Pokopia, released exclusively for the Switch 2 console on March 5, have sold out at several major retailers in the US. Most Read from Bloomberg Switch 2 mo...
The Alibaba engineer behind Qwen who walked away Lin Junyang , a technical lead behind turning Alibaba Group Holding Ltd.’s Qwen into one of the world’s most popular open-source AI model series, has left the company in a sudden departure that rattled China’s AI sector and raised questions about talent retention inside one of the country’s biggest tech companies.
The Alibaba engineer behind Qwen who walked away Lin Junyang , a technical lead behind turning Alibaba Group Holding Ltd.’s Qwen into one of the world’s most popular open-source AI model series, has left the company in a sudden departure that rattled China’s AI sector and raised questions about talent retention inside one of the country’s biggest tech companies.
Key Points Oil prices have risen dramatically and fallen dramatically in a very short period of time. Geopolitical conflict is the easy explanation, but long-term investors need to think more deeply about the price swings. 10 stocks we like better than Chevron › The news headlines are filled with moment-by-moment coverage of the current geopolitical conflict in the Middle East. And oil price volat...
Key Points Oil prices have risen dramatically and fallen dramatically in a very short period of time. Geopolitical conflict is the easy explanation, but long-term investors need to think more deeply about the price swings. 10 stocks we like better than Chevron › The news headlines are filled with moment-by-moment coverage of the current geopolitical conflict in the Middle East. And oil price volatility, as you might expect, has dramatically increased. If you are a long-term investor, you need to consider this issue in a broader context. And that context highlights why most investors should stick with diversified energy industry giants like ExxonMobil (NYSE: XOM) and Chevron (NYSE: CVX). The clear answer isn't the real answer It seems fairly obvious that oil prices have spiked and fallen entirely because of news surrounding the geopolitical conflict in the Middle East. And, to some extent, that is absolutely true. However, before this conflict, there was uncertainty surrounding the unfolding geopolitical events in Venezuela, which came and went. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » The reason oil price volatility has become an issue is traders' emotions. As with any market, when fear and greed are at play, prices can go haywire. The current oil price volatility, while shocking in some ways, is actually something investors should expect. It is just how the energy sector works. It is neither good nor bad; it is simply a fact of life that has repeatedly occurred. Prepare for oil volatility with Exxon and Chevron When oil prices rise dramatically, the biggest winners are likely to be pure-play producers. This is because their top- and bottom-lines are entirely driven by oil prices. However, when oil prices fall dramatically, the biggest losers are likely to be pure-play producers for the ver...