logo
Japan Bourse CEO Reappointed With Slimmer Vote as Rating Falls

Japan Bourse CEO Reappointed With Slimmer Vote as Rating Falls

Bloomberga day ago

By and Kentaro Tsutsumi
Save
Japan Exchange Group Inc. chief executive officer Hiromi Yamaji was re-elected with a smaller majority as his approval rating slid to the lowest ever and the bourse operator's shares underperformed the market benchmark.
The still-overwhelming majority of 82.11% voted in favor of his reappointment at the annual general meeting held last week, according to a filing on Tuesday. Even so, it was lower than last year's 94.09% and below the 88.88% polled in 2023.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

China Tightens Controls on Fentanyl but Calls It a U.S. Problem
China Tightens Controls on Fentanyl but Calls It a U.S. Problem

New York Times

time23 minutes ago

  • New York Times

China Tightens Controls on Fentanyl but Calls It a U.S. Problem

China has strengthened controls on two chemicals that can be used to make fentanyl, its latest step in addressing an issue that has become tangled in its broader trade dispute with the United States. The Trump administration has accused Beijing of not doing enough to stem the flow of fentanyl, a powerful synthetic opioid, into the United States, where it kills tens of thousands of Americans each year. Earlier this year, the administration cited the issue as it imposed tariffs totaling 20 percent on Chinese goods. This week, six Chinese government agencies said they had added two chemicals, 4-piperidone and 1-Boc-4-piperidone, to a list of so-called precursor chemicals, or base ingredients, for fentanyl that would be more strictly controlled, according to a joint statement. The move 'demonstrates China's sincerity in wanting to work with the United States on this issue,' said Yun Sun, the director of the China program at the Stimson Center, a Washington research institute. The new restrictions, which take effect on July 20, were announced days after China's minister of public security, Wang Xiaohong, met with David Perdue, the recently appointed U.S. ambassador to China, in Beijing last week to discuss efforts to fight drug trafficking. The United States has accused Chinese producers of supplying drug cartels with the ingredients to make fentanyl, which the cartels smuggle into the United States. China has maintained, however, that it is not responsible for America's fentanyl crisis, which it says is rooted in the abuse of prescription painkillers and ineffective regulation in that country. 'We've repeatedly made it clear that fentanyl is the United States' problem, not China's,' Guo Jiakun, a spokesman for China's Foreign Ministry, said on Tuesday. 'It's the United States' responsibility to solve the issue.' The tariffs imposed by the Trump administration over fentanyl are still in place, even though overall levies on Chinese goods came down to 55 percent from 145 percent or more in May, after the two countries agreed to a truce in their trade war. Chinese restrictions on its exports of crucial minerals recently threatened to derail that détente, but President Trump and China's top leader, Xi Jinping, agreed to revive trade talks during a call this month. The two leaders also discussed the possibility of meeting in China. Wu Xinbo, the dean of the Institute of International Studies at Fudan University in Shanghai, said that China would like to host Mr. Trump, but that it depended on progress made on disputes over trade and issues like fentanyl. Another option, Mr. Wu said, could be for the two leaders to meet on the sidelines of the annual Asia-Pacific Economic Cooperation summit in Seoul, which starts in late October. Mr. Xi usually attends the summit, and American presidents have typically done so, but neither leader has said whether he will participate in this one. Berry Wang contributed research.

Asian shares gain as investors shift focus to Federal Reserve, tariffs
Asian shares gain as investors shift focus to Federal Reserve, tariffs

Washington Post

time24 minutes ago

  • Washington Post

Asian shares gain as investors shift focus to Federal Reserve, tariffs

BANGKOK — Asian shares have logged modest gains after U.S. stocks climbed to near their all-time high as investors considered comments by Federal Reserve Chair Jerome Powell to Congress. Oil prices gained more than 1% early Wednesday after falling about 6% on Tuesday on hopes that Israel's war with Iran will not hinder the global flow of crude. Lower oil prices could give the Federal Reserve leeway to cut interest rates to help the economy, and Powell said it is waiting for the right time to do so.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store