JGB Futures Fall, Tracking Declines in U.S. Treasury Market
JGB futures fell in the early Tokyo session, tracking Friday's price declines in the U.S. Treasury market.
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EUR/USD to 1.40 is Feasible Overshoot: 3-Minute MLIV
Anna Edwards, Guy Johnson and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
Yahoo
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EVONET Launches Cross-Border Wallet Connectivity Service in Partnership with au PAY
— Enabling WeChat Pay Users to Pay at au PAY Merchants in Japan SINGAPORE, June 10, 2025 /PRNewswire/ -- EVONET Global Pte., Ltd. (Headquarters: Singapore, hereafter "EVONET") has launched a cross-border mobile wallet interoperability service in partnership with KDDI Corporation (Headquarters: Chiyoda-ku, Tokyo, hereafter "KDDI") and Tenpay Payment Technology Co., Ltd. (Headquarters: Shenzhen, China, hereafter "Tenpay"). In the first phase of this initiative, more than 1.4 billion WeChat users from China can make payments by WeChat Pay (Weixin Pay) at au PAY-affiliated stores across Japan by simply scanning the QR codes installed at the stores (MPM method: Merchant-Presented Mode). This enables inbound travelers from China to enjoy a seamless payment experience across Japan using their familiar WeChat app, without worrying about language or currency barriers. Japan welcomes tens of millions of inbound tourists annually, but differences in payment systems have been a significant inconvenience. With this collaboration, merchants do not need to install new systems or make complex configuration changes, enabling them to easily accept WeChat Pay users and capture inbound demand. "This marks the first time that KDDI is opening its au PAY merchant network to non-Japanese users. EVONET provides the technological platform that underpins this global collaboration, serving as a hub to address the complexities of international payment infrastructure." said James Zhao, chief executive officer of Evonet Global Pte., Ltd. Going forward, EVONET plans to expand its network by partnering with more mobile wallet providers across Asia. In addition to the MPM method, the company also plans to support the CPM method (Consumer-Presented Mode), where merchants scan the user's QR code, enabling more flexible payment options suited to various business types. EVONET aims to build an open network that allows multiple wallet operators to connect seamlessly across countries and regions, enabling users to pay easily using their regular mobile apps wherever they are. In the future, the company also envisions enabling Japanese users to make outbound payments at overseas merchants using their domestic mobile wallets, thereby enhancing global payment convenience. EVONET will continue to serve as a global bridge in mobile payments, delivering more seamless and valuable payment experiences for both users and merchants. About EVONET GLOBAL PTE., is a network service provider headquartered in Singapore, jointly planned and promoted by Shanghai CardInfoLink Data Service Co., LTD. The company provides merchant network access services for various mobile code payment wallets around the world. In addition to transaction processing between wallets and acquiring operators, EVONET also performs settlement and currency conversion to realize cross-border QR code payments. Future services will include international remittance and wallet top-up features. Media Contact:David Thoms | Marketing Manager+852 2663 3068 | media@ Learn more: View original content: SOURCE EVONET GLOBAL PTE LTD
Yahoo
an hour ago
- Yahoo
Expat reveals astounding detail on street of city with '30 million people'
When visiting any city with a large population, most travellers would expect to jump off public transport and instantly be hit with a barrage of sights and sounds. However, one US expat living in China has revealed the incredible – and quite different – reality emerging in the county while on a recent visit to a neighbouring city. US citizen Garrett took a trip to the city of Suzhou, about an hour from his home in Shanghai. Arriving there, he was left astounded while standing beside the road because, despite cars and motorbikes zooming past, there was virtually no traffic noise. "Quite a busy intersection but super quiet," he told Yahoo News of the surprising moment, which highlights just how successful the uptake of electric vehicles has been in the Asian economic powerhouse. "The silence on the streets is fantastic; even in a city of 30 million people, the streets are incredibly calm," he said. For Garrett, he's seen firsthand that it's hard for Westerners to understand why this has happened. "As I have seen in China, sustainability isn't political at all; it's a widely acknowledged necessity for the planet and for economics," he said, explaining that EV-driving "isn't cool, it's just normal". In 2024, China sold nearly 13 million fully electric and hybrid vehicles, meaning EVs accounted for 40 per cent of total sales in the Chinese market. The number of sales is four times as many as the United States. In Australia, that figure was just 114,000 in the same time frame, according to the Electric Vehicle Council. Australians are continuing to buy more electric vehicles than ever before, according to recent sales records. But traditional brands like Toyota and Ford still dominate new car sales, with Toyota topping the charts for an incredible 23 years. 🚙 Drivers 'completely unaware' of little-known road rule attracting $6,000 fines 🔌 Hundreds of Teslas in Aussie car park exposes grim truth for Elon Musk 🔋 Solution to hazardous electric vehicle 'problem' in major Aussie city Garrett said his Chinese colleagues are more surprised to hear that someone doesn't drive an EV. "Many of my colleagues have EVs, and when I pointed that out, they responded with 'oh, yeah, don't you drive one?'," he said. "In my view, I think it's because people don't seem to politicise sustainability." This was laid bare as US President Donald Trump and Tesla CEO Elon Musk exchanged in a very public back-and-forth earlier this week, signalling their relationship may well be over. The Tesla boss criticised the president's 'Big Beautiful Bill' aimed to fast-track policy around spending, revenue and the debt ceiling, which would see electric vehicle subsidies scrapped in the US. "I don't believe America will get to the level China is at ever without significant political change," Garrett said. "And as America is a very individualistic culture, it will be very hard to sell the public on the benefit to the greater society. Most people I know in China just say 'Well, driving EVs is better for everyone and the government supports that'." China is leading the way with EV uptake largely due to government support through subsidies and tax breaks. Licence plates for regular cars with internal combustion engines face long waits and high costs to get the plates, but for EVs it's free. Homegrown support has helped Chinese automakers expand across the world, with countless new models hitting the market in Australia and worldwide seemingly every month. BYD took the world by storm when photos of its fleet of car carriers recently emerged. The brand, commonly seen on Aussie roads, is moving with "unprecedented speed" to overtake US rival Tesla as the global leader in electric vehicles. Car expert Paul Maric recently returned from the Shanghai International Automobile Industry Exhibition, where Chinese car brands displayed their latest innovations. "China is on another level entirely," he told Yahoo News recently. "Anyone in Australia who thinks they're just going to go away sometime soon is in for a shock. "I think eventually it will just lead to cars becoming more affordable," he said of the growing expansion of the Chinese industry. Do you have a story tip? Email: newsroomau@ You can also follow us on Facebook, Instagram, TikTok, Twitter and YouTube.
