
Nomura Shareholders Reject Proposal to Change Company Name
Investors also voted in favor of retaining Chief Executive Officer Kentaro Okuda and Chairman Koji Nagai as board members, the company said on its website. The decisions were made at an annual shareholders' meeting in Tokyo on Tuesday.
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Dollar drifts as investors ponder Fed independence ahead of Powell speech
By Ankur Banerjee SINGAPORE (Reuters) -The U.S. dollar drifted on Thursday as investors fretted about the Federal Reserve's independence after yet another attack from President Donald Trump ahead of remarks from Chair Jerome Powell later this week that could influence the outlook for rates. Trump called on Fed Governor Lisa Cook to resign on the basis of allegations made by one of his political allies about mortgages she holds in Michigan and Georgia, intensifying his effort to gain influence over the U.S. central bank. Cook said she had "no intention of being bullied to step down" from her position at the central bank. Trump has also told aides he is considering trying to fire Cook, the Wall Street Journal reported on Wednesday. "It has the potential to raise questions around the Fed's oversight and regulatory functions but it has little to no near-term monetary policy implications," said Prashant Newnaha, senior Asia-Pacific rates strategist at TD Securities. That explained the relatively muted reaction in the currency markets to the news as the dollar initially dipped on the news but was mostly calm into the Asian session. The Japanese yen held onto gains made in previous sessions and was little changed at 147.41 per dollar, while the euro was steady at $1.1642. Sterling last fetched $1.34535. That left the dollar index, which measures the U.S. currency against six other peers, steady at 98.301. Trump has repeatedly criticised Powell for being too slow to cut rates, stoking investor worries about the central bank's independence and its credibility. Investors expect Trump will replace Powell with a more dovish appointment when his term ends in May. Trump earlier this month said he would nominate Council of Economic Advisers Chairman Stephen Miran to serve out the final few months of a vacant Fed seat after Adriana Kugler unexpectedly resigned. Kristina Clifton, a senior economist at the Commonwealth Bank of Australia in Sydney, said if Cook resigns it would create another opening for Trump to appoint a Fed Governor who will vote to lower interest rates. "Perceived political interference in the Federal Reserve can undermine its independence, steepening the yield curve and denting the USD's safe haven status." POWELL SPEECH The main focus this week has been on whether Powell will push back against market expectations for a rate cut at the Fed's September 16-17 meeting when he speaks on Friday at the Jackson Hole meeting, following a weak jobs report for July. "Markets are adamant that recent labour market data necessitates some policy calibration and are expecting Chair Powell to tip his hat in that direction," TD's Newnaha said. Traders are pricing in an 82% chance of a 25-basis-point rate cut next month, CME FedWatch tool showed. While the odds have lowered from last week after hotter than expected producer price inflation tempered expectations, investors are still pricing in over 50 bps of easing this year. Some analysts cautioned that markets could end up being disappointed by Powell's speech, noting that the impact of Trump's tariffs on inflation remains uncertain. "It is not clear that Powell will deliver strong guidance," said Benoit Anne, managing director in the investment solutions group at MFS Investment Management. If the dovish signals elude us, there will be significant pricing out of the odds for a September cut." In other currencies, the New Zealand dollar was nursing steep overnight losses at $0.58205 after diving 1.2% to its lowest level since April. New Zealand's central bank cut interest rates on Wednesday as expected but left the door wide open to yet more easing if needed. The Australian dollar eased 0.13% to $0.64245, hovering near a two-week low. [AUD/] Sign in to access your portfolio
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Apple Supplier BIEL Crystal Unveils "Witch Cloak" Ultra-Hard Coating Smartphone Glass Cover
HONG KONG, Aug. 20, 2025 /PRNewswire/ -- BIEL Crystal, a key Apple supplier and global leader in smart device components, has launched its revolutionary ultra-hard coating smartphone glass cover – "Witch Cloak". This breakthrough cover glass is now featured on Honor's latest Magic V5 foldable smartphone. According to official Honor mobile phone data, devices equipped with Witch Cloak glass demonstrate: 10x improvement in drop resistance 15x enhancement in scratch prevention 3x increase in abrasion durability significantly reducing screen cracks and breakages from everyday impacts. About WITCH CLOAK ultra-hard coating The Witch Cloak ultra-hard coating glass utilizes a glass-ceramic substrate coated with precisely alternating layers of silicon nitride (SiN) and silicon oxynitride (SiON). BIEL Crystal offers customizable coating solutions ranging multilayer to meet specific durability requirements. About BIEL Crystal Founded in 1989, BIEL Crystal is a leading global provider of exterior structure and module solutions for smart devices. Our products are widely used in smart digital devices, smart wearable devices, AR/VR glasses and automotive industry. Our long-term cooperation customers include Apple, Samsung, Xiaomi, vivo, Meta, ByteDance, Tesla, Google and so on. With more than 30 years of technological innovation and excellent management, BIEL Crystal has become a large technology innovation group with 9 advanced production bases worldwide, with a total investment of over HK$42 billion, covering a total area of about 4.3 million square meters, employing more than 90,000 people and with an annual production capacity of 2.2 billion pieces. View original content to download multimedia: SOURCE BIEL Crystal Sign in to access your portfolio
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OrthoLite Vietnam Awarded Second Consecutive Best Companies to Work for in Asia Award
AMHERST, Mass., August 21, 2025--(BUSINESS WIRE)--OrthoLite®, the global leader of branded, high-performance, comfort footwear solutions, announces that OrthoLite Vietnam (OVN) has been awarded Best Companies to Work for in Asia by HR Asia for the second consecutive year. The award was presented during a ceremony in Ho Chi Minh City on August 14, 2025. Organized and presented by HR Asia, the Best Companies to Work for in Asia Awards evaluates and honors organizations with best practices in human resources, high levels of employee engagement and excellent workplace cultures. OrthoLite Vietnam (OVN) successfully completed multiple rigorous assessments conducted across all levels of company leadership, exceeding the comprehensive criteria required to achieve the highest distinction—first place. HR Asia's evaluation further highlighted OrthoLite Vietnam's outstanding performance, with scores significantly surpassing the market average. "We couldn't be prouder of our exceptional team and leadership in Vietnam," said Glenn Barrett, founder and CEO of OrthoLite. "Their unwavering dedication, proactive mindset, and strong spirit of collaboration are a direct reflection of the unique culture we've built—one that is integral to our success. It's this culture that empowers our teams to consistently deliver the highest quality insole solutions to our global brand partners every day." The OVN team comprises over 1,000 employees who work in OrthoLite's state-of-the-art facility in Ho Chi Minh City, Vietnam. OVN's automation, growing lean lines and attention to the company's best manufacturing for less-impactful manufacturing, combine to make it a leading manufacturing facility for OrthoLite. "We are truly honored to receive this award for the second year in a row and to be recognized for the strength of our incredible team and company culture," said Mark Coffield, Country Manager for OrthoLite Vietnam. "Our exceptional team has a collaborative spirit and dedication that are unmatched and are at the heart of every partnership we build with OrthoLite brand partners." OVN is one of six vertically-integrated global manufacturing facilities owned by OrthoLite, all of which work together to bring an unmatched level of consistency, transparency and best practices to the brand's 550-plus global brand partners. Recently OVN's Higg Index score was released, which showed the facility and team achieved an overall verified score of 90-percent. "This is all due to the exceptional leadership and dedication of Jenny Le, Human Resource Director at OVN, who has led our HR program for over six years," Coffield noted. "It's also due to our dedicated OVN team, who work daily toward our goal of achieving sustainability through environmental management, energy, water use, wastewater management, waste management, air quality and chemical management." For additional information on OrthoLite, please visit About OrthoLite® OrthoLite is the world's leading supplier of open-cell foam technology found in more than 550 footwear brands across all categories of footwear and is the first name in comfort and performance foams. OrthoLite has a stalwart commitment to an ongoing journey toward producing excellence with less-impactful manufacturing practices. The company also has a long-standing history of meaningful partnerships and sponsorships that demonstrate a dedicated commitment to supporting its customers, consumers, brand partners and the footwear industry. OrthoLite is the Official Insole sponsor of the New York Yankees, supporter of Textile Exchange, and is a founding supporter of the Two Ten Foundation. Stay up to date with company news by visiting and following OrthoLite on Facebook, Instagram, Twitter and LinkedIn. To learn more about the benefits of OrthoLite, visit View source version on Contacts Media Contact: Verde Brand CommunicationsJulie Evans970.946.0856julie@ Media Assets