Latest news with #Nikkei
Nikkei Asia
2 hours ago
- Politics
- Nikkei Asia
Indian nurse Nimisha Priya's execution in Yemen postponed
The Indian government has struggled to negotiate with the Iranian-backed Houthi authorities in Sanaa regarding Nimisha Priya's case. (Nikkei montage/Source photos by Reuters and Takuya Imai) KIRAN SHARMA NEW DELHI -- An Indian woman on death row in Yemen in a murder case has received temporary relief as her execution scheduled for Wednesday has been postponed amid efforts by the Indian government, religious scholars and campaigners to save her life. Nimisha Priya, 37, a nurse from the Indian state of Kerala who first moved to Yemen in 2008, was found guilty of the 2017 murder of her former Yemeni business partner Talat Abdo Mahdi -- with whom she was running a clinic there. According to Indian media reports, her professional relationship with Mahdi became exploitative, and she allegedly attempted to sedate him in order to retrieve her passport that he had confiscated, resulting in his death due to an overdose.
New Straits Times
2 hours ago
- Business
- New Straits Times
Japan's Nikkei ends flat as election, tariff worries overshadow chip stocks' gains
TOKYO: Japan's Nikkei share average ended flat on Wednesday, as concerns surrounding the elections to the upper house and the fate of trade negotiations with the United States overshadowed gains from chip-related shares. The Nikkei inched 0.04 per cent lower at 39,663.4. The broader Topix fell 0.21 per cent to 2,819.4. "Investors have excuses for not buying or selling stocks," said Shigetoshi Kamada, general manager at the research department at Tachibana Securities. "They are cautiously awaiting the outcome of the upper house election, while the outlook of the trade talks between is not clear even as the deadline approaches." Opinion surveys suggest Prime Minister Shigeru Ishiba's coalition may lose its majority in the elections scheduled for July 20, forcing it to court an array of smaller parties pushing for easier fiscal and monetary policy. Chip-related heavyweights Tokyo Electron and Advantest rose 1.75 per cent and 0.64 per cent, respectively, to track Nvidia's 4 per cent gain overnight. Nvidia unveiled plans to resume sales of its H20 AI chip to China, pushing the Nasdaq Composite to end at another record high. Toho jumped 10.09 per cent after the creator of the "Godzilla" movie franchise raised its annual net profit forecast. Uniqlo-brand owner Fast Retailing slipped 0.91 per cent to weigh on the Nikkei the most. Toyota Motor lost 0.89 per cent even as the yen fell to a more than three-month low against the dollar. "Investors could not buy Toyota despite the yen's weakness because they are concerned about the tariff negotiations," said Kamada. Local media reported Prime Minister Shigeru Ishiba is arranging to meet with US Treasury Secretary Scott Bessent in Tokyo on Friday ahead of an August 1 deadline to strike a trade deal with the United States, else face punishing tariff of 25 per cent.
Straits Times
2 hours ago
- Business
- Straits Times
China hands 3-1/2-year prison sentence to Astellas' Japanese employee, Nikkei says
Find out what's new on ST website and app. TOKYO - A Beijing court on Wednesday sentenced a Japanese employee of Astellas Pharma to 3-1/2 years in prison, the Nikkei newspaper reported, citing the Japanese ambassador to China. The man had been detained since March 2023 on suspicion of spying and had been indicted about a year ago. Chinese foreign ministry spokesperson Lin Jian said on Wednesday that the country's judicial authorities handle cases in accordance with the law, when asked a question about a Beijing court sentencing an employee of a Japanese pharmaceutical company to prison for espionage. The question did not name the company. China has always supported China-Japan economic and trade cooperation, and provides a good environment for the lawful operations of Japanese enterprises and personnel in China, Lin told a regular press briefing. REUTERS
The Mainichi
2 hours ago
- Business
- The Mainichi
Tokyo stocks end slightly lower before election, earnings season
TOKYO (Kyodo) -- Tokyo stocks ended slightly lower after directionless trading Wednesday, as many investors took to the sidelines ahead of the House of Councillors election on the weekend and the start of the earnings season later this month. The 225-issue Nikkei Stock Average fell 14.62 points, or 0.04 percent, from Tuesday at 39,663.40. The broader Topix index finished 5.91 points, or 0.21 percent, lower at 2,819.40. On the top-tier Prime Market, decliners were led by real estate, pulp and paper and securities house issues. The U.S. dollar remained firm in Tokyo after hitting a three-month high of 149.03 yen in New York overnight on receding expectations of interest rate cuts by the Federal Reserve following higher-than-expected inflation data for June, dealers said. Stocks swung between positive and negative territory throughout the day amid growing caution as recent media polls have shown that the ruling parties are facing an uphill battle in Sunday's election and could lose their majority in the upper house, brokers said. "The Nikkei's 40,000 mark has been perceived by investors as a psychological barrier over the past two weeks," said Maki Sawada, a strategist at the Investment Content Department of Nomura Securities Co. "It's difficult for investors to keep buying ahead of the major events, with the earnings season starting after the upper house election," she said. Meanwhile, heavyweight semiconductor-related shares drew buying after major Dutch chip equipment maker ASML Holding N.V. released solid earnings in the afternoon.
Economic Times
3 hours ago
- Business
- Economic Times
Japan's Nikkei ends flat as election, tariff worries overshadow chip stocks' gains
Japan's Nikkei share average ended flat on Wednesday, as concerns surrounding the elections to the upper house and the fate of trade negotiations with the United States overshadowed gains from chip-related shares. ADVERTISEMENT The Nikkei inched 0.04% lower at 39,663.4. The broader Topix fell 0.21% to 2,819.4. "Investors have excuses for not buying or selling stocks," said Shigetoshi Kamada, general manager at the research department at Tachibana Securities. "They are cautiously awaiting the outcome of the upper house election, while the outlook of the trade talks between is not clear even as the deadline approaches." Opinion surveys suggest Prime Minister Shigeru Ishiba's coalition may lose its majority in the elections scheduled for July 20, forcing it to court an array of smaller parties pushing for easier fiscal and monetary policy. Chip-related heavyweights Tokyo Electron and Advantest rose 1.75% and 0.64%, respectively, to track Nvidia's 4% gain overnight. ADVERTISEMENT Nvidia unveiled plans to resume sales of its H20 AI chip to China, pushing the Nasdaq Composite to end at another record high. Toho jumped 10.09% after the creator of the "Godzilla" movie franchise raised its annual net profit forecast. ADVERTISEMENT Uniqlo-brand owner Fast Retailing slipped 0.91% to weigh on the Nikkei the most. Toyota Motor lost 0.89% even as the yen fell to a more than three-month low against the dollar. ADVERTISEMENT "Investors could not buy Toyota despite the yen's weakness because they are concerned about the tariff negotiations," said Kamada. Local media reported Prime Minister Shigeru Ishiba is arranging to meet with U.S. Treasury Secretary Scott Bessent in Tokyo on Friday ahead of an August 1 deadline to strike a trade deal with the United States, else face punishing tariff of 25%. (You can now subscribe to our ETMarkets WhatsApp channel)
