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TOKYO -- Japanese trading house Itochu is discussing partnership opportunities with Warren Buffett's Berkshire Hathaway after securing an apparel tie-up, Chief Financial Officer Tsuyoshi Hachimura told Nikkei.
(Reuters) - Shares of online comics platform Webtoon Entertainment rose as much as 14.3% above their initial public offering price in their Nasdaq debut on Thursday.
Stock futures are near flat Thursday night as traders await closely followed inflation data. They are also counting down to the end of what has been a strong first half of the year.
Shares of H&M plunged more than 14% on Thursday morning after the company reported a smaller-than-expected increase in second-quarter profits and cast doubt over its June sales and full-year profit margin target.
TOKYO -- The yen fell past 160 against the dollar for the first time since late April when the government and the Bank of Japan began to support the currency, stoking expectations of more intervention.
HONG KONG -- Some Hong Kong-listed companies are shifting their borrowings to yuan, sometimes drastically, as the U.S. Federal Reserve keeps rates high to fight inflation while the People's Bank of China maintains a low-rate environment to prop up its stagnating economy.
TOKYO -- The next round of Japanese government intervention to stop the yen's slide will likely happen if the currency hits 165 versus the dollar, according to Bank of America Securities and Citigroup.
