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India gold demand tapers off after festival spike

Saturday, November 2, 2019, 7:54 AM

India gold demand tapers off after festival spike

Gold discounts in India widened this week as physical-demand cooled because of high-prices after a busy festival-week while activity in other Asian-hubs was largely-steady. India celebrated Diwali and Dhanteras last-week, some of the busiest gold-buying days in the country, when demand peaks because gold is considered auspicious. Gold-futures were trading around 38,500-rupees/10-grams on Friday, having hit a record high of 39,885-rupees in September.

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Asia's factory pain deepens on trade war, global slowdown

Friday, November 1, 2019, 7:51 PM

Asia's factory pain deepens on trade war, global slowdown

Asian export powerhouses recorded shrinking factory activities as the ongoing trade wars and global recession has led to a plunge in demand across the world. With the Japanese economy sinking to a three-year low in October due to decreased orders and output, manufacturing activity in North Asia as a whole, has contracted to a greater level.

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Nintendo to begin testing Mario Kart Tour multiplayer

Friday, November 1, 2019, 7:45 PM

Nintendo to begin testing Mario Kart Tour multiplayer

Nintendo Co Ltd said on Friday it would begin testing a multiplayer option for its Mario Kart Tour mobile game in December, a step towards the full multiplayer mode demanded by players and seen as essential to boosting the title's revenues. Konami's shares were trading up 4.2% at the midday break in Tokyo. Nintendo's shares were up 5.9%, with the benchmark index down 0.4%.

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Japan's Panasonic profit drops 12% on trade war, higher costs

Thursday, October 31, 2019, 8:27 PM

Japan's Panasonic profit drops 12% on trade war, higher costs

Panasonic Corp (6752.T) on Thursday reported a 12% drop in its second-quarter operating profit as the Japanese firm was hurt by the Sino-U.S. trade war and higher development costs related to its automotive business in Europe. The company maintained its profit forecast for the year through March at 300 billion yen, compared with an average estimate of 293.94 billion yen from 19 analysts.

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Nintendo moves closer to China Switch launch after nod for first game sale

Wednesday, October 30, 2019, 7:55 PM

Nintendo moves closer to China Switch launch after nod for first game sale

China granted approval for Nintendo Co to sell its first Switch console game in the country, regulator announced, drawing closer the official-launch of the hybrid home-portable device in the world's biggest game-market. The State Administration of Press, Publication, Radio, Film and Television announced on its website approval for the Japanese gaming firm's hit "New Super Mario-Bros. U Deluxe" title to be sold in China.

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IT services firm kicks off SoftBank units' earnings with 41% quarterly profit rise

Tuesday, October 29, 2019, 8:36 PM

IT services firm kicks off SoftBank units' earnings with 41% quarterly profit rise

Japanese IT services firm SB Technology Corp (4726.T) booked a 41% rise in quarterly profit on Tuesday, marking the season's first earnings report of dozens of SoftBank Group Corp (9984.T) units watched for hints about the parent's financial health. SB Technology's share price has risen almost 8% year-to-date. In Tuesday trade, it ended down 0.8% whereas the benchmark Nikkei index. N225 closed up 0.5%.

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Japan will help NASA build a space station near the Moon

Saturday, October 19, 2019, 5:18 PM

Japan will help NASA build a space station near the Moon

Japan space agency JAXA has partnered with NASA to work on its Artemis mission, which is aimed to send crewed missions to both Moon and Mars. JAXA will offer technical cooperation to build a space station near Moon, to be used by astronauts. However, Japan has reserved its decision on the station's construction over cost concerns, as per state media.

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Japan Has Low Infant Mortality Rate, Few Underweight Children: UNICEF Report

Tuesday, October 15, 2019, 7:09 PM

Japan Has Low Infant Mortality Rate, Few Underweight Children: UNICEF Report

Japan manages a rare feat for a developed country when it comes to feeding its children high scores for nutrition but very low obesity rates. One major key? School lunches. A landmark report by the UN's children agency UNICEF released Tuesday shows Japan topping the charts for childhood health indicators, with low rates of infant mortality and few underweight children.

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Monday, October 14, 2019, 8:16 AM

"Happy To Assist": PM To Japan, Struck By Typhoon; Navy Sends 2 Warships

India has sent two warships to the waters of Japan to help the Asian nation battered by typhoon Hagibis in relief operations, the Indian Navy said after PM Modi gave his condolences to Japan. "India stands in solidarity with Japan at this difficult hour. Personnel of the Indian Navy, in Japan on a scheduled visit, will be happy to assist immediately," PM Modi tweeted.

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US, Japan, South Korea Discuss North Korean Denuclearization

Wednesday, October 9, 2019, 12:10 PM

US, Japan, South Korea Discuss North Korean Denuclearization

Officials from the United States, Japan and South Korea met in Washington on Tuesday to discuss North Korean denuclearization, just days after negotiations between the US and North Korea broke down in Sweden. US Special Representative for North Korea Stephen Biegun held talks with his South Korean and Japanese counterparts, the US State Department said in a statement.

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