It was a quiet weekend at North American movie theaters, dominated once again by Sony’s “The Garfield Movie,” Warner Bros.’ “Furiosa: A Mad Max Saga” and a slew of holdovers. Flipping the script from their Memorial weekend openings, the animated orange cat crept ahead of the wasteland warrior in their second outing. ” The Garfield…
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JGBs edged higher in the morning Tokyo session amid mild relief that the Bank of Japan kept its bond-buying amounts same for June as it did in previous months. https://www.wsj.com/articles/jgbs-edge-higher-amid-mild-relief-boj-kept-bond-buying-amounts-738569af
Rakuten Bank expects the Bank of Japan to hike rates again later this year after scrapping its negative interest rate policy in March, in a move that will likely boost profits for the Japanese online financial firm. In an exclusive interview, CEO Hiroyuki Nagai says the weak yen pressuring is likely to force the central…
Investors will also focus on India markets as exit polls suggested Prime Minister Narendra Modi was set for a rare third consecutive term in power. https://www.cnbc.com/2024/06/03/asia-markets-live-updates-china-caixin-pmi-india-elections-.html
Hong Kong’s Securities and Futures Commission (SFC) has published a list of two licensed crypto trading platforms and 17 pending applicants under the new regulations that went into effect on June 1. The financial regulator stresses that operating without a license is a criminal offense and commits to taking appropriate actions against any legal breaches.…
Trump and Republicans heightened criticism of the U.S. justice system after the former president became the first to be convicted of a felony, exacerbating a political atmosphere in which Americans increasingly distrust democratic institutions. https://www.wsj.com/politics/elections/republicans-call-judicial-system-weaponized-after-trump-conviction-2c876bdb
Nobel laureate in economics Paul Krugman, professor of City University of New York, discusses China’s growth outlook and the government’s policies. He speaks on “Bloomberg: The Asia Trade.” (Excerpt of the full interview) (Source: Bloomberg) from Bloomberg Markets https://ift.tt/SaeFQEG
Skydance Media’s revised offer to buy National Amusements and merge with Paramount Global gives the entertainment conglomerate’s nonvoting shareholders an option to cash out at a premium, according to people familiar with the matter. https://www.wsj.com/business/deals/revised-skydance-offer-gives-paramount-shareholders-opportunity-to-cash-out-at-15-a-share-3c2a16b1