AFP Asia Business

Equity markets sank Thursday following a severe sell-off on Wall Street that came after the Federal Reserve halved its rates outlook, while the yen weakened as the Bank of Japan decided against a hike.All three main indexes in New York were sent spinning Wednesday — led by a rout in high-flying tech titans — after …

Markets track Wall St down after Fed forecast, BoJ hits yen Read More »

Japanese electronics titan Sony said Thursday it had paid more than $300 million for a 10 percent stake in the media conglomerate behind the smash-hit game ‘Elden Ring’.Kadokawa, which is known for producing anime and publishing books including manga comics, said last month that Sony had made an approach to the firm, sending the media …

Sony buys 10% of ‘Elden Ring’ owner for $320 mn Read More »

Asian markets sank Thursday following a severe sell-off on Wall Street that came after the Federal Reserve halved its rates outlook, while the yen weakened as the Bank of Japan decided against a hike.All three main indexes in New York were sent spinning Wednesday — led by a rout in high-flying tech titans — after …

Asian stocks track Wall St down after Fed forecast, BoJ hits yen Read More »

The yen weakened against the dollar Thursday after the Bank of Japan kept borrowing costs unchanged, extending a retreat for the currency that came after the Federal Reserve forecast fewer rate cuts.The BoJ said after a two-day policy meeting that it would hold rates at around 0.25 percent, pushing the yen cheaper than 155 per …

Yen drops as Bank of Japan maintains key interest rate Read More »