(MENAFN - AFP) Japan will announce Friday that its public pension fund -- the world's biggest -- will double the amount of equities it holds in its investment portfolio, reports said, as it seeks out higher returns to cope with an ageing population.
The welfare ministry will agree the Government Pension Investment Fund's plan that will see domestic and foreign stocks account ...
(MENAFN - AFP) Asian markets rallied Friday and the dollar edged back towards 110 yen after the United States released forecast-busting economic growth data that soothes concerns about the global outlook.
Japanese stocks led the way as the weakening of the yen and a report that the country's vast national pension fund would double its domestic stock holdings offset another ...
(MENAFN - AFP) Japanese inflation slowed further in September as consumers tightened their purse strings, data showed on Friday, fuelling concerns that a tax hike this year could detail the nation's economic recovery.
The internal affairs ministry said Japan's core consumer inflation, stripping out volatile fresh food prices, came in at 3.0 percent year-on-year, down from ...
(MENAFN - AFP) The Australia and New Zealand Banking Group (ANZ) on Friday announced record annual net profit of Aus$7.3 billion (US$6.5 billion) -- up 15 percent -- pursuing an Asia-focused growth strategy.
Cash profit, which strips out non-core items and is favoured by analysts, was up 10 percent to Aus$7.10 billion on last year.
(MENAFN - AFP) Marijuana shops have sprouted across Denver ever since Colorado legalized the drug for adults in January, but the popularity of pot-infused edibles has surprised authorities, and parents are seeking a ban ahead of Halloween.
Many here are content taking the traditional approach -- lighting up a joint -- to embrace the Rocky Mountain state's marijuana legalization.
(MENAFN - AFP) Strong earnings by credit card giant Visa sent its stock soaring Thursday, almost single-handedly powering the Dow to a 1.3 percent gain.
After a slow start that shrugged off a surprisingly strong 3.5 percent third-quarter growth estimate for the US economy, the other major indexes brooked selling across tech shares to score more modest gains by the end of ...
(MENAFN - AFP) The Australia and New Zealand Banking Group (ANZ) on Friday announced a record annual net profit of Aus$7.3 billion (US$6.5 billion) -- up 15 percent -- pursuing an Asia-focused growth strategy.
Cash profit, which strips out non-core items and is favoured by analysts, was up 10 percent to Aus$7.10 billion (US$6.3 billion).