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BBCNEWS Asia July 2, 2024

the yen has been steadily depreciating against the dollar. it recently crossed the 150 yen to dollar threshold. let s speak now to damian thong. he is the head of japanese equity research at financial services firm, macquarie group. it s firm, macquarie group. a big tailwind, especially for it s a big tailwind, especially for exporting from japan. even for exporting from japan. even for manufacturers outside it means a lot of the profits they would generate overseas will be brought back into japan and an attractive rate of exchange. {iii attractive rate of exchange. of course japan s biggest trading partner china will be getting quite a lot of weak economic data, how concerns are japanese companies be? i data, how concerns are japanese companies be? companies be? i think it depends companies be? i think it depends on companies be? i think it depends on the - companies be? i think it depends on the firm. i companies be? i think it. depends on the firm. this a companies be ....

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BBCNEWS World July 2, 2024

pre tax profits ringed in at $7.7 billion in the third quarter. now, this is all driven by rising global interest rates feeding into their balance sheets. but there have been questions before that these high rates were not being passed on to savers. joining me now is the independent banking analyst, frances coppola. nice to see you, doing rather well. i imagine those paying higher mortgage rates and everything it is a bitter pill. tell us more about the numbers? it is yet tell us more about the numbers? it is yet more tell us more about the numbers? it is yet more profits from their very healthily inaudible it has shrunk ever so slightly in this quarter but it is still way above where it was last year and that does reflect the fact that they have passed on interest rates to lenders much more quickly than they have to savers, which i think some people might get quite cross about. ~ . ., , , about. wanted we are seeing, is we are seeing about. wanted we are seeing, is w ....

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BBCNEWS Verified July 2, 2024

but that moving patients many of whom are in intensive care is impossible. more from the middle east in a moment. more from the middle east in a moment. time for a look at the business news now with ben thompson. good afternoon, ben. thank you very much. let me bring you up to date. let me bring you up to date. we start in china, where the world s most indebted property developer evergrande has been granted more breathing space by a court in hong kong, before a decision is made over its possible liquidation. the firm, which owes over $300 billion, has until a hearing scheduled for 4th december to come up with a new restructuring proposal, as nick marsh reports. evergrande has got five weeks to achieve what they have failed to do for the past two years, which is come up with a repayment plan that its creditors will agree to. now, if they don t manage to do this, then liquidation is a possibility, but don t think that that would mean the end of the evergrande stor ....

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CNNW CNN July 2, 2024

these two young men are pursuing these careers that have been inspired in part by you i feel so ratify. i mean, there s no greater service and the service to others the engineer that will change your world and the marine that s going to help protect freedom and democracy the twins now thriving after surviving hell and high water, thanks to an undeterred mother here today because he knew. and your tenacity and a compassionate commander that these young men will be game changers. i m so proud of you god s agent was a perfect way describing general honore, a great story are thanks to stephanie eelam well new our of cnn news central starts right now tornadoes, large hail and damaging winds it s all part of the deadly, severe storms that have killed at least 19 people. and it s not over yet, millions more are now in the path of severe weather man under arrest i could have stabbing at least six people in massachusetts, including four girls at a movie theater, will have ....

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BBCNEWS Asia July 2, 2024

cheaper for customers because it makes their products cheaperfor customers in because it makes their products cheaper for customers in other countries to buy. the yen has been steadily depreciating against the us dollar and that is likely to continue boosting export profits forjapanese export profits for japanese companies export profits forjapanese companies according to damien thong the head of japanese equity research. it thong the head of japanese equity research. equity research. it is a big tailwind for equity research. it is a big tailwind for firms - equity research. it is a big| tailwind for firms exporting from japan and also firms which manufacture outside means a lot of the profits they generate overseas will be brought back to japan and a overseas will be brought back tojapan and a very overseas will be brought back to japan and a very attractive rate of exchange. rate of exchange. japanese companies rate of exchange. japanese companies have rate of ....

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