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Coke boycott over Gaza boosts Japanese-owned Turkish cola

January 3, 2025

Mizuho and Mercer to team up to offer asset management services
TOKYO — Mizuho Financial Group will partner with U.S. pensions consultant Mercer to enter the comprehensive asset management business for corporate pension funds, educational institutions and other institutional clients. Mizuho plans to begin offering the services by the end of September. The move will mark the first time a Japanese megabank enters the comprehensive asset…
Trump tariffs create the ‘perfect storm’ for scams, cybersecurity expert says — 3 red flags to watch out for
New tariff policies might be setting the stage for cybercriminals to scam consumers, experts say. Fraud attempts may appear in the form of a “tariff payment request” text or email claiming to be from a retailer, delivery company or a government agency. The swiftly changing and unfamiliar landscape of tariff policies, along with economic strain, can…
As thunderstorms threaten Alabama, National Weather Service warns of radio outage
Severe storms are expected to sweep across Alabama this week, as the National Weather Service undergoes an outage of the radio service that broadcasts key weather information for the region. The NWS’s office in Birmingham said it will be conducting a “required, scheduled update” to its Advanced Weather Interactive Processing System, which is used to…
Singapore’s private banks use finance boot camps to target wealthy Chinese scions
SINGAPORE — Over five days in Hong Kong, children of the cream of the crop of Singapore lender United Overseas Bank’s clients networked with prominent enterprises in the Chinese-ruled city, such as Porsche sports car distributor Jebsen Motors. This first such expedition for the bank, in 2023, was part of a clutch of programs for rich scions…
Toyota group to borrow up to $21bn to take Toyota Industries private
TOKYO — Toyota Motor and other Toyota group companies are considering borrowing up to 3 trillion yen ($20.7 billion) from financial institutions to help take machine maker and parts supplier Toyota Industries private, Nikkei has learned. A special purpose vehicle funded by the companies will launch a tender offer for Toyota Industries.
USTR duties on Chinese cranes would devastate US ports, industry says
WASHINGTON — The Trump administration’s efforts to bring shipbuilding back to the U.S. by charging high port fees on Chinese-owned, -operated and -built ships, as well as slapping new tariffs on Chinese-built cranes, drew strong pushback from industry insiders Monday. At a public hearing led by the Office of the U.S. Trade Representative here, discussions…
Markets are too complacent about tariffs, deficits
JPMorgan Chase CEO Jamie Dimon said Monday that markets and central bankers underappreciate the risks created by record U.S. deficits, tariffs and international tensions. Dimon, the veteran CEO and chairman of the biggest U.S. bank by assets, explained his worldview during his bank’s annual investor day meeting in New York. He said he believes the risks of higher inflation and even stagflation aren’t…
Investors shrug off Moody’s downgrade as stocks, U.S. borrowing costs stay largely flat
Investors largely shrugged off a downgrade of the U.S.’s credit rating in Monday trading as stocks ended the day mostly flat. The Dow Jones Industrial Average added more than 130 points for an increase of 0.32%. The broader S&P closed up 0.09%. The tech-heavy Nasdaq gained 0.02%. Late Friday, Moody’s became the third and final…