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(Corrects drop in profit to 24.3 per cent, from 35.8 per cent, in headline and first paragraph)TOKYO :Japan’s Daiwa Securities reported a 24.3 per cent year-on-year drop in fourth-quarter net profit, hurt by lower valuations of alternative assets that led to a more than 40 per cent slump in profit in its asset management division.Net profit over the January-March period was 29.9 billion yen ($207.97 million), versus 39.5 billion yen a year earlier. That missed an average forecast of 32.9 billion yen based on the estimate of three analysts polled by LSEG.Quarterly revenue and profit in Daiwa’s wealth management division…

TOKYO :JERA, Japan’s biggest power generator, said annual net profit halved, hurt in part by a weaker performance from its overseas power generation and renewable energy business.Net income for the year ended March came in at 184 billion yen ($1.3 billion) but it expects profit to rebound in the current year to 230 billion yen.JERA, a joint venture between Tokyo Electric Power and Chubu Electric Power, has around 30 projects in its overseas power generation portfolio in more than 10 countries. They total about 13 gigawatt (GW) in capacity, compared to some 59 GW for domestic power generation. Profits from…

DA NANG, Vietnam — The Vietnam War ended on April 30, 1975, when the South Vietnamese capital of Saigon fell to Communist forces. But millions of people still face daily battles with its chemical legacy.Nguyen Thanh Hai, 34, is one of millions with disabilities linked to Agent Orange. Born with severe developmental challenges, it’s a struggle for him to complete tasks others take for granted: buttoning the blue shirt he wears to a special school in Da Nang, practicing the alphabet, drawing shapes or forming simple sentences.Hai grew up in Da Nang, the site of a U.S. air base where…

American forces have hit more than 800 targets in Yemen during an ongoing air campaign that began six weeks ago against the Houthi militia, the U.S. military said on Sunday.The military said the targets of the strikes, called Operation Rough Rider, included “multiple command-and-control facilities, air defense systems, advanced weapons manufacturing facilities and advanced weapons storage locations.”Among the arms and equipment in stockpiles struck by the Americans were antiship ballistic and cruise missiles and drones, the types of weapons that the Houthis have used against ships in the Red Sea, the military said. The details were outlined in an announcement…

TOKYO :Shares of Toyota Industries were set for their biggest daily jump on record on Monday after Japanese automaker Toyota said it was considering a potential buyout of the key parts supplier, which has a market value of 4 trillion yen ($28 billion).Toyota Industries shares remained untraded with a glut of buy orders on Monday. The bid and ask indicated that their price was poised to hit the daily upper limit of 16,225 yen, a 23 per cent jump on Friday’s closing price of 13,225 yen. Reuters has calculated the market capitalisation based on the close.Such a rise would mark…

TOKYO :Shares of Toyota Industries were set to surge on Monday after Japanese automaker Toyota said over the weekend it was exploring the possibility of investing in a potential buyout of the key parts supplier.Toyota Industries shares remained untraded with a glut of buy orders on Monday. The bid and ask indicated that their price was poised to hit the daily upper limit of 16,225 yen, a 23 per cent jump on Friday’s closing price of 13,225 yen.Such a rise would mark the stock’s biggest one-day jump in at least more than 40 years, according to LSEG data going back…

A brief scene in the new musical “Real Women Have Curves” is as harrowing as anything in the most serious drama on Broadway: a group of terrified workers in a small Los Angeles dress factory, hiding in the dark as they listen to an immigration raid taking place next door.When the raid is over, the first sounds to break the quiet are soft weeping and breath laden with fear.It’s a jolt of somber realism in a show that opts, ultimately, to lean in a feel-good direction. Yet such is the balancing act of “Real Women Have Curves,” which opened on…

Federal agents raided an underground nightclub in Colorado early Sunday morning and detained more than 100 people who they said were undocumented immigrants, according to the Drug Enforcement Administration.The raid occurred at a club in Colorado Springs, about 70 miles south of Denver. Federal officials said there were more than 200 people inside the club at the time, including 114 who were in the country illegally. More than a dozen active-duty members of the U.S. military were detained as well, they said.Officials said agents found weapons and illicit drugs inside the nightclub, including cocaine, methamphetamine and a mixture of powdered…

At 43 years old, Brandon a businessman who has quietly made his mark in the world of entrepreneurship. While his net worth currently stands at an estimated $3.5 million, Brandon’s journey is still very much in the making. Through a series of strategic investments and a focus on sustainable growth, he is steadily building a diverse portfolio across logistics, transportation, and real estate. His success is a testament to his dedication and his belief in long-term planning, rather than seeking instant rewards.The Beginning of Global Reach EnterprisesBrandon’s company, Global Reach Enterprises, was born out of a vision to create a…

Chubby Checker is finally joining the Rock & Roll Hall of Fame, 65 years after “The Twist” became a No. 1 hit and an international dance craze.Checker, 83, who has campaigned for decades to be admitted to the pantheon — at one point taking out a full-page ad in Billboard magazine that said “I want my flowers while I’m alive” — is part of the 40th annual crop of performer inductees. He is joined by Joe Cocker, the White Stripes, Outkast, Cyndi Lauper, Bad Company and Soundgarden, the Rock & Roll Hall of Fame Foundation announced on Sunday evening, after…