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The Osaka-based insurer is taking advantage of guidelines for bond investors when prices move sharply.[TOKYO] Sumitomo Life Insurance is taking an unusual step to avoid writing down losses on its debt assets, promising to never sell them while they are in the red, according to a source familiar with the matter.The Osaka-based insurer is taking advantage of guidelines for bond investors when prices move sharply. When there’s a 50%-or-more tumble in the market value of a bond from its acquisition price with no prospect of recovery, the drop in the debt’s value must be booked as a loss, according to…
Microsoft may have made the unfortunate decision to raise the price of a Xbox Game Pass Ultimate subscription to $30 a month, but you don’t have to live by the company’s rules — at least not yet. Most online retailers are still selling codes for prepaid Game Pass subscriptions at the original $20 a month price. That means you can pay $60 for three months of Xbox Game Pass Ultimate, stack your codes and keep your subscription without having to downgrade or cancel.XboxYou can still purchase pre-paid Game Pass codes at their original price. $60 at AmazonAs the highest tier…
Skyline of Tokyo, Japan.Jackyenjoyphotography | Moment | Getty ImagesAsia-Pacific markets were set to open mostly higher Friday, tracking Wall Street gains as investors shrugged off the U.S. government shutdown.Investors are waiting to see how long the shutdown will last to assess the gravity of its economic repercussions. Historically, government shutdowns in the U.S. have not been market-moving events.Japan’s September manufacturing purchasing managers’ index reading will be released later in the day.The country’s benchmark Nikkei 225 index was set for a higher open, with its futures contract in Chicago trading at 45,130, while its counterpart in Osaka last traded at 45,050,…
Backing the shift to this strategy is the government’s multi-year drive to get households to invest more[TOKYO] Japan’s largest bank is recruiting more new graduates and experienced specialists as it seeks a bigger piece of the country’s growing wealth management market.Mitsubishi UFJ Financial Group (MUFG) is planning to increase annual hiring to about 40 new graduates for its business catering to the rich from April next year, according to Yutaka Miyashita, head of the lender’s commercial banking and wealth management business group. That compares with around five hires a year recently.“Simply put, we are rather short of hands,” said Miyashita.…
Verizon began telling customers this week that their Hum service would be discontinued on December 31, 2025. What is Hum by Verizon? Well, I’m glad you asked. Hum is an ODB device that connects to your vehicle to provide diagnostic info about the car, gives you maintenance reminders, can get you roadside assistance, and provides tracking of its location. It sends all 0f that information through an app, which yes, has a monthly service fee. I guess the price doesn’t really matter anymore, though, since Verizon is killing Hum off. Customers who subscribe to Hum received notification yesterday, plus there…
Image Source: Bing Image. License: All Creative Commons Have you ever asked yourself what’s hidden beneath the streets of your city? For millions of people in Europe and Japan, the response is usually disturbing: undetonated World War II bombs lying in wait for decades to surface. These war artifacts still influence public safety, urban planning, and emergency services in ways you might not expect. Image Source: Bing Image. License: All Creative Commons Over the last few years, cities such as Poland’s Lublin, Germany’s Dresden, England’s Plymouth, and Japan’s Nagoya have all experienced serious disruptions following the discovery of lethal historical…
What ball will be used at Lamine Yamal’s first ever World Cup in 2026 while further solidifying Lionel Messi’s legendary status?When are we seeing the balón that will create next summer’s top moments at the 48-team tournament? The one that will eventually be used to score the game-winning goal in the final on July 19?It’s here. It’s TRIONDA. And there’s no shortage of details. Expect stars like Lamine Yamal and Lionel Messi to goals at next summer’s World Cup (Courtesy: adidas) The adidas FIFA World Cup 2026 official match ball was officially revealed on Thursday, which highlights and features the…
[NEW YORK] Oil prices settled down about 2 per cent at the lowest in four months on Thursday (Oct 2), extending a run of declines into a fourth day, due to concerns about oversupply in the market ahead of a meeting of the Opec+ group over the weekend.Brent crude futures fell US$1.24, or 1.9 per cent, to settle at US$64.11 a barrel, the lowest since Jun 2. US West Texas Intermediate crude dropped US$1.30, or 2.1 per cent, to settle at US$60.48 a barrel, the lowest since May 30.Opec+ could agree to raise oil production by up to 500,000 barrels…
If you’re looking for the best counterpizza ovens that reach at least 800°C (1472°F) in 2025, I’ve found top models like PIEZANO, Big Horn Outdoors, and Crispy Crust, which heat extremely fast and produce authentic pizzeria results. These ovens feature rapid preheating, even heat distribution with ceramic stones, and versatile controls for various pizza styles. Keep going, and I’ll help you explore the most powerful options for professional-level cooking at home or small-scale use. Key Takeaways Top models reach up to 800°F (427°C), with some achieving this in under six minutes, ensuring fast, authentic pizza baking. Many units feature ceramic…
Trump declares U.S. in “armed conflict” with drug cartels – CBS News Watch CBS News President Trump has declared the U.S. is in an “armed conflict” with drug cartels as the White House calls drug runners “unlawful combatants.” Charlie D’Agata has more.