- BusinessBloomberg•16 hours ago
Japan's Topix Outshines Nikkei 225 Thanks to BOJ's ETF Buying
The Bank of Japan’s reduction of the amount it invests in the Nikkei 225 Stock Average is leaving the blue-chip gauge lagging behind the broader Topix index by the most in nearly two years. Following criticism that its exchange-traded funds purchases are distorting the stock market, the central bank said in September it would reduce its Nikkei 225 buying in favor of the Topix. While a 26 percent slide this year by Uniqlo clothing stores operator Fast Retailing Co. -- which has the heaviest weighting in the price-weighted smaller gauge -- has contributed to its underperformance, falling out of favor with the BOJ is having more of an impact, according to analysts. “At the moment, there are no enthusiastic buyers of the Japanese stock market beyond the Bank of Japan,” said Yutaka Miura, a senior technical analyst at Mizuho Securities Co. in Tokyo.
- BusinessBloomberg•22 hours ago
Your Credit Score Could Make or Break Your Love Life
One study, released two years ago, looked at consumer credit data over 15 years and found that the higher the year-end credit score, the likelier the person was to form a romantic relationship over the next year. Now comes a survey from Discover Financial Services and Match Media Group, parent of Tinder and other dating sites, that shows just how appealing a good credit score can be. Financial responsibility was ranked as a very or extremely important quality in a potential mate by 69 percent of the 2,000 online daters surveyed.
FinanceReuters•14 hours agoMcDonald's to shut 169 outlets in India amid dispute with local partner
Fast food chain McDonald's said on Monday it planned to shut all 169 of its restaurants in India's northern and eastern regions, escalating a dispute with its local partner and potentially putting thousands of workers out of jobs. The U.S. company said it was "compelled" to take the action because its partner Connaught Plaza Restaurants Pvt Ltd (CPRL) had breached the terms of their franchise agreements. Vikram Bakshi, managing director of CPRL, told Reuters the decision came as a "big shock" and the company was studying all its legal options.
