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Asian shares open gingerly on US inflation, earnings season..

Asian shares were mostly under water on Monday as investors braced for a U.S. inflation report that could force another super-sized hike in interest rates, and the start of an earnings season in which profits could be under pressure.An upbeat U.S. June payrolls report already has the market wagering heavily on a rise of 75 basis points from the Federal Reserve, sending bond yields and the dollar higher.

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Sensex up 200 points; Nifty near 16,200; L&T, Axis Bank lead…

Sensex, Nifty extended the winning streak of the last two days, rising nearly 0.4% on Friday. Stocks in Asia pared some gains and the safe haven yen strengthened after the shooting of former Japanese Prime Minister Shinzo Abe injected uncertainty into a trading session earlier lifted by easing recession fears.

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U.S. Senate Democrats advance deal to lower drug prices…

Democrats in the U.S. Senate are advancing a deal that would allow the government’s Medicare health plan for older and disabled Americans to negotiate lower prescription drug prices, Senate sources said on Wednesday.
The plan, which could potentially lower government health costs by billions of dollars, has long been a goal of President Joe Biden’s Democrats and is popular with voters.

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British International Investment to invest up to Rs 1,925 crore in Mahindra’s four-wheeler EV business…..

Mahindra & Mahindra (M&M) and the British International Investment (BII) have inked a pact to invest Rs 1,925 crore each in a wholly-owned subsidiary of the home-grown auto major to focus on four-wheel passenger electric vehicles. The Mumbai-based automaker and BII have executed a binding agreement to invest in the new entity — “EV Co”.

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Stock Gains Cool, Yen Rises Amid Shock Over Abe: Markets Wrap…

Stocks in Asia pared a climb Friday and the yen strengthened after the shooting of former Japanese Prime Minister Shinzo Abe injected uncertainty into a trading session earlier lifted by easing recession fears.
British International Investment to invest up to Rs 1,925 crore in Mahindra’s four-wheeler EV business.

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Japan’s Nikkei index was up 1.23% at 26,817.24 in morning trade, its highest mark since June 29th...

Japan’s Abe shot while making election speech, taken to hospital
Japanese former Prime Minister Shinzo Abe was shot on Friday while campaigning in the city of Nara, a government spokesman said, with public broadcaster NHK saying he appeared to have been shot from behind by a man with a shotgun.
Chief Cabinet Secretary Hirokazu Matsuno said he did not know Abe’s condition. Authorities have arrested a 42-year-old man who appeared to have shot Abe, media reported.

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