Former world No.1 Naomi Osaka believes she can get back amongst the top spots in the rankings by the end of the year as the Japanese player draws inspiration from being a new mum. Sign up for our ... ( read original story ...)
Activist fund Elliott targets Japan’s biggest property group
Elliott Management is calling for Japan’s biggest property group, Mitsui Fudosan, to launch a ¥1tn ($6.8bn) share buyback as the US activist fund targets the most prestigious end of the Tokyo stock ... ( read original story ...)
UPDATE 1-Elliott Management targets Japan’s biggest property group Mitsui Fudosan -FT
U.S. activist fund Elliott Management has called on Japan's biggest property group Mitsui Fudosan to launch a 1 trillion yen ($6.74 billion) buyback, the Financial Times reported on Monday. Elliott's ... ( read original story ...)
Elliott Management targets Japan’s biggest property group Mitsui Fudosan – FT
Feb 5 (Reuters) - U.S. activist fund Elliott Management called on Japan's biggest property group Mitsui Fudosan (8801.T), opens new tab to launch a 1 trillion yen ($6.74 billion) buyback, the ... ( read original story ...)
Japan’s Aozora Bank loses one-third of its value on US office property losses
The lender said it would have its first loss in 15 years because of bad loans tied to US office property. Read more at straitstimes.com. ( read original story ...)
Move over China! Japanese investors head to Dalal Street with big money
In contrast, flows into Chinese shares dropped the most among 14 emerging markets that are covered by Japan’s data on international investment positions. ( read original story ...)
Data centre S-Reits positive about riding AI wave
THE exponential progress of artificial intelligence (AI) and machine learning is expected to create unprecedented demand for global data centres, noted JLL in its Data Centers 2024 Global Outlook. ( read original story ...)
Tokyo Electron leases 99K sf in Stream’s RiverSouth office building
Tokyo Electron has leased almost 99,000 square feet in Stream Realty Partners’ RiverSouth office building in Austin. ( read original story ...)
Uneven path to finish Evergrande’s abandoned housing in Chinese city
In the heart of the northern Chinese city of Shijiazhuang, a fence displaying the slogan "Happy Every Day" hides an unfinished apartment complex, a daily reminder of the unresolved costs of the ... ( read original story ...)
Japan Insurers Fall After Aozora Bank Sparks US Property Concern
Japanese insurers fell on concern over their exposure to US commercial real estate, after panic selling in lender Aozora Bank Ltd. brought investor attention to risks in other companies. Dai-ichi Life ... ( read original story ...)
Japan’s Aozora Loses 33% of its Value in Two-Day Stock Meltdown
Japanese lender Aozora Bank Ltd. plunged for a second straight day after saying it would have its first loss in 15 years because of bad loans tied to US property. Most Read from BloombergDonald Trump ... ( read original story ...)
Nursing home acquisitions lift Parkway Life Reit’s H2 DPU by 2.1%
RECENT acquisitions of nursing homes lifted Parkway Life Reit’s distribution per unit (DPU) by 2.1 per cent to 7.48 cents, for the six months ended Dec 31, 2023. Read more at The Business Times. ( read original story ...)
Japan’s Aozora Bank tanks on U.S. property loan losses
Japan's Aozora Bank on Thursday flagged its first annual net loss in 15 years as it took massive loan-loss provisions for U.S. commercial property, sending its shares down more than 20%. ( read original story ...)
A $560 Billion Property Warning Hits Banks From N.Y. To Tokyo
The US commercial real estate market has been in turmoil since the onset of the Covid-19 pandemic. But New York Community Bancorp and Japan’s Aozora Bank Ltd. delivered a reminder that some lenders ... ( read original story ...)
China needs to learn lessons from 1990s Japan
The essence of their message revolved around two words: “clearing prices”. As Japan reeled from the collapse of the 1980s property bubble, US officials urged its government to inject transparency into ... ( read original story ...)
US Property Losses Trigger 20% Drop in Japanese Bank Aozora
Japan’s Aozora Bank Ltd. became the second lender in a span of hours to surprise investors with losses tied to US commercial property, sending shares down by the limit and heightening concerns about ... ( read original story ...)