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Tag: banking

Posted on 04/06/2019

Deutsche Bank Sees Managing Directors in Tokyo Equities Depart

Deutsche Bank AG has seen recent high-level departures in equities-trading at its Tokyo office, according to two people with knowledge of the matter. Managing director Sean McCarthy, who worked in ... ( read original story ...)

Posted on 04/06/2019

Japan’s Mizuho aims to build warchest for Asia fintech investment

TOKYO (Reuters) - Mizuho Financial Group aims to build a warchest of several billion dollars in the next five years to target financial technology in Asia, its chief said, as the Japanese megabank ... ( read original story ...)

Posted on 03/06/2019

ESR delays $1.4 billion IPO in Hong Kong amid trade tension market jitters: sources

At the top end of ESR’s IPO price range, the deal would value the company at $6.2 billion. ESR was formed in 2016 by the merger of the Japan-centric Redwood Group and China-focused e-Shang, which was ... ( read original story ...)

Posted on 03/06/2019

Japan Inc to keep up investment despite trade war worries

Nikkei Inc.'s latest capital investment trend ... This is the third consecutive year that corporate Japan has planned to increase its capital spending. But if business sentiment deteriorates ... ( read original story ...)

Posted on 03/06/2019

Wooden beer bottles and paper straws — Japan shifts from plastic

Japan's market for shampoo in refill pouches ... is a big opportunity for us," a spokesman at Nippon Paper told Nikkei. "But to cover the decline in paper demand, we have to see if the replacement ... ( read original story ...)

Posted on 03/06/2019

Sun sets on Japan’s once-shining AV equipment industry

TOKYO -- The decline of Japan's audiovisual industry shows no sign of stopping, with Onkyo preparing to sell off its flagship audiovisual business to a U.S. peer and concentrate on contract ... ( read original story ...)

Posted on 03/06/2019

SAP to launch its first Asian startup incubator in Japan

recently talked to the Nikkei Asian Review about what startups they seek in Japan and SAP's ambitious game plan in Asia. Jambunathan leads both the SAP.iO Fund and SAP.iO Foundries. The former ... ( read original story ...)

Posted on 03/06/2019

Nikkei hits over 4-1/2-month low as global slowdown worries loom large

“Investors’ main concern is that the trade war may hurt global growth,” said Toru Ibayashi, executive director of wealth management at UBS Securities, Japan, adding that the Nikkei could fall further. ... ( read original story ...)

Posted on 03/06/2019

Japan’s manufacturing activity shrinks in May, heightens economic strain – PMI

The Final Markit/Nikkei Japan Manufacturing Purchasing Managers Index (PMI) was 49.8, compared with a flash reading of 49.6 and a final 50.2 in the previous month. The 50-mark separates contraction ... ( read original story ...)

Posted on 03/06/2019

Tokyo Sushi boss slapped with $380k fine for ripping off staff

The operator of three ‘Tokyo Sushi’ outlets in regional NSW has been asked to pay up $383,616 for underpaying staff by more than $70,000. The Federal Circuit Court has slapped Kiyoshi Hasegawa with a ... ( read original story ...)

Posted on 03/06/2019

Tokyo stocks open lower on stronger yen, trade worries

Tokyo stocks opened lower on Monday, following end of the week losses on Wall Street amid escalating global trade tension, with a stronger yen also weighing on the market. The benchmark Nikkei 225 ... ( read original story ...)

Posted on 03/06/2019

Mizuho understood to be rolling out Flexcube core banking tech

EXCLUSIVE: One of Japan’s largest banks, Mizuho Bank (Mizuho Financial Services), is understood to be implementing Oracle FSS’s Flexcube to modernise its corporate and commercial banking business, ... ( read original story ...)

Posted on 02/06/2019

Japan’s largest bank targets big job cuts in London

Customers use automated teller machines at a MUFG Bank branch in Tokyo. The Japanese lender is offering voluntary redundancy packages to about 500 directors and managing directors in London, according ... ( read original story ...)

Posted on 02/06/2019

MUFG Bank Offers Voluntary Retirement to Senior Workforce in London

Mitsubishi UFJ Financial Group Inc. (MUFG), the largest bank in Japan and the fifth largest worldwide, is reportedly looking to scale back its international expansion plans owing to cost-cutting ... ( read original story ...)

Posted on 02/06/2019

Japan’s Nomura left out of $12bn share sale after censure

The Finance Ministry chose Daiwa Securities Group Inc, Mizuho Securities Co and SMBC Nikko Securities Inc to manage the domestic portion of the Japan Post offering. Goldman Sachs Group Inc ... ( read original story ...)

Posted on 02/06/2019

No. 1 Osaka’s 16-match winning streak at Slams ends in Paris

PARIS (AP) -- This was one deficit too big to overcome for Naomi Osaka, whose Grand Slam winning streak is over. The No. 1-ranked Osaka couldn't muster a comeback after falling way behind yet ... ( read original story ...)

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