Tag: banking

Uber confirms SoftBank investment that may pave road to 2019 IPO Ride hailing firm Uber has clinched a deal with Japan’s SoftBank and San Francisco’s Dragoneer on an investment that could lead the way to its stock market flotation in 2019. Eurozone ... ( read original story ...)

Scandal hit ride-sharing company Uber on Sunday announced a deal to sell a stake to Japan's SoftBank, as the firm looks to turn a new page ahead of its planned IPO by 2019. The move was unveiled shortly after reports emerged that its former CEO Travis ... ( read original story ...)

Ride-hailing giant Uber has sealed a massive multi-billion dollar investment from Japanese technology conglomerate SoftBank ... the total deal valuation is unknown. Uber's IPO to take place before end of 2019 IPO Uber's agreement with the SoftBank and ... ( read original story ...)

Japanese companies are warming to mobilizing their mountains of accumulated cash for mergers and acquisitions but remain stubbornly resistant to wage increases, a Reuters poll showed on Monday. Prime Minister Shinzo Abe's government has struggled for years ... ( read original story ...)

OSAKA (TR) – Kyoto Prefectural Police have raided two properties connected with an organized crime group over the disappearance of the head of a Kyoto-based consumer finance company four years ago, reports the Sankei Shimbun (Nov. 11). According to ... ( read original story ...)

TOKYO, Nov. 13, 2017 /PRNewswire/ -- Park Hotel Tokyo announced on November 13 that it will co-host an art fair titled "ART in PARK HOTEL TOKYO 2018" (AiPHT 2018) from March 9 to 11, 2018, a preview for invitees and press will be held on March 8, 2018 with ... ( read original story ...)

TOKYO -- Japan plans to place two land-based batteries of high-altitude ballistic missile interceptors -- one each in northern Akita Prefecture and western Yamaguchi Prefecture -- to add a new nationwide layer of defense, though the target operational date ... ( read original story ...)

Small caps were under a bit less pressure than the general premarket session, with Russell 2000 futures off 0.3%. In Japan, Tokyo's market flashed a possible warning signal, rising nearly 2% in morning trade, then crashing to a 1.7% loss before paring ... ( read original story ...)

Japan has seen a surge in gold smuggling cases since the consumption tax was raised from five percent to eight percent in 2014 TOKYO (TR) – Japan’s Ministry of Finance is seeking to apply stricter penalties to smugglers of gold amid a recent surge in ... ( read original story ...)

In a little over an hour, what had been another solid rally in Japanese stocks turned into some rather sharp clear-air turbulence, with the Nikkei 225 Stock Average plunging about 3.6 percent from the afternoon-session high to its low for the day. ( read original story ...)

TOKYO (Reuters) - Japanese Finance Minister Taro Aso said on Friday that he was not aware that a final agreement had been reached among the 11 remaining members of the Trans-Pacific Partnership (TPP) because of some lingering issues involving Mexico and ... ( read original story ...)

TOKYO (Reuters) - Japanese Finance Minister Taro Aso said on Friday that he was ... Chief Cabinet Secretary Yoshihide Suga declined to comment on how Japan would be involved in letting the United States return to the TPP, saying that a final agreement ... ( read original story ...)

NEW YORK (Reuters) - Mitsubishi UFJ Financial Group Inc (MUFG) (8306.T) on Wednesday sued New York’s banking regulator to stop its effort to continue to supervise Japan’s largest lender after it switched its state branches to federal oversight this ... ( read original story ...)

“But as their bodies got bigger, their fat ratios also increased.” The Bank of Japan said last month that the nation’s lenders may have too many employees and branches, and the overcapacity is contributing to a drop in earnings power that may hurt ... ( read original story ...)

He said an investment from Japanese tech giant SoftBank -- a deal which has taken longer than expected to seal -- remains in the works and is unrelated to the IPO plans. "It hasn't happened yet, but it will," he said. SoftBank, which has amassed a $100 ... ( read original story ...)

Uber CEO Dara Khosrowshahi says major investors from Saudi Arabia and Japan are not pushing for an IPO. He says co-founder Travis Kalanick and the board are backing an IPO. Major investors from Saudi Arabia and Japan are not pushing Uber to go public ... ( read original story ...)