Tag: ipo

TOKYO -- The Japanese government is moving to ease residency requirements for non-native service workers in an effort to deal with an influx of tourists from outside the country. Beyond work-study Japan hosted a record 24.03 million foreign tourists in 2016. ( read original story ...)

Japan’s manufacturing sector enjoyed another strong month in February with activity levels improving at the fastest pace in nearly three years. The Nikkei-IHS Markit “flash” manufacturing purchasing managers index (PMI) rose to 53.5 in February ... ( read original story ...)

TOKYO -- The introduction of negative interest rates a year ago by the Bank of Japan is prompting listed companies here to funnel the money they save on borrowing costs toward takeovers and capital investment. The average borrowing rate of 1,387 ... ( read original story ...)

TOKYO -- The planned consolidation of three regional banks in greater Osaka highlights an increasingly harsh business environment and a pressing need to raise efficiency in Japan's shrinking market amid ultralow interest rates. The financial institutions ... ( read original story ...)

Saudi officials also talked to exchanges in Singapore, Hong Kong, Tokyo and Shanghai but are unlikely to pursue ... Saudi officials expect the IPO to value Aramco at a minimum of $2 trillion (£1.61 trillion). Saudi Arabian Oil Co, known as Saudi Aramco ... ( read original story ...)

TOKYO Sumitomo Mitsui Financial Group (8316.T) (SMFG) and Resona Holdings Inc (8308.T) are in talks to merge some of their units, sources said, in what would be the latest in a slow but steady wave of consolidation in Japan's regional banking industry. ( read original story ...)

Japan's efforts to put the kibosh on karoshi, or "death by overwork," by addressing excessive overtime could weigh heavily on economic growth, Deutsche Bank said. "Cuts in overtime hours lead to lower household income, corporate earnings, and the economy's ... ( read original story ...)

Saudi Arabia favors New York for Aramco IPO; also said to be considering London, Toronto - WSJ, citing sources * Saudi officials also have talked to exchanges in Singapore, Hong Kong, Tokyo and Shanghai but are unlikely to pursue listing in those places ... ( read original story ...)

Tokyo stocks overcame early losses to end modestly higher on Monday as yen weakness prompted late bargain-hunting. Shares opened in negative territory even though US stocks hit new highs Friday for the sixth time in seven sessions, with investors focusing ... ( read original story ...)

Exports rose in January due to higher shipments of fuel, car parts and steel, but a decline in auto exports contributed to the slower pace of growth, finance ministry data showed on Monday. Japan's exports to the U.S. fell 6.6 percent in January from a ... ( read original story ...)

Japan logged its first trade deficit in five months in January, official data showed Monday, as higher energy prices overwhelmed slower growth in exports due to the lunar new year. The country routinely falls into deficit in January due to the lunar new ... ( read original story ...)

OSAKA--A Finance Ministry local bureau here sold a state-owned parcel to a private school operator connected to the wife of Prime Minister Shinzo Abe at a fraction of the price of an adjacent similar-sized state-owned lot. Akie Abe will be the honorary ... ( read original story ...)

Japan's merchandise trade balance with the rest of the world came to a Y1.087 trillion deficit. Economists polled by the Nikkei had forecast a Y629.3 billion deficit. Overall imports climbed 8.5% in January to Y6.509 trillion for the first rise in 25 months. ( read original story ...)

Developing games for the Nintendo Switch just got way more affordable. At the Game Creators Conference 2017 in Osaka, Japan, Nintendo announced that Switch development kits would only cost 50,000 yen, or roughly $450. More: Nintendo’s Switch is one ... ( read original story ...)

... to speak on "Looking Back on 10 Years at the Federal Reserve Bank of Atlanta" before the 2017 Banking Outlook Conference - 1335 GMT. YAMANASHI, Japan - Bank of Japan policy board member, Takahide Kiuchi, to meet with business leaders. MONDAY, FEBRUARY ... ( read original story ...)

TOKYO Sumitomo Mitsui Banking Corp (SMBC), one of the main lenders to Toshiba Corp (6502.T), will provide as much support as possible to the troubled Japanese firm, the bank's chief executive said. The TVs-to-nuclear conglomerate is scrambling for cash to ... ( read original story ...)