At present, the initial public offering (IPO) is anticipated to be listed by the end of 2017, with an expectation to possibly generate over 100 bn yen (€765 mn). At this amount, Mercari has the potential to be the largest IPO, the Nikkei business daily ... ( read original story ...)
Brisk earnings boost Nikkei; but strong yen caps gains
TOKYO, Aug 1 (Reuters) - Japan's Nikkei share average rose on Tuesday, buoyed by companies such as Nitto Denko and Mitsui Sumitomo Financial Group reporting strong earnings, though gains were tempered by a stronger yen. The Nikkei ended 0.3 percent higher ... ( read original story ...)
Japan’s Aso says Tokyo to discuss frozen beef import tariffs in talks with U.S.
TOKYO (Reuters) - Japan's finance minister said on Tuesday Tokyo would raise the issue of tariffs on frozen beef imports from the United States and other countries in bilateral economic talks with Washington later this year. Minister Taro Aso's comments ... ( read original story ...)
Japan’s Leading MCN, Uuum, Files For IPO
Japan’s leading YouTube multi-channel network, Uuum, is slated to go public on the Tokyo Stock Exchange (TSE) on Aug. 30. Uuum’s TSE application has been approved, reports The Bridge, and the company will be listed on the Mothers market, which is ... ( read original story ...)
Japan’s biggest bank ‘set to move investment operations from London to Amsterdam’ because of Brexit
Japan’s biggest bank is reportedly set to move its European investment operations from London to Amsterdam because of the uncertainty posed by Brexit. MUFG could move hundreds of its 2,100 London employees to the Dutch capital, sources told the Financial ... ( read original story ...)
Saudi Aramco advisers favour London for mega IPO
Reuters reported in April that China is creating a consortium, including state-owned oil giants and banks and its sovereign wealth fund, to act as a “cornerstone” IPO investor. As well as New York and London, Hong Kong, Singapore, Tokyo, Hong Kong and ... ( read original story ...)
Oil surges as dollar continues slippery slide
On equity markets, Tokyo slipped as the yen hardened against the dollar while ... Saudi Arabia seems intent on playing its role as the world’s swing producer ahead of the Aramco IPO, impending sanctions on Venezuela by the US will almost certainly ... ( read original story ...)
Oil surges as dollar claws back losses
"Inventories are showing massive drawdowns, Saudi Arabia seems intent on playing its role as the world’s swing producer ahead of the Aramco IPO, impending sanctions ... senior economist at Nomura Securities in Tokyo. "The economy itself is stronger ... ( read original story ...)
Japan shares lower at close of trade; Nikkei 225 down 0.17%
Investing.com – Japan equities were lower at the close on Monday, as losses in the Finance & Investment, Steel and Automobiles & Parts sectors propelled shares lower. At the close in Tokyo, the Nikkei 225 lost 0.17% to hit a new 1-month low. Declining ... ( read original story ...)
Japan stocks lower at close of trade; Nikkei 225 down 0.17%
Investing.com – Japan stocks were lower after the close on Monday, as losses in the Finance & Investment, Steel and Automobiles & Parts sectors led shares lower. At the close in Tokyo, the Nikkei 225 lost 0.17% to hit a new 1-month low. Falling stocks ... ( read original story ...)
REPORT: Japan’s biggest bank chooses Amsterdam ahead of Frankfurt for post-Brexit EU hub
LONDON – Japan's biggest bank, Mitsubishi UFJ Financial Group, has chosen the Dutch capital Amsterdam as the location of its post-Brexit EU headquarters, according to a report from the Financial Times on Sunday. Citing "two people briefed on the ... ( read original story ...)
Ex-Moritomo Gakuen chief arrested over subsidy fraud
OSAKA--Prosecutors arrested the former head of private school ... found that the school operator purchased state-owned land in Toyonaka from the Kinki Local Finance Bureau of the Finance Ministry in June 2016 for just 14 percent of its appraised value. ( read original story ...)
Kagoikes arrested over alleged subsidy fraud involving Moritomo Gakuen schools plugged by Abe’s wife
OSAKA – Prosecutors on Monday arrested the former chief of ... after holding negotiations with the Finance Ministry’s local bureau in the area. Abe’s wife resigned her honorary post at the school after the deal came to light, but the possibility ... ( read original story ...)
Finance : REPORT: Japan’s biggest bank chooses Amsterdam ahead of Frankfurt for post-Brexit EU hub
Mitsubishi UFJ Financial Group has already shifted its main EU HQ for corporate and retail banking to Amsterdam. LONDON – Japan's biggest bank, Mitsubishi UFJ Financial Group, has chosen the Dutch capital Amsterdam as the location of its post-Brexit EU ... ( read original story ...)
Japan’s biggest bank chooses Amsterdam ahead of Frankfurt for post-Brexit EU hub
LONDON – Japan's biggest bank, Mitsubishi UFJ Financial Group, has chosen the Dutch capital Amsterdam as the location of its post-Brexit EU headquarters, according to a report from the Financial Times on Sunday. Citing "two people briefed on the ... ( read original story ...)
Nikkei flat as upbeat earnings undermined by yen worries
TOKYO, July 31 (Reuters) - Japan's Nikkei share average was little changed on Monday, as gains in steelmakers and other companies with upbeat earnings were offset by wariness about the yen's creeping rise to a 1-1/2-month high against the dollar. ( read original story ...)