Saudi favours New York for Aramco IPO

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. Saudi Aramco was not immediately available for comment. ( read original story ...)

Japan carving out wider pathway for foreign service workers

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 hasn't looked this good in years

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 ...)

Negative rates put corporate Japan in a spending mood

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 ...)

Japan's regional bank consolidation gains momentum

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 ...)

Eyes on Kansai for EEC inspiration

Osaka is the centre of the region, a vast metropolitan area second only to Tokyo in scale. Kansai was one of six areas designated on May 2014 by the Abe administration as Japan's national strategic special zones equipped with business-friendly conditions ... ( read original story ...)

BRIEF-Saudi Arabia favors New York for Aramco IPO- WSJ

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 end higher as yen loses ground

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 ...)