Last month, India's fifth largest private sector bank was in the news for all the wrong reasons. Yes Bank saw its shares tumble 7.4%, its biggest single day fall in two years, post reports of a huge difference between its disclosed bad loans and RBI's ... ( read original story ...)
Euroclear receives Foreign Bank Branch Licence in Japan
EUROCLEAR Bank, the international central securities depository, has been granted a licence from Japan's Financial Services Agency (FSA) to establish a foreign bank branch under the Japan Banking Act. Euroclear Bank Japan Branch also expects to gain FSA ... ( read original story ...)
Yes Bank Raises $400 Million Through Two Syndicated Loan Transaction In Taiwan, Japan
Yes Bank is raising $400 million through two syndicated loan transactions in Taiwan and Japan, comprising of $ 250 million from Taiwanese banks and $150 million from Japan. Yes Bank has tied up 5-year commercial loan in a syndication led by CTBC Bank, Bank ... ( read original story ...)
Yes Bank raises $400 million loans from Japan, Taiwan
This borrowing will be used for on-lending through its international branch at GIFT City, Ahmedabad. Mumbai: Midsize private sector lender Yes Bank has raised USD 400 million in syndicated loans from lenders in Taiwan and Japan for on-lending to clients. ( read original story ...)
BANK OF JAPAN : Japan’s key bond yield ends lower after BOJ debt buying operation
The yield on the bellwether 10-year Japanese government bond ended lower Tuesday as buying was sparked by the Bank of Japan's purchase operation. The yield on the No. 348, 0.1 percent issue, the main yardstick of long-term interest rates, ended interdealer ... ( read original story ...)
Japan Tobacco’s new CEO lights up Imperial with M&A talk
TOKYO/LONDON (Reuters) - Japan Tobacco Inc (2914.T) sparked takeover speculation on Tuesday by naming a new chief executive who wants the world's third-largest international tobacco maker to do more overseas acquisitions to offset falling cigarette sales ... ( read original story ...)
Japan’s biggest lender MUFG plans to slash workforce some 15% by 2024
Japanese banking giant Mitsubishi UFJ Financial Group plans to shrink its domestic workforce by around 15 percent, the firm said Tuesday, tightening payrolls as it looks to bolster profits squeezed by ultra-low interest rates. MUFG announced it would lose ... ( read original story ...)
Osaka City ‘A+/A-1’ Ratings Affirmed; Outlook Stable
Our ratings on Osaka primarily reflect its very strong economy, which sustains a stable flow of own-source revenues, and the city's long record of fiscal consolidation to balance its budget, reduce debt, and build financial reserves. These factors have led ... ( read original story ...)
Why Saudis Are Pinning Their Future on Giant Oil IPO: QuickTake
International exchanges are clamoring for the business, including London, New York (U.S. President Donald Trump helped with the pitch), Tokyo, Singapore and Hong ... to the domestic exchange. Hosting the IPO outside Saudi Arabia would attract unprecedented ... ( read original story ...)
Why a Singapore Cryptocoin Firm Now Does Its Banking in Japan
Quoine Pte, a cryptocoin exchange operator founded in Singapore, said it’s now routing customers’ payments to Japan, where the firm banks with lenders including Mitsubishi UFJ Financial Group Inc. after an account in the city-state was closed. ( read original story ...)
Osaka woman arrested after 4 corpses of newborns found encased in concrete
Osaka police arrested a 53-year-old woman after four buckets ... “I thought that I could not afford to raise children because of financial difficulties,” the suspect was quoted by police Police believe Saito encased the bodies in concrete between ... ( read original story ...)
Japanese banking official warns on extended low interest rates
Where will Japan’s large-scale monetary easing campaign take the banking industry? For the head of the nation’s banking sector, the extremely low interest levels in Japan may disrupt the financial system if they remain in effect for a protracted period ... ( read original story ...)
Japan shares at crucial point of possible uptrend: Japan Post Bank CIO
TOKYO (Reuters) - Japanese shares are at an important make-or-break point and a decisive rise above current levels will usher in a long-term uptrend in the market, Katsunori Sago, chief investment officer at Japan Post Bank, said on Thursday. The bank ... ( read original story ...)
BOJ should consider selling put options on Japan stocks: Japan Post Bank CIO
TOKYO (Reuters) - The Bank of Japan should consider using derivatives, rather than buying Japanese stock funds directly as it does now, to affect risk premium on stocks, because that would be a better tool, said the chief investment officer of Japan Post Bank. ( read original story ...)
A strong correlation is breaking down during the Nikkei’s epic rally
REUTERS/Lucas Jackson Japan's Nikkei has rallied 22% since the end of August. For many years the Nikkei and the yen have been strongly correlated, but that has changed. Over the last couple months as a Japanese investor, the moves have been nothing less of ... ( read original story ...)
NIKKEI : Japanese regulators raid Airbnb over suspected antitrust practices
Japanese fair trade regulators raided last month the offices of Airbnb Inc over suspected violations of antitrust laws, the home rental site said on Friday, denying any wrongdoing. The Japan Fair Trade Commission (JFTC) carried out an on-site inspection of ... ( read original story ...)