Asian equities were mostly lower on Friday after Wall Street suffered its worst day in nearly two months.» Read More
LONDON, Sept 5- Japan's Mitsubishi UFJ Financial Group is confident it will buy more retail banks in the United States to vault it into the country's top 10 banks and allow it to make use of more dollar deposits, a top executive told Reuters. Domestic rivals, including Sumitomo Mitsui Financial Group and Mizuho Financial Group, are also growing overseas.
TOKYO, Aug 20- Citigroup Inc is preparing to sell its Japanese retail banking operations, a source with direct knowledge of the matter said on Wednesday, as it waves the white flag on a venture plagued by regulatory troubles and anaemic lending.
TOKYO, July 31- Mitsubishi UFJ Financial Group reported a far milder quarterly profit decline than its main banking rivals as aggressive overseas expansion dulled the impact of perennially weak loan demand at home.
TOKYO, July 31- Two of Japan's three biggest banks saw profits fall at double-digit rates in the first quarter as gains in the value of shares the banks' owned grew at a far slower rate than last year, when government pro-growth pledges sparked a share price surge.
*Nintendo dives after dismal earnings. TOKYO, July 31- Japan's Nikkei share average rose to a fresh six-month high on Thursday after solid U.S. growth buoyed sentiment and as the weakening yen lifted exporters, while Sumitomo Mitsui Financial Group's earnings boosted the banking sector.
Investors are paying close attention to this reporting season which will give insights into how profitability is holding up following the tax hike.
Japan will be the market to watch this week on the back of key data and as earnings season in the world's third-largest economy kicks into full gear.
The licence for New Kansai International Airport, which will be bundled with the operating rights for smaller Osaka International Airport, should fetch at least 2 trillion yen, Keiichi Ando, the chief executive of the government-owned New Kansai International Airport Co, told reporters.
Asian stocks were mixed on Friday on fears that issues at Portugal's biggest bank could hurt European periphery markets.
*Mitsubishi UFJ, CIMB and TPG among suitors- bankers. *Targets include Rizal Commercial Banking Corp- bankers.
TOKYO, June 24- Prime Minister Shinzo Abe will announce steps aimed at weakening Japan's powerful farming cooperative as part of a reform package on Tuesday, but the plan has been watered down after lobbying and lacks details. Reforms unveiled last year failed to excite investors and led to a decline in Japan's stock market.
The debt package exceeds $40 billion and includes a bridge loan of roughly $20 billion from Japan's Softbank Corp to Sprint, as well as some $20 billion refinancing of T-Mobile's existing debt, the people said this week.
A month after a landslide election win, India's new government finds itself having to take action to fulfill a pledge to contain inflation.
*Wall Street rise, solid U.S. housing data support sentiment. TOKYO, May 26- Japanese shares climbed to a one-month high on Monday morning, extending its winning streak to a third day, helped by the yen's retreat and a closing record-high for Wall Street on upbeat U.S. housing data.
*Nikkei turns negative on week, strong yen hits exporters. *Fall in U.S. stocks, yields raise concerns. TOKYO, May 16- Japanese shares stumbled on Friday as the combination of a stronger yen and a second day of declines on Wall Street depressed sentiment, leaving the market poised for the third-week of losses in the past month.
TOKYO, May 14- Japan's three biggest banks beat market forecasts with record annual profits, fuelled by a stock market boom, but said earnings will fall this business year as the glow of "Abenomics" fades and lending gains remain restrained.
TOKYO, May 14- Japanese banks' profits are likely to fall this business year from last when stock-related gains sent earnings soaring, but the overseas reach of Mitsubishi UFJ Financial Group Inc will ensure the biggest lender by assets loses out the least.
TOKYO, May 2- The core unit of Mizuho Financial Group Inc is talking to several Asian banks about investing in their operations, a top executive said, but Japan's second-largest lender by assets is unlikely to make the sort of flashy deals like those done recently by its rivals.
Asian equities were mixed on Tuesday as investors were cautious about the prospect of further U.S. sanctions on Russia.
Asian stocks were mixed on Thursday as investors fretted about tougher sanctions against Russia.