Increased risk of a sovereign default in Greece after Syriza wins elections, with the possibility of Grexit keeping global markets nervous.» Read More
*Japanese lenders also planning to offer new services in India. MUMBAI, Dec 17- Faced with a shrinking economy and tepid loan demand at home, Japan's largest banks are looking to bolster their presence in India, enthused by Prime Minister Narendra Modi's reform agenda and improving ties between the two countries. Standard Chartered, the biggest foreign player in...
Asian bourses finished mixed on the last trading day of the week.
*MUFG H1 net profit 579 bln yen vs own f'cast 450 bln yen. TOKYO, Nov 14- Japan's top three banks reported profits for the first half of the year far beyond their initial estimates, as reduced credit costs made up for more muted stock gains during a period of cooling enthusiasm over "Abenomics". Mitsubishi UFJ Financial Group Inc, Mizuho Financial Group Inc and Sumitomo...
The Bank of Japan (BoJ) is set deliver its biannual economic Outlook Report, which may offer clues about the central bank's next move.
"Given its size, economic potential and its strategic position between China and India, Myanmar is forecast to be one of the fastest growing economies in the region over the medium term," Andrew Geczy, CEO of international and institutional banking for Australia and New Zealand Banking Group, said in a statement.
The Japanese government has selected Nomura Securities and JP Morgan among the 11 underwriters for a planned IPO of state-owned Japan Post.
YANGON, Oct 1- Myanmar has granted nine foreign banks, including three Japanese lenders and Australia's ANZ, approval to operate on a limited basis- a move aimed at spurring foreign investment in an economy emerging from decades of military rule.
TOKYO/ BANGKOK, Oct 1- Three major Japanese banks are among foreign banks that have been granted limited operating licences in Myanmar, a move that Myanmar's government hopes will spur foreign investment in an economy emerging from decades of military rule.
Asian equities were mostly lower on Friday after Wall Street suffered its worst day in nearly two months.
Following reports that the PBoC will provide hefty liquidity injections for its banks, some analysts say something bigger is round the corner.
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.
Asian equities were mixed on Thursday as profit-taking overshadowed robust U.S. economic data overnight.
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.
Asian equities were mostly higher on Monday, led by a rally in Chinese markets, on optimism about the health of the world's second-largest economy.
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.
Asian stocks were mixed on Friday on fears that issues at Portugal's biggest bank could hurt European periphery markets.