Most Asian bourses followed Wall Street higher on Tuesday, except Chinese and Indian shares which failed to track Asia-wide gains.» Read More
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.
*Argentine's default, Portugal bank woe hit financials despite limited exposure. TOKYO, Aug 4- Japanese stocks were flat on Monday after slipping to a one-week low in choppy early trade, as more losses on Wall Street and the conflict in Gaza and Ukraine sapped risk appetite.
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.
TOKYO, July 31- Mitsubishi UFJ Financial Group Inc on Thursday said net profit fell 5.8 percent in April-June in part due to expenses after acquiring Thailand's Bank of Ayudhya PCL. MUFG, which owns about one-fifth of Morgan Stanley, reported net profit of 240.5 billion yen in April-June from 255.3 billion yen a year earlier.
*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.
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.
Asian equities were mostly lower on Tuesday, tracking U.S. declines, while caution set in ahead of the second-quarter earnings season.
*Mitsubishi UFJ, CIMB and TPG among suitors- bankers. *Targets include Rizal Commercial Banking Corp- bankers.
TOKYO, June 27- Four years after Japan tightened rules on the consumer finance industry- and wiped out thousands of non-bank moneylenders- some lawmakers in the ruling Liberal Democratic Party want to shift back to deregulation, arguing this would help small businesses access the cash they need and fuel economic growth.
TOKYO, June 18- Japan's Nikkei share average edged up on Wednesday morning, benefitting from gains on Wall Street and a weaker yen which drove exporters higher. Exporters were stronger after the dollar reached a one-week high of 102.25, with Panasonic Corp soaring 2.9 percent, Nissan Motor Co adding 0.5 percent and Tokyo Electron Ltd gaining 1.2 percent.
TOKYO, June 16- A pattern of spending on hostess bars and overseas junkets for local pension fund officials went unchecked by senior managers at Deutsche Bank's Japanese securities arm, who failed to prevent or turned a blind eye to expenses that could be prosecuted as bribery, previously undisclosed details of a regulatory investigation show.
*Shares bought back after MSCI keeps rival South Korea, Taiwan shares in EM Market cautious after Nikkei trades above 15,000- analyst.
TOKYO, June 10- Japan's Nikkei share average fell to a one-week low on Tuesday in choppy trade as investors took profits after the weak yen trend paused, while Mitsubishi UFJ Financial Group rose on a brokerage upgrade. The Nikkei shed 0.9 percent to 14,994.80, the lowest closing since June 2.
TOKYO, June 10- Japan's Nikkei share average edged down Tuesday morning in choppy trade as investors took profits after the index hit a three-month high the previous day, but losses were limited by another rise on Wall Street.
*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.