The dollar rallied on Thursday as investors plowed cash back into riskier asset classes, with an underpinning of promising data.» Read More
*Investors cautious on Europe; eye BOJ for response. TOKYO, Oct 17- Japanese stocks declined on Friday morning, failing to arrest this week's sharp slide as investor nervousness about slowing global growth eclipsed relief over a set of upbeat data from the United States. Investors were also cautious over signs of more financial and economic stress in Europe.
YANGON/ SINGAPORE, Oct 8- Myanmar has thrown open the door to foreign banks, but weak credit protection and tight restrictions on lending mean it's not a warm welcome, at least not yet. Nevertheless, with growth forecast at an annual 8.5 percent over the next few years, according to the International Monetary Fund's latest projections, and an economy where bank...
"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.
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.
*Fanuc soars to life-time high on strong outlook. TOKYO, Sept 26- Japanese stocks dropped to a one-week low on Friday morning as steep falls on Wall Street depressed risk-appetite, though Fanuc Corp soared to a life-time high after it raised its full-year earnings forecast.
*Nikkei heavyweight Softbank falls on profit-taking after Alibaba. TOKYO, Sept 22- Japan's Nikkei share average dropped on Monday as investors booked gains in heavyweight Softbank after the listing of Alibaba Group Holding Ltd, but the broader market held firm near six-year high.
Asian shares rose on Friday following liquidity boosting measures from China and after Scottish voters decided against independence.
*Nikon, Sumco, automakers lead gains. TOKYO, Sept 12- Japanese share prices rose for the fifth straight session to an eight-month high on Friday, with exporters leading the gains on the yen's weakness.
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.
Fees and charges can vary dramatically from bank to bank and region to region, making it important for savers to compare what costs they may face.
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.
Most Asian bourses followed Wall Street higher on Tuesday, except Chinese and Indian shares which failed to track Asia-wide gains.
The euro headed back below $1.34 on Tuesday after a survey of Italian service sector purchasing managers disappointed on the low side.
Asian equity markets were mixed on Monday due to geopolitical tensions and weak economic data from the world's two largest economies.
*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.
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.
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.