Asian bourses finished mixed on the last trading day of the week.» Read More
NEW YORK, Nov 18- Bank of Tokyo-Mitsubishi has agreed to pay $315 million to New York's banking regulator for submitting a whitewashed report about its improper handling of transactions involving countries subject to U.S. sanctions, the regulator said on Tuesday. The report formed the basis for a $250 million settlement the bank, the largest in Japan, reached...
TOKYO, Nov 17- Japan's Nikkei share average tumbled 2.6 percent to a one-week low on Monday morning after Japan's economy unexpectedly slipped into recession. The news prompted investors to take profits after recent gains stemming from expectations Prime Minister Shinzo Abe will postpone a planned sales tax hike. Japan's economy unexpectedly shrank an...
*Japan's GDP fall cements views Abe will call election. TOKYO, Nov 17- Japan's Nikkei share average fell on Monday morning after Japan's economy unexpectedly slipped into recession, prompting investors to take profits from recent gains on the view that Prime Minister Shinzo Abe will postpone a planned sales tax hike. Japan's economy unexpectedly shrank an...
*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...
TOKYO, Oct 31- Japanese stocks soared to levels before the global financial crisis on Friday, after the Bank of Japan stunned markets by easing policy further in a move prompted by slow inflation after an April tax hike dented economic growth. The central bank decided to increase the pace at which it expands base money to about 80 trillion yen per year, up from a...
*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.
Asian equities were mostly lower on Friday after Wall Street suffered its worst day in nearly two months.
*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.