Edition:
United Kingdom

Takashi Umekawa

SMFG's chances of buying Permata improve after Singapore banks drop out: sources

15 Nov 2019

SINGAPORE Sumitomo Mitsui Financial Group's (SMFG) chances of snapping up Indonesia's PT Bank Permata have improved after two key rivals dropped out of the race to buy the $2.4 billion-valued lender, sources said on Friday.

Japan's SMFG boosted after two rivals drop out from Bank Permata bidding-sources

15 Nov 2019

SINGAPORE, Nov 15 Sumitomo Mitsui Financial Group's (SMFG) chances of acquiring a majority stake in PT Bank Permata have improved after two key rivals dropped out of the race to buy the $2.4 billion-valued Indonesian lender, sources said.

Japan's Mizuho falls further behind rivals as zero-rates sting

14 Nov 2019

TOKYO Mizuho Financial Group reported a 20% drop in first-half profit on Thursday, as ultra-low interest rates have left the most domestic of the major Japanese banks limping behind its bigger rivals.

Japan's SMFG, Singapore's OCBC compete for majority stake in Indonesian bank: sources

07 Nov 2019

SINGAPORE Sumitomo Mitsui Financial Group (SMFG) and Singapore lender OCBC Group Holdings are vying to buy Indonesia's PT Bank Permata and are working on respective offers, sources familiar with the matter said on Thursday.Japanese and other Asian banks are increasingly targeting a presence in Indonesia in the hope of tapping an emerging middle class in the country with a population of 260 million people.

Japan's GPIF reports $16.7 billion second-quarter profit, gives fewer details while deciding new portfolio

01 Nov 2019

TOKYO Japan's Government Pension Investment Fund, the world's largest pension fund, reported on Friday a profit of 1.8 trillion yen ($16.7 billion) for July-September, but disclosed fewer details than usual as it reassesses its investment portfolio.

Japan's Nomura logs 17-year quarterly profit peak on stake sale and trading

29 Oct 2019

TOKYO Japan's Nomura Holdings posted its strongest quarterly profit in more than 17 years, lifted by the sale of a stake in an affiliate as well as trading gains and improved performance at its wholesale division.

BOJ should tread carefully when deliberating deeper cuts, Mizuho Bank head says

15 Oct 2019

TOKYO The Bank of Japan (BOJ) needs to be careful when deciding whether to deepen negative rates, the head of Mizuho Bank said, adding the contentious issue of charging account maintenance fees should be seen as separate from monetary policy.

RPT-UPDATE 1-Foreign banks warn Japan's tighter reporting rules to cause 'chilling effect' -document

11 Oct 2019

* Would hid market liquidity, domestic fundraising, banks say

UPDATE 1-Foreign banks warn Japan's tighter reporting rules to cause 'chilling effect' -document

10 Oct 2019

* Would hid market liquidity, domestic fundraising, banks say (Adds analyst comment, background)

Japan to tighten ownership reporting rules to boost national security

08 Oct 2019

TOKYO Japan will tighten reporting requirements for foreign investment in industries related to national security, officials said on Tuesday, reflecting broad concern that China could gain access to key technology and confidential information.

World News

Prince Andrew halts public duties over sex scandal

Britain's Prince Andrew stepped down from public duties on Wednesday, saying the controversy surrounding his "ill-judged" association with late U.S. financier Jeffrey Epstein had caused major disruption to the royal family's work.