Search result for Sumitomo
JAPANESE MAJOR SUMITOMO ALL SET TO ACQUIRE FULLERTON INDIA FOR $2.6 BILLION
Highlights
• For the first time, a company based out of Japan is entering general retail lending in India
• Initially the Sumitomo will buy 74.9% in Fullerton India and the remaining 25.1% later
Japanese finance giant Sumitomo Mitsui Financial Group, is all...
SUMITOMO WARNED FOR LEAKING BLUEPRINTS OF SDF WEAPON TO CHINA
Highlights –
- Sumitomo warned for leaking blueprints of SDF weapon to China.
- The Ministry of Economy, Trade and Industry issued the warnings on April 28 to the company.
- A subcontracted firm by Sumitomo Heavy leaked blueprints of a mili...
JAPAN BUSINESS FEDERATION TO HAVE MASAKAZU TOKURA AS THE NEW HEAD
Highlights –
- Japan Business Federation to have Masakazu Tokura as the new head.
- Chairman of Sumitomo Chemical Co., Masakazu Tokura will replace Hiroaki Nakanishi.
- Nakanishi is reported to be battling lymphoma.
- Nakanishi has...
CORONAVIRUS INFECTION HAS LED CASHLESS BANKS TO BECOME MORE PREVALENT IN JAPAN
Highlights –
- Coronavirus infection has led cashless banks to become more prevalent in Japan.
- The first cashless bank branch by Sumitomo Mitsui Banking Corp. was recently opened in November.
- Customers need to show their bank books and ...
TOKYO STOCKS END LOWER ON WEDNESDAY WITH NIKKEI ADVANCING 16% IN 2020
Highlights –
- Tokyo stocks end lower on Wednesday with Nikkei advancing 16% in 2020.
- The 225-issue Nikkei Stock Average ended down 123.98 points.
- Topix index of all First Section issues on the TSE finished 14.50 points.
- Stoc...
TOKYO STOCKS OPEN LOW ON MONDAY OVER SPREAD OF A NEW VARIANT OF COVID-19
Highlights –
- Tokyo stocks open low Monday over spread of a new variant of COVID-19.
- The 225-issue Nikkei Stock Average fell 159.79 points.
- Topix index of all First Section issues on the TSE was down at 11.59 points.
- Stock i...
ANA HOLDINGS CO. TO ACQUIRE $3.8 BILLION IN LOANS FROM BANKS
Highlights –
- ANA Holdings Co. to acquire $3.8 billion in loans from banks.
- Four commercial banks and government-backed banks expected to extend the capital.
- The loan is to bolster the capital base for its airline operator’s earn...
JAPAN’S SUMITOMO BANK TO CHARGE PROCESSING FEES FOR NEW BANK ACCOUNTS
Highlights –
- Japan’s Sumitomo Bank to charge processing fees for new bank accounts.
- Bank accounts that will be open in April 2021 or later and do not use online banking services.
- The bank will collect about $10 annually from acc...
SUMITOMO MITSUI AND MIZUHO REPORT VOTE COUNTING OF SHAREHOLDERS MEETING MISHANDLED
Highlights –
- Sumitomo Mitsui and Mizuho report vote counting of shareholders meeting mishandled.
- Over 1,346 firms in Japan faced the problem.
- Mitsui will consult over possible compensation for the mishandling of votes.
- Japa...
ABERDEEN STANDARD POSTPONES JAPAN RESIDENTIAL FUND LAUNCH
HIGHLIIGHTS
- The recession caused by COVID-19 pandemic has deeply hurt the property market in Japan.
- ASI from United Kingdom (UK) had collaborated with Japan‘s SMTB to launch a residential venture in Japan.
- Due to recession, the plans ...
TOKYO STOCKS OBSERVED A SURGE
Highlights
- It was on the hope of vaccine for COVID-19
- Airlines JAL and ANA Holdings surged 3.19 percent and 2.58 percent respectively
On Tuesday, the Tokyo stocks extended gains sharply. It was buoyed by expectations for the early de...