TOKYO, Feb. 19 (Kyodo) — ———- Shinsei Bank proves popular on TSE debut<\/p>\n
TOKYO – Shinsei Bank attracted great attention on its first day of trading on the main section of the Tokyo Stock Exchange (TSE) on Thursday, ending the day at 827 yen, 57.5% higher than its initial public offering (IPO) price.<\/p>\n
The stock’s initial quoted price was 872 yen, considerably higher than the IPO price of 525 yen per share. The initial price was struck at 12:45 p.m., after the stock kept rising with bid-only prices.<\/p>\n
———- Mizuho to issue subordinated bonds in U.S., Europe<\/p>\n
TOKYO – Mizuho Financial Group Inc. said Thursday it will issue dollar- and euro-denominated subordinated bonds in the U.S. and European markets through an overseas subsidiary in order to reinforce its capital base.<\/p>\n
Mizuho said it will be the first Japanese bank to issue euro-denominated subordinated bonds.<\/p>\n
———- Rakuten reports record sales, profits for year to Dec.<\/p>\n
TOKYO – Rakuten Inc., Japan’s biggest Internet shopping mall operator, said Thursday its group pretax profit surged 97.9% in the year to Dec. 31 from the previous year to a record 4.44 billion yen on an increase in tenants at its mall.<\/p>\n
Rakuten said its group operating profit rose 86.2% to a record 4.75 billion yen on an 82.8% gain in revenues to a record 18.08 billion yen.<\/p>\n
———- Fuji Electric, Fuji Logistics, Toyota Industries in distribution deal<\/p>\n
TOKYO – Fuji Electric Holdings Co. and its subsidiary Fuji Logistics Co. have agreed with Toyota Industries Corp. to form an alliance in distribution services, the three companies said Thursday.<\/p>\n
Under the agreement, Fuji Logistics, a distribution firm, and Toyota Industries, a maker of automotive equipment and forklifts, will set up a joint venture in April to expand distribution services, they said in a press release.<\/p>\n
———- Mitsubishi Motors raises net loss estimate for year to March<\/p>\n
TOKYO – Embattled Japanese automaker Mitsubishi Motors Corp. said Thursday it has raised its group net loss estimate for the business year to March 31 due to a slump in sales in North America.<\/p>\n
Mitsubishi Motors, owned 37% by DaimlerChrysler AG, said it now expects a group net loss of 72 billion yen against the 11 billion yen projected last November.<\/p>\n
———- Dollar approaches 107 yen line, overcoming early selling in Tokyo<\/p>\n
TOKYO – The U.S. dollar overcame early selling and attempted to retake the 107 yen line Thursday in Tokyo as hedge funds running short-term funds continued to buy back the currency.<\/p>\n
At 5 p.m., the dollar was quoted at 106.72-74 yen, compared with Wednesday’s 5 p.m. quotes of 106.70-80 yen in New York and 105.57-60 yen in Tokyo. It moved between 106.30 yen and 106.88 yen during Thursday trading in Tokyo, trading most actively at 106.60 yen.<\/p>\n
———- Yield on key JGB at 6-month low on deflation concerns<\/p>\n
TOKYO – The yield on the key 10-year Japanese government bond (JGB) issue fell to a six-month low Thursday on buying prompted by a view that deflation will continue to place pressure on the economy.<\/p>\n
In interdealer trading, the yield on the key No. 257 10-year, 1.3% government bond issue fell 0.015 percentage point from Wednesday to 1.210%, the lowest level for a benchmark bond issue since Aug. 18 when it also ended at 1.210%.<\/p>\n","protected":false},"excerpt":{"rendered":"
TOKYO, Feb. 19 (Kyodo) — ———- Shinsei Bank proves popular on TSE debut TOKYO – Shinsei Bank attracted great attention on its first day of trading on the main section of the Tokyo Stock Exchange (TSE) on Thursday, ending the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2381","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/2381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=2381"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/2381\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=2381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=2381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=2381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}