MIZUHO FINANCIAL GROUP
Japan's main stock indexes at record closing highs as banks, autos and techs rise
Japan's Topix and Nikkei hit record highs, led by gains in automakers, banks, and tech firms like Toyota, Honda, Mitsubishi UFJ, Advantest, and SoftBank. Yugo Tsuboi cited interest rates, a weak yen, and economic improvement. The TSE’s prime market saw 59% of stocks rise, with a positive corporate outlook expected, according to Daiwa Securities.
Yen's relentless slide revives Japan's interest in structural reforms
Japanese policymakers are focusing on structural economic factors driving persistent yen declines, as market intervention has limited impact on the currency's broader slide.
InCred Capital appoints Julius Baer India’s Vikram Agarwal as chief operating officer
InCred Capital appointed Vikram Agarwal as its COO, who brings extensive experience from Julius Baer India to lead various functions at the Mumbai-based company.
Roadblocks for q-commerce; Mizuho InCred deal
Happy Friday! As quick commerce platforms diversify, they are likely to face operational challenges. More on this in today’s ETtech Morning Dispatch.
Japan's Mizuho hires Sanjay Nayar as advisor for Mizuho Bank India
An active player in the Indian financial services space, Mizuho has already infused about $500 million (₹4,100 crore) into its India bank branches. Mizuho made an investment of $145 million for a 15% equity stake in credit card issuer Credit Saison’s Indian subsidiary, Kisetsu Saison Finance (India) recently.
Mizuho is in talks to buy KKR’s part stake in fintech company InCred
According to latest discussions, global investment firm KKR may sell around 10% stake in Mumbai-based tech-driven NBFC InCred but this may change depending on how the talks progress, sources told ET.
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Gautam Adani in talks with banks to borrow $600 million for gas unit
The loan will be raised by Dhamra LNG Terminal Pvt., a unit of Adani Total Pvt., the people said, asking not be named because the details are private. The debt’s tenor could range from three to five years, with the pricing likely linked to the Secured Overnight Financing Rate, they said.
Japan's Nikkei drops 1% on Uniqlo owner tumble, Wall Street slide
Japan's Nikkei share average dropped 1% on Wednesday, weighed down by a fall in heavyweight Fast Retailing, owner of the Uniqlo store chain, and overnight declines on Wall Street.
Rakuten Group aims to integrate bank, fintech units
The finances of the parent, centred on ecommerce platform Rakuten Ichiba, have suffered since its 2020 launch of a mobile carrier that led to 14 straight quarters of operating losses.
Hinduja company taps Japanese banks to fund Reliance Capital buy
Japanese banks may derive comfort from Reliance Capital's association with Nippon Life, a joint venture partner of the former, according to the sources. The two together run a life insurance joint venture in India.
Mizuho courting India elite shows Japan banks’ global ambition
Mizuho Financial Group Inc. showcased its business ties in India at Mumbai’s St Regis hotel. Mizuho announced its largest-ever acquisition in India. Adani Group, Hindenburg Research, and Japanese lenders have also played a significant role in Indian offshore loans. HSBC Holdings Plc. topped the league tables last year.
Japan's Mizuho aims to remain a top 10 global investment bank
Mizuho ranked 10th in LSEG's investment banking league table last year, benefiting from a lead underwriting role in chip designer Arm's initial public offering and the purchase of U.S. mergers-and-acquisitions (M&A) advisory Greenhill.
If somebody wants a billion dollar cheque, we can do it: Yasuhiro Kubota, Asia Pacific Co-CEO, Mizuho Bank
Mizuho Bank, Japan's third-largest 'megabank', has made a significant investment in India, allowing it to create a lending capacity and support local Indian corporates. The bank specializes in loan against shares, promoter financing, and large ticket acquisition financing, supporting billion-dollar acquisitions.
Japan's Mizuho Bank acquires 15 pc stake in Credit Saison India for Rs 1,200 crore
Mizuho Bank has acquired a 15% stake in digital non-banking finance company Credit Saison India for INR 1,200 crore ($160 million). This is Credit Saison's first investment from an external investor, allowing it to continue its growth and profitability.
Japan's Mizuho lines up Rs 4,100 crore for India
Piyush Agarwal, senior managing director, Mizuho India, said the fresh capital infusion will help the bank raise corporate limits, increase loan ticket sizes and step up structured finance options instead of plain vanilla financing the bank was doing in the country so far.
IIFL Finance raises $50 million from Japan's Mizuho Bank
The loan, priced at 120 basis points over Tokyo overnight average rate (Tonar), will be used for onward retail lending. One basis point is 0.01 percentage point. Tonar is at a negative 0.1%. However, for calculation of the lending rate, zero is considered as the benchmark.
Adani Group raises $3.5 billion to refinance debt
The transaction is being financed by a consortium of 10 international banks including DBS Bank, First Abu Dhabi Bank, Mizuho Bank and MUFG Bank. Other banks in the consortium include Barclays Bank PLC, BNP Paribas, Deutsche Bank, ING Bank, Sumitomo Mitsui Banking Corporation and Standard Chartered.
Soaring yields leave stocks struggling for headway
Yields go up when bond prices go down. U.S. Ten-year yields are up almost 40 bps for the month so far. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4%, led by volatile gains in China.
Tokyo stocks close lower
Tokyo stocks closed lower on Wednesday due to concerns of short-term overheating. The Nikkei 225 lost 0.25% with the Topix index slipping by 0.01%. Mizuho Securities stated that the decline was led by sales due to short-term overheating worries. Investors were cautious ahead of key US jobs data later this week, as traders wound down for the Independence Day holiday.
Japan stocks fall on profit-taking; trading firms surge on Buffett buying
Japanese stocks declined for two consecutive sessions due to investors locking in profits. Trading houses, however, increased after Warren Buffet added to his stakes in the sector. Tokio Marine Holdings and Mizuho Financial Group both dropped due to a broad sell-off in insurers and financial companies. The Topix index fell 0.81% to 2,271.91 but the trading house sector increased by 0.89%. Technical indicators show short-term overheating, causing investors to sell their stocks and lock their gains. McDonald's Holdings Company Japan rose 0.52% after announcing a price increase in its urban locations.
Adani trumpets stable ties to global banks in bid to ease investor worries
Adani shares and bonds have regained some lost ground over the past month or so after it repaid some debt and attracted a $1.9 bn investment from boutique investment firm GQG Partners. Still, Adani is battling an investigation by India's market regulator which is looking into Hindenburg's allegations as well as the group's related party dealings following an SC directive.
Japan shares end higher as bank stocks rise amid easing financial crisis fears
"Bank stocks lifted the market today, but investors sold shares that had outperformed in previous sessions, which limited overall gains," said Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities.
Singapore fintech Kredivo Holdings wins Asia’s largest fundraise at $270 million since SVB’s fall
The fundraising shows that some startups are still finding capital even as the venture industry grapples with rising interest rates, elevated inflation and a tech downturn.
Tokyo shares end lower
The dollar bought 133.25 yen in Asian trade, against 133.07 yen in New York and 131.89 yen in Tokyo late Tuesday. Sony Group gave up early gains and ended down 0.64 percent to 11,705. SoftBank Group fell 1.01 percent to 5,791 yen.
Japanese shares edge higher despite surprise economic contraction
Appetite for Japanese stocks is getting stronger as investors see them as a bargain," said Chihiro Ohta, assistant general manager, investment research and investor services, SMBC Nikko Securities."We can shrug off the (Japan economic) data because that was in the past. Japan's economy stands in a favourable position compared with that in the United States and Europe."
Chinese banks continue to dominate; ICICI latest Indian entrant among top banks in APac
SBI, India’s largest bank by assets, jumped two spots to be ranked 22nd in the list with $695 billion in assets. HDFC Bank, the country’s private sector bank also improved its position to 44th from 46th last year. ICICI just about made it to the list at number 50 with $226 billion in assets.
Nikkei closes 2% higher; Japan shares jump as investors shrug off GDP data to buy battered stocks
The Nikkei share average advanced 2.09 per cent to close at 28,406.84, recovering from a four-month low hit last week, while the broader Topix added 1.54 per cent to 1,907.74.
Mizuho may face $90 mn loss from Archegos: Nikkei
The Financial Times earlier reported that Mizuho had conducted an investigation into its possible losses related to the U.S.-based fund, and its potential losses could be similar to those of the brokerage arm of Mitsubishi UFJ Financial Group Inc.
Japanese shares slip on market outlook caution, Fast Retailing shines
The Nikkei 225 index settled down 0.19% at 30,236.09, reversing earlier gain, while the broader Topix fell 1% to 1,941.91.
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