Japan
Dai-ichi Priced at Premium to T&D, Discount to Sony in 2010's Biggest IPO Dai-ichi Mutual Life Insurance
Co.’s initial public offering, the biggest in Japan since 1998,
will value the company’s shares right between its two largest
competitors.
All Nippon Airways Predicts Profit Next Fiscal Year on Job Cuts, Expansion All Nippon Airways Co., Asia’s
second-largest carrier by sales, predicted a return to profit
next fiscal year as the company cuts jobs and adds flights.
Japan's Stocks Rise on U.S. Job, Production Data; Property Developers Drop Japanese stocks rose, sending the
Nikkei 225 Stock Average to its sixth weekly advance, after
reports on U.S. jobless claims and Philadelphia manufacturing
boosted confidence in the world’s biggest economy.
Dollar Rises as India's Rate Boost Damps Appetite for Higher-Yield Assets The dollar and the yen rose against
most major counterparts as India unexpectedly raised interest
rates and the Dow Jones Industrial Average fell for the first
time in nine days, damping demand for assets linked to growth.
Japan's Bonds Complete Third Weekly Decline on Signs Economy Is Recovering Japan’s bonds fell for a third week
as signs the world’s second-largest economy is recovering damped
demand for the safety of government debt.
BNP Paribas Said to Hire 30 KBC Staff in Tokyo as Belgian Bank Shuts Unit BNP Paribas SA, France’s biggest
bank, will take as many as 30 equity staff from KBC Groep NV’s
Tokyo-based unit as KBC reduces its presence in Japan, said two
company officials with direct knowledge of the situation.
Deutsche Hires Mitsubishi Executive Yamaguchi to Boost Tokyo Commodities Deutsche Bank AG, Germany’s biggest
bank, hired the president of Mitsubishi Corp.’s fuel-trading
unit, Kenichiro Yamaguchi, to meet growing demand from Japanese
power utilities for hedging commodities against price swings.
Pound May Reach Month High Versus Yen on Breakthrough: Technical Analysis The pound may rise to a one-month
high against the yen after the U.K. currency broke through its
20-day moving average, according to Gaitame.com Research
Institute Ltd., citing trading patterns.
Dollar May Drop Versus Yen on Japan's Holiday `Jinx,' Credit Agricole Says The dollar may drop against the
yen on speculation currency volatility will jump as Japan’s
financial markets close for a national holiday on March 22,
according to Credit Agricole CIB.
Toyota Asks ABC News to Retract `Irresponsible' Sudden-Acceleration Report Toyota Motor Corp. asked U.S.
broadcaster ABC News to retract and apologize for an
“irresponsible” report it aired last month suggesting
electronics as the cause of sudden acceleration in its cars.
Sengoku Says Japan Has `Extremely Little' Room for More Economic Stimulus National Strategy Minister Yoshito
Sengoku said Japan has “extremely little” room for additional
stimulus spending because of the country’s financial condition.
Hatoyama Approves Submission of Bill to Restrict Temporary Staff Hiring Japanese Prime Minister Yukio
Hatoyama’s cabinet agreed today to submit legislation making it
harder to hire temporary workers in an effort to push
manufacturers to retain employees as the economy recovers.
Japan Welcomes UN Conference Vote Against Trade Ban on Atlantic Bluefin Japanese Prime Minister Yukio
Hatoyama said he welcomed the decision by a United Nations-
sponsored conference on endangered species to vote against a ban
on the international trade of Atlantic bluefin tuna.
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