Sapporo Securities Exchange Closed Due to Quake
September 6, 2018
Tokyo- -The Sapporo Securities Exchange shut its stock market throughout Thursday after a powerful earthquake hit the northernmost Japan prefecture of Hokkaido earlier in the day. There was no stock transaction at all on the exchange because its monitoring and other
Stocks index, peso down after inflation figures announced
September 5, 2018
The main stock index fell while the peso weakened to a 12-year low after the government announced that August inflation surpassed official projections to hit 6.4 percent on Wednesday. The peso finished at P53.55 against the US dollar from P53.535
Economic Concern Grows over Kansai Airport Shutdown
September 5, 2018
Osaka- With Kansai International Airport closed since Tuesday due to damage from powerful Typhoon Jebi, concerns are growing over potential adverse ramifications, in particular for tourism, which has been a driving force of the economy in western Japan. The round-the-clock
Central bank says August inflation spike caused by “supply-side factors”
September 5, 2018
The Bangko Sentral ng Pilipinas ( BSP) said the spike in August inflation to 6.4 percent “could be attributed to the impact of supply-side factors owing to recent weather disturbances and the continued uncertainty in rice supply.” Energy and transport prices
Stocks gain but peso down
September 4, 2018
Stocks rose but the peso weakened on Tuesday a day before the government announces August inflation figures. The peso closed at P53.535 against the US dollar from Monday’s P53.46, Volume at the Bankers Association of the Philippines reached $440.75 million
Suruga Bank Extends Massive Loans to Founding Family Firms
September 4, 2018
Tokyo- Japanese regional lender Suruga Bank extended loans totaling tens of billions of yen to companies linked to its founding family, it was learned Tuesday. The borrower companies include ones without substance that are headed by founding family members, informed
Nidec Buys German Firm to Bolster Industrial Robot Parts Biz
September 4, 2018
Kyoto- Japanese motor maker Nidec Corp. has acquired all outstanding shares in German industrial robot parts manufacturer MS-Graessner GmbH and its group companies. The transaction was carried out on Friday through Nidec-Shimpo Corp., a Nidec unit based in Nagaokakyo, Kyoto
Mizuho Securities Forms Tie-Up with Peking Univ.
September 4, 2018
Tokyo- Japan’s Mizuho Securities Co. has formed a business tie-up with Peking University to bolster its stock trading services utilizing artificial intelligence systems. Mizuho Securities plans to develop AI algorithms by collaborating with the Chinese university’s AI laboratory led by
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