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Wells Fargo faces angry shareholders, protesters but board stays on

via The Japan Times    Apr 26, 2017

A protester (center) is escorted away from a Wells Fargo annual shareholder meeting by hotel security and police officers in Jacksonville, Florida, Tuesday. | REUTERS

Wells Fargo’s top management faced a series of protesters and apologized to investors Tuesday, but board members kept their jobs — albeit barely in some cases — at the first big shareholder m...

Japan Post to book first net loss since privatization

via The Japan Times    Apr 25, 2017

Japan Post Holdings Co. is set to fall into the red for the first time since it was privatized in 2007, posting a net loss of about ¥40 billion for the business year that ended March 31, the p...

North Korea’s alien ATMs inoperable in possible sign of China sanctions

via The Japan Times    Apr 24, 2017

A person touches the screen of an automated teller machine at the Sunan International Airport in Pyongyang April 11. No modern airport terminal is complete without an ATM, and Pyongyang's now has two. But they don't work, because of new Chinese sanctions, according to bank officials, and it's not clear when they will. | AP

The airport in the North Korean capital has two ATMs but according to bank officials, because of new Chinese sanctions, they don’t work. ATMs are an alien enough concept in North Korea that t...

Japan Post seen taking giant loss on Toll Holdings acquisition

via The Japan Times    Apr 20, 2017

Japan Post Holdings Co. might post impairment losses worth hundreds of billions of yen for fiscal 2016 related to its acquisition of an Australian logistics firm in 2015, sources close to the matte...

Reflationist and banker nominated to replace Bank of Japan Policy Board dissenters

via The Japan Times    Apr 18, 2017

The Abe government on Tuesday nominated banker Hitoshi Suzuki and economist Goshi Kataoka to the Bank of Japan Policy Board to replace two members who ...

Nomura to hire more U.S. bankers to capture bigger share of overseas deal-making

via The Japan Times    Apr 14, 2017

Nomura Securities Co. President Toshio Morita is interviewed in Tokyo on Wednesday. | BLOOMBERG

As it seeks to overtake its rivals in the mergers and acquisitions rankings, Nomura Holdings Inc. is looking to hire more U.S. bankers to help it capture a greater share of overseas deal-making by ...

Dollar slides after Trump says currency ‘getting too strong’

via The Japan Times    Apr 13, 2017

A foreign exchange board shows the dollar's fall to ¥108, its lowest level in five months, in Tokyo on Thursday. | KYODO

The dollar slumped broadly on Thursday, falling to a five-month low against the yen, after U.S. President Donald Trump helped accelerate its recent decline by saying the currency was too strong. Th...

Peru’s oldest bank gears up for influx of foreign investment

By Karl Cryer
-    Jul 20, 2015

With middle-term economic growth forecasts looking bright, Peru's biggest bank is gearing up for an expected surge in foreign investment.

Peruvian law firms become first stop for Asian business

By Karl Cryer
-    Jul 20, 2015

Miranda & Amado, a law firm based in the Peruvian capital Lima, has seen increased interest from Asian companies wanting to operate in the country.

Indonesian bike maker’s next stop: Europe

By Karl Cryer
-    Mar 30, 2015

Indonesia's Polygon Bikes is banking on its growing reputation to achieve success in Europe and elsewhere in Asia-Pacific.




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