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Western Digital’s suit now seen as biggest hurdle for Toshiba sale of chip unit

via The Japan Times    Jun 22, 2017

After embattled Toshiba Corp. decided to negotiate exclusively with a consortium of Japan, U.S. and South Korean entities over the sale of its memory unit, a  lawsuit filed by Western Digital Corp. appears to be the biggest hurdle that needs to be cleared before the sale. | REUTERS

After Toshiba Corp. on Wednesday picked a Japan-U.S.-South Korea consortium as a preferred bidder for its flash memory unit, a lawsuit filed by Western Digital ...

Nomura said to choose Frankfurt as new European base after British exit

via The Japan Times    Jun 22, 2017

Nomura Holdings Inc. has reportedly picked Frankfurt to become the headquarters for its European Union operations after the British exit. | BLOOMBERG

Nomura Holdings Inc. has picked Frankfurt to be the headquarters of its European Union operations after the U.K. leaves the bloc, people with knowledge of ...

Wealthy Chinese rise to 1.6 million in past decade, up nearly nine times: survey

via The Japan Times    Jun 20, 2017

The number of high net worth individuals (HNWIs) in China has risen nearly nine times since a decade ago, a private survey released on Tuesday ...

Japan Post Bank’s unsecured-loan business plan gets government approval

via The Japan Times    Jun 19, 2017

?The government has approved Japan Post Bank's? application for a license to start unsecured loans for its individual customers. | BLOOMBERG

The government on Monday approved Japan Post Bank’s application for a license to launch an unsecured loan operation targeting individual customers. Details concerning the bank’s ...

As bitcoin price surges, greater usage remains in question

By Justina Lee
- via The Japan Times    Jun 19, 2017

The euphoria over bitcoin reached a fever pitch last week, but its slow transaction times and inertia are helping to prevent widespread usage. | BLOOMBERG

For digital-marketing agency, taking bitcoin for payment was easy enough. All co-founder Roger Wu had to do was obtain a digital wallet. To promote ...

MUFG’s drastic staff restructure set to cut 10,000 positions in 10 years

By Gareth Allan,Shingo Kawamoto
- via The Japan Times    Jun 16, 2017

A pedestrian walks past a branch of the Bank of Tokyo-Mitsubishi UFJ Ltd., a unit of Mitsubishi UFJ Financial Group Inc. (MUFG), in Tokyo in November. MUFG is considering eliminating about 10,000 positions — about 7 percent of its workforce — over a decade. | BLOOMBERG

Japan’s biggest bank is set to undergo the most dramatic reduction in head count since it was formed after the nation’s banking crisis shook the ...

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.

Indonesian conglomerate aims to lead in banking and healthcare

By Karl Cryer
-    Mar 19, 2015

Jakarta-based Mayapada Group hopes to be the next big player in Indonesian banking following its alliance with Taiwan's Cathay Life Insurance.

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