TOKYO (Reuters) – Mitsubishi UFJ Financial Group Inc, Japan’s largest lender by assets, on Monday reported a 70.5% slide in second-quarter net profit because of another one-off loss related to the sale of U.S. unit MUFG Union Bank. Mitsubishi UFJ, which owns about 22% of Morgan Stanley, posted a net profit of 117.41 billion yen …
Japan’s biggest bank Mitsubishi UFJ reports 70.5% slump in Q2 profit Read More »
By Makiko Yamazaki TOKYO (Reuters) -Sumitomo Mitsui Financial Group Inc, Japan’s second-largest bank, on Monday reported an 8% increase in second-quarter net profit and raised its profit outlook as improved economic conditions have boosted lending. Sumitomo Mitsui posted a profit of 272.99 billion yen ($1.96 billion) in the July-September period versus 252.8 billion yen a …
Japan lender Sumitomo Mitsui reports 8% increase in Q2 net profit Read More »
JAKARTA (Reuters) – Indonesia’s trade surplus is seen narrowing slightly in October to $4.5 billion, amid weakening in global trade and moderating commodity prices, a Reuters poll showed on Monday. Exports from Southeast Asia’s biggest economy have been buoyed since last year by high commodity prices, but prices of some key commodities like palm oil …
Indonesia Oct trade surplus seen at $4.5 billion as global trade weakens- Reuters poll Read More »
TOKYO (Reuters) – Mizuho Financial Group, Japan’s third-largest lender by assets, on Monday reported a 29.3% increase in second-quarter net profit. Mizuho posted a profit of 174.67 billion yen ($1.25 billion) in the July-September period versus 135.1 billion yen a year earlier, according to Reuters’ calculations based on six-month cumulative figures disclosed in a stock …
Japan’s Mizuho reports 29.3% increase in Q2 net profit Read More »
By Rodrigo Campos and Ira Iosebashvili (Reuters) – A stronger-than-expected showing by Democrats in the U.S. midterm elections may force investors to rethink the split government scenario many had expected. Democrats held onto control of the U.S. Senate, extinguishing hopes of the “red wave” that Republicans had expected leading into the midterm elections. Republicans remain …
Democrats’ big midterm gains threaten Wall Street’s split-government hopes Read More »
By Lewis Krauskopf NEW YORK (Reuters) -Hopes that inflation is subsiding are fueling a surge in battered technology and megacap stocks, though some investors believe still-high valuations and doubts over the companies’ earnings outlooks may make a sustained reversal elusive. The tech-heavy Nasdaq Composite index rose 8.1% this week to notch its biggest weekly gain …
Soaring U.S. tech stocks leave some investors doubtful rebound will last Read More »
NUSA DUA, Indonesia (Reuters) – The U.S. Treasury Secretary Janet Yellen on Sunday said that the Democrats’ clinching of U.S. Senate control makes things easier for the Biden administration, but she would still like to see a debt ceiling increase approved before year-end in Congress’s post-election “lame duck” session. Yellen told reporters on the sidelines …
Yellen says U.S. debt ceiling hike by lame-duck Congress would be ‘great’ Read More »
BEIJING (Reuters) – U.S. automaker Tesla said on Sunday it will assist Chinese police investigating a crash involving one of its Model Y cars after local media reports said two people had died and three were injured when the driver lost control of the vehicle. The incident on Nov. 5 in the southern province of …
Tesla says it will assist police probe into fatal crash in China Read More »
(Reuters) – Cryptocurrency exchange Binance has stopped accepting deposits of FTX’s FTT token on its platform, its chief executive Changpeng Zhao said on Sunday, urging other rival exchanges to do the same. FTX, which filed for bankruptcy on Friday, was engulfed in more chaos on Saturday when the crypto exchange said it had detected unauthorized …
By Summer Zhen, Vidya Ranganathan and Elizabeth Howcroft HONG KONG/SINGAPORE/LONDON (Reuters) – FTX was engulfed in more chaos on Saturday when the crypto exchange said it had detected unauthorized access and analysts said hundreds of millions of dollars of assets had been moved from the platform in “suspicious circumstances”. FTX filed for bankruptcy on Friday, …
Collapsed FTX hit by rogue transactions, analysts saw over $600mln outflows Read More »
