Capital Markets

Meeting international regulations

Sumitomo Mitsui seeks to bolster capital base with new type of bond

TOKYO -- Sumitomo Mitsui Financial Group will issue a new type of debt that will expand its capital base, a move aimed at meeting tougher international regulations on banks. As early as late next month, the Japanese megabank plans to float 200 bi...

  • Alternative investments

    Japan pension funds bet on infrastructure

    TOKYO -- Corporate pension funds in Japan are diversifying their portfolios in an effort to boost returns, selling off some of their stocks and bonds, and using some of their cash pile to buy alternative investments. Favored targets include inf...

  • East Asian bonds

    Outstanding balance jumps to record $8.3t in 1Q

    MANILA -- The Asian Development Bank said Tuesday that the outstanding balance for East Asia's local-currency bonds rose to a record $8.27 trillion at the end of March, up 8% from a year earlier. Growth, however, is slowing, because investors are shi...

  • In footsteps of Bank of Tokyo-Mitsubishi

    Mizuho, SMBC also consider issuing yuan-denominated bonds

    TOKYO -- Mizuho Bank and Sumitomo Mitsui Banking Corp. are considering offering yuan-denominated bonds, after Bank of Tokyo-Mitsubishi UFJ announced the first issuance of such bonds in Japan. The Mitsubishi UFJ Financial Group unit said Thursday ...

  • Anticipating rate hikes

    Junk bonds, southern European debt face selling

    TOKYO -- Bond investors around the world are starting to unload American corporate bonds rated below investment-grade in anticipation that the U.S. will start raising interest rates. The market is beginning to collapse slowly, a Bank of America M...

  • Megabank seeks to raise 350m yuan

    Bank of Tokyo-Mitsubishi UFJ to issue Japan's first yuan bond

    TOKYO -- Bank of Tokyo-Mitsubishi UFJ will seek to raise 350 million yuan ($56.3 million) this month in the first Japanese offering of bonds denominated in China's currency.

  • Distressed debt

    Hong Kong boutique player looks beyond Asia

    HONG KONG -- In a world of banks that are too big to fail, Hong Kong's SC Lowy is proving that being small and nimble can have its advantages. The boutique financial company employs fewer than 50 people but has its sights set on international exp...

  • Accounting scandal

    Toshiba forced to hold two shareholders meetings

    TOKYO -- Japanese electronics maker Toshiba and its listed subsidiaries will take the unusual step of holding shareholders meetings in two stages due to a lengthy probe into accounting irregularities by an independent committee that is significantly ...

  • A gem in the making

    Laos' capital market gets a leg up from Thailand

    BANGKOK -- With only four listed stocks and no domestically traded bonds, the miniscule capital market of Laos is understandably ignored by most international investors. But with a little help from neighboring Thailand and an astute financial adviser...

  • Counting on small investors

    Tokyo Tatemono to issue 1st retail bonds in July

    TOKYO -- Tokyo Tatemono in July plans to raise about 10 billion yen ($80.34 million) in the company's first retail bond issuance, aimed at securing funds needed for real estate operations from sources beyond institutional investors. The six-year ...

  • Greek assets slump as debt talks fail, default looms

    LONDON (Reuters) -- Investors dumped Greek stocks and bonds on Monday, after talks on ending a deadlock between Athens and its international creditors broke down at the weekend and the prospect of a debt default drew dramatically closer. Talks be...

  • JGBs tread water ahead of US, Japan monetary policy meets

    TOKYO (Dow Jones) -- Japanese government bonds were slightly softer on Monday as investors were reluctant to make moves ahead of closely-watched montetary policy meetings later in the week. Traders said that the market largely lacked direction a...

  • Progress toward liberalization

    Big Chinese banks to offer CDs to individuals, businesses

    SHANGHAI -- Nine major Chinese banks say they will start offering certificates of deposit to retail investors and companies Monday, the first issued to these groups since Beijing lifted a ban earlier this month. Issuers will include Bank of China...

  • JGBs Bounce Back as Foreign Bond Rout Recedes

    TOKYO--Japanese government bond prices bounced back Friday after a heavy sell-off the previous day, as a recovery in overseas sovereign debt markets spurred a buying back of JGBs. As of 0600 GMT, the yield on benchmark 10-year JGBs was down three...

  • Retail investors rushing in

    Mutual fund assets in Japan reach record above 100tn yen

    TOKYO -- Mutual fund assets in Japan have topped the 100 trillion yen ($806 billion) mark for the first time, buoyed by an influx of money from retail investors taking advantage of a tax-free individual savings account program. The balance of as...

  • Iron ore demand

    Bulk carrier rates sink as China cuts back imports

    TOKYO -- Spot rates for capesize dry bulk carriers that transport iron ore by sea are softening due to weak demand from China, the world's largest importer of the steelmaking material. Charter rates are currently around $4,200 a day, 70% less tha...

  • IDG Ventures

    Vietnamese venture capitalism is like making babies

    HO CHI MINH CITY -- In recent years, Vietnam's business environment has been nurtured as more incubator and venture funds become available to entrepreneurs. Henry Hoang, managing general partner of IDG Ventures, the country's leading fund by asset si...

  • Mutual funds

    China 'least investor-friendly' market, says Morningstar

    HONG KONG -- The Chinese mutual fund market is the least investor-friendly of the world's big markets, according to a report released Tuesday by Morningstar, a U.S.-based provider of independent investment research. The biannual "Global Fund Inve...

  • Trading anxiety

    Global markets shaken amid renewed buzz over Fed rate hike

    TOKYO -- The world's financial and securities markets appear to be bracing for a sooner-than-expected interest rate hike in the U.S., turning especially jittery after recent jobs data there reinforced views that the Federal Reserve may raise interest...

  • Widening fallout

    MERS outbreak may prompt rate cut in South Korea this week

    HONG KONG -- South Korea's central bank could lower its key policy rate sooner rather than later because of the spreading of Middle East respiratory syndrome in that country. The benchmark seven-day repurchase rate now stands at a record-low 1.7...