Hints and tips:
...“Many of the current working population are very sceptical about prices and wages rising since they have never experienced it,” said Hiroyuki Ueno, chief strategist at Sumitomo Mitsui Trust Asset Management...
...UBS and Sumitomo Mitsui Trust Bank have agreed a strategic partnership in the latest in a wave of tie-ups between western and Japanese banks....
...All five — Mitsubishi Corp, Mitsui & Co, Itochu, Sumitomo and Marubeni — rely heavily on cyclical commodities and resource-related operations for about a fifth of profits....
...Japan’s five major trading houses — Mitsubishi Corp, Mitsui & Co, Sumitomo, Itochu and Marubeni — fit the bill in terms of being cheaply valued, having been hit hard by the global pandemic and collapse in...
...But as of this week, the five biggest — Mitsubishi, Mitsui, Itochu, Marubeni and Sumitomo — have something in common: Warren Buffett as a shareholder....
...Mitsui Sumitomo Aioi Life Insurance, for example, is offering cancer insurance via multi-function copiers at 7-Eleven convenience stores across the country from this week....
...Takeda has secured a number of borrowing facilities including a $30.9bn bridge loan led by JPMorgan Chase, Sumitomo Mitsui Banking Corporation and MUFG Bank....
...Mitsui Trust Bank....
...Last week Mizuho, one of the country’s three so-called mega-banks (alongside Mitsubishi UFJ and Sumitomo Mitsui), admitted that its net profits for the 12 months to the end of March were likely to be just...
...• Sumitomo Mitsui Trust has made three appointments to its newly integrated Sumitomo Mitsui Trust Asset Management company....
...Nippon Life has agreed to buy an 85 per cent stake in Massachusetts Mutual Life Insurance’s Japanese unit for ¥104bn ($982m) as it looks to cement its position at home while seeking growth abroad....
...The Mercedes-Benz carmaker will join three Japanese banks — MUFG, Mizuho and Sumitomo Mitsui Banking Corp — Oracle co-founder Larry Ellison, and the sovereign wealth fund of Bahrain to fill the last $7bn...
...of StanCorp Financial Group by Meiji Yasuda Life Insurance and the $3.8bn purchase of Symetra Financial by Sumitomo Life Insurance in 2016....
...If that is the case, then among the biggest winners stand to be Japanese lenders MUFG, Mizuho Financial Group and Sumitomo Mitsui Financial Group, whose business models are not only directly eroded by Japan...
...Since Mitsui Sumitomo’s acquisition of Amlin in February, the Japanese group now generates about 25 per cent of its profits from overseas insurance businesses, building on its traditional strengths in Malaysia...
...The Japanese company attempted to bulk up further in London by bidding for Amlin last year but missed out to Mitsui Sumitomo....
...Later in the day, Fitch also revised down the outlook of 11 Japanese insurers to negative from stable, including big houses such as Tokio Marine & Nichido Fire Insurance, Sompo Japan Nipponkoa Insurance...
...The petition seeks for a court to order BEA to release Spain’s Criteria Caixa and Japan’s Sumitomo Mitsui Banking Corporation from any contractual arrangements that are in favour of the bank, writes Don...
...As well as a number of earnings reports from the nation’s largest automakers Toyota and Nissan and from trading houses such as Mitsubishi Corp and Mitsui & Co hit by sliding oil and commodity prices, economic...
...For the first time in three years, workers at the country’s megabanks — Sumitomo Mitsui, Mizuho and Bank of Tokyo-Mitsubishi UFJ — are not requesting an increase in basic pay, according to union officials...
...Lloyd’s of London posted its worst results in four years as low interest rates shredded the specialist insurance market’s investment returns....
...A predilection for nautical gents extends to Japanese insurer Mitsui Sumitomo, which is paying an eye-watering £3.5bn for Lloyd’s insurer Amlin, whose specialities include marine cover....
...in the IPO as a low-priced “gift” to the Japanese public....
...The flurry of activity closed with a $5.3bn bid for UK-listed insurer Amlin by Mitsui Sumitomo, a subsidiary of MS & AD....
...On Wednesday, in a further effort to bolster its investment story ahead of the listing, Japan Post announced a new joint venture with Nomura Holdings and Sumitomo Mitsui Trust Bank that will sell investment...
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