Nathan's Feed
Jan 31, 2014

Seibu may hire Cerberus-proposed execs in olive branch ahead of IPO -sources

TOKYO, Jan 31 (Reuters) – Japan’s Seibu Holdings may hire
executives recommended by Cerberus Capital Management LP
in a sign the railway and hotel group is looking to
mend fences with its biggest shareholder ahead of a planned IPO,
people familiar with the discussions said.

Seibu applied earlier this month to relist its shares on the
Tokyo Stock Exchange, sources have told Reuters. The offering
could be worth more than $1 billion, making it one of the
biggest in Japan this year.

Jan 30, 2014

Japan’s Nomura sees solid earnings ahead after third-quarter profit jumps

TOKYO (Reuters) – Nomura Holdings Inc (8604.T: Quote, Profile, Research) is confident earnings will remain strong for the foreseeable future after profit more than doubled in the latest quarter, saying it is not overly concerned about a global selloff of emerging market assets.

Japan’s biggest investment bank, like peer Daiwa Securities Group Inc (8601.T: Quote, Profile, Research), has been cashing in on renewed interest in stocks among individual investors, with the benchmark Nikkei index .N225 hitting a six-year high last month thanks to pro-growth government policies and a weaker yen.

Jan 30, 2014

Japan’s Nomura sees solid earnings ahead after Q3 profit jumps

TOKYO (Reuters) – Nomura Holdings Inc (8604.T: Quote, Profile, Research, Stock Buzz) is confident earnings will remain strong for the foreseeable future after profit more than doubled in the latest quarter, saying it is not overly concerned about a global selloff of emerging market assets.

Japan’s biggest investment bank, like peer Daiwa Securities Group Inc (8601.T: Quote, Profile, Research, Stock Buzz), has been cashing in on renewed interest in stocks among individual investors, with the benchmark Nikkei index .N225 hitting a six-year high last month thanks to pro-growth government policies and a weaker yen.

Jan 13, 2014

Nissan sees Sentra demand delivering U.S. market gains

DETROIT (Reuters) – Nissan Motor Co Ltd (7201.T: Quote, Profile, Research, Stock Buzz) expects to outpace overall growth in the U.S. automobile market, which it sees rising by 1 percent at most in 2014, as the Japanese automaker meets pent-up demand for the Sentra, Nissan’s chief planning officer said on Monday.

Andy Palmer expressed confidence that increased supply of the Sentra from a new factory in Mexico would help boost its 8 percent share in the U.S. market, although he acknowledged that meeting a goal of 10 percent market share in three years was no sure thing.

Dec 29, 2013

Insight: Small-town squabbles blamed for stalling Philippine storm aid

PALO, Philippines (Reuters) – Nena Obrero and her family survived without government aid for three weeks after Super Typhoon Haiyan churned across the central Philippines and reduced much of her hometown to rubble.

Obrero lives in Guindapunan, a barangay, or district, of the city of Palo, on the east of Leyte island, where more than 1,000 people were killed on November 8.

Dec 29, 2013

Small-town squabbles blamed for stalling Philippine storm aid

PALO, Philippines, Dec 29 (Reuters) – Nena Obrero and her
family survived without government aid for three weeks after
Super Typhoon Haiyan churned across the central Philippines and
reduced much of her hometown to rubble.

Obrero lives in Guindapunan, a barangay, or district, of the
city of Palo, on the east of Leyte island, where more than 1,000
people were killed on Nov. 8.

Dec 18, 2013

Melco bets on Japanese culture as casino debate heats up

TOKYO/HONG KONG (Reuters) – Casino operator Melco Crown Entertainment Ltd on Wednesday said it had pledged $10 million for cultural projects in Japan, a signal of its commitment to the country as lawmakers take steps to legalize casino gambling.

Melco is one of several global casino operators including Las Vegas Sands lobbying for a position in the Japanese market, seen as the next big Asian gaming opportunity after the spectacular rise of Macau.

Dec 5, 2013

Japan regulator sanctions Deutsche Securities, employee detained on suspected bribery

TOKYO (Reuters) – Japan’s securities regulator sanctioned the domestic investment banking unit of Deutsche Bank on Thursday and one of its employees was arrested for lavishly entertaining pension fund clients, an act considered bribery under the law.

The moves mark the latest crackdown by Japanese authorities on pension fund executives who are subject to the same anti-bribery laws as government employees because part of the money they manage is invested in the national pension scheme.

Dec 5, 2013

Tokyo police arrest Deutsche Sec employee, client on suspected bribery

TOKYO, Dec 5 (Reuters) – Tokyo police on Thursday arrested a
Deutsche Securities employee and a former Japanese client of the
brokerage for suspected bribery after the Deutsche official
allegedly spent thousands of dollars to entertain him.

The Tokyo Metropolitan Police said it had detained
Deutsche’s Shigeru Echigo, 36, and 60-year-old Yutaka Tsurisawa,
a former official at a corporate pension fund affiliated with
Mitsui & Co.

Nov 27, 2013

Hot springs are passe: Japan’s tourist towns covet casinos

OTARU/SASEBO, Japan (Reuters) – Ageing and shrinking, Japan’s country towns want to gamble away their economic and demographic woes.

With lawmakers planning to submit legislation soon to open Japan to casino gambling, likely in time for the 2020 Olympics, several small cities, hot spring towns and tourist destinations are pushing to get one of the coveted licenses.