Nathan's Feed
Feb 28, 2014

Bitcoin true believers unfazed by losses in Mt. Gox collapse

TOKYO, Feb 28 (Reuters) – Like other bitcoin evangelists,
Ken Shishido is ready to write off the money he lost in the
bankruptcy of Tokyo-based virtual currency exchange Mt. Gox as
the price of revolutionising global finance.

“In the early days of the automobile, there were traffic
accidents because you didn’t have traffic lights or pedestrian
crossings,” he said hours after Mt. Gox said on Friday it had
lost up to half a billion dollars of investor funds, including
some of his own. “But we didn’t ban automobiles.”

Feb 25, 2014

Gaming magnate Adelson bets on himself to win Japan’s casino race

TOKYO/MACAU, Feb 26 (Reuters) – Billionaire Sheldon Adelson
is willing to bet $10 billion that his Las Vegas Sands
will become the leader in casino gambling in Japan, an offer he
says his competitors can’t match. What remains to be seen is
whether one of the world’s last great untapped gaming markets is
willing to bet on him.

For months, the chief executive of the world’s largest
casino operator by market value has insisted he’s the person to
beat in Japan as it moves closer to legalising casinos, with
parliament expected to start deliberating an initial bill in
May.

Feb 24, 2014

Sands CEO says to spend ‘whatever it takes’ for Japan casino

TOKYO (Reuters) – Las Vegas Sands Corp (LVS.N: Quote, Profile, Research, Stock Buzz) Chief Executive Sheldon Adelson said on Monday his company was willing to spend “whatever it takes” to set up a casino project in Japan, one of the largest untapped gaming markets in the world.

Las Vegas Sands is considered a strong candidate to win a license in Japan, should the country open its market to casino gambling, in large part due to the success of its resort in Singapore which has served as a model for Japanese lawmakers.

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.