TOKYO, Oct 26 (Reuters) – Olympus Corp head
Tsuyoshi Kikukawa resigned on Wednesday after a scandal over
hefty advisory fees wiped out half of the 92-year-old firm’s
market value while his successor stuck with the company’s line
that it had done nothing wrong.

Sources told Reuters that Japan’s securities watchdog was
looking into past Olympus takeover deals, focusing on whether
it has properly disclosed relevant information.

TOKYO (Reuters) – Olympus Corp head Tsuyoshi Kikukawa resigned on Wednesday after a scandal over hefty advisory fees wiped out half of the 92-year-old firm’s market value, but his successor stuck with the company’s line that it had done nothing wrong.

Sources told Reuters that Japan’s securities watchdog was looking into past Olympus takeover deals, focusing on whether it has properly disclosed relevant information.

TOKYO (Reuters) – Olympus Corp head Tsuyoshi Kikukawa resigned Wednesday after a scandal over hefty advisory fees wiped out half of the 92-year-old firm’s market value, but his successor stuck with the company’s line that it had done nothing wrong.

Sources told Reuters that Japan’s securities watchdog was looking into past Olympus takeover deals, focussing on whether it has properly disclosed relevant information.

TOKYO, Oct 26 (Reuters) – Olympus Corp head
Tsuyoshi Kikukawa resigned on Wednesday after a scandal over
hefty advisory fees wiped out half of the 92-year-old firm’s
market value, but his successor stuck with the company’s line
that it had done nothing wrong.

Sources told Reuters that Japan’s securities watchdog was
looking into past Olympus takeover deals, focusing on whether it
has properly disclosed relevant information.

TOKYO, Oct 25 (Reuters) – Mitsubishi UFJ Financial Group’s
(MUFG) head of project finance operations said he aims
to add about 100 bankers, boosting his ranks by more than 50
percent, to take advantage of strong global demand for
infrastructure finance.

“Infrastructure building continues to grow both in emerging
markets and developed countries, especially in Europe. There is
strong demand for project finance,” Makoto Kobayashi said in an
interview with Reuters on Tuesday.

TOKYO, Oct 17 (Reuters) – A Japanese securities joint
venture between Mitsubishi UFJ Financial Group (MUFG)
and Morgan Stanley is planning to cut 1,200 to 1,300
jobs, roughly one-fifth of its work force, a source familiar
with the matter said on Monday.

The job cuts at Mitsubishi UFJ Morgan Stanley Securities are
the latest to hit the investment banking sector, which is
slimming down globally to cope with weak share prices and a
sluggish outlook for economic growth.

TOKYO, Oct 3 (Reuters) – A government panel reviewing Tokyo
Electric Power Co’s restructuring efforts said the
troubled utility will need to raise as much as 8.6 trillion yen
($112 billion) in funds without raising charges or restarting
nuclear reactors.

In a report made public on Monday, the panel also called for
cost cuts totaling 2.5 trillion yen over 10 years, more than
double what the company had planned, including a 14 percent
reduction in its work force.

TOKYO (Reuters) – Japan’s new trade minister, Yukio Edano, said he wants to see Tokyo Electric Power Co’s (Tepco) plans for recovery from a radiation crisis before determining if its creditors are shouldering a fair share of the burden in its taxpayer-funded bailout.

“It’s not yet the time for me to say what specific cooperation (from the utility’s stakeholders) should be necessary to get government approval for funds,” Edano said in a group interview on Thursday.

TOKYO (Reuters) – Japan’s new trade minister, Yukio Edano, said he wants to see Tokyo Electric Power Co’s (Tepco) plans for recovery from a radiation crisis before determining if its creditors are shouldering a fair share of the burden in its taxpayer-funded bailout.

“It’s not yet the time for me to say what specific cooperation (from the utility’s stakeholders) should be necessary to get government approval for funds,” Edano said in a group interview on Thursday.

TOKYO, Sept 15 (Reuters) – Japan’s new trade minister, Yukio
Edano, said he wants to see Tokyo Electric Power Co’s
(Tepco) plans for recovery from a radiation crisis before
determining if its creditors are shouldering a fair share of the
burden in its taxpayer-funded bailout.

“It’s not yet the time for me to say what specific
cooperation (from the utility’s stakeholders) should be
necessary to get government approval for funds,” Edano said in a
group interview on Thursday.