Japan
Dai-ichi Priced at Premium to T&D, Discount to Sony in 2010's Biggest IPO Dai-ichi Mutual Life Insurance
Co.’s initial public offering, the biggest in Japan since 1998,
will value the company’s shares right between its two largest
competitors.
All Nippon Airways Predicts Profit Next Fiscal Year on Job Cuts, Expansion All Nippon Airways Co., Asia’s
second-largest carrier by sales, predicted a return to profit
next fiscal year as the company cuts jobs and adds flights.
Japan's Stocks Rise on U.S. Job, Production Data; Property Developers Drop Japanese stocks rose, sending the
Nikkei 225 Stock Average to its sixth weekly advance, after
reports on U.S. jobless claims and Philadelphia manufacturing
boosted confidence in the world’s biggest economy.
Dollar Rises as India's Rate Boost Damps Appetite for Higher-Yield Assets The dollar and the yen rose against
most major counterparts as India unexpectedly raised interest
rates and the Dow Jones Industrial Average fell for the first
time in nine days, damping demand for assets linked to growth.
Japan's Bonds Complete Third Weekly Decline on Signs Economy Is Recovering Japan’s bonds fell for a third week
as signs the world’s second-largest economy is recovering damped
demand for the safety of government debt.
Nomura Investment Banker Katayama Said to Quit as Ex-Lehman Staff Depart Nomura Holdings Inc.’s Shunji
Katayama resigned, taking the number of departures of senior
staff to at least 10 this month, said two people with direct
knowledge of the situation.
Deutsche Hires Mitsubishi Executive Yamaguchi to Boost Tokyo Commodities Deutsche Bank AG, Germany’s biggest
bank, hired the president of Mitsubishi Corp.’s fuel-trading
unit, Kenichiro Yamaguchi, to meet growing demand from Japanese
power utilities for hedging commodities against price swings.
JX Holdings to Accelerate Reduction of Refineries by 2 Years, Nikkei Says JX Holdings Inc., to be created
next month by the merger of Nippon Oil Corp. and Nippon Mining
Holdings Inc., will accelerate by two years plans to reduce
refinery facilities by 30 percent, the Nikkei newspaper
reported. The initial plan called for completing the cuts by
March 2015.
Dollar May Drop Versus Yen on Japan's Holiday `Jinx,' Credit Agricole Says The dollar may drop against the
yen on speculation currency volatility will jump as Japan’s
financial markets close for a national holiday on March 22,
according to Credit Agricole CIB.
Toyota Asks ABC News to Retract `Irresponsible' Sudden-Acceleration Report Toyota Motor Corp. asked U.S.
broadcaster ABC News to retract and apologize for an
“irresponsible” report it aired last month suggesting
electronics as the cause of sudden acceleration in its cars.
Flying Debris Kills Woman, 38 People Injured as Gusting Winds Buffet Japan One woman was killed and 38 other
people injured by flying debris in Japan yesterday as winds
gusting to 137 kilometers (85 miles) per hour damaged buildings
and snarled air travel.
Hatoyama Approves Submission of Bill to Restrict Temporary Staff Hiring Japanese Prime Minister Yukio
Hatoyama’s cabinet agreed today to submit legislation making it
harder to hire temporary workers in an effort to push
manufacturers to retain employees as the economy recovers.
Japan Welcomes UN Conference Vote Against Trade Ban on Atlantic Bluefin Japanese Prime Minister Yukio
Hatoyama said he welcomed the decision by a United Nations-
sponsored conference on endangered species to vote against a ban
on the international trade of Atlantic bluefin tuna.
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