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Bank of Japan Plans to Rope-In Other Major Lenders in Digital Yen CBDC Trials: Report
Moving forward on its CBDC plans, the Bank of Japan (BoJ) is looking to rope-in a bunch of other mega banks to test the digital yen. The three Japanese megabanks, while unnamed officially, are reportedly supposed to be Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group Inc., and Mizuho Financial Group Inc.
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Salvage Team Boards Burnt Ship With Luxury Cars Off Azores, Towing Begins
In a statement, ship manager Mitsui O.S.K. Lines Ltd (MOL) said the Felicity Ace remained stable, and the smoke that for days billowed from the vessel, adrift around 170 km southwest of the Azores, had stopped.
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Salvage Team Boards Burnt Ship With VW Group Luxury Cars Off Azores, Towing Begins
In a statement, ship manager Mitsui O.S.K. Lines Ltd (MOL) said the Felicity Ace remained stable, and the smoke that for days billowed from the vessel, adrift around 170 km southwest of the Azores, had stopped.
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Mazda Motor Seeks $2.8 Billion In Loans To Ride Out Pandemic
Mazda Motor Corp has sought loans totalling about 300 billion yen ($2.8 billion) from Japan's three megabanks and other lenders to ride out the coronavirus epidemic, a source with direct knowledge of the matter said on Saturday. The megabanks - Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group - along with t...
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Will Give Toshiba As Much Support As Possible: SMBC Chief
The TVs-to-nuclear conglomerate is scrambling for cash to stay in business as a multi-billion-dollar hole has emerged in its nuclear business.
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Japan's Top Three Shippers To Merge Container Operations Amid Downturn
Nippon Yusen KK, Mitsui OSK Lines Ltd and Kawasaki Kisen Kaisha Ltd said they would form a joint venture that they expect to create annual cost benefits of about 110 billion yen ($1.05 billion).
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Punj Lloyd Sells Stake In Simon Carves Engineering
Punj Lloyd Ltd on Wednesday said that its arm Pt Engineering Limited has sold its entire stake in UK-based Simon Carves Engineering to Engineers and Constructors International Inc for $2 million.
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Japanese MNC Offloads Rs 2,069-Crore Stake in Kotak Mahindra Bank
Japanese multinational Sumitomo Mitsui Banking Corp (SMBC) on Tuesday offloaded stake worth Rs 2,068.81 crore in Kotak Mahindra Bank through open market transactions.
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Nikkei Posts Biggest Drop in 3 Years as Global Growth Fears Hit Banks
Japan's Nikkei share average posted its biggest daily drop in nearly three years on Tuesday, with banks taking the brunt of the sell-off, while a stronger yen dragged down stocks across the board.
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Tube Investments Surges on Stake Sale in Insurance Unit
Shares of Tube Investments surged over 13 per cent to Rs 451 on Monday after the company announced a 14 per cent stake sale in Cholamandalam MS General Insurance Company to the Japanese partner, Mitsui Sumitomo Insurance Company for Rs 883 crore.
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Board Approves Sale of Chola MS Stake for Rs 883 Crore
The Board of Murugappa Group company Tube Investments has approved sale of 14 per cent stake in Cholamandalam MS General Insurance for Rs 882.68 crore to its Japanese JV partner, Mitsui Sumitomo Insurance Company.
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Texmaco Consortium Wins Rs 1,800 Order; Shares Surge
The contract is worth Rs 1,800 crore for 915 km long route double line between Rewari to Vadodara was signed with Hitachi Limited as the lead partner, Mitsui, Texmaco and Hitachi India Ltd as other partners.
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Asian Shares Rise on Fading Fed Rate Views
Fading expectations that the Federal Reserve will raise interest rates this year and a bounce in oil prices helped lift Asian stocks to two-week highs on Tuesday.
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Nippon Life to Up Stake in Life Insurance, MF Business: Anil Ambani
Bullish on growth prospects of his group's financial services businesses, industrialist Anil Ambani on Wednesday said Japanese major Nippon Life is in an advanced stage of talks to hike stake in Reliance Life Insurance and Reliance Mutual Fund units within this financial year.
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RIL-BP Among Four in Race for Mumbai LNG Terminal: Report
RIL and BP's equal joint venture India Gas Solutions, Mitsui, Excelerate Energy and a consortium of IMC and Norway's Hoegh LNG are the four which bid for setting up of a floating LNG receipt terminal, industry sources said.
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Bank of Japan Plans to Rope-In Other Major Lenders in Digital Yen CBDC Trials: Report
Moving forward on its CBDC plans, the Bank of Japan (BoJ) is looking to rope-in a bunch of other mega banks to test the digital yen. The three Japanese megabanks, while unnamed officially, are reportedly supposed to be Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group Inc., and Mizuho Financial Group Inc.
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Salvage Team Boards Burnt Ship With Luxury Cars Off Azores, Towing Begins
In a statement, ship manager Mitsui O.S.K. Lines Ltd (MOL) said the Felicity Ace remained stable, and the smoke that for days billowed from the vessel, adrift around 170 km southwest of the Azores, had stopped.
-
Salvage Team Boards Burnt Ship With VW Group Luxury Cars Off Azores, Towing Begins
In a statement, ship manager Mitsui O.S.K. Lines Ltd (MOL) said the Felicity Ace remained stable, and the smoke that for days billowed from the vessel, adrift around 170 km southwest of the Azores, had stopped.
-
Mazda Motor Seeks $2.8 Billion In Loans To Ride Out Pandemic
Mazda Motor Corp has sought loans totalling about 300 billion yen ($2.8 billion) from Japan's three megabanks and other lenders to ride out the coronavirus epidemic, a source with direct knowledge of the matter said on Saturday. The megabanks - Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group - along with t...
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Will Give Toshiba As Much Support As Possible: SMBC Chief
The TVs-to-nuclear conglomerate is scrambling for cash to stay in business as a multi-billion-dollar hole has emerged in its nuclear business.
-
Japan's Top Three Shippers To Merge Container Operations Amid Downturn
Nippon Yusen KK, Mitsui OSK Lines Ltd and Kawasaki Kisen Kaisha Ltd said they would form a joint venture that they expect to create annual cost benefits of about 110 billion yen ($1.05 billion).
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Punj Lloyd Sells Stake In Simon Carves Engineering
Punj Lloyd Ltd on Wednesday said that its arm Pt Engineering Limited has sold its entire stake in UK-based Simon Carves Engineering to Engineers and Constructors International Inc for $2 million.
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Japanese MNC Offloads Rs 2,069-Crore Stake in Kotak Mahindra Bank
Japanese multinational Sumitomo Mitsui Banking Corp (SMBC) on Tuesday offloaded stake worth Rs 2,068.81 crore in Kotak Mahindra Bank through open market transactions.
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Nikkei Posts Biggest Drop in 3 Years as Global Growth Fears Hit Banks
Japan's Nikkei share average posted its biggest daily drop in nearly three years on Tuesday, with banks taking the brunt of the sell-off, while a stronger yen dragged down stocks across the board.
-
Tube Investments Surges on Stake Sale in Insurance Unit
Shares of Tube Investments surged over 13 per cent to Rs 451 on Monday after the company announced a 14 per cent stake sale in Cholamandalam MS General Insurance Company to the Japanese partner, Mitsui Sumitomo Insurance Company for Rs 883 crore.
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Board Approves Sale of Chola MS Stake for Rs 883 Crore
The Board of Murugappa Group company Tube Investments has approved sale of 14 per cent stake in Cholamandalam MS General Insurance for Rs 882.68 crore to its Japanese JV partner, Mitsui Sumitomo Insurance Company.
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Texmaco Consortium Wins Rs 1,800 Order; Shares Surge
The contract is worth Rs 1,800 crore for 915 km long route double line between Rewari to Vadodara was signed with Hitachi Limited as the lead partner, Mitsui, Texmaco and Hitachi India Ltd as other partners.
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Asian Shares Rise on Fading Fed Rate Views
Fading expectations that the Federal Reserve will raise interest rates this year and a bounce in oil prices helped lift Asian stocks to two-week highs on Tuesday.
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Nippon Life to Up Stake in Life Insurance, MF Business: Anil Ambani
Bullish on growth prospects of his group's financial services businesses, industrialist Anil Ambani on Wednesday said Japanese major Nippon Life is in an advanced stage of talks to hike stake in Reliance Life Insurance and Reliance Mutual Fund units within this financial year.
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RIL-BP Among Four in Race for Mumbai LNG Terminal: Report
RIL and BP's equal joint venture India Gas Solutions, Mitsui, Excelerate Energy and a consortium of IMC and Norway's Hoegh LNG are the four which bid for setting up of a floating LNG receipt terminal, industry sources said.
