Mitsubishi companies http://www.globalpost.com/taxonomy/term/28526/all en Families of U.S. servicemen killed in attack to get Iran money http://www.globalpost.com/dispatch/news/thomson-reuters/130129/families-us-servicemen-killed-attack-get-iran-money <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>NEW YORK, Jan 29 (Reuters) - The families of 17 U.S. servicemen killed in a 1996 bombing in Saudi Arabia linked to Iran can collect damages from Iran-funded accounts at the Bank of Tokyo-Mitsubishi UFJ, a federal judge ruled on Tuesday.</p> <p>U.S. District Judge P. Kevin Castel in Manhattan ordered the bank, which did not oppose the motion, to hand over more than $260,000 in various accounts linked to Tehran, still a far cry from the full amount to which the families are entitled.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130129/families-us-servicemen-killed-attack-get-iran-money" target="_blank">read more</a></p> Asia Mitsubishi companies Politics UFJ War Thomson Reuters Wed, 30 Jan 2013 01:00:21 +0000 5741318 at http://www.globalpost.com Japan's Mitsubishi says nine-month profit down 23.4% http://www.globalpost.com/dispatch/news/afp/130201/japans-mitsubishi-says-nine-month-profit-down-234 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Japan's largest trading house Mitsubishi Corp. said Friday that its nine-month to December net profit dropped by nearly a quarter on higher costs and a slump at its Australian coal unit.</p> <p>The company posted a 283.60 billion yen ($3.1 billion) net profit, down 23.4 percent from a year earlier, "mainly due to lower sales prices at an Australian resource-related (coking coal) subsidiary and a steel product-related subsidiary".</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130201/japans-mitsubishi-says-nine-month-profit-down-234" target="_blank">read more</a></p> Economy of Japan Mitsubishi companies Mitsubishi Corp Mitsubishi Motors AFP Fri, 01 Feb 2013 07:00:27 +0000 5742612 at http://www.globalpost.com Japan's MUFG says April-December net profit down 35% http://www.globalpost.com/dispatch/news/afp/130201/japans-mufg-says-april-december-net-profit-down-35 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Japan's biggest bank Mitsubishi UFJ Financial Group said Friday its net profit for the nine months to December dropped 34.7 percent, after a one-time gain had boosted its income a year earlier.</p> <p>The giant banking group said net profit for the period came to 532.46 billion yen ($5.78 billion), while revenue fell 9.3 percent to 3.44 trillion yen.</p> <p>The year-over-year profit decline was mainly due to a one-time gain that the bank recorded a year before from the conversion of its preferred shares in Morgan Stanley to common shares, it said.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130201/japans-mufg-says-april-december-net-profit-down-35" target="_blank">read more</a></p> Economy of Japan Investment Mitsubishi companies AFP Fri, 01 Feb 2013 10:45:24 +0000 5742784 at http://www.globalpost.com Mitsubishi Motors says April-Dec profit jumps 27% http://www.globalpost.com/dispatch/news/afp/130205/mitsubishi-motors-says-april-dec-profit-jumps-27 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Mitsubishi Motors said Tuesday its net profit for the nine months to December jumped 27.3 percent from a year earlier to 17.3 billion yen ($187 million), largely thanks to cost-cutting efforts.</p> <p>The <a href="http://www.globalpost.com/internal/section-config/japan">Japanese</a> automaker said sales edged down 0.8 percent to 1.28 trillion yen, while operating profit rose 6.2 percent to 40.9 billion yen.</p> <p>Mitsubishi said the profit gain was mainly due to brisk sales in Southeast <a href="http://www.globalpost.com/internal/section-config/asia">Asia</a> as well as lower fixed expenses, although gains were pared by losses tied to the sale of its Netherlands-based plant, NedCar.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130205/mitsubishi-motors-says-april-dec-profit-jumps-27" target="_blank">read more</a></p> Economy of Japan Mitsubishi companies Mitsubishi Motors Mitsubishi Motors AFP Tue, 05 Feb 2013 08:45:03 +0000 5746125 at http://www.globalpost.com Mitsubishi Electric pays $810 mn in overcharge penalties http://www.globalpost.com/dispatch/news/afp/130213/mitsubishi-electric-pays-810-mn-overcharge-penalties <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Mitsubishi Electric said Wednesday it has paid the Japanese government about $810 million after it inflated fees for defence and other contracts, the latest in a wider overcharging scandal.</p> <p>The company, which makes everything from batteries to nuclear plants, had been barred from bidding on government contracts until it paid the defence ministry some 60.28 billion yen ($645 million) in penalties, interest and reimbursements for jacking up its rates.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130213/mitsubishi-electric-pays-810-mn-overcharge-penalties" target="_blank">read more</a></p> Economy of Japan Mitsubishi companies Mitsubishi Electric Mitsubishi Motors AFP Wed, 13 Feb 2013 13:15:33 +0000 5754297 at http://www.globalpost.com Japanese shares open higher http://www.globalpost.com/dispatch/news/afp/130311/japanese-shares-open-higher <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Japanese shares opened 0.68 percent higher Tuesday after the Dow in New York set a fresh record for the fifth straight day, while the dollar remained strong against the yen.</p> <p>The Nikkei index at the Tokyo Stock Exchange rose 84.55 points to 12,433.60 at the start.</p> <p>"As illustrated by US bourse movements, investors continue to show a healthy appetite for equities abroad, which creates an encouraging environment for Japanese stocks," says SMBC Nikko Securities general manager of equities Hiroichi Nishi.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130311/japanese-shares-open-higher" target="_blank">read more</a></p> Dow Jones & Company Japanese yen Labor Mitsubishi companies AFP Tue, 12 Mar 2013 01:00:29 +0000 5780248 at http://www.globalpost.com Tokyo shares up 0.35% by break http://www.globalpost.com/dispatch/news/afp/130312/tokyo-shares-035-break <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Tokyo shares rose 0.35 percent Tuesday morning after the Dow Jones Industrial Average set a fresh record for the fifth straight day, while the dollar advanced further against the yen.</p> <p>The benchmark Nikkei 225 index rose 42.79 points to end the morning session at 12,391.84, while the Topix index of all first-section shares was 0.42 percent higher, or 4.41 points, to 1,044.39.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130312/tokyo-shares-035-break" target="_blank">read more</a></p> Economy of Asia Economy of Japan Labor Mitsubishi companies AFP Tue, 12 Mar 2013 04:00:40 +0000 5780319 at http://www.globalpost.com Hon Hai says remains committed to buy Sharp stake http://www.globalpost.com/dispatch/news/thomson-reuters/130326/deadline-hon-hai-invest-sharp-lapses-no-deal <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>TOKYO (Reuters) - Talks on an alliance between Sharp Corp and Hon Hai Precision Industry will continue even though a deadline for a deal between the two lapsed on Tuesday.</p> <p>Hon Hai said it remained committed to buy a 9.9 percent stake in Sharp, that would make the Taiwanese company the largest shareholder in the Japanese TV maker.</p> <p>"Hon Hai hopes that with the support of a consortium of financial institutions, we can conclude the investment within three months of the price agreement," the company said in a statement.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130326/deadline-hon-hai-invest-sharp-lapses-no-deal" target="_blank">read more</a></p> Business Foxconn Hon Hai Precision Hon Hai Precision Industry Hon Hai Precision Industry Co. Mitsubishi companies Mitsubishi UFJ Financial Group Technology Thomson Reuters Tue, 26 Mar 2013 08:15:23 +0000 5793966 at http://www.globalpost.com MUFG buys U.S. property loans from Deutsche worth $3.7 billion http://www.globalpost.com/dispatch/news/thomson-reuters/130407/mufg-set-buy-deutsche-us-property-loans-worth-37-billion-source <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Taiga Uranaka and Denny Thomas</p> <p>TOKYO/HONG KONG (Reuters) - Mitsubishi UFJ Financial Group &lt;8306.T&gt; has acquired a U.S. commercial property loan portfolio from a Deutsche Bank &lt;DBKGn.DE&gt; unit worth $3.7 billion (2.4 billion pounds), as cashed-up Japanese lenders swoop in on assets sold by retreating European banks.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130407/mufg-set-buy-deutsche-us-property-loans-worth-37-billion-source" target="_blank">read more</a></p> Business Financial services Investment Mitsubishi companies Mitsubishi UFJ Financial Group Mizuho Financial Group Social Issues Thomson Reuters Mon, 08 Apr 2013 02:45:14 +0000 5805224 at http://www.globalpost.com Tokyo stocks up 2.01% by break http://www.globalpost.com/dispatch/news/afp/130407/tokyo-stocks-201-break-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Tokyo stocks jumped 2.01 percent Monday morning as a further drop in the yen's value ignited buying of exporters' shares.</p> <p>The Nikkei 225 index at the Tokyo Stock Exchange was up 258.31 points to 13,091.95 at the break, after rising more than three percent at one point. The Topix index of all first-section issues was up 1.85 percent, or 19.72 points, to 1,085.96.</p> <p>The yen hit its lowest level in nearly four years against the dollar in Asia on Monday as traders continue to sell the unit following the Bank of Japan's sweeping monetary easing announcement last week.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130407/tokyo-stocks-201-break-0" target="_blank">read more</a></p> Business Economy of Asia Economy of Japan Mitsubishi companies Technology AFP Mon, 08 Apr 2013 03:45:24 +0000 5805247 at http://www.globalpost.com Japan's Mitsubishi UFJ to buy US loan business http://www.globalpost.com/dispatch/news/afp/130408/japans-mitsubishi-ufj-buy-us-loan-business <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>A US unit of Mitsubishi UFJ Financial Group (MUFG) said Monday it has reached an agreement to buy a real-estate lending business run by PB Capital Corporation, a Deutsche Bank Group company.</p> <p>Union Bank announced the deal in a statement, saying "the acquisition expands Union Bank's commercial real estate presence" in the United States, which is "about $3.7 billion in loans outstanding on properties in major metropolitan areas across" the country.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130408/japans-mitsubishi-ufj-buy-us-loan-business" target="_blank">read more</a></p> Business Economy of Japan Mitsubishi companies Mitsubishi UFJ Financial Group AFP Mon, 08 Apr 2013 08:45:17 +0000 5805330 at http://www.globalpost.com Mitsubishi UFJ Financial to buy U.S. real estate loan business http://www.globalpost.com/dispatch/news/asianet/130409/mitsubishi-ufj-financial-buy-us-real-estate-loan-business <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Asianet </div> </div> </div> <!--paging_filter--><p></p><P> Mitsubishi UFJ Financial Group Inc. plans to purchase the U.S. real estate loan business of the Deutsche Bank Group for around $ 3.7 billion (about 360 billion yen), sources close to the matter said Monday.</p><P>Making the acquisition through its U.S. subsidiary Union Bank, Mitsubishi UFJ Financial aims to bolster its overseas operations by obtaining promising assets in light of a recovery in the U.S.</p> <p><a href="http://www.globalpost.com/dispatch/news/asianet/130409/mitsubishi-ufj-financial-buy-us-real-estate-loan-business" target="_blank">read more</a></p> Business Economy of Japan Mitsubishi companies Mitsubishi UFJ Financial Group Asianet Tue, 09 Apr 2013 15:37:12 +0000 Asianet 5807511 at http://www.globalpost.com Dollar edges up against yen in Asia http://www.globalpost.com/dispatch/news/afp/130415/dollar-edges-against-yen-asia <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The dollar recouped some ground against the yen in Asia on Tuesday, while holding steady against the euro amid a flight to safety following the Boston blasts and concerns over the global economy.</p> <p>The dollar was changing hands at 97.06 yen in Tokyo midday trade, recovering from 96.56 yen in New York Monday afternoon although it was still sharply down from levels around 98 yen in Tokyo on Monday.</p> <p>The euro rose to 126.51 yen from 125.98 yen in New York while changing hands at $1.3040 against $1.3048 in US trade.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130415/dollar-edges-against-yen-asia" target="_blank">read more</a></p> Currency Economy of Japan Mitsubishi companies War AFP Tue, 16 Apr 2013 03:15:33 +0000 5817025 at http://www.globalpost.com Japanese banks say hola, go local as they woo overseas borrowers http://www.globalpost.com/dispatch/news/thomson-reuters/130421/japanese-banks-say-hola-go-local-they-woo-overseas-borrowers <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Taiga Uranaka</p> <p>TOKYO (Reuters) - Japan's banking titans are hiring Spanish-speaking bankers to win new business in Latin America and handing out loans to junk-grade borrowers in the United States as they probe deeper overseas to fight meagre returns at home.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130421/japanese-banks-say-hola-go-local-they-woo-overseas-borrowers" target="_blank">read more</a></p> Economy of Asia Economy of Japan Mitsubishi companies Technology Thomson Reuters Sun, 21 Apr 2013 22:15:04 +0000 5821829 at http://www.globalpost.com Sharp considers chairman's retirement, to scrap posts: Kyodo http://www.globalpost.com/dispatch/news/thomson-reuters/130507/sharp-considers-chairmans-retirement-scrap-posts-kyodo <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>TOKYO (Reuters) - Japan's Sharp Corp is considering having its chairman, Mikio Katayama, retire and also scrapping advisory posts as part of efforts to speed up a business revival under its president, Takashi Okuda, Kyodo news agency reported on Sunday.</p> <p>Sharp, Japan's leading maker of liquid crystal displays, is expected to reveal a medium-term business management plan on May 14. It wants a new management structure for a business rebuilding with authority concentrated with Okuda, the news agency said.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130507/sharp-considers-chairmans-retirement-scrap-posts-kyodo" target="_blank">read more</a></p> Business Economy of Japan Mitsubishi companies Technology Thomson Reuters Tue, 07 May 2013 17:35:22 +0000 5833072 at http://www.globalpost.com