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China's Huawei reports sales gain despite U.S. sanctions

Business Oct 16, 2019

China's Huawei reports sales gain despite U.S. sanctions

Chinese tech giant Huawei on Wednesday reported a double-digit gain in sales despite U.S. sanctions that threaten to disrupt its smartphone and network equipment businesses. Huawei Technologies Ltd. said its sales rose 24.4 percent in the first nine months of 2019 to 610.8 billion yuan ...

Business / Financial Markets | CURRENCY MARKET Oct 16, 2019

Dollar firms around ¥108.70 in Tokyo

The dollar advanced to around ¥108.70 in Tokyo trading Wednesday, reflecting unabated risk appetite among investors. At 5 p.m., the dollar stood at ¥108.65-65, up from ¥108.34-35 at the same time Tuesday. The euro was at $1.1035-1035, up from $1.1020-1021, and at ¥119.89-90, up from ...

Mizuho Bank increases risky credit in competitive market

Business Oct 16, 2019

Mizuho Bank increases risky credit in competitive market

Mizuho Financial Group Inc. is extending riskier types of corporate credit to fend off competition in a country that's awash with easy money. Japan's third-largest bank by market value will offer companies more subordinated loans and other types of mezzanine finance, said Koji Fujiwara, CEO ...

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