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/ | Aug 22, 2017

Dollar firmer above ¥109.30 in Tokyo

The dollar rose above ¥109.30 in Tokyo trading Tuesday, supported chiefly by buybacks following its drop in overseas trading overnight. At 5 p.m., the dollar stood at ¥109.35-35, up from ¥108.93-94 at the same time Monday. The euro was at $1.1792-1793, up from $1.1739-1740, and ...

Cerberus sells off stake in Seibu Holdings

/ Aug 17, 2017

Cerberus sells off stake in Seibu Holdings

Seibu Holdings Inc. has disclosed that U.S. investment firm Cerberus has sold its entire stake in the major railway and hotel operator. Cerberus invested in the company when the Seibu Railway Co. group was reorganized into Seibu Holdings in 2006, after the railway was delisted ...