Business Mar 11, 2019
South Korea day trader gave 'peace stocks' a chance and cashed in on Kim-Trump summit collapse
For Jung Jae-hoon, a 37-year-old day trader in South Korea, the botched Trump-Kim summit was a success: The volatility that rattled the market helped him earn a nice profit. Minutes before the market closed on Feb. 28, so-called peace stocks — a group of companies ...
Business Jan 3, 2019
Tesla shares tank on price cut, disappointing Model 3 deliveries
Shares in Tesla Inc. dropped as much as 9 percent on Wednesday on worries of future profitability, after the electric car maker cut U.S. prices for all its vehicles to offset lower green tax credits, while falling short on quarterly deliveries of its mass-market ...
Business / Corporate Dec 10, 2018
SoftBank sticks to IPO price despite market drop and network outage
SoftBank Group Corp. set the final price for the ¥2.65 trillion initial public offering of its Japanese telecom business at its original target, underscoring its confidence in judging demand as it deals with fallout from a major network outage and a global stocks rout. The ...
Business / Corporate Jul 21, 2016
Traders chasing Pokemon now battle over Nintendo's value
by Yuko Takeo and Toshiro Hasegawa
After investors pushed up Nintendo Co. shares with a fervor only matched by gamers chasing Pikachu, traders are now locking horns over how much the high-flying stock is worth. Bears have boosted short interest in Nintendo to its highest in five months after the stock ...
Reference | FYI Apr 25, 2016
First-time investors urged to turn to inexpensive 'robo-advisers'
by Kazuaki Nagata
It appears not many people are into investment in Japan. As of last December, only about 16 percent of Japan's ¥1.7 quadrillion in personal financial assets was held in stocks, investment trusts or bonds. This is partly due to a general belief that investments are for ...
Business / Corporate Feb 1, 2016
Nippon Steel to buy Nisshin Steel to gird against fallout from China slump
Japan's biggest steel maker, Nippon Steel & Sumitomo Metal Corp. says it will buy rival Nisshin Steel Co. in an attempt to withstand deteriorating conditions in the industry triggered by China's economic slowdown.
Business Dec 9, 2015
Predictable pattern: As U.S. gun sales shoot up after California carnage, makers' shares spike
Shares of U.S. gun makers have surged in the wake of the massacre of 14 people in California last week, following a pattern that has grown more common in recent years when high-profile mass shootings have spurred firearms sales as well as calls for ...
Business | NATIONAL SPOTLIGHT Oct 18, 2015
Much riding on giant Japan Post Group IPO
by Atsushi Kodera
Three state-affiliated companies in the Japan Post Group are set to go public on the Tokyo Stock Exchange as the government seeks to raise ¥1.4 trillion.
Business / Economy | FOCUS Jul 29, 2015
Japanese firms cling onto shareholding 'poison pills,' snubbing Abe's governance push
by Yuko Takeo
As Japan gives more say to investors, companies are clinging to a tool that has the opposite effect. Poison pills, a way to scupper hostile takeovers, are in place for at least 20 percent of firms in the benchmark Topix index. That compares with at ...
Business Jul 14, 2015
Infamous shareholder activist Murakami returns to fray in league with daughter
by Tom Redmond
Yoshiaki Murakami, Japan's most famous activist shareholder before he was convicted of insider trading in 2007, is once again pressing the nation's companies and this time it's a family act. Murakami and C&I Holdings Co., an investment firm headed by his 27-year-old daughter, have built ...