Japan's Mitsubishi UFJ Financial Group <8306.T> , which watched Morgan Stanley's <MS.N> share price plunge last week, is amending its $9 billion deal to include only convertible preferred shares and no common stock...
SEOUL, Nov 26 - Seoul shares opened lower on Thursday on losses by financials including Shinhan Financial Group <055550.KS>, and amid caution about the economic outlook following weaker South Korean business sentiment data. The Korea...
Manulife Financial Corp, a leading Canada-based financial services group, said yesterday that it has agreed to acquire a 49% stake in China-based ABN AMRO TEDA Fund Management Co.Manulife said that it will spend US$156 million to buy the stake from Fortis Bank SA, which is controlled by France's largest...
Large state-owned mainland banks have reportedly shown interest in a 28.2% stake in Taishin Financial Holding Co Ltd, the fourth-largest listed financial holding firm in Taiwan by assets, a local newspaper called the Commercial Times reported yesterday.The newspaper said that a group of mainland banks...
WASHINGTON, Nov 3 - The Group of 20 nations should agree to implement regulatory changes to avoid loopholes in financial regulations, the president of the European Commission told Reuters Television on Tuesday. "It is important...
SEOUL, Nov 3 - Shinhan Financial Group <055550.KS>, South Korea's biggest financial services firm, on Tuesday reported a 52 percent jump in quarterly profit on rebounding interest margins and lower bad loan charges. Shinhan <SHG.N>,...
China CITIC Bank Corp<601998><0998>, the listed banking unit of the nation's largest investment enterprise CITIC Group, has successfully completed the acquisition of a 70.32% stake in CITIC International Financial Holdings Ltd, sources reported.China CITIC Bank will assign Cao Tong, vice...
SEOUL, Oct 16 - South Korea's POSCO <005490.KS> and KB Financial Group <105560.KS> will buy 250 billion won ($216 million) worth of shares in each other under a mutual equity purchase deal, POSCO said on...
BANGKOK, Sept 29 - Tisco Financial Group <TISCO.BK>, which owns Thailand's second-largest car loan provider, Tisco Bank, is looking to buy more car loan assets to expand its market share, its president said on Tuesday....
TOKYO, Sept 25 - Japan's Nikkei stock average slid 2.9 percent on Friday, with Mitsubishi UFJ Financial Group and other financials hit hard after Nomura Holdings said it plans to issue up to $5.6 billion...