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September 01, 2024
 

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BANKS

Cirebon-1, an 11-year-old coal power station in West Java, Indonesia, is set to close early, sparing the planet millions of tons of carbon dioxide.
BUSINESS / Economy
Aug 16, 2023
Indonesian facility shows cutting coal is a hard sell for banks
The early closure of the Cirebon-1 coal plant could be a decarbonization model for Asia, but big banks have been shy about fueling the transition.
Florida's Gov. Ron DeSantis and Sen. Marco Rubio launch the 'Keep Florida Free' tour on primary night. In May, DeSantis signed a sweeping anti-ESG bill he says targets the "woke” bias of the finance industry.
BUSINESS / Economy
Aug 15, 2023
Even as the term is 'weaponized,' bankers still pay heed to ESG
About two-thirds of survey respondents said the anti-ESG movement will force firms to stop using those three letters in conversations with clients.
Signage for Sumitomo Mitsui Banking (right) and Mizuho Bank (center) in Tokyo. Two of Japan's mega-banks reported solid quarterly profit on Monday.
BUSINESS
Jul 31, 2023
Japan’s biggest banks beat estimates, adding to BOJ tailwind
Sumitomo Mitsui Financial Group said net income for the quarter ending June 30 was ¥248 billion, while Mizuho Financial Group’s was ¥245.2 billion.
The towers of Canary Wharf, in London, occupied by several major international banks, seen from Greenwich Park in the city
BUSINESS
Jul 31, 2023
Banks voted to limit accounting of capital market emissions
The plan to keep carbon emissions linked to bond and stock sales out of banks' footprints came after wrangling over the issue delayed new standards.
Military personnel patrol a street outside a branch of Ukraine's Sense Bank in central Kyiv in June.
WORLD
Jul 30, 2023
Banks are untold story of Ukraine’s survival, even state banks
Oschadbank CEO says Ukrainian state should keep control of some banks after the war because they’ll be helpful if Russia attacks again
Pan Gongsheng
BUSINESS / Economy / FOCUS
Jul 29, 2023
China’s central bank chief is taskmaster Xi couldn’t let retire
Pan Gongsheng is expected to turn around growth slowdown for the world's second largest economy and safeguard the $60 trillion domestic financial system.
Japan Times
BUSINESS
Jul 16, 2023
Sumitomo Mitsui executive sees AI as chance for Japan's regrowth
Surveyed employees said that AI is helpful for searching information, translating and creating documents, but also said there were limits to its use in work requiring creativity.
Japan Times
BUSINESS / Companies
Jul 4, 2023
Mizuho on U.S. hiring spree with top 10 underwriting goal in sight
The Japanese bank’s U.S. unit plans to recruit more than 100 people for its investment banking and trading business by the end of March next year.
Japan Times
ASIA PACIFIC
Jul 3, 2023
Xi’s central bank shakeup prioritizes continuity over big change
The Chinese leader's elevation of a long-serving technocrat as the bank’s top Communist Party official signals policymakers will avoid any drastic shifts for now.
Japan Times
BUSINESS / Companies
Jun 29, 2023
Shareholder demands prompt Japan firms to seek investor relations talent
Under growing scrutiny, companies are turning to investment funds, banks and other financial firms to find people who can better communicate corporate strategy and capital allocation.
Japan Times
BUSINESS
Jun 28, 2023
Japan's mega-bank CEOs paid less than global peers despite near-record profits
Japanese companies have traditionally seen compensation as a reward for rising successfully through the ranks, while paychecks elsewhere tend to reflect performance.
Japan Times
BUSINESS
Jun 28, 2023
UBS looks to cut around 35,000 jobs after emergency takeover of Credit Suisse
The cull of staff will dramatically worsen what was already a dismal year for financial sector jobs worldwide.
Japan Times
BUSINESS / Companies
Jun 27, 2023
Mizuho rolls out generative AI to all 45,000 bank staff in Japan
Already, managers and rank-and-file employees are submitting dozens of pitches for ways to harness the technology even before the software is installed.
Japan Times
BUSINESS
Jun 26, 2023
Mitsubishi UFJ to buy Indonesian auto loan firm Mandala for $467 million
Japanese companies are expanding their footprint in Southeast Asia, hoping to capture an emerging middle class in a region with around 690 million people.
Japan Times
BUSINESS
Jun 23, 2023
Regional banks given business improvement orders over risky bond sales
The Financial Services Agency made the order after judging the institutions hadn't warned customers about the risks of structured bonds.
Japan Times
BUSINESS
Jun 23, 2023
Russian war economy is awash with bags of cash kept out of banks
Russian mercenaries killed in Ukraine are inadvertently helping stoke a new cash boom at home in an unusual side effect of the war.
Japan Times
BUSINESS
Jun 23, 2023
Japan’s biggest bank in talks to issue global stablecoins
MUFG is in discussions with multiple parties about using its blockchain platform, Progmat, to mint stablecoins tied to foreign currencies.
Japan Times
BUSINESS
Jun 19, 2023
Japan's financial regulator sounds out top banks about China risks
The Financial Services Agency has asked whether they have plans in place if Sino-Western tensions escalate.
Japan Times
BUSINESS / Economy
Jun 15, 2023
Fed chief dances between pause and hikes in communication two-step
The surprisingly high projections may reflect a return to the Fed’s strategy of cooling a resilient economy while slowing its tightening campaign.
Japan Times
BUSINESS / Women at Work
Jun 13, 2023
From Japan to the U.S. and back: Thriving as a woman in international finance
Chikako Matsumoto achieved her dream of joining the World Bank, and later returned to her home country and executive roles there.
Alerts issued for Tokyo area cities as Shanshan crawls across Japan
A submerged area of Yufu, Oita Prefecture, on Thursday after Typhoon Shanshan dumped torrential rain throughout the Kyushu region.
Typhoon Shanshan batters Kyushu ahead of likely landfall
A satellite image shows Typhoon Shanshan south of Kyushu on Wednesday afternoon
From tropical storm to 'violent': Japan’s typhoon classifications
A satellite image from Wednesday shows Typhoon Shanshan south of Kyushu as the storm was rapidly intensifying.
Tropical Storm Shanshan soaks Japan as flood and landslide risks rise
People walk in front of closed ticket gates for the Tokaido Shinkansen in Tokyo Station as train operations between Tokyo and Nagoya remain suspended due to Tropical Storm Shanshan on Saturday.
Will Bangladesh go the way of Pakistan?
Gen. Waker-uz-Zaman, Bangladesh's army chief, arrives at Dhaka International Airport to receive Nobel laureate Muhammad Yunus on Aug. 8 to lead the country's interim government.
Japan seeks another record-breaking defense budget for fiscal 2025
Members of the Ground Self-Defense Force hold a live-fire exercise at the GSDF's training grounds in the East Fuji Maneuver Area in Gotemba, Shizuoka Prefecture, in May. Japan's Defense Ministry is seeking another record-breaking budget for fiscal 2025.
Can Japan handle a heat wave and natural disaster at the same time?
A member of the Self-Defense Forces wipes away sweat as he conducts a search and rescue operation at a landslide site caused by heavy rain in Kumano, Hiroshima Prefecture, on July 11, 2018.
Did you feel that? It may be time to refresh your disaster kits — and vocabulary.
A map of western Japan shows the Nankai Trough and, to its north, the hypocentral region where the energy for an earthquake is thought to be building.
This English schoolboy has big dreams of becoming yokozuna — and more
Nicholas Tarasenko trains at Minato stable in Kawaguchi, Saitama Prefecture, on Tuesday. Tarasenko’s potential in sumo was made obvious when he won U18 gold in the 90-kg weight class at the 2023 Baruto Cup in Estonia despite being four years under the age limit and having only had a total of one hour of sumo training before the meet.
Kitakyushu clashes with academics over Meiji Era remains
Remnants of the first Moji station complex are located near the current Mojiko Station in the city of Kitakyushu, Fukuoka Prefecture.

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One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
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A store clerk tries to cool things down in front of their shop by spraying a hose.
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