InfoAnda - Japanese megabanks 'in red in last quarter'

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Dolby signs pact with Microsoft; results beat Street | | 4 May 2012
Turkish PM storms out of heated Mideast debate | International | | 30 January 2009
Sony Ericsson to shift fully to smartphones in 2012 | | 14 October 2011

Sarah Palin's daughter seeks full custody of baby | 29 December 2009

">Forum Views () ">Forum Replies ()

Read more with google mobile : Japanese megabanks 'in red in last quarter'

Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: Japanese megabanks 'in red in last quarter' AFP - 2 hours 46 minutes ago TOKYO (AFP) - - Japanese megabanks Mitsubishi UFJ and Mizuho Financial appear to have experienced a group net loss in the three months to December due to a plunging stock market, a major daily reported Saturday. It would be the first quarterly net loss for Mitsubishi UFJ Financial Group since its establishment in 2005 through the merger of Mitsubishi Tokyo Financial Group and UFJ Holdings, the Mainichi Shimbun said. Mizuho Financial Group was also in the red in the previous quarter to September. But Sumitomo Mitsui Financial Group, the other of Japan's top three banks, appears to have remained in the black as the value of its stock holdings is low, the daily said. Japanese financial giants have been relatively resilient to the global credit crunch that has pushed banks worldwide to the brink of bankruptcy, but they are now being squeezed by weak markets and a recession at home. Japanese share prices have sharply dipped since October as the global financial crisis worsened. The key Nikkei average of the Tokyo Stock Exchange ended the year at 8,859.56 points, down more than 2,000 from the end of September. The group net losses of Mitsubishi UFJ and Mizuho Financial in October-December are both estimated at "several tens of billions of yen," the daily quoted unnamed senior officials of the companies as saying. Ten billion yen is worth some 111 million dollars at the current exchange rate. As a result, the two megabanks are seen likely to revise downward their earnings forecasts for the full financial year to March 2009 unless Japanese share prices recover, the Mainichi said. Mitsubishi UFJ's annual net profit is forecast to drop 65 percent to 220 billion yen in the year. Mizuho Financial expects a drop of 19 percent in its annual net profit to 250 billion yen. Sumitomo Mitsui forecasts its net profit for the year to plunge 61 percent to 180 billion yen. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Enlarge Photo A man walks past a logo of Mitsubishi UFJ Financial Group Inc (MUFJ), in Tokyo. Japanese megabanks MUFJ and Mizuho Financial appear to have experienced a group net loss in the three months to December due to a plunging stock market, a major daily reported Most Popular – Top Stories Viewed Rare Bugatti untouched for 50 years could fetch millions: report World's oldest person dies at the age of 115 Vogue editor biggest fashion flop of 08: Time Paulson blames global imbalances for credit crisis: report US steel industry in collapse, eyes government aid: report View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

Other News on Saturday, 3 January 2009
Suicide bomber kills 23 near Baghdad
Muslims around the world protest Gaza assault
France hands pirates to Somalia, more attacks foiled | International |
JPG Magazine shutting down next week
"Starsky And Hutch" Star Bernie Hamilton Dies
Website saves fashion faux pas at Obama inauguration
North Korea's Kim greets soldiers for new year: agency | International |
US steel industry in collapse, eyes government aid: report
World's oldest person dies at the age of 115
N.Korea's Kim inspects tank division: state media
Ritter to nominate Bennet to fill Senate vacancy
US backs democracy in Myanmar ahead of anniversary
Rice vows hard work on arranging Gaza cease-fire
Pakistan reopens supply route to Afghanistan
US says ceasefire must include end to Hamas rocket fire
Background on 25-year conflict in Sri Lanka
Australian senator to visit S’pore as 28th LKY Exchange Fellow
Mudslide, Debris Close Parts Of Oregon's Mt. Hood Highway
Will Smith voted 2008's top money-making movie star | Entertainment |
Just a Minute With: Oscar winner Cate Blanchett | Entertainment |
Universal Pictures says hits record box office in 2008 | Entertainment |
2008 another tough year for music industry in US
America's most famous French bookstore to down shutters
Wallace and Gromit help to fight obesity
Picasso, Matisse prints stolen from Berlin gallery
Iraq: Key figures since the war began
Hamas leader says it ready to confront Gaza invasion | International |
Bombing at Iraq tribal lunch kills at least 23
Worldwide semiconductor sales fall in November
Ghana ballot delivers blow to ruling party | International |
AsianWeek to go online only
Vogue editor biggest fashion flop of 08: Time
Wikipedia reaches 6-million-dollar fundraising target
Update: Travolta's Son Dead Following Seizure In Bahamas
WHO confirms 3 Ebola deaths in Congo | International |
US Treasury assumes free rein on finance, auto rescues
John Travolta's Son Dead In The Bahamas On Family Vacation
US winery owner dies in Brazil
US looks upscale for London embassy design
Correction: Aviation Outlook story
Wall Street Ends Week With Rally, Locking In Gains
Update: Travolta's Son Dies From Seizure At Family Vacation Home
John Travolta's Son Dead At 16 In Bahamas
American Manufacturing Hit 28-Year Low In December
John Travolta's son dies in Bahamas | Entertainment |
Heather Locklear in plea deal for reckless driving | Entertainment |
Rapper Dr. Dre son's death due to heroin overdose | Entertainment |
Beyonce, Lady Gaga lead U.S. singles chart | Entertainment |
Hollywood closes off record foreign sales year
Image need overhaul? Hollywood PR vet offers help
John Travolta's 16-year-old son dies in Bahamas
Hollywood closes off record foreign sales year
Clarification: New Year's parties story
Image need overhaul? Hollywood PR vet offers help
Charlie Rose mistakenly declares friend dead
Israeli assault on Gaza enters 2nd week with no end in sight
Australia rejects Guantanamo resettlement requests | International |
Record US deaths in Afghanistan in 2008, lowest in Iraq
Raul Castro says hopes too high for Obama | International |
Sri Lanka bombs Tigers in north after fall of HQ | International |
Israel lets Palestinians flee; UN warns of crisis
US Treasury finalizes 4-billion-dollar loan to Chrysler
Violence erupts again in divided Kosovo town | International |
UN chief wants monitors for Gaza cease-fire
Anti-whaling activists leave Antarctica to refuel | International |
Thai officials struggle to identify fire victims
Pakistani cenbank sells 25 bln rupees of T-bills
Japan's jobless fill tent village in Tokyo park
Thousands displaced by floods in Philippines: officials
Mitsubishi UFJ, Mizuho Financial in red in last quarter: report
Sri Lanka army pushes farther into rebel territory
Cuba's Raul Castro offers direct talks with Obama
Thai New Year road deaths toll hits 278: ministry
Mexico Zapatista leader slams Obama over Gaza silence
Five die in China chemical plant explosion: state media
US military deaths in Iraq war at 4,221
SKorea asks for UN help to improve NKorea ties
Sheikh Hasina to be named next Bangladesh PM: party
Australia rejects US request on Guantanamo detainees
Parents of kids in China milk scandal released
Creative Tech cut workforce by half in 2008-report
John Travolta's son dies in Bahamas | Entertainment |
John Travolta's 16-year-old son dies in Bahamas
Iraqi premier visits Iran to discuss US-Iraq pact
Russia gas row disruption spreads to Bulgaria | International |
Afghan security not as bad as portrayed: NATO force deputy
Iraq won't be used to threaten neighbors: Maliki | International |
John Travolta's teenage son dies in Bahamas
Officials: Pakistan arrests senior Taliban figure
New Bangladesh Parliament members sworn in
Body of S’porean killed in Bangkok blaze to be flown back
Japan striker Okubo to sign for Wolfsburg
Official: Near-freezing cold kills 14 in India
Commemorative coins launched to celebrate Year of the Ox
Obama: "We Must Come Together As Americans"
India asks Pakistan to hand over Mumbai suspects
Two of four newly appointed senior counsels from AG’s Chambers
Protesting SKorean lawmakers scuffle with guards
MOM resolves disputes between PRC workers and employers
Iraqi PM Maliki begins Iran visit
Taliban leader arrested in Pakistan: officials | International |
Russia slams Ukraine in gas row, Kiev warns EU of problems
Iraq bombing highlights growing role of tribes | International |
Russia slams Ukraine in gas row, Kiev warns EU of problems
Japanese megabanks 'in red in last quarter'
Successful musical—theatre production "Wild Wild Rose" in Singapore
SM Goh says investing in education is key when dealing with economic uncertainty
Singapore Red Cross to expand programmes to groom more volunteers
Oman says to trim 2009 spending if sub-$45 oil
Chrysler Gets Initial $4 Billion Of Bailout Loan
Bukit Batok residents gather in remembrance of Dr Ong Chit Chung
'Sea Of Shoes' Cover Miami Freeway, Cause Traffic Jam
Officials: Pakistan arrests senior Taliban figure
San Francisco Seeks To Address Soaring Murder Rate
Australia Rejects U.S. Request To Take Gitmo Detainees
Sri Lanka bombs rebels after seizing their HQ
Massachusetts Gone To Pot? Police Say They Won't Ticket Marijuana Users
India asks Pakistan to hand over Mumbai suspects
Thousands Of Shoes Flood Miami Freeway During A.M. Rush Hour
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01