Japan gathering information on Nomura, MUFG losses linked to U.S. client
Asia

Japan gathering information on Nomura, MUFG losses linked to U.S. client

By Administrator_India Capital Sands Japan is looking into the financial losses incurred by MUFG and Nomura through deals related to an unnamed U.S. client, and will gather and share information on the matter with the Bank of Japan and overseas authorities, the finance minister said. Taro Aso’s comments come after Mitsubishi UFJ Financial Group estimated […]

Asian shares rise on vaccine bets but analysts urge caution
Asia

Asian shares rise on vaccine bets but analysts urge caution

By Administrator_India Capital sands TOKYO/BOSTON (Reuters) – Asian shares rose toward a more than two-year peak on Thursday, buoyed by sustained global stimulus efforts and hopes of a coronavirus vaccine, but some analysts warned of the risk of a correction lower. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.44%, approaching the highest since […]

Reliance's digital unit wins Qualcomm backing in boost to 5G plans
Asia

Reliance’s digital unit wins Qualcomm backing in boost to 5G plans

By Administrator_India Capital Sands India’s Reliance Industries said on Sunday Qualcomm Inc’s investment arm will buy a 0.15% stake in its digital unit Jio Platforms for 7.3 billion rupees ($97.1 million). The partnership will help Jio Platforms, the unit that houses Reliance’s telecoms venture Jio Infocomm, to “roll out advanced 5G infrastructure and services for […]

Reliance in $870 million General Atlantic deal as Jio Platforms funding tops $8 billion
Asia

Reliance in $870 million General Atlantic deal as Jio Platforms funding tops $8 billion

By Administrator_India Capital Sands India’s Reliance Industries on Sunday announced U.S. fund General Atlantic will invest 65.98 billion rupees ($870 million) in Jio Platforms, a fourth deal that takes investment in its digital unit to over $8 billion in less than a month. General Atlantic will pick up a 1.34% stake in Jio Platforms which […]