Mizuho Raises Profit Forecast as Japan Banks Beat Estimates
Tokyo-based Mizuho now expects net income to reach a record ¥1.02 trillion ($6.9 billion) in the year ending March 31, up from ¥940 billion projected earlier, it said Thursday. Sumitomo Mitsui's first-quarter profit reached about 29% of its full-year goal, which it left unchanged at ¥1.3 trillion.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
8 minutes ago
- Yahoo
Cheniere and JERA Sign Long-Term LNG Sale and Purchase Agreement
HOUSTON, August 07, 2025--(BUSINESS WIRE)--Cheniere Energy, Inc. ("Cheniere" or the "Company") (NYSE: LNG) and JERA Co., Inc. ("JERA") jointly announced today that Cheniere Marketing, LLC ("Cheniere Marketing") and JERA have entered into a long-term liquefied natural gas ("LNG") sale and purchase agreement ("SPA"). Under the SPA, JERA has agreed to purchase approximately 1.0 million tonnes per annum ("mtpa") of LNG from Cheniere Marketing on a free-on-board basis from 2029 through 2050. The purchase price for LNG under the SPA is indexed to the Henry Hub price, plus a fixed liquefaction fee. "We are pleased to enter into this multi-decade agreement with JERA, the largest power producer in Japan and one of the largest buyers of LNG in the world," said Jack Fusco, Cheniere's President and Chief Executive Officer. "This SPA fortifies our longstanding relationship with JERA, which is based upon years of cooperation and mutually beneficial LNG trade. We look forward to providing our flexible, reliable and cleaner burning LNG to JERA through 2050 under this new long-term agreement." Yukio Kani, Global CEO and Chair of JERA adds, "JERA and Cheniere have built a trusted relationship over many years, and we are pleased to extend this relationship further. This long-term agreement with Cheniere—a global leader in LNG—supports JERA's strategy to diversify and strengthen our LNG procurement portfolio, reinforcing our role as a long-term energy partner in the U.S. and deepening our commitment to securing reliable energy supplies. Together, we will continue to contribute to the energy security, stability, and sustainability of Japan and the broader region for decades to come." About Cheniere Cheniere Energy, Inc. is the leading producer and exporter of LNG in the United States, reliably providing a clean, secure, and affordable solution to the growing global need for natural gas. Cheniere is a full-service LNG provider, with capabilities that include gas procurement and transportation, liquefaction, vessel chartering, and LNG delivery. Cheniere has one of the largest liquefaction platforms in the world, consisting of the Sabine Pass and Corpus Christi liquefaction facilities on the U.S. Gulf Coast, with total production capacity of approximately 49 mtpa of LNG in operation and an additional over 12 mtpa of expected production capacity under construction, inclusive of estimated debottlenecking opportunities. Cheniere is also pursuing liquefaction expansion opportunities and other projects along the LNG value chain. Cheniere is headquartered in Houston, Texas, and has additional offices in London, Singapore, Beijing, Tokyo, Dubai and Washington, D.C. For additional information, please refer to the Cheniere website at and Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, filed with the Securities and Exchange Commission. About JERA JERA is a global energy leader and Japan's largest power generation company focused on providing cutting-edge solutions to the world's energy issues. Established in 2015, the Company produces one-third of Japan's electricity, and is one of the largest LNG buyers in the world. JERA has global reach and strength throughout the energy supply chain, from participation in LNG upstream projects and fuel procurement, through fuel transportation to power generation. In support of a responsible energy transition, JERA has committed to achieving net-zero CO₂ emissions from its domestic and overseas businesses by 2050. Forward-Looking Statements This press release contains certain statements that may include "forward-looking statements" within the meanings of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical or present facts or conditions, included herein are "forward-looking statements." Included among "forward-looking statements" are, among other things, (i) statements regarding Cheniere's financial and operational guidance, business strategy, plans and objectives, including the development, construction and operation of liquefaction facilities, (ii) statements regarding regulatory authorization and approval expectations, (iii) statements expressing beliefs and expectations regarding the development of Cheniere's LNG terminal and pipeline businesses, including liquefaction facilities, (iv) statements regarding the business operations and prospects of third-parties, (v) statements regarding potential financing arrangements, (vi) statements regarding future discussions and entry into contracts, (vii) statements relating to Cheniere's capital deployment, including intent, ability, extent, and timing of capital expenditures, debt repayment, dividends, share repurchases and execution on the capital allocation plan, and (viii) statements relating to our goals, commitments and strategies in relation to environmental matters. Although Cheniere believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere's periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere does not assume a duty to update these forward-looking statements. View source version on Contacts Cheniere Energy, Inc. Investors Randy Bhatia, 713-375-5479Frances Smith, 713-375-5753 Media Relations Randy Bhatia, 713-375-5479Bernardo Fallas, 713-375-5593 JERA Co., Inc. Media
NBC News
11 minutes ago
- NBC News
Tariffs on dozens on countries take effect and Kremlin confirms Trump-Putin meeting: Morning Rundown
Sweeping tariffs on dozens of countries have taken effect. A doctor fears that a rift with UnitedHealthcare could bankrupt her clinic. And a conservative community fights to keep a beloved teacher from being deported. Here's what to know today. Trump's tariffs take effect, affecting everything from food to cars from around the world After months of threats, delays and extensions, President Donald Trump's sweeping tariffs took effect overnight, raising the overall average tariff rate to more than 17%, its highest since the Great Depression. Everything from European Union appliances and Japanese cars to food, furniture and toys from China TVs from South Korea will be hit. However, selected oil and gas imports, along with some smartphones and goods covered by a pre-existing trade agreement with Canada and Mexico, are not affected. Trump has indicated his trade offensive won't stop. The president said he still plans to impose import taxes on pharmaceutical products and semiconductors. Amid that pressure, Apple said it plans to invest $600 billion in the U.S. over the next four years amid pressure from Trump to shift its supply chain to American soil. Meanwhile, Trump hiked the tariff rate for India to 50% because of the nation's purchases of Russian oil, and he said he could raise the European Union's tariff level to 35% from 15% if it reneges on an investment commitment. The Trump administration has already insisted tariffs are working, pointing to billions raised in new monthly revenues for the federal government. While the White House says nations have pledged hundreds of billions of dollars in investments, it hasn't released details of how that money will be spent. While the full effect of the tariffs is yet to be felt, the U.S. economy appears to be on much shakier ground than at the start of the year. Price growth has continued to pick up, employment growth in manufacturing has flatlined and other non-manufacturing sectors are feeling the pinch. The Kremlin said Thursday that a meeting between presidents Donald Trump and Vladimir Putin has been agreed in principle and will happen in the 'coming days,' teeing up their first in-person encounter of Trump's second term. At the same time, Moscow all but dismissed Trump's proposal for a three-way summit involving Putin and Ukrainian President Volodymyr Zelenskyy, continuing the Kremlin's longstanding resistance to such a sit-down. Trump's efforts are part of his campaign promise to resolve Russia's war in Ukraine, and his wider 'America First' pledge to end involvement in foreign conflicts altogether. 'At the suggestion of the American side, an agreement in principle was made to hold a bilateral meeting at the highest level in the coming days,' Putin's longtime foreign policy aide, Yury Ushakov, said in an audio idea of a Trump-Putin-Zelenskyy meeting 'for some reason was mentioned by Washington yesterday' but 'not specifically discussed,' Ushakov said. The Russian side had 'left this option completely, completely without comment.' The Trump administration is currently still set to impose secondary sanctions on Russia this week, despite a meeting yesterday between U.S. special envoy Steve Witkoff and Putin. An administration official said secondary sanctions 'are still expected to be implemented on Friday.' Zelenskyy said he spoke to Trump after Witkoff's meeting and reiterated the country's insistence on defending its independence. Putin's longtime foreign policy aide, Yury Ushakov, said the talks were 'very useful and constructive,' adding that Russia has 'forwarded some signals ... on the Ukrainian issue.' Read the full story here. More politics news: As the fight in Texas over redistricting plays out, take a look at who draws congressional maps and how they do it. Also, review how nearly a decade of Supreme Court rulings have given states more redistricting power. National Intelligence Director Tulsi Gabbard declassified a document on Russia's 2016 election interference with relatively minimal redactions despite objections from CIA officials. Trump said he's considering a federal takeover of Washington, D.C.'s local police force. The Trump administration is scaling back the State Department's annual Human Rights Report, which is widely read around the world. A Republican running to succeed Mitch McConnell is leaning into the same anti-establishment sentiment that sent JD Vance from the private sector to the vice presidency. Texas surgeon fears insurance dispute may force her into bankruptcy Dr. Elisabeth Potter said she was midway through performing a breast reconstruction surgery when she got a call from a UnitedHealthcare representative who wanted to talk about the patient on the table. During the call, Potter said the representative wanted more information on why the patient needed an overnight hospital stay, even though the surgery had been approved. 'If they can ring me in the operating room, not for something urgent, just for that, and to ask me to justify her staying overnight ... we have lost our way,' Potter said in a TikTok video that has racked up nearly 6 million views. Potter said UnitedHealthcare denied coverage for the hospital stay. An insurance spokesperson said the stay was approved but there was an error with a separate request. Now, Potter believes UnitedHealthcare is retaliating against her because of her social media posts but not allowing her clinic in Austin, Texas, to join their in-network list of providers. Without being able to accept UnitedHealthcare patients in network — the second biggest player in the market, according to the Texas Department of Insurance — Potter said she likely won't be able to stay in business. Experts say the dispute is one example of ongoing tension between insurers and health care providers. Potter's dispute, in particular, comes as UnitedHealth Group comes under intense scrutiny. A new CDC report is the first to provide estimates about how much ultra-processed foods make up Americans' diets. It's more than half. A federal prison camp in Texas where Ghislaine Maxwell was transferred has increased security measures in response to her arrival. And while there, Maxwell will be barred from participating in a puppy training program. The Trump administration has suspended $584 million in federal grants for UCLA, the first public university whose funding has been targeted over allegations of civil rights violations. Scientists want to stop AI from turning evil. Their solution? Teaching the models some bad behavior. I am endlessly fascinated by the stories of people dealing with the effects of major political decisions, such as the overhaul to America's immigration policy. I was especially interested in this incredible story from Daniela Pierre-Bravo about a Haitian immigrant who has become a beloved fixture in his Ohio community, where 83% of voters backed Trump last year. Science teacher Marc Rocher saw serious violence in Haiti. After a close friend was kidnapped and killed was the final straw, he left for the U.S., finding his way to Putnam County under temporary protective status. While it may be a reliably Republican corner of the state, Putnam County's church-goers, students and community members realized that losing Rocher to the country's immigration policies, which they helped put in motion as Trump voters, would mean losing a pillar of the community. Now, the pastor of a conservative church is standing up for Rocher. High school students are sending letters pleading with DHS Secretary Kristi Noem to let him stay. And a family with adopted Haitian children say Rocher has helped their sons heal from the trauma inflicted in their home country. To them, Rocher puts a human face on a polarizing political issue. — Michelle Garcia, NBC BLK editorial director NBC Select: Online Shopping, Simplified NBC Select has been testing fitness trackers for years now, and these are their favorites from Apple, Oura, Garmin and Fitbit. Plus, the brand On has a wide range of sneakers, but which are the right ones for you? We created a handy guide compiled our favorite On sneakers and apparel. here.
New York Times
11 minutes ago
- New York Times
Trump's Higher Tariffs Are Here. Now What?
Good morning. The next phase of President Trump's trade war is here, as scores of trading partners and imported products now face significantly higher tariffs. That will raise costs for many companies — except for those who have placated Trump with acceptable-enough promises to invest in the U.S. — and continue to scramble the outlook for global business. We dive into the latest below. Tariff tantrum Bruising tariffs went into effect a few hours ago on more than 90 countries as President Trump's trade war enters a new phase. The president has signaled that there's more to come. Trading partners are scrambling to negotiate better terms, while many of their industries — Japan's automakers, for one — reel from the protectionist attack. Here's a country-by-country tariff tracker. But investors appear to be shrugging off the potential hit to global commerce. Stocks in Asia and Europe were trading mostly higher, helped by decent earnings that suggest that some companies are holding up. That's in part because many deeply involved in international trade, like the shipping giant Maersk and Chinese exporters, have found resilient demand outside the U.S. S&P 500 and Nasdaq Composite futures are gaining, too. The latest: Shares in Toyota fell after the Japanese auto giant forecast a $9.5 billion hit from tariffs, and lowered its full-year profit guidance. Several overseas chipmakers appear to have dodged a blow from a new 100 percent levy that Trump threatened on semiconductor imports. That tax would be waived for those companies already 'building' in America, Trump said; shares in TSMC and Samsung, which have large U.S. manufacturing hubs, are rallying on Thursday. The Magnificent Seven group of tech giants hit a record on Wednesday, buoyed by a surge in Apple shares. (More on that in a second.) Nvidia's stock gained as Jensen Huang, the chipmaker's C.E.O., met with Trump. Is Apple out of Trump's doghouse? Tim Cook separately joined Trump at the White House, announcing a commitment to invest an additional $100 billion in the U.S. Cook had a 24-karat gold gift for the president and said that 'every single new iPhone and every single new Apple Watch sold anywhere in the world will contain cover glass made in Kentucky.' It will be worth watching if the commitment will be enough to dissuade Trump from imposing tariffs on Apple products. (Remember that the iPhone maker has a history of pledging huge sums — in February it vowed to invest $500 billion domestically, drawing Trump's praise — but hasn't always followed through.) Want all of The Times? Subscribe.
