Japan's Norinchukin Bank swings to $393 million profit in first quarter
The bank had run up nearly 3 trillion yen of unrealised loss by 2023 on its portfolio of foreign government bonds as rising interest rates in the U.S. and Europe slashed their value.
Realising this loss left the bank booking a net loss of 1.8 trillion yen for the year ended March 2025.
($1 = 147.5500 yen)
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Reuters
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South Korea, Vietnam leaders pledge closer ties as US tariffs shake up trade
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Finextra
25 minutes ago
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Zodia Markets raises over $18 million in Series A funding
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