Latest news with #MizuhoBank
CNA
3 days ago
- Business
- CNA
CNA938 Rewind - Wrap of Japan's business headlines: Japan-US tariff talks, Nippon Steel deal
CNA938 Rewind Play From the Japan-US tariff negotiations, to the latest on the Nippon Steel deal and the idea of a US-Japan sovereign wealth fund, Andrea Heng and Hairianto Diman get a round-up of the business headlines in Japan. For that, they speak with Vishnu Varathan, Managing Director & Chief Economist, Asia ex-Japan, Mizuho Bank.
Mint
4 days ago
- Business
- Mint
Chinas yuan edges lower on dollar strength, weaker fixing
HONG KONG, - China's yuan weakened slightly against the U.S. dollar on Wednesday, as the central bank eased its fixing and the greenback held on to gains spurred by easing trade tensions and upbeat data. Prior to the market's opening, the People's Bank of China set the midpoint rate at 7.1894 per dollar, 18 pips weaker than the previous level. The midpoint rate is the level around which the yuan is allowed to trade a maximum of 2% up or down. That comes after the central bank set a slightly weaker-than-expected midpoint fixing for two days in a row, which is seen by market players as a sign to slow the currency's appreciation. The yuan is up 1.0% against the dollar this month following a de-escalation in China-U.S. trade tensions, while the greenback weakened on concerns over the U.S. fiscal outlook. The move indicates that the PBoC is phasing out its one-way CNY fixing support, said Ken Cheung, chief Asian FX strategist at Mizuho Bank. "Notably, CNH/CNY spot spread has turned negative since May 23, reflecting a modest RMB appreciation bias is building up," he added. By 03:22 GMT, the yuan was 0.04% lower at 7.1985 to the dollar after trading in a range of 7.1910 to 7.2033. The offshore yuan traded at 7.1961 per dollar, down about 0.06% in Asian trade. Based on Wednesday's official guidance, the yuan is allowed to drop as far as 7.3332. Elsewhere, the Hong Kong dollar weakened past 7.84 per dollar for the first time since September 2023. The dollar's six-currency index was 0.3% higher at 99.79, building on Tuesday's rally, as upbeat economic data in the United States and easing trade frictions lifted sentiment. Key onshore vs offshore levels: * Overnight dollar/yuan swap onshore -6.00 pips vs. offshore -6.00 * Three-month SHIBOR 1.6 % vs. 3-month CNH HIBOR 1.7 % This article was generated from an automated news agency feed without modifications to text.
Time of India
14-05-2025
- Business
- Time of India
Credit Saison secures $150 million ECB funding from Mizuho
Paragash said the funds will be used to enhance the loan book through the branch lending operations and its partnership through fintech firms. Credit Saison India has secured $150 million in ECB funding from Mizuho Bank through its GIFT City branch, following Mizuho's equity investment last year. The five-year tenor funding will enhance Credit Saison India's loan book and expand its pan-India footprint through branch lending and fintech partnerships. This deal demonstrates Mizuho's confidence in Credit Saison India's growth model. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: Non-bank lender Credit Saison (CS) India has secured an ECB funding of $150 million from Mizuho Bank under a bilateral follows Mizuho Bank's equity investment for a 15% stake in CS India last year for $145 transaction is structured through Mizuho's GIFT City branch with a five-year tenor."This ECB transaction, after their equity investment in 2024, demonstrates deep conviction in our growth model and long-term potential in India," said Presha Paragash, CEO, Credit Saison India. "It also reflects the strength of our multi-product, multi-vertical focused business strategy, and gives us the power to accelerate our plans to scale the business and expand our pan-India footprint."Paragash said the funds will be used to enhance the loan book through the branch lending operations and its partnership through fintech April, Credit Saison India had secured a syndicated loan of $200 million with the participation of Axis Bank , DBS Bank (Singapore) and CTBC Bank (Taiwan). Credit Saison India is owned by Kisetsu Saison Finance, an RBI-registered NBFC.
Zawya
13-05-2025
- Business
- Zawya
Abu Dhabi deepens economic ties with Japan at a flagship Investment Forum in Tokyo
ADIO signs strategic agreements with ITOCHU Corporation and Mizuho Bank Abu Dhabi, United Arab Emirates – The Abu Dhabi Investment Office (ADIO) successfully concluded its flagship Abu Dhabi Investment Forum (ADIF) in Tokyo, building on growing economic ties between the UAE and Japan and accelerating shared ambitions in future-focused industries. The Tokyo forum marked the event's debut in Japan, following previous editions held in London, Beijing and Shanghai. Hosted in partnership with the Abu Dhabi Department of Economic Development (ADDED) and Abu Dhabi Global Market (ADGM), the event convened senior Japanese government officials, institutional investors and private sector leaders, along with an Abu Dhabi delegation led by His Excellency Ahmed Jasim Al Zaabi, Chairman of ADDED and ADGM, comprising Abu Dhabi Customs, Abu Dhabi Chamber of Commerce and Industry (ADCCI), KEZAD and Hub71, as well as representatives from Mubadala, Abu Dhabi Airports, HSBC, ADX and various private sector institutions. As bilateral discussions progress towards a Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Japan, ADIF Tokyo served as a timely platform to align strategic priorities and unlock cross-border collaboration across priority sectors, including technology, life sciences, real state and clean energy. Discussions at the forum reinforced Abu Dhabi's position not only as a destination for capital, but also as a global gateway to high-growth markets across the Middle East, Africa and South Asia. Delivering the keynote address, His Excellency Ahmed Jasim Al Zaabi, Chairman of ADDED and ADGM, articulated Abu Dhabi's strategic vision to become a diversified, export-driven economy, powered by innovation, growth in non-oil sectors and an investor-centric policy landscape. His Excellency underscored the emirate's transformation into a global platform for knowledge-based industries and future-defining technologies. His Excellency Shihab Al Faheem, Ambassador of the United Arab Emirates to Japan, reaffirmed the deep-rooted ties between the two nations and highlighted shared values of pragmatism, foresight and mutual respect as pillars of a robust, forward-looking partnership. The Ambassador emphasised the importance of collaboration across emerging fields, such as smart infrastructure, sustainable urban development and AI-powered healthcare. During the forum, ADIO signed several strategic agreements to accelerate Japanese investments into Abu Dhabi and strengthen commercial cooperation. ADIO partnered with ITOCHU Corporation, a leading Japanese general trading company, to support the expansion of its portfolio companies into Abu Dhabi. Meanwhile, an agreement with Mizuho Financial Group, one of Japan's predominant bank holding companies, aims to expedite investor access to opportunities across the emirate's priority sectors. His Excellency Badr Al-Olama, Director General of ADIO, said: 'ADIF Japan marks a significant step forward in deepening the economic partnership between Abu Dhabi and Japan. With a business environment defined by its stability, agility and forward momentum, Abu Dhabi offers Japanese investors a trusted platform to grow and scale with confidence. This forum lays the foundation for more dynamic partnerships, poised to unlock long-term value for both economies.' The UAE has been Japan's leading Gulf trading partner for over a decade, with non-oil bilateral trade reaching $17.7 billion in 2024. Over the past five years, the UAE's investments in Japan have more than doubled, ranking the country among Japan's top investors, while the UAE attracts over 80% of Japanese investments in the Middle East.
Nikkei Asia
28-04-2025
- Business
- Nikkei Asia
Mizuho to steer Japanese companies to India for green investments
MUMBAI -- Mizuho Bank announced on Monday that it has partnered with Invest India, a government agency backed by the private sector, to help Japanese companies invest in areas like clean energy. Mizuho Bank Managing Executive Officer Yasuhiko Ushikubo and Invest India CEO Nivruti Rai signed a memorandum of cooperation in New Delhi on Monday, marking the first time that Invest India has partnered with a Japanese financial institution.
