Latest news with #MizuhoBank
14 hours ago
- Business
Mizuho Bank to Acquire AI Financial Venture
News from Japan Economy Jul 29, 2025 19:35 (JST) Tokyo, July 29 (Jiji Press)--Mizuho Financial Group Inc. said Tuesday that it will acquire Upsider Holdings Inc., a Tokyo-based financial venture that uses artificial intelligence to provide credit cards and accounting efficiency services for corporate clients. Mizuho Bank, the core subsidiary of the Japanese financial group, will purchase a 70 pct stake in the venture for some 46 billion yen and make it a consolidated subsidiary. Mizuho Bank aims to strengthen financial services for small businesses and startups. A specific joint business strategy will be announced in autumn. "We hope to address the labor shortage faced by small and midsize companies that support the Japanese economy and to improve their fundraising capabilities," Mizuho Financial Group President Masahiro Kihara told a news conference. In November 2023, Mizuho Financial Group and Upsider jointly established a debt fund for startups, providing a total of about 13 billion yen in loans. [Copyright The Jiji Press, Ltd.] Jiji Press
CTV News
16 hours ago
- Automotive
- CTV News
Global shares are mostly higher as investors focus on U.S. trade talks with China
A person stands in front of an electronic stock board showing Japan's Nikkei index at a securities firm Tuesday, July 29, 2025, in Tokyo. (AP Photo/Eugene Hoshiko) TOKYO — Global shares were mixed Tuesday at the outset of a second day of trade talks between Chinese and U.S. officials. France's CAC 40 jumped 1.1% in early trading to 7,887.57, while the German DAX rose 1.0% to 24,191.38. Britain's FTSE 100 added 0.3% to 24,191.38. The future for the S&P 500 was up 0.2%. The future for the Dow Jones Industrial Average edged 0.1% higher. Japan's benchmark Nikkei 225 fell 0.8% to 40,674.55 on broad selling of major companies including automakers and big banks. Toyota Motor Corp. dipped 2.3% and Honda Motor Co. fell 2.1%. Sumitomo Mitsui Financial Group finished 1.8% lower, while Mitsubishi UFJ Financial Group stock dipped 1.6%. Hong Kong's Hang Seng dropped 0.2% to 25,524.45, while the Shanghai Composite gained 0.3% to 3,609.71. Analysts said investors were watching for the latest from U.S. President Donald Trump and U.S. trade talks with talks with China in Stockholm. U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng were meeting in the Swedish capital. 'Aside from addressing economic imbalances, tariffs are also now well entrenched in the geo-political arena,' Tan Boon Heng of the Asia & Oceania Treasury Department at Mizuho Bank said in a commentary. Australia's S&P/ASX 200 edged 0.1% higher to 8,704.60. South Korea's Kospi gained 0.7% to 3,230.57. Samsung Electronics edged 0.3% higher after jumping nearly 7% on Monday on news that it signed a deal with Tesla to provide computer chips for its electric vehicles. This week will bring a flurry of potentially market-moving data releases, corporate earnings and an interest rate decision by the Federal Reserve. The widespread expectation on Wall Street is that Fed officials will wait until September to resume cutting interest rates, though a couple of Trump's appointees could dissent in the vote. The Fed has been on hold with interest rates this year since cutting them several times at the end of 2024. On Monday, the S&P 500 was nearly flat, edging up by less than 0.1% to 6,389.77 and setting an all-time high for a sixth straight day. The Dow dipped 0.1% to 44,837.56, while the Nasdaq composite added 0.3% to its own record, closing at 21,178.58. Hundreds of U.S. companies are lined up to report how much profit they made during the spring, with nearly a third of the businesses in the S&P 500 index scheduled to deliver updates. Companies are broadly under pressure to deliver solid growth in profits following big jumps in their stock prices the last few months. Much of the gain was due to hopes that Trump would walk back some of his stiff proposed tariffs, and critics say the U.S. stock market looks expensive unless companies will produce bigger profits. In energy trading, benchmark U.S. crude jumped 50 cents to $67.21 a barrel. Brent crude, the international standard, gained 47 cents to $69.79 a barrel. In currency trading, the U.S. dollar fell to 148.53 Japanese yen from 148.56 yen. The euro cost $1.1567, down from $1.1589. Yuri Kageyama, The Associated Press
Al Arabiya
a day ago
- Business
- Al Arabiya
Asian shares mostly slip as focus shifts to US talks with China
Asian shares mostly declined Tuesday as some of the euphoria fizzled out over a tariff deal with Japan as proposed by President Donald Trump, which was followed by a similar deal with the European Union. Japan's benchmark Nikkei 225 slipped nearly 0.7 percent to 40725.23. Australia's S&P/ASX 200 lost 0.3 percent to 8670.50. South Korea's Kospi was little changed after reversing earlier losses, edging less than 0.1 percent higher to 3212.59. Hong Kong's Hang Seng dropped 1.1 percent to 25276.36, while the Shanghai Composite shed 0.3 percent to 3586.93. Analysts said markets were watching for the latest from Trump, which are now focused on the talks with China. US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng were meeting in Sweden. Bessent has said the negotiations will likely lead to an extension of current tariff levels. There was no significant new information after the first day of talks. Aside from addressing economic imbalances, tariffs are also now well entrenched in the geo-political arena, Tan Boon Heng of the Asia & Oceania Treasury Department at Mizuho Bank said in a commentary. Last week Trump announced a trade framework placing a 15 percent tax on goods imported from Japan, a level far lower than the earlier 25 percent rate that the president had indicated. Trump also said Japan would invest 550 billion into the US and open up to US autos and rice. Details are still unclear, but the accord set off some momentary relief. US stock indexes drifted through a quiet Monday after the United States agreed to tax cars and other products coming from the European Union at a 15 percent rate, lower than Trump had threatened. Many details of the trade deal are still to be worked out, and Wall Street is heading into a week full of potential flashpoints that could shake markets, including an interest rate decision Wednesday by the Federal Reserve. The widespread expectation on Wall Street is that Fed officials will wait until September to resume cutting interest rates, though a couple of Trump's appointees could dissent in the vote. The Fed has been on hold with interest rates this year since cutting them several times at the end of 2024. On Wall Street, the S&P 500 was nearly flat, edging up by less than 0.1 percent to 6389.77 and setting an all-time high for a sixth straight day. The Dow Jones Industrial Average dipped 0.1 percent to 44837.56, while the Nasdaq composite added 0.3 percent to its own record closing at 21178.58. Tesla rose 3 percent after its CEO Elon Musk said it had signed a deal with Samsung Electronics that could be worth more than 16.5 billion to provide computer chips for the electric-vehicle company. Samsung's stock in South Korea jumped 6.8 percent. Other companies in the chip and artificial-intelligence industries were strong, continuing their run from last week after Alphabet said it was increasing its spending on AI chips and other investments to 85 billion this year. Chip company Advanced Micro Devices rose 4.3 percent, and server-maker Super Micro Computer climbed 10.2 percent. But an 8.3 percent drop for Revvity helped to keep the market in check. The company in the life sciences and diagnostics businesses reported a stronger profit for the latest quarter than Wall Street expected, but its forecast for full year profit disappointed analysts. Companies are broadly under pressure to deliver solid growth in profits following big jumps in their stock prices the last few months. Much of the gain was due to hopes that Trump would walk back some of his stiff proposed tariffs, and critics say the US stock market looks expensive unless companies will produce bigger profits. Hundreds of US companies are lined up to report how much profit they made during the spring, with nearly a third of the businesses in the S&P 500 index scheduled to deliver updates. In energy trading, benchmark US crude inched up 1 cent to 66.72 a barrel. Brent crude, the international standard, added 6 cents to 70.10 a barrel. In currency trading, the US dollar rose to 148.56 Japanse yen from 148.54 yen. The euro cost 1.1600 up from 1.1593.
Yahoo
a day ago
- Business
- Yahoo
Asian shares mostly slip as focus shifts to US talks with China
TOKYO (AP) — Asian shares mostly declined Tuesday as some of the euphoria fizzled out over a tariff deal with Japan as proposed by President Donald Trump, which was followed by a similar deal with the European Union. Japan's benchmark Nikkei 225 slipped nearly 0.7% to 40,725.23. Australia's S&P/ASX 200 lost 0.3% to 8,670.50. South Korea's Kospi was little changed after reversing earlier losses, edging less than 0.1% higher to 3,212.59. Hong Kong's Hang Seng dropped 1.1% to 25,276.36, while the Shanghai Composite shed 0.3% to 3,586.93. Analysts said markets were watching for the latest from Trump, which are now focused on the talks with China. U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng were meeting in Sweden. Bessent has said the negotiations will likely lead to an extension of current tariff levels. There was no significant new information after the first day of talks. 'Aside from addressing economic imbalances, tariffs are also now well entrenched in the geo-political arena,' Tan Boon Heng of the Asia & Oceania Treasury Department at Mizuho Bank said in a commentary. Last week, Trump announced a trade framework, placing a 15% tax on goods imported from Japan, a level far lower than the earlier 25% rate that the president had indicated. Trump also said Japan would invest $550 billion into the U.S. and open up to U.S. autos and rice. Details are still unclear, but the accord set off some momentary relief. U.S. stock indexes drifted through a quiet Monday after the United States agreed to tax cars and other products coming from the European Union at a 15% rate, lower than Trump had threatened. Many details of the trade deal are still to be worked out, and Wall Street is heading into a week full of potential flashpoints that could shake markets, including an interest rate decision Wednesday by the Federal Reserve. The widespread expectation on Wall Street is that Fed officials will wait until September to resume cutting interest rates, though a couple of Trump's appointees could dissent in the vote. The Fed has been on hold with interest rates this year since cutting them several times at the end of 2024. On Wall Street, the S&P 500 was nearly flat, edging up by less than 0.1% to 6,389.77 and setting an all-time high for a sixth straight day. The Dow Jones Industrial Average dipped 0.1% to 44,837.56, while the Nasdaq composite added 0.3% to its own record, closing at 21,178.58. Tesla rose 3% after its CEO, Elon Musk, said it had signed a deal with Samsung Electronics that could be worth more than $16.5 billion to provide computer chips for the electric-vehicle company. Samsung's stock in South Korea jumped 6.8%. Other companies in the chip and artificial-intelligence industries were strong, continuing their run from last week after Alphabet said it was increasing its spending on AI chips and other investments to $85 billion this year. Chip company Advanced Micro Devices rose 4.3%, and server-maker Super Micro Computer climbed 10.2%. But an 8.3% drop for Revvity helped to keep the market in check. The company in the life sciences and diagnostics businesses reported a stronger profit for the latest quarter than Wall Street expected, but its forecast for full year profit disappointed analysts. Companies are broadly under pressure to deliver solid growth in profits following big jumps in their stock prices the last few months. Much of the gain was due to hopes that Trump would walk back some of his stiff proposed tariffs, and critics say the U.S. stock market looks expensive unless companies will produce bigger profits. Hundreds of U.S. companies are lined up to report how much profit they made during the spring, with nearly a third of the businesses in the S&P 500 index scheduled to deliver updates. In energy trading, benchmark U.S. crude inched up 1 cent to $66.72 a barrel. Brent crude, the international standard, added 6 cents to $70.10 a barrel. In currency trading, the U.S. dollar rose to 148.56 Japanse yen from 148.54 yen. The euro cost $1.1600, up from $1.1593. ___ AP Business Writer Stan Choe contributed. Yuri Kageyama, The Associated Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Independent
a day ago
- Business
- The Independent
Asian shares mostly slip as focus shifts to US talks with China
Asian shares mostly declined Tuesday as some of the euphoria fizzled out over a tariff deal with Japan as proposed by President Donald Trump, which was followed by a similar deal with the European Union. Japan's benchmark Nikkei 225 slipped nearly 0.7% to 40,725.23. Australia's S&P/ASX 200 lost 0.3% to 8,670.50. South Korea's Kospi was little changed after reversing earlier losses, edging less than 0.1% higher to 3,212.59. Hong Kong's Hang Seng dropped 1.1% to 25,276.36, while the Shanghai Composite shed 0.3% to 3,586.93. Analysts said markets were watching for the latest from Trump, which are now focused on the talks with China. U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng were meeting in Sweden. Bessent has said the negotiations will likely lead to an extension of current tariff levels. There was no significant new information after the first day of talks. 'Aside from addressing economic imbalances, tariffs are also now well entrenched in the geo-political arena,' Tan Boon Heng of the Asia & Oceania Treasury Department at Mizuho Bank said in a commentary. Last week, Trump announced a trade framework, placing a 15% tax on goods imported from Japan, a level far lower than the earlier 25% rate that the president had indicated. Trump also said Japan would invest $550 billion into the U.S. and open up to U.S. autos and rice. Details are still unclear, but the accord set off some momentary relief. U.S. stock indexes drifted through a quiet Monday after the United States agreed to tax cars and other products coming from the European Union at a 15% rate, lower than Trump had threatened. Many details of the trade deal are still to be worked out, and Wall Street is heading into a week full of potential flashpoints that could shake markets, including an interest rate decision Wednesday by the Federal Reserve. The widespread expectation on Wall Street is that Fed officials will wait until September to resume cutting interest rates, though a couple of Trump's appointees could dissent in the vote. The Fed has been on hold with interest rates this year since cutting them several times at the end of 2024. On Wall Street, the S&P 500 was nearly flat, edging up by less than 0.1% to 6,389.77 and setting an all-time high for a sixth straight day. The Dow Jones Industrial Average dipped 0.1% to 44,837.56, while the Nasdaq composite added 0.3% to its own record, closing at 21,178.58. Tesla rose 3% after its CEO, Elon Musk, said it had signed a deal with Samsung Electronics that could be worth more than $16.5 billion to provide computer chips for the electric-vehicle company. Samsung's stock in South Korea jumped 6.8%. Other companies in the chip and artificial-intelligence industries were strong, continuing their run from last week after Alphabet said it was increasing its spending on AI chips and other investments to $85 billion this year. Chip company Advanced Micro Devices rose 4.3%, and server-maker Super Micro Computer climbed 10.2%. But an 8.3% drop for Revvity helped to keep the market in check. The company in the life sciences and diagnostics businesses reported a stronger profit for the latest quarter than Wall Street expected, but its forecast for full year profit disappointed analysts. Companies are broadly under pressure to deliver solid growth in profits following big jumps in their stock prices the last few months. Much of the gain was due to hopes that Trump would walk back some of his stiff proposed tariffs, and critics say the U.S. stock market looks expensive unless companies will produce bigger profits. Hundreds of U.S. companies are lined up to report how much profit they made during the spring, with nearly a third of the businesses in the S&P 500 index scheduled to deliver updates. In energy trading, benchmark U.S. crude inched up 1 cent to $66.72 a barrel. Brent crude, the international standard, added 6 cents to $70.10 a barrel. In currency trading, the U.S. dollar rose to 148.56 Japanse yen from 148.54 yen. The euro cost $1.1600, up from $1.1593. ___
