Latest news with #businessopportunities
Yahoo
3 days ago
- Business
- Yahoo
Japan's Nomura committed to growth of US business, CEO says
By Anton Bridge TOKYO (Reuters) -Nomura Holdings, Japan's largest investment bank and brokerage, is committed to growing its business in the United States despite recent market volatility, its chief executive said on Friday. The announcement of sweeping tariffs in April triggered market turbulence and led some investors to sell down U.S. assets as they question U.S. financial dominance and safety. "Although America can be said to be the epicentre of the market volatility surrounding global tariff negotiations, the U.S. is the most important area rich in business opportunities," CEO Kentaro Okuda said at an investor relations event in Tokyo. The U.S. market accounted for 14% of Nomura's income before income taxes in the year ended March 2025, according to an investor relations presentation. Nomura's management has long sought to establish the bank as a global player and in April announced the acquisition of Australian Macquarie Group's U.S. and European public asset management businesses for $1.8 billion - its largest ever. But some previous acquisitions have had mixed results, such as the purchase of some assets from Lehman Brothers in 2008, which it later wrote down. While the U.S. market will remain attractive over the long term, Nomura can benefit from any moves away from U.S. assets, Christopher Willcox, head of wholesale and chairman of the asset management division, said at the event. "We think that the dominance of the U.S. market over the last few years is unhealthy and a rebalancing towards focusing on Europe and Asia is a good thing," Willcox said. "We run a global business so that's fine," Willcox added. 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
CNA
3 days ago
- Business
- CNA
Japan's Nomura committed to growth of US business, CEO says
TOKYO :Nomura Holdings, Japan's largest investment bank and brokerage, is committed to growing its business in the United States despite recent market volatility, its chief executive said on Friday. The announcement of sweeping tariffs in April triggered market turbulence and led some investors to sell down U.S. assets as they question U.S. financial dominance and safety. "Although America can be said to be the epicentre of the market volatility surrounding global tariff negotiations, the U.S. is the most important area rich in business opportunities," CEO Kentaro Okuda said at an investor relations event in Tokyo. The U.S. market accounted for 14 per cent of Nomura's income before income taxes in the year ended March 2025, according to an investor relations presentation. Nomura's management has long sought to establish the bank as a global player and in April announced the acquisition of Australian Macquarie Group's U.S. and European public asset management businesses for $1.8 billion - its largest ever. But some previous acquisitions have had mixed results, such as the purchase of some assets from Lehman Brothers in 2008, which it later wrote down. While the U.S. market will remain attractive over the long term, Nomura can benefit from any moves away from U.S. assets, Christopher Willcox, head of wholesale and chairman of the asset management division, said at the event. "We think that the dominance of the U.S. market over the last few years is unhealthy and a rebalancing towards focusing on Europe and Asia is a good thing," Willcox said.
Reuters
3 days ago
- Business
- Reuters
Japan's Nomura committed to growth of US business, CEO says
TOKYO, May 30 (Reuters) - Nomura Holdings (8604.T), opens new tab, Japan's largest investment bank and brokerage, is committed to growing its business in the United States despite recent market volatility, its chief executive said on Friday. The announcement of sweeping tariffs in April triggered market turbulence and led some investors to sell down U.S. assets as they question U.S. financial dominance and safety. "Although America can be said to be the epicentre of the market volatility surrounding global tariff negotiations, the U.S. is the most important area rich in business opportunities," CEO Kentaro Okuda said at an investor relations event in Tokyo. The U.S. market accounted for 14% of Nomura's income before income taxes in the year ended March 2025, according to an investor relations presentation. Nomura's management has long sought to establish the bank as a global player and in April announced the acquisition of Australian Macquarie Group's ( opens new tab U.S. and European public asset management businesses for $1.8 billion - its largest ever. But some previous acquisitions have had mixed results, such as the purchase of some assets from Lehman Brothers in 2008, which it later wrote down. While the U.S. market will remain attractive over the long term, Nomura can benefit from any moves away from U.S. assets, Christopher Willcox, head of wholesale and chairman of the asset management division, said at the event. "We think that the dominance of the U.S. market over the last few years is unhealthy and a rebalancing towards focusing on Europe and Asia is a good thing," Willcox said. "We run a global business so that's fine," Willcox added.
Yahoo
24-05-2025
- Business
- Yahoo
Hong Kong and Middle East: Partnering for Success
Hong Kong, SAR--(Newsfile Corp. - May 24, 2025) - Chief Executive of the Hong Kong Special Administrative Region (HKSAR), John Lee, hailed as a "success" his recent visit to the Middle East (May 10-15), where he led a delegation of more than 50 business leaders and entrepreneurs from Hong Kong and Mainland China on a visit to Qatar and Kuwait. Cannot view this video? Visit: "This Middle East visit has elevated Hong Kong's relations with Qatar and Kuwait to a new level, bringing more business opportunities to Hong Kong," Mr Lee said. Summing up the trip, the Chief Executive said the delegation had achieved three key objectives: to strengthen government-to-government relations; to find new areas of collaboration; and to make friends and extend networks in the region. "We share a common commitment to deepening bilateral co-operation in trade, investment and cultural exchanges," Mr Lee said, noting his roundtable discussion with senior Kuwaiti officials hosted by the Acting Prime Minister of Kuwait His Excellency Sheikh Fahad Yousuf Saud Al-Sabah. The Chief Executive highlighted six particularly successful areas of the trip. First, strengthening relations with the governments of Qatar and Kuwait, and building consensus for collaboration. Second, reaching a total of 59 memoranda of understanding (MOUs) and agreements (35 in Qatar and 24 in Kuwait), laying a diversified foundation for multifaceted co-operation. Third, leveraging Hong Kong's strengths under "one country, two systems" as a "super connector" and "super value-adder", bridging global opportunities and linking the Mainland and the world. Fourth, bolstering ties between Hong Kong and the Gulf Cooperation Council (GCC) member states. The Chief Executive, together with his previous Middle East mission to Saudi Arabia and the United Arab Emirates in 2023, has visited four of the six GCC member states. "The HKSAR Government is now actively exploring a free trade agreement with the GCC to further access this vital market," Mr Lee said. Fifth, deepening mutual understanding and strengthening business networks and connections by promoting the strengths and opportunities of Hong Kong and Mainland China to partners in Qatar and Kuwait. Sixth, advancing cultural exchanges and people-to-people connections with GCC countries. "Middle East countries are seeking diversification of risks and looking for opportunities in (Mainland) China and the HKSAR in order to join the tide of the global economic shift towards the East," Mr Lee said. "In this, Hong Kong has boundless opportunities." Hashtag: #hongkong #brandhongkong #asiasworldcity #collaboration #partnering #middleeast #beltandroad #kuwait #qatar Media Contact: Ms Linna KuInformation Services DepartmentHong Kong SAR Governmentlinnaku@ The issuer is solely responsible for the content of this announcement. To view the source version of this press release, please visit 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
Malay Mail
24-05-2025
- Business
- Malay Mail
Hong Kong and Middle East: Partnering for Success
HONG KONG SAR - Media OutReach Newswire - 24 May 2025 - Chief Executive of the Hong Kong Special Administrative Region (HKSAR), John Lee, hailed as a "success" his recent visit to the Middle East (May 10-15), where he led a delegation of more than 50 business leaders and entrepreneurs from Hong Kong and Mainland China on a visit to Qatar and Kuwait."This Middle East visit has elevated Hong Kong's relations with Qatar and Kuwait to a new level, bringing more business opportunities to Hong Kong," Mr Lee up the trip, the Chief Executive said the delegation had achieved three key objectives: to strengthen government-to-government relations; to find new areas of collaboration; and to make friends and extend networks in the region."We share a common commitment to deepening bilateral co-operation in trade, investment and cultural exchanges," Mr Lee said, noting his roundtable discussion with senior Kuwaiti officials hosted by the Acting Prime Minister of Kuwait His Excellency Sheikh Fahad Yousuf Saud Chief Executive highlighted six particularly successful areas of the strengthening relations with the governments of Qatar and Kuwait, and building consensus for reaching a total of 59 memoranda of understanding (MOUs) and agreements (35 in Qatar and 24 in Kuwait), laying a diversified foundation for multifaceted leveraging Hong Kong's strengths under "one country, two systems" as a "super connector" and "super value-adder", bridging global opportunities and linking the Mainland and the bolstering ties between Hong Kong and the Gulf Cooperation Council (GCC) member states. The Chief Executive, together with his previous Middle East mission to Saudi Arabia and the United Arab Emirates in 2023, has visited four of the six GCC member states. "The HKSAR Government is now actively exploring a free trade agreement with the GCC to further access this vital market," Mr Lee deepening mutual understanding and strengthening business networks and connections by promoting the strengths and opportunities of Hong Kong and Mainland China to partners in Qatar and advancing cultural exchanges and people-to-people connections with GCC countries."Middle East countries are seeking diversification of risks and looking for opportunities in (Mainland) China and the HKSAR in order to join the tide of the global economic shift towards the East," Mr Lee said."In this, Hong Kong has boundless opportunities."Hashtag: #hongkong #brandhongkong #asiasworldcity #collaboration #partnering #middleeast #beltandroad #kuwait #qatar The issuer is solely responsible for the content of this announcement.
