The Global Trade Finance market research report comprises the description of all major aspects concerning the Trade Finance market It provides helpful information that focuses on the key aspects and features linked to the market current and forecast growth trends ...
TOKYO--( BUSINESS WIRE )--MUFG Bank, Ltd.: Company name: Mitsubishi UFJ Financial Group, Inc.
Mitsubishi UFJ Financial Group Inc (MUFG) reported on Friday a 34% drop in its half-year net profit due to a rise in credit-related costs amid the COVID-19 pandemic. Net profit in April-September at Japan's largest lender by assets, which owns 24% of Wall Street bank Morgan Stanley , came in at 400.8 billion yen ($3.82 billion), compared to 607 billion yen a year earlier, according a stock exchange filing.
TOKYO: Mitsubishi UFJ Financial Group Inc (MUFG) reported on Friday a 34% drop in its half-year net profit due to a rise in credit-related costs amid the Covid-19 pandemic. But Japan's biggest bank, which owns 24% of Morgan Stanley, also nudged up its full-year forecast, signalling confidence about its cost-cutting during the pandemic.
Analysts at MUFG Bank, see a possible trade idea of shorting USD/RUB with an entry-level at 77.700, a target at 74.200 and a stop-loss at 79.900. "The RUB remains significantly undervalued leaving scope for further upside after recent gains. Risk sentiment towards emerging markets is improving more broadly following the US election results and Pfizer vaccine news.
BURLINGAME, Calif., Nov. 12, 2020 (GLOBE NEWSWIRE) -- AeroCentury Corp. (NYSE American: ACY) (the "Company"), an independent aircraft leasing company, released information relating to its indebtedness under its loan facility with MUFG Union Bank, N.A., as Agent. On October 30, 2020, Drake Asset Management Jersey Limited ("Drake"), purchased all of the indebtedness of AeroCentury Corp.
TOKYO (Reuters) - Japan's two biggest banks on Friday both reported first-half profits that tumbled by more than a third on a surge in costs from bad debts, highlighting the impact of the COVID-19 pandemic on the world's third-largest economy.
Japan's biggest banks surge past others in balance-sheet growth. While Chinese institutions retain the top four spots in Global Finance's 2020 ranking of the World's Biggest Banks, the pace of asset growth in 2020 was strongest in China's island neighbor to the east.
(November 2020) Worldwide Market Reports released the latest research report on Trade Finance Market provides insightful data on Market concerns Like Trade Finance Market Size, Leading Industry Share, CAGR Status, Global Demand, Trends, and Latest Business Opportunities and a holistic overview of the Industry Status as well as, market scope, structure, potential, fluctuations, and financial impacts.
(Bloomberg) -- Japan's biggest banks warned of a bleaker outlook for the next six months as the resurgent pandemic slams economies, even as they reported first-half profits that exceeded expectations. Mitsubishi UFJ Financial Group Inc. and Mizuho Financial Group Inc.
GENEVA, Nov. 13, 2020 /PRNewswire/ -- Gunvor Group Ltd ("Gunvor" or the "Group") has signed a USD 1.225 billion revolving credit facility ("RCF" or "Facility") in favour of Gunvor International B.V. and Gunvor SA. Initially launched at USD 1 billion, the Facility received strong support from Gunvor's banking partners and showed substantial over-subscription of 22.5%.
Adds deputy finance minister's comments, background MEXICO CITY, Nov 12 (Reuters) - Mexico's central bank kept its benchmark interest rate unchanged at 4.25% on Thursday, wrongfooting expectations as it held borrowing costs steady for the first time in nearly 1-1/2 years.
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell to a seven-month low last week, but the pace of decline has slowed and further improvement could be limited by a raging COVID-19 pandemic and lack of additional fiscal stimulus. The labor market slack is keeping inflation muted, with other data [...]
By Marco Aquino LIMA, Nov 12 (Reuters) - Peru's interim President Manuel Merino called for calm on Thursday amid protests that have escalated around the country since the abrupt ouster of former leader Martin Vizcarra.
Global Finance names this year's world's safest banks by country. Stress on the global banking system, due in large part to deteriorating economic conditions caused by the pandemic, is the catalyst for the year-over-year changes in the 2020 rankings of our Safest Banks by Country.
On Thursday, US Labour Department data for weekly jobless claims came forth as a breather for an excruciated US Labour market, as the number of Americans filing for state unemployment benefits dived to a seven-month low for the week that ended on November 7, though the rate of decline appeared to have scaled down substantially, suggesting a likely curb on further improvement amid a wintry chill coupled with a pandemic outbreak at large.
LOS ANGELES, Nov. 12, 2020 /PRNewswire/ -- Union Bank today announced that its operating parent company, MUFG Union Bank, N.A., has again received a rating of "Outstanding" in its most recent Community Reinvestment Act (CRA) Performance Evaluation, which covers the years 2015 to 2018.
MUFG Investor Services ("MUFG"), the global asset servicing arm of Mitsubishi UFJ Financial Group, today announced the creation of cNAV, a proprietary contingent net asset value solution for mutual funds. The technology, which runs independently of MUFG's core accounting system, ensures seamless continuity should an outage of the primary daily NAV production process occur.
The report published by Zeal Insider titled " Global and Regional Trade Finance Market- Share, Forecast Data, In-Depth Analysis, And Detailed Overview, and Forecast, 2013 - 2026 " provides a comprehensive overview of the market findings to analyze the impact of COVID-19.
President Trump often flirted with attempts to undermine the dollar, but MUFG considers that the new Administration will need to be much more careful in handling the US currency given that weaker fundamentals could lead to a global exodus from the US currency and jeopardise low yields.