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Sumitomo Mitsui Financial Group reported a jump in fourth-quarter profit on Wednesday, beating expectations as it saw robust business overseas and solid demand at home, and it forecast higher...
U.S. hedge fund Elliott Management Corp has bought a stake in Sumitomo Corp worth several tens of billions of yen, a person familiar with the situation said on Tuesday. The purchase...
By Anton Bridge TOKYO (Reuters) - U.S. hedge fund Elliott Management Corp has bought a stake in Sumitomo Corp worth several tens of billions of yen, a person familiar with the situation said on Tuesday. The purchase follows Warren Buffett's closely...
Nomura Holdings, Japan's biggest brokerage and investment bank, reported on Friday a 670% jump in quarterly net profit compared to a year earlier as its retail income rose to its highest in eight...
TOKYO (Reuters) -Nomura Holdings, Japan's biggest brokerage and investment bank, reported on Friday a 670% jump in quarterly net profit compared to a year earlier as its retail and investment banking income rose to their highest levels in eight years. January-March net profit was 56.8 billion yen ($363.87 million) compared to 7.3 billion yen a year earlier when worries about a global banking crisis engulfed global markets and hit Nomura's investment banking business. The results show Nomura's continued recovery after it was forced to slash its profit targets last May after mar...