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The big rewards of M&A during a downturn
Takeovers carried out in bad financial times have a higher chance of creating shareholder value than in a seemingly more favourable economic environment, according to new research
MUFG expects year of virtually no growth
Japan’s largest banking group Mitsubishi UFJ Financial Group unveiled higher-than-expected net profits for the year just ended, but said it expected virtually no growth this year
Severstal in $668m bid to snap up Esmark
Russian steelmaker hopes its offer will be more acceptable to Esmark board and shareholders than accepted bid of the same value from Indian rival Essar
Tokyo Stock Exchange to draft fresh takeover guidelines
The Tokyo Stock Exchange is to draw up corporate takeover defence guidelines that could make it harder for listed companies in Japan to thwart unsolicited bids
Macquarie warns on year of challenge
The Australian investment bank said challenging credit markets would make it difficult to lift earnings this financial year after it reported an annual profit of A$1.8bn
Japan investors look abroad for wind of change
It took trade officials from outside Japan to open up the country’s market to California oranges, Australian beef and American cherries
Incoming chief outlines vision for bank
In just over 48 hours, Nicholas Moore will be living the dream of his adult life when he takes up the role of chief executive of Macquarie Group, the Australian investment bank best known on the world stage as a pioneer in the management of infrastructure assets
Subprime losses weigh on MUFJ profits
Japan’s largest bank posted a 71% rise in fourth-quarter profit at its consumer credit unit, but said losses related to subprime investments totalled more than Y120bn
Subprime losses weigh on MUFJ profits
Japan’s largest bank forecast no growth this year after taking a hit from the US subprime crisis and its own consumer finance business after tighter government regulations
Intel invests in WiMax roll-out in Malaysia
The world’s biggest chipmaker will be part of the first commercial roll-out of WiMax broadband in south-east Asia when Malaysia’s Green Packet launches services next month
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