US Investment Corp

May 19, 2023

ECB Steps Up Scrutiny of Bank Liquidity, May Raise Requirements Yuan Losses Accelerate, Testing Central Bank’s Tolerance Levels This Week in China: Nothing Is Good Enough for Impatient Market China Tech Stocks in Grip of Slowdown Fears Lag Global Peers Oil Set for Best Week Since Mid-April on US Debt-Deal Optimism Alibaba to Exit Cloud Business After Beijing Undercuts Potential SMFG Plans Shift to US Investment Banking After Jefferies Deal Asian Stocks Set for Mixed Open After US Rally: Markets Wrap RBI Dividends to Modi’s Government May Double, Aiding Fiscal Gap UBS Hires Former Credit Suisse Australia Syndicate Head Usasz Italy Bond Market Calm to Face Stress Test as Rating Risks Junk Man Group’s Trailblazing CEO Aims to Keep Hedge Fund’s Momentum Fujitsu General’s $1.1 Billion Stake Sale Said to Have Stalled Adani Stocks Lose $10 Billion in Value as MSCI Exclusion Weighs China Ramps Up Safety Checks on Old Ships as Dark Fleet Grows Xi Says China Ready to Help Central Asia Boost Defense, Security Thai Coalition Talks Spook Markets Amid Split Over Law on Royals The Greek Economy Is Roaring Back, But Voters Are Counting the Cost Japan’s Cheapest LNG in Two Years May Help Ease Inflation How to be the model driver, and get a break on car insurance Pattie Lovett-Reid: Protecting yourself financially from the risks of dementia Fixed income investors can breathe easier as inflation recedes: Dale Jackson Summer on a shoestring budget: Tips for surviving summer break as camp costs rise Why re-investing your tax refund is the smart option Owe money to the CRA this tax season? Here are some repayment options PSAC: Will Canada's tax deadline be moved due to the strike? How claiming income from side gigs can lower your tax bill Paper filing is dying but free income tax software lives on: Dale Jackson Tax deadline: Strike not a major issue for most Canadians, expert says 'Give yourself time and space': How to manage your finances during times of grief Experts explain how to cope with money stress Experts share effective ways to tackle student debt As thousands flock to day trading during lockdown, experts urge caution Dual income, no kids: Why some young Canadians are choosing this lifestyle 'Ask a lot of questions' before deciding what to do with your tax refund: experts As Canadians miss out on benefits, Ottawa promises automatic tax filing is on the way Here's a list February inflation rates for Canadian provinces Is your retirement portfolio ready for what's to come? Singapore’s Rent Growth Expected to Slow to 5% on New Homes Germany Pushes to Expand Startup Incentives By End of Year New Zealand Treasury Now Sees House Prices Declining Into 2024 Disney Drops Plan to Move 2,000 Workers to Florida Amid Fight Chinese Buyers Return to Resurgent Australian Property Market Traders Who Bet Against WeWork Reaped $440 Million in Gains This Past Year The Fed Hiked Rates Rapidly, But Housing Is as Broken as Ever US Existing-Home Sales Fall to Three-Month Low, While Prices Retreat Sam Zell, Billionaire Real Estate Investor, Dies at 81 Mortgage Rates in US Resume Climb After Falling for Two Weeks What’s Trending Today: Heat Wins Game 1, Disney Bans Visitors After Fight, Athletic Wear Chemicals NYC Skyscrapers Sit Vacant, Exposing Risk City Never Predicted Another 1,000 Buy-to Let Mortgages Slip Into Arrears in the UK Fed Poised for Big Upgrade to Outlook Despite Swirling Risks The Era of Huge UK House Price Rises Is Ending, Economist Says Uganda’s Anti-LGBTQ Bill Threatens Tourism as Well as Lives Top Abu Dhabi Wealth Fund Taps Manulife Exec for US Real Estate Vienna Becomes Epicenter of Europe’s Housing Woes Commercial Real Estate Prices in the US Fall for First Time Since 2011 ECB Steps Up Scrutiny of Bank Liquidity, May Raise Requirements Singapore Says No to Angolan Tycoon’s Bid for Funds Held in Private Bank Yuan Losses Accelerate, Testing Central Bank’s Tolerance Levels This Week in China: Nothing Is Good Enough for Impatient Market Alibaba to Exit Cloud Business After Beijing Undercuts Potential SMFG Plans Shift to US Investment Banking After Jefferies Deal Asian Stocks Set for Mixed Open After US Rally: Markets Wrap RBI Dividends to Modi’s Government May Double, Aiding Fiscal Gap UBS Hires Former Credit Suisse Australia Syndicate Head Usasz Saudi Arabia Welcomes Assad in Diplomatic Win for Syrian Leader South Korea Concerned a Republican Win May Lower IRA Tax Credits G-7 Latest: Leaders to Visit Hiroshima Nuclear Ground Zero Site Italy Bond Market Calm to Face Stress Test as Rating Risks Junk Man Group’s Trailblazing CEO Aims to Keep Hedge Fund’s Momentum Hong Kong Budgets HK$5 Billion Extra for National Security Fund Fujitsu General’s $1.1 Billion Stake Sale Said to Have Stalled Adani Stocks Lose $10 Billion in Value as MSCI Exclusion Weighs Apple, Samsung Looking to Expand in India, Minister Says HK Recruits Firms From HSBC to Visa to Test Digital Currency Asian Stocks Set for Mixed Open After US Rally: Markets Wrap South Korea Concerned a Republican Win May Lower IRA Tax Credits China Ramps Up Safety Checks on Old Ships as Dark Fleet Grows Xi Says China Ready to Help Central Asia Boost Defense, Security Japan’s Cheapest LNG in Two Years May Help Ease Inflation Malaysia Expects Dry Weather to Be Worse Than in Recent Years South Korean Experts to Visit Japan Nuclear Plant Amid Dispute US-Led Pacific Trade Talks Close to Reaching Supply Chains Pact Seed Giant Syngenta Moving Forward With Shanghai IPO, Sources Say El Niños Cause Trillions in Lost Economic Growth, Study Shows UK Hydrogen Funding Model to Add 10% to UK Bills, Study Shows G-7 to Chase Russia’s Diamonds While Stopping Short of Total Ban Netflix, Amazon Addiction Turns Into ‘Digital Deficit’ for Japan and Hassle for the Yen Japan Inflation Quickens Again, Putting Pressure on BOJ View PG&E Must Pay $150 Million for Role in Deadly 2020 Fire TikTok Montana Ban Sows Chaos for Creators Who Vow to Quit Shale-Oil Drillers Are Running Out of Places to Dump Toxic Wastewater Billionaire Len Blavatnik Unloads Last Major Russia Asset With Rusal Sale Global Carbon Market in Turmoil After Zimbabwe Grabs Offset Money Bank of Canada sees financial stress rising among homebuyers ​Canada's housing market is taking the brunt of rate hikes: Expert Bank of Canada governor holds news conference on Financial System Review The Daily Chase: BoC to release Financial System Review; WestJet prepares for possible strike TSX recap: Index posts small gain on energy stock strength TSX recap: Index finishes 1.45% lower amid losses in energy, financial stocks Demand grows in Canada for short-term fixed-rate mortgages The Daily Chase: Markets point to positive open; Target signals slowdown ahead Passenger rights overhaul draws criticism from both sides — airlines and advocates Citi's Clark says inflation cements her outlier call for June rate hike in Canada Growing number of Canadians rely on credit cards to pay for essentials: Survey David Rosenberg: The odds of an interest rate hike have tilted Bank of Canada and inflation: What the latest data could mean for interest rates Inflation climbs to 4.4% in April, beating expectations Canadian grocery costs rose 9.1% in April, a slight decline from March The Daily Chase: Inflation climbs 4.4% in April; WestJet prepares for possible strike New beverage fee rollout delayed, but retail group says producers should absorb fee Union says WestJet pilots issue 72-hour strike notice, and plan job action Friday TSX recap: Index closes up on energy, metals G-7 Latest: Leaders to Visit Hiroshima Nuclear Ground Zero Site Italy Bond Market Calm to Face Stress Test as Rating Risks Junk How Thailand’s Election Winner Used TikTok to Eke Rare Progressive Triumph Montana TikTok Ban Challenged in Court by Creators, Viewers Xi Says China Ready to Help Central Asia Boost Defense, Security Thai Coalition Talks Spook Markets Amid Split Over Law on Royals The Greek Economy Is Roaring Back, But Voters Are Counting the Cost South Korean Experts to Visit Japan Nuclear Plant Amid Dispute Duterte’s Daughter Quits Party, Decries ‘Political Powerplay’ South Africa’s Ties With US ‘Uninterrupted’ by Diplomatic Row Ecuador Constitutional Court Clears Lasso’s Closing of Congress Germany Pushes to Expand Startup Incentives By End of Year Singapore’s World-Class Gastro Cred Imperiled by Staffing Woes TikTok Montana Ban Sows Chaos for Creators Who Vow to Quit Shale-Oil Drillers Are Running Out of Places to Dump Toxic Wastewater Disney Drops Plan to Move 2,000 Workers to Florida Amid Fight New York Bills That Cap Key EM Debt Payouts Rile Pimco, Fidelity Ecuador’s President Dissolved Congress to Avoid Impeachment. Here’s What That Means The Supreme Court Just Handed Google and Twitter a New Line of Defense Alibaba to Exit Cloud Business After Beijing Undercuts Potential Asian Stocks Set for Mixed Open After US Rally: Markets Wrap South Korea Concerned a Republican Win May Lower IRA Tax Credits G-7 Latest: Leaders to Visit Hiroshima Nuclear Ground Zero Site Man Group’s Trailblazing CEO Aims to Keep Hedge Fund’s Momentum Fujitsu General’s $1.1 Billion Stake Sale Said to Have Stalled Apple, Samsung Looking to Expand in India, Minister Says HK Recruits Firms From HSBC to Visa to Test Digital Currency How Thailand’s Election Winner Used TikTok to Eke Rare Progressive Triumph Montana TikTok Ban Challenged in Court by Creators, Viewers Crypto Firm Seeks Funds at $1 Billion-Plus Value as HK Opens Up Musk’s Lawyer Sends Letter to Microsoft on Twitter Data Misuse College Athlete Social Media Rules Violated Law, NLRB Claims Micron-Japan Deal Counters China ‘Coercion,’ Rahm Emanuel Says Indonesia Names Acting Tech Minister as Incumbent Detained Bob Lee’s Alleged Killer Is Denied Release on Bail China Tech Giants Face Final Earnings Check After Upbeat Results Signal Revival Netflix, Amazon Addiction Turns Into ‘Digital Deficit’ for Japan and Hassle for the Yen Germany Pushes to Expand Startup Incentives By End of Year The U.S. Fed is failing in four ways: Mohamed A. El-Erian Apple, JPMorgan turn to pay now grow later Remote Working Boom Is Huge for College Towns Like Knoxville Walmart flashes a warning sign to the entire consumer economy: Andrea Felsted Millennials are finally spending like grown-ups Dismal U.S. GDP report raises the odds of recession this year: Gary Shilling Musk is wrong for Twitter even if deal math works out Chocolate bunnies can teach us to save our food supply The Fed has made a U.S. recession inevitable America's oil reserve weapon risks misfiring Four-day workweeks can burn you out U.S. Fed expects a soft landing. Don't count on it Markets are pushing Fed into developing-economy territory Commodity traders go from bonanza to bailout plea Putin's war shows West must clean up dirty money Salary transparency is good for everyone Microsoft's US$69B Activision deal could be a blunder What if the oil market bulls are wrong and this lonely bear is right? Canada's trucker protest may spread from Ottawa to U.S. A Bitcoin-Spot ETF Is Unlikely in US in the Near Future, VanEck CEO Says Debt-Ceiling Tail Hedges Are `Cheap Lottery Tickets,' Bank of America Says The Patent That Helped Vanguard Clients Pocket Big Gains Expires Stan Druckenmiller, David Tepper Lead Family Offices Betting on AI Regional Banks May Emerge as a Winner in Debt Showdown, State Street Says Dip Buyers Scorched by Cratering Bank Stocks Rush for the Exits Stock Traders Are Nonchalant About US Being on Cusp of Default New York Cements Itself as the Gold Mining Capital of the World Crypto ETFs Are Year’s Best Performers But Only Lure $12 Million Turkish Banks Set for Best Week in 21 Years Before Sunday’s Vote Single-Stock ETFs Get Vote of Confidence in Huge 32-Fund Filing The Number of Climate Funds Out There Has Exploded Vanguard’s Trillion-Dollar Man Controls as Much US Debt as China ECB Criticizes Bank Industry for Still Being a ‘Man’s World’ Bill Gross Advises Buying T-Bills to Bet Debt-Ceiling Issues Will Be Resolved ETF Issuers Are Losing Tolerance for ESG as Closures Surge Fast-Money Quants, Human Traders Most Split on Stocks Since 2019 Preferreds Get Burned in Historic Rout Spreading From Banks Wild Week in Banks Sends Indexes of Cross-Asset Tumult Spinning BCE You are now being redirected to the BCE.ca website (Bell Canada Enterprises), where you can view our Accessibility plan, and submit your feedback using our Accessibility webform. Taiga Uranaka, Bloomberg News The logo of SMBC Nikko Securities Inc., a unit of Sumitomo Mitsui Financial Group Inc. (SMFG), outside its head office in Tokyo, Japan, on Monday, April 24, 2023. Financial services companies in Japan will report its fourth quarter earnings figures this week. Photographer: Kiyoshi Ota/Bloomberg , Bloomberg (Bloomberg) -- Sumitomo Mitsui Financial Group Inc. is seeking to become more of a dealmaker in the US, after a big bet it’s taking in Wall Street firm Jefferies Financial Group Inc. “In the US, we have been mainly operating commercial banking businesses centered around loans,” said Fumihiko Ito, who is the bank’s chief financial and strategy officer, at a media briefing. “We will shift to investment banking business such as stock and bond underwriting and M&A advisory, fee-earning businesses.” Ito was speaking after Japan’s second-biggest lender predicted it will post its highest profit in 10 years, driven by growth in its domestic retail and wholesale business. SMFG last month announced it intends to triple its stake in Jefferies to boost US capital markets and M&A advisory businesses. Ito also said the firm is seeking global acquisition opportunities in asset management, and isn’t interested in buying the branch networks of US regional banks. Like rival Japanese banks, the US business is one of the growth drivers for SMFG. Chief Executive Officer Jun Ohta has been saying the gap with competitors became very obvious when it failed to benefit from a capital markets boom during the pandemic years. Smaller rival Mizuho Financial Group Inc. this week dismissed teaming up with a US bank to expand in the world’s biggest economy, saying the firm should instead build up capabilities on its own. ©2023 Bloomberg L.P.