Sumitomo Mitsui Financial Group Inc

Sumitomo Mitsui Financial Group Inc

8316.T - TOKYO STOCK EXCHANGE-TOKYO PRO MARKET

Industry: Banking

Market Cap: 13982.9 B

IPO Date: Dec 1, 2002

Country: JP

Currency: JPY

Shares Outstanding: 3.9 B

Asian Equities Traded in the US as ADRs Rise in Thursday Trading

6/26/2025

Asian equities traded in the US as American depositary receipts rose Thursday morning with the S&P A

News

Source: Yahoo

Most Hawkish BOJ Member Flags Rate Hike Risk as Inflation Gains

6/25/2025

(Bloomberg) -- The Bank of Japan’s most hawkish member said it may be necessary to raise interest rates should inflation risks rise even if economic uncertainty lingers.Most Read from BloombergBezos Wedding Draws Protests, Soul-Searching Over Tourism in VeniceUS Renters Face Storm of Rising CostsUS State Budget Wounds Intensify From Trump, DOGE Policy ShiftsCommuters Are Caught in Johannesburg's Taxi Feuds as Transit Lags“When the likelihood of achieving the price stability target increases, or

News

Source: Yahoo

Japanese Equities Rise as Israel-Iran Ceasefire Boosts Sentiment

6/24/2025

(Bloomberg) -- Japanese equities snapped a three-day losing streak after US President Donald Trump announced a tentative ceasefire between Iran and Israel that soothed market sentiment. Most Read from BloombergBezos Wedding Draws Protests, Soul-Searching Over Tourism in VeniceUS State Budget Wounds Intensify From Trump, DOGE Policy ShiftsCommuters Risk Lives in Johannesburg With Taxi Groups at WarTopix Index rose 0.7% to 2,781.35 as of 3:30 p.m. Tokyo timeNikkei advanced 1.1% to 38,790.56SoftBan

News

Source: Yahoo

Investors set to flock to safety as world awaits Iran’s response

6/22/2025

(Bloomberg) -- Traders are forecasting a drop in stocks, a jump in crude prices and possibly a strengthening of the dollar as investors head for safety in the wake of the US attack on Iran’s three main nuclear sites.Most Read from BloombergBezos Wedding Draws Protests, Soul-Searching Over Tourism in VeniceOne Architect’s Quest to Save Mumbai’s Heritage From DisappearingJFK AirTrain Cuts Fares 50% This Summer to Lure Riders Off RoadsNYC Congestion Toll Cuts Manhattan Gridlock by 25%, RPA ReportsC

News

Source: Yahoo

Japan Flags Big Cut to Long-End Bond Issuance Before Auction

6/23/2025

(Bloomberg) -- Japan’s larger-than-expected cut to super-long bond issuance has potential to ease some upward pressure on yields just before an auction this week that risks reigniting turmoil in the debt market.Most Read from BloombergBezos Wedding Draws Protests, Soul-Searching Over Tourism in VeniceOne Architect’s Quest to Save Mumbai’s Heritage From DisappearingNYC Congestion Toll Cuts Manhattan Gridlock by 25%, RPA ReportsThe move by the finance ministry may also prove fortuitous in light of

News

Source: Yahoo

Nippon Steel Says It Could Issue Equity to Fund US Takeover

6/19/2025

(Bloomberg) -- Nippon Steel Corp. will consider a capital increase to fund its long-awaited $14.1 billion purchase of United States Steel Corp. and associated investment promises, the company’s vice chairman said on Thursday.Most Read from BloombergSecurity Concerns Hit Some of the World’s ‘Most Livable Cities’JFK AirTrain Cuts Fares 50% This Summer to Lure Riders Off RoadsTaser-Maker Axon Triggers a NIMBY Backlash in its HometownHow E-Scooters Conquered (Most of) EuropeNYC Congestion Toll Cuts

News

Source: Yahoo

Sumitomo Mitsui Financial Group and SBI launch wealth management JV

6/16/2025

A preparatory company is expected to be established by July 2025, subject to regulatory approval, with operations beginning in spring 2026.

News

Source: Yahoo

Japanese Megabanks Focus On India In Hunt For Higher Returns

6/10/2025

Investment in India's financial sector, especially private sector banks, is not easy due to strict foreign ownership rules.

News

Source: SeekingAlpha

Japanese Bonds Rise as 30-Year Auction Brings Some Relief

6/5/2025

(Bloomberg) -- Japanese government bonds rose after an auction of 30-year debt wasn’t as bad as many investors had feared.Most Read from BloombergICE Moves to DNA-Test Families Targeted for Deportation with New ContractThe Global Struggle to Build Safer CarsNYC Residents Want Safer Streets, Cheaper Housing, Survey SaysThe Buffalo Architect Fighting for Women in DesignWhile immediate market reaction indicated relief — yields edged lower after the sale — the bid-to-cover ratio of 2.92 at Thursday’

News

Source: Yahoo

Toyota Industries Board to Discuss $42 Billion Buyout on Tuesday

6/3/2025

(Bloomberg) -- Toyota Industries Corp. said its board will evaluate a buyout proposal Tuesday that will take the company private, a move that will strengthen the founding family’s grip over Japan’s biggest business empire.Most Read from BloombergWhere the Wild Children’s Museums AreBillionaire Steve Cohen Wants NY to Expand Taxpayer-Backed FerryThe Economic Benefits of Paying Workers to MoveNow With Colorful Blocks, Tirana’s Pyramid Represents a Changing AlbaniaAt London’s New Design Museum, Vis

News

Source: Yahoo

Japan’s Bonds Pass 10-Year Supply Test as 30-Year Sale Looms

6/3/2025

(Bloomberg) -- Stronger demand at Japan’s 10-year bond sale brought some temporary relief as traders position for another auction in less than 48 hours that will test appetite for longer-dated debt.Most Read from BloombergWhere the Wild Children’s Museums AreBillionaire Steve Cohen Wants NY to Expand Taxpayer-Backed FerryThe Economic Benefits of Paying Workers to MoveAt London’s New Design Museum, Visitors Get Hands-On AccessLA City Council Passes Budget That Trims Police, Fire SpendingGovernmen

News

Source: Yahoo

WiseTech Buys E2Open for $2.1 Billion in Its Biggest Deal

5/26/2025

(Bloomberg) -- Australian shipping software company WiseTech Global Ltd. made its biggest ever acquisition, agreeing to buy E2open Parent Holdings Inc. in a deal that values the US firm at $2.1 billion. Most Read from BloombergNY Private School Pleads for Donors to Stay Open After Declaring BankruptcyUAE’s AI University Aims to Become Stanford of the GulfNYC’s War on Trash Gets a Glam SquadPacific Coast Highway to Reopen Near Malibu After January FiresThe acquisition is the first major move by f

News

Source: Yahoo

3 Reasons Why Japan's Record Bond Yield Spike Matters

5/20/2025

Japan's bond yield surge hints at global market risks. See how it impacts U.S. Treasuries, the yen, and top investments like Toyota and Sony.

News

Source: SeekingAlpha

Japan Bonds Plunge as Weak Auction Adds to Fear Over BOJ Retreat

5/20/2025

(Bloomberg) -- A slump in Japanese bonds worsened Tuesday after the weakest demand at a government debt auction in more than a decade highlighted worries over the central bank’s retreat from the market. Most Read from BloombergAmerica, ‘Nation of Porches’NJ Transit Train Engineers Strike, Disrupting Travel to NYCNJ Transit Makes Deal With Engineers, Ending Three-Day StrikeThe rout drove up the 20-year yield by about 15 basis points to the highest since 2000, while the yield on 30-year bonds clim

News

Source: Yahoo

US Loses Last Top Credit Rating With Downgrade From Moody’s

5/17/2025

(Bloomberg) -- Most Read from BloombergAs Coastline Erodes, One California City Considers ‘Retreat Now’How a Highway Became San Francisco’s Newest ParkMaryland’s Credit Rating Gets Downgraded as Governor Blames Trump NJ Transit Train Engineers Strike, Disrupting Travel to NYCPower-Hungry Data Centers Are Warming Homes in the NordicsThe US was stripped of its last top credit rating by Moody’s Ratings, reflecting deepening concern that ballooning debt and deficits will damage America’s standing as

News

Source: Yahoo

India's Yes Bank expects Japan's SMBC to maintain at least 20% stake, CEO says (May 15)

5/15/2025

India's Yes Bank expects Japan's Sumitomo Mitsui Banking Corp (SMBC) to maintain at least 20% stake in the lender but said that regulatory requirements may be keeping it from raising shareholding significantly beyond that, the bank's chief executive said. SMBC on Friday said it had signed a definitive agreement to take a 20% stake in Mumbai-based Yes Bank, a deal that marks the largest cross-border merger and acquisition deal in India's financial sector. SMBC, is a unit of Sumitomo Mitsui Financial Group and is Japan's second-biggest bank.

News

Source: Yahoo