Aioi Insurance to sell British unit to Shinsei Bank
December 30, 2005Aioi Insurance Co said Friday it will sell its British reinsurance unit to a joint venture set up by Shinsei Bank and Castlewood Holdings Ltd. for about 12.4 billion yen. The deal is expected to be completed in the April-June period of 2006, it sa...
Moody's gives A1 debt, other ratings to Bank of Tokyo-Mitsubishi UFJ
December 30, 2005Moody's Investors Service said Friday it has assigned a series of ratings, including a senior unsecured debt rating of A1, to the Bank of Tokyo-Mitsubishi UFJ before its launch Jan 1. Other ratings assigned to the bank include the long-term and sh...
Stocks dip on year's last trading day
December 30, 2005Tokyo stocks ended the year's final session lower Friday as investors locked in profits on a broad range of issues amid caution over the recent fast pace of rises. The 225-issue Nikkei Stock Average dropped 232.77 points, or 1.42%, to close the ha...