Blog Posts by Simplus Information Services

  • TOKYO--(BUSINESS WIRE)--

    FORTUNA Tokyo, men’s luxury brand, announced that it will introduce Japanese fashion and craft brands for new customers in Hong Kong and China by building “The Cool Japan Consortium” with Japanese fashion and craft brands named “DRESSCAMP”, “Takaoka Lacquer Ware” and “OTO”. Their activities are partially subsidized by Ministry of Economy, Trade and Industry of Japan under the government’s policy for promoting Japanese traditional crafts to overseas markets called “Cool Japan Initiatives”.

    This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20150705005024/en/

    At first, the consortium will start test marketing activities from July 6, 2015 in Hong Kong. At the outset of marketing, two brands of the consortium, “FORTUNA Tokyo” and “Takaoka Lacquer Ware”, will take part in Hong Kong Fashion Week for Spring/Summer

    Read More »from "FORTUNA Tokyo", "DRESSCAMP", "Takaoka Lacquer Ware" and "OTO" Will Take Part in Hong Kong Fashion Week for Spring/Summer 2015
    Contact:
    FORTUNA Tokyo
    Yosuke Miwa, +81-3-5778-0387
    Marketing
    sales(at)fortunatokyo(dot)com
    Address: Premium Youzone Fl.5
    2-23-12, Higashi, Shibuya-ku, Tokyo, 150-0011, Japan
    Fax: +81-3-5778-6827
  • The Latest: Final tally in Greece bailout referendum counted

    The Latest: Final tally in Greece bailout referendum counted, resounding 'no' vote

    ATHENS, Greece (AP) -- The latest on the bailout referendum in Greece (all times local):

    ___

    3:35 a.m.

    The final results of Greece's bailout referendum are in, with all 19,159 precincts reporting. The "No" side won with a higher than expected 61.31 percent, while "Yes" got 38.69 percent.

    A total of 6.16 million Greeks voted in Sunday's referendum, or 62.5 percent of eligible voters. The poll needed a minimum 40 percent turnout to be valid.

    ___

    1:35 a.m.

    The president of the eurozone finance ministers' group, Jeroen Dijsselbloem, calls the outcome of Sunday's referendum "very regrettable for the future of Greece."

    The Dutch finance minister has over the past five months of negotiations resisted Greece's attempts to get easier terms for its bailout program. He says that "for the recovery of the Greek economy, difficult measures

    Read More »from The Latest: Final tally in Greece bailout referendum counted
  • Markets register dismay with Greek referendum results

    Markets register dismay, as investors fear fallout from Greek 'no' vote on creditors' demands

    TOKYO (AP) -- Greece's foray into the unknown with its rejection of terms set by its international creditors is jolting markets as investors react to looming uncertainties.

    Japan's Nikkei 225 stock index dropped 1.5 percent shortly after the market opened Monday, but was trading down 1.4 percent at 20,256.69 about a half-hour later. South Korea's Kospi declined 0.9 percent to 2,085.67.

    Elsewhere, Australia's ASX S&P 200 fell 1.4 percent to 5,462.60 shortly after trading began early Monday, while New Zealand's benchmark slipped 0.6 percent to 5,808.75. Shares were expected to take a hit across the region and beyond.

    With 97 percent of the votes counted, results showed 61 percent of Greek voters opted to reject the demand for further austerity measures, while 38 percent said "yes."

    A summit of euro zone leaders was due Tuesday to discuss next steps. While Greece's economy is relatively small, the

    Read More »from Markets register dismay with Greek referendum results
  • Investors brace for fallout from Greek vote

    Investors, governments brace for fallout from Greek 'no' vote on creditors demands

    TOKYO (AP) -- Greece's foray into the unknown with its rejection of terms set by its international creditors is jolting markets as investors reacted to looming uncertainties.

    Australia's ASX S&P 200 fell 1.4 percent to 5,462.60 shortly after trading began early Monday, while New Zealand's benchmark dropped 0.6 percent to 5,808.75. Markets across Asia were expected to likewise take a hit from the news.

    With 97 percent of the votes counted, results showed 61 percent of Greek voters opted to reject the demand for further austerity measures, while 38 percent said "yes."

    A summit of euro zone leaders was due Tuesday to discuss next steps. While Greece's economy is relatively small, the vote could result in it abandoning the euro if the country must issue its own currency to alleviate a cash crunch.

  • Europe on a 'collision' course

    Markets fell sharply in the wake of Sunday's Greek vote on the country's deal with its creditors, though experts said the fallout should be limited.

    "Greece is not Lehman," Christian Menegatti chief strategist at Windhaven Investment, said on CNBC. "The financial interconnection that Greece has with the rest of the world is nowhere near what Lehman was. The issue here is this is not just pricing in risk. This is pricing in uncertainty. We don't know what a Greek exit really means in the minds of investors. and investors are selling off across the board."

    S&P futures traded about 1 percent lower after opening more than 1.5 percent lower. Dow futures were set to open about 200 points lower.

    The euro weakened against major world currencies, trading just above $1.10 against the U.S. dollar.

    Dan Greenhaus, chief global strategist at BTIG, said investors shouldn't flock to the U.S. dollar on the basis of international news alone.

    "The argument in favor of the U.S....because it's

    Read More »from Europe on a 'collision' course
  • Greece enters uncharted territory after referendum 'no' vote

    Greece enters uncharted territory after decisive 'no' vote in key bailout referendum

    ATHENS, Greece (AP) -- Greece lurched into uncharted territory and an uncertain future in Europe's common currency Sunday after voters overwhelmingly rejected demands by international creditors for more austerity measures in exchange for a bailout of its bankrupt economy.

    Results showed 61 percent voted "no," compared with 38 percent for "yes," with 97 percent of the vote counted. The referendum — Greece's first in more than four decades — came amid severe restrictions on financial transactions in the country, imposed last week to stem a bank run that accelerated after the vote was called.

    Thousands of jubilant government supporters celebrated in Syntagma Square in front of Parliament, waving Greek flags and chanting "No, no, no!"

    It was a decisive victory for Prime Minister Alexis Tsipras, who had gambled the future of his 5-month-old coalition government — and his country — in an all-or-nothing game of

    Read More »from Greece enters uncharted territory after referendum 'no' vote
  • HONG KONG--(BUSINESS WIRE)--

    On June 26, 2015, Alpha Peak Leisure Inc. (AAP.V) announced the completion of its qualifying transaction via amalgamation and concurrent financing. As a result of the completed transaction, Alpha Peak’s shares resumed trading on July 2, 2015, and closed its first day of trading up 16.67%, with a market capitalization of CAD$135 million.

    Following the qualifying transaction, Alpha Peak becomes a member of the Chung Nam Group, led by Mr. Bob Chong, the brother-in-law of Mr. Li Ka Shing, Asia’s Richest Man according to the 2015 Forbes Billionaires List.

    Mr. Bob Chong, now Chairman of Alpha Peak, stated, "Today is a tremendous milestone for the Chung Nam Group and Alpha Peak. After more than 9 years of dedication and investment, we are finally ready to unveil our key asset, the Swallows’ Gully national scenic spot, within the public capital markets. I

    Read More »from Alpha Peak Set to Capture Explosive Growth in Chinese Domestic Tourism Market with Qualifying Transaction
    Contact:
    Alpha Peak Leisure Inc.
    Mr. Kenneth Poon
    HK: +852 64191916
    PRC: +86 28 851-3963 3812
    Kenneth.Poon@alphapeak.ca

  • London's junior market shrinks amid adviser shortage

    London's junior stock market shrank for the first time in two years in the first half of this year after a decline of nominated advisers and a lull in initial public offerings ahead of the UK general election in May.

    A total of 33 companies departed the exchange between January and June, the most departures since the first three months of 2012, according to accountants UHY Hacker Young. Twenty-nine more left Aim as of the end of June than had joined during the past 12 months, they added.

    Founded in 1995 as a hub for small companies and with tax advantages for investors, Aim has long been distinctive for its "Nomad" model, whereby a nominated stock market adviser is used to reduce the regulatory burden of issuing shares.

    If a company's Nomad resigns, its shares are suspended and it has a month to find a replacement before the listing is cancelled. Shares in 18 companies were delisted over the period because they lost their Nomads - corporate advisers who double up as

    Read More »from London's junior market shrinks amid adviser shortage
  • The biggest risks for Asia markets this week

    Asia's financial markets are bracing for a turbulent week as a flurry of central bank decisions and economic data on tap will likely add to the simmering uncertainty over Greece's future in the euro zone.

    Greece said 'No'

    In a crucial referendum held on Sunday, Greece voted decisively in favor of the 'No' option - indicating their support for Athens to turn down the latest bailout terms offered by foreign creditors and amplifying Greece's chances of exiting the euro zone.

    Following the results, Greek Prime Minister Alexis Tsipras on Monday called for "a strong national front" to negotiate a way out of the country's debt crisis.

    "We argue that a 'Grexit' is now the most likely scenario. Agreeing on a program with the current Greek government will be extremely difficult for euro zone leaders, given the Greek rejection of the last deal offered and it will be a difficult sell at home, especially at the Bundestag or in Spain ahead of the General Elections," Barclays analysts

    Read More »from The biggest risks for Asia markets this week
  • Holder: big penalties changed bank culture

    Eric Holder, the former US attorney-general who oversaw the biggest post-crisis financial investigations in history, said the culture of banks improved during his tenure, as he insisted that prosecutors had been right to level "record-setting penalties" against institutions rather than "trying to make examples of people."

    Mr Holder, who will return to private practice at the law firm Covington & Burling to advise on litigation and complex investigations, netted multiple multibillion-dollar settlements against a series of US and overseas banks. Among them were $16.65bn and $13bn settlements with Bank of America and JPMorgan Chase over mis-selling of mortgage securities and the global probe into Libor manipulation.

    He also oversaw the criminal probe into rigging of foreign exchange rates that led to four banks pleading guilty to criminal charges shortly after he stepped down.

    "People tend to undervalue what we did with the banks," he told the Financial Times. "Given the

    Read More »from Holder: big penalties changed bank culture

Blog Posts by Simplus Information Services

  • TOKYO--(BUSINESS WIRE)--

    FORTUNA Tokyo, men’s luxury brand, announced that it will introduce Japanese fashion and craft brands for new customers in Hong Kong and China by building “The Cool Japan Consortium” with Japanese fashion and craft brands named “DRESSCAMP”, “Takaoka Lacquer Ware” and “OTO”. Their activities are partially subsidized by Ministry of Economy, Trade and Industry of Japan under the government’s policy for promoting Japanese traditional crafts to overseas markets called “Cool Japan Initiatives”.

    This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20150705005024/en/

    At first, the consortium will start test marketing activities from July 6, 2015 in Hong Kong. At the outset of marketing, two brands of the consortium, “FORTUNA Tokyo” and “Takaoka Lacquer Ware”, will take part in Hong Kong Fashion Week for Spring/Summer

    Read More »from "FORTUNA Tokyo", "DRESSCAMP", "Takaoka Lacquer Ware" and "OTO" Will Take Part in Hong Kong Fashion Week for Spring/Summer 2015
    Contact:
    FORTUNA Tokyo
    Yosuke Miwa, +81-3-5778-0387
    Marketing
    sales(at)fortunatokyo(dot)com
    Address: Premium Youzone Fl.5
    2-23-12, Higashi, Shibuya-ku, Tokyo, 150-0011, Japan
    Fax: +81-3-5778-6827
  • The Latest: Final tally in Greece bailout referendum counted

    The Latest: Final tally in Greece bailout referendum counted, resounding 'no' vote

    ATHENS, Greece (AP) -- The latest on the bailout referendum in Greece (all times local):

    ___

    3:35 a.m.

    The final results of Greece's bailout referendum are in, with all 19,159 precincts reporting. The "No" side won with a higher than expected 61.31 percent, while "Yes" got 38.69 percent.

    A total of 6.16 million Greeks voted in Sunday's referendum, or 62.5 percent of eligible voters. The poll needed a minimum 40 percent turnout to be valid.

    ___

    1:35 a.m.

    The president of the eurozone finance ministers' group, Jeroen Dijsselbloem, calls the outcome of Sunday's referendum "very regrettable for the future of Greece."

    The Dutch finance minister has over the past five months of negotiations resisted Greece's attempts to get easier terms for its bailout program. He says that "for the recovery of the Greek economy, difficult measures

    Read More »from The Latest: Final tally in Greece bailout referendum counted
  • Markets register dismay with Greek referendum results

    Markets register dismay, as investors fear fallout from Greek 'no' vote on creditors' demands

    TOKYO (AP) -- Greece's foray into the unknown with its rejection of terms set by its international creditors is jolting markets as investors react to looming uncertainties.

    Japan's Nikkei 225 stock index dropped 1.5 percent shortly after the market opened Monday, but was trading down 1.4 percent at 20,256.69 about a half-hour later. South Korea's Kospi declined 0.9 percent to 2,085.67.

    Elsewhere, Australia's ASX S&P 200 fell 1.4 percent to 5,462.60 shortly after trading began early Monday, while New Zealand's benchmark slipped 0.6 percent to 5,808.75. Shares were expected to take a hit across the region and beyond.

    With 97 percent of the votes counted, results showed 61 percent of Greek voters opted to reject the demand for further austerity measures, while 38 percent said "yes."

    A summit of euro zone leaders was due Tuesday to discuss next steps. While Greece's economy is relatively small, the

    Read More »from Markets register dismay with Greek referendum results
  • Investors brace for fallout from Greek vote

    Investors, governments brace for fallout from Greek 'no' vote on creditors demands

    TOKYO (AP) -- Greece's foray into the unknown with its rejection of terms set by its international creditors is jolting markets as investors reacted to looming uncertainties.

    Australia's ASX S&P 200 fell 1.4 percent to 5,462.60 shortly after trading began early Monday, while New Zealand's benchmark dropped 0.6 percent to 5,808.75. Markets across Asia were expected to likewise take a hit from the news.

    With 97 percent of the votes counted, results showed 61 percent of Greek voters opted to reject the demand for further austerity measures, while 38 percent said "yes."

    A summit of euro zone leaders was due Tuesday to discuss next steps. While Greece's economy is relatively small, the vote could result in it abandoning the euro if the country must issue its own currency to alleviate a cash crunch.

  • Europe on a 'collision' course

    Markets fell sharply in the wake of Sunday's Greek vote on the country's deal with its creditors, though experts said the fallout should be limited.

    "Greece is not Lehman," Christian Menegatti chief strategist at Windhaven Investment, said on CNBC. "The financial interconnection that Greece has with the rest of the world is nowhere near what Lehman was. The issue here is this is not just pricing in risk. This is pricing in uncertainty. We don't know what a Greek exit really means in the minds of investors. and investors are selling off across the board."

    S&P futures traded about 1 percent lower after opening more than 1.5 percent lower. Dow futures were set to open about 200 points lower.

    The euro weakened against major world currencies, trading just above $1.10 against the U.S. dollar.

    Dan Greenhaus, chief global strategist at BTIG, said investors shouldn't flock to the U.S. dollar on the basis of international news alone.

    "The argument in favor of the U.S....because it's

    Read More »from Europe on a 'collision' course
  • Greece enters uncharted territory after referendum 'no' vote

    Greece enters uncharted territory after decisive 'no' vote in key bailout referendum

    ATHENS, Greece (AP) -- Greece lurched into uncharted territory and an uncertain future in Europe's common currency Sunday after voters overwhelmingly rejected demands by international creditors for more austerity measures in exchange for a bailout of its bankrupt economy.

    Results showed 61 percent voted "no," compared with 38 percent for "yes," with 97 percent of the vote counted. The referendum — Greece's first in more than four decades — came amid severe restrictions on financial transactions in the country, imposed last week to stem a bank run that accelerated after the vote was called.

    Thousands of jubilant government supporters celebrated in Syntagma Square in front of Parliament, waving Greek flags and chanting "No, no, no!"

    It was a decisive victory for Prime Minister Alexis Tsipras, who had gambled the future of his 5-month-old coalition government — and his country — in an all-or-nothing game of

    Read More »from Greece enters uncharted territory after referendum 'no' vote
  • HONG KONG--(BUSINESS WIRE)--

    On June 26, 2015, Alpha Peak Leisure Inc. (AAP.V) announced the completion of its qualifying transaction via amalgamation and concurrent financing. As a result of the completed transaction, Alpha Peak’s shares resumed trading on July 2, 2015, and closed its first day of trading up 16.67%, with a market capitalization of CAD$135 million.

    Following the qualifying transaction, Alpha Peak becomes a member of the Chung Nam Group, led by Mr. Bob Chong, the brother-in-law of Mr. Li Ka Shing, Asia’s Richest Man according to the 2015 Forbes Billionaires List.

    Mr. Bob Chong, now Chairman of Alpha Peak, stated, "Today is a tremendous milestone for the Chung Nam Group and Alpha Peak. After more than 9 years of dedication and investment, we are finally ready to unveil our key asset, the Swallows’ Gully national scenic spot, within the public capital markets. I

    Read More »from Alpha Peak Set to Capture Explosive Growth in Chinese Domestic Tourism Market with Qualifying Transaction
    Contact:
    Alpha Peak Leisure Inc.
    Mr. Kenneth Poon
    HK: +852 64191916
    PRC: +86 28 851-3963 3812
    Kenneth.Poon@alphapeak.ca

  • London's junior market shrinks amid adviser shortage

    London's junior stock market shrank for the first time in two years in the first half of this year after a decline of nominated advisers and a lull in initial public offerings ahead of the UK general election in May.

    A total of 33 companies departed the exchange between January and June, the most departures since the first three months of 2012, according to accountants UHY Hacker Young. Twenty-nine more left Aim as of the end of June than had joined during the past 12 months, they added.

    Founded in 1995 as a hub for small companies and with tax advantages for investors, Aim has long been distinctive for its "Nomad" model, whereby a nominated stock market adviser is used to reduce the regulatory burden of issuing shares.

    If a company's Nomad resigns, its shares are suspended and it has a month to find a replacement before the listing is cancelled. Shares in 18 companies were delisted over the period because they lost their Nomads - corporate advisers who double up as

    Read More »from London's junior market shrinks amid adviser shortage
  • The biggest risks for Asia markets this week

    Asia's financial markets are bracing for a turbulent week as a flurry of central bank decisions and economic data on tap will likely add to the simmering uncertainty over Greece's future in the euro zone.

    Greece said 'No'

    In a crucial referendum held on Sunday, Greece voted decisively in favor of the 'No' option - indicating their support for Athens to turn down the latest bailout terms offered by foreign creditors and amplifying Greece's chances of exiting the euro zone.

    Following the results, Greek Prime Minister Alexis Tsipras on Monday called for "a strong national front" to negotiate a way out of the country's debt crisis.

    "We argue that a 'Grexit' is now the most likely scenario. Agreeing on a program with the current Greek government will be extremely difficult for euro zone leaders, given the Greek rejection of the last deal offered and it will be a difficult sell at home, especially at the Bundestag or in Spain ahead of the General Elections," Barclays analysts

    Read More »from The biggest risks for Asia markets this week
  • Holder: big penalties changed bank culture

    Eric Holder, the former US attorney-general who oversaw the biggest post-crisis financial investigations in history, said the culture of banks improved during his tenure, as he insisted that prosecutors had been right to level "record-setting penalties" against institutions rather than "trying to make examples of people."

    Mr Holder, who will return to private practice at the law firm Covington & Burling to advise on litigation and complex investigations, netted multiple multibillion-dollar settlements against a series of US and overseas banks. Among them were $16.65bn and $13bn settlements with Bank of America and JPMorgan Chase over mis-selling of mortgage securities and the global probe into Libor manipulation.

    He also oversaw the criminal probe into rigging of foreign exchange rates that led to four banks pleading guilty to criminal charges shortly after he stepped down.

    "People tend to undervalue what we did with the banks," he told the Financial Times. "Given the

    Read More »from Holder: big penalties changed bank culture

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