See the full story in the original article.
Read the original on Bank of Japan ↗
Related news
- India’s IDBI Bank falls 7% as government announces $5.5 billion stake sale to Canada's Fairfax
Shares of IDBI Bank fell more than 7% on Thursday after India's government announced it would sell a 60.7% stake in the state-owned lender to Canada's Fairfax Financial Holdings for over 529 billion rupees ($5.5 billion). Once final approvals are obtained, the Ministry of Finance said the deal will be the largest foreign direct investment in India's financial sector. Fairfax's winning bid of 81 rupees per share was above the government's average fair value of 75.99 rupees, but below IDBI's closing price of 90.39 rupees on Wednesday. Fairfax must pass a 'fit and proper' assessment by the Reserve Bank of India. Finance Minister Nirmala Sitharaman said the government will keep a minority stake, and the sale follows other share sales this year, including a $3.3 billion sale of a 6.5% stake in LIC in August.
- Bank of America adds a profit miss to the misery of a $1.2 billion government fine
- Bank of Japan Accounts (October 10)
The Bank of Japan's balance sheet as of October 10 shows total assets of 624,632,707,190 thousand yen. Japanese government bonds account for 503,634,998,862 thousand yen and loans for 68,415,800,000 thousand yen. On the liability side, current deposits total 408,161,721,227 thousand yen and banknotes 114,033,833,895 thousand yen, while legal and special reserves stand at 3,872,243,310 thousand yen. Outstanding loans under the Bank's Loan Support Program total 35,664,500,000 thousand yen.
- Bank of Japan Accounts (October 10)
The Bank of Japan's accounts as of October 10 show total assets equal to total liabilities and net assets, at 624,632,707,190 thousand yen. Among assets, Japanese government bonds total 503,634,998,862 thousand yen, loans 68,415,800,000 thousand yen, and foreign currency assets 12,031,877,130 thousand yen. On the liabilities side, banknotes stand at 114,033,833,895 thousand yen and current deposits at 408,161,721,227 thousand yen. Legal and special reserves total 3,872,243,310 thousand yen, and capital is 100,000 thousand yen. Outstanding amounts under the Loan Support Program, including the Fund-Provisioning Measure to Stimulate Bank Lending, total 35,664,500,000 thousand yen.
- Central Bank of Iceland takes control of krona denominated bonds | IceNews
Related markets
Latest news
- Iran warns US and Israel
Iran's Armed Forces Chief of Staff, Major General Ali Abdollahi, warned on October 18 that the US and Israel would face a far harsher response if they continue actions Tehran considers provocative. He said Tehran is awaiting their next moves and that Iran's armed forces remain ready for any scenario. Tehran accuses Washington and Tel Aviv of trying to weaken its government, and tensions have risen since earlier conflicts, including a 12-day war. Iran says it will not back down under external pressure.
- Is TC Energy (TRP) a Good or Bad Investment at Today's Multiple?
TC Energy trades at 21.19 times next year's expected earnings, closing at $61.74 on October 16 after a 1.5% return over 6 months, versus 10.5% for the Insider Monkey Billionaire Index and 9.3% for the State Street SPDR S&P 500 ETF Trust. The company operates natural gas transmission pipelines across Canada, the United States and Mexico, plus power generation, with a 44.25% operating margin, and latest-quarter earnings rose 18.00% on revenue up 5.70%. The article flags risks including debt at 170.37% of equity, the loss of crude oil pipelines to South Bow in 2024, and volumes that depend on North American gas demand from power and LNG exports. A 4.01% yield is cited as income while the market decides whether the stable business justifies the multiple relative to its growth.
- Should You Buy This Trump AI Stock Ahead of Earnings?
Microsoft (MSFT) reports quarterly results on October 28 and ranks eighth in Trump's latest stock portfolio, after Trump bought the stock five times in August. Bulls point to Azure growth of 43% last quarter, with management expecting about 45% in the current quarter, and to demand that exceeds available computing capacity. Bears cite rising capital spending that Deutsche Bank says could push free cash flow close to breakeven in fiscal 2027, about two-thirds of spending going to short-lived equipment such as chips, and OpenAI making up about 45% of the commercial backlog in the December quarter. The stock trades at 26.75 times forward earnings, a 27% premium to the sector median of 21.01 but 12% below its own five-year average of 30.47, with a PEG ratio of 1.70 versus a sector median of 1.14. The article concludes that investors pay more than for the average tech stock but less than they usually pay for Microsoft.
- What Is Williams' (WMB) Economic Moat, and Is It Steel or Permits?
Williams (WMB) closed at $71.28 on October 16, with a 0.5% return over 6 months, compared with 10.5% for the Insider Monkey Billionaire Index and 9.3% for the State Street SPDR S&P 500 ETF Trust. The article argues its main advantage is the Transco pipeline, which runs from the Gulf Coast up the eastern seaboard, where several attempts to build new pipe have been abandoned after failing to win approvals. A 39.54% operating margin and 21.50% return on equity are cited as evidence of this advantage, although revenue rose only 7.80% last quarter. Limits noted include debt at 200.37% of equity, rules that also restrict Williams' own growth, and a price of 26.81 times expected next-year earnings. The dividend yields 2.95%.
- Marvell Jumps 6% as GF Securities Says Google Chip Delay Won’t Dent Its Position; Broadcom Rises 3%
Marvell shares rose 6% to $241.27 in afternoon trading after a reported delay in Google's next TPU chip, while Broadcom gained 3%. GF Securities analyst Jeff Pu said the delay does not change Marvell's medium- to long-term position in Google's chip supply chain. Marvell reported Q2 FY2027 revenue of $2.74 billion, up 36.5% YoY, with its Data Center segment at $2.17 billion, or 79% of revenue. Google can acquire up to 7% of Marvell shares under a warrant tied to revenue targets, and management expects its custom business to more than double in fiscal 2028. Q3 revenue guidance is $3.15 billion, plus or minus 5%, with non-GAAP gross margin of 57.5% to 58.5%, and the article notes Marvell still needs to convert its Google programs into reported revenue.
- Is ONEOK (OKE) Cheap at 14 Times Next Year’s Earnings?
ONEOK (NYSE:OKE) closed at $93.31 on October 16 and returned 11.4% over six months, versus 10.5% for the Insider Monkey Billionaire Index. The stock trades at 14.49 times next year's expected earnings and yields 4.59%, and revenue rose 52.80% last quarter as the company grew through acquisitions. The article argues that much of this growth was bought rather than built, with only 13.25% of revenue remaining as operating profit and debt at 143.07% of equity. Because a large part of the business involves buying and reselling liquids rather than earning transport fees, the article views the discount as having a reason behind it. It concludes that investors should watch margins rather than revenue.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.