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Japan Post to announce trillion-yen IPO on Sept 11

Bloomberg Japan Post Holdings Co. will announce plans for a share sale by the government as early as Sept. 11, almost two years after the postal and financial-services giant was listed, people with knowledge of the matter said. The Ministry of Finance plans to offer about 1 trillion yen to 1.4 trillion yen ($9.1 billion to $12.8 billion) of Japan ...

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Modi’s 10mn jobs challenge may be a re-election risk

Bloomberg With job creation seen as his government’s biggest failing, Prime Minister Narendra Modi replaced both ministers in charge of employment. Their successors face an uphill task. India will have the world’s biggest labor force by 2027 and the millennial generation is crucial to anchor one of the fastest paces of economic growth. However fresh employment opportunities are scarce and ...

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China’s Hubei halts some new property investments

Bloomberg The state assets regulator in China’s Hubei province has asked companies backed by the province and their subsidiaries to suspend new property investments from September 5 amid a push to reduce financial risks, according to people familiar with the matter. The State-owned Assets Supervision and Administration Commission in Hubei has also asked province-backed companies to accelerate the construction or ...

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