Bloomberg A strong earthquake off Japan’s northern coast of Miyagi prefecture on Saturday temporarily disrupted bullet train service and prompted utility companies to conduct checks at nuclear power plants. The magnitude 6.8 temblor hit at 10:27 am local time at a depth of 32 miles, the Japan Meteorological Agency said. While the quake shook buildings as far away as Tokyo, ...

Bloomberg China’s biggest banks fell after posting profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic. Industrial & Commercial Bank of China Ltd., (ICBC) the world’s biggest bank by assets reported a 1.46% gain in profit in period. Its smaller rivals ...

Bloomberg UBS Group AG will relocate its Tokyo-based rates trading business to Sydney by the end of this year as the Swiss bank reorganises its Asia-Pacific operations. The firm has initiated the process to relinquish its Japan Government Bond primary dealership, though the change won’t impact UBS’s other fixed-income trading businesses conducted with Japanese clients, it said in a statement. ...