Mizuho

Currencies

China strengthens Yuan to drive consumption

The currency’s rally since this year’s nadir in late May has made it one of the best performers in Asia, with the buying momentum still standing close to the strongest since January.

Update

Hyflux granted 6-month protection against creditors; seeking $200 mil in rescue financing for projects

SINGAPORE (June 20): The Singapore High Court on Tuesday granted Hyflux a six-month moratorium against its creditors with immediate effect, after the group filed its application last month.

Global Markets

Mizuho targets foreign student boom with Japan dormitory fund

TOKYO (Aug 16): Mizuho Financial Group Inc. is raising a fund to build dormitories to profit from the shortage of accommodation for the surging number of international students at Japan’s universities.  
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