News 

Japan’s Nomura aims for increased deal-related business in U.S. push: CEO

“Our key words are ‘America’, ‘corporate clients’ and ‘solutions business’,” Koji Nagai told Reuters in an interview” writes Midwest Communications Inc for 95kqds.com. Nagai forecasts the expansion of Nomura’s client financing and solutions business in the United States and elsewhere to boost revenue by $250 million in the medium term.”In addition, we will expand our solutions business such as acquisition finance and foreign currency exchange services for deals we advise on.”. Nomura has made U.S. expansion of its investment banking arm one of its priorities as it strives to earn…

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Futures Markets News Stocks 

The sell-off started with a mysterious plunge overnight that caused the exchange to halt futures

“The stock market sell-off on Thursday began with a mysterious overnight plunge in equity futures that caused the CME Group to halt trading in several intervals” writes Thomas Franck for cnbc.com. When futures opened for trading at 6 p.m.ET on Wednesday, the eMini S&P 500 futures fell as low as 1.8 percent in a sudden move on above average volume. The CME Group said it had to intervene with multiple 10-second pauses to prevent a steeper decline in the equity futures. Source: cnbc.com

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News 

Hong Kong sits in the ‘danger zone’ for a fresh financial crisis

“Hong Kong, on the other hand, will be creating history if it is to avoid a financial crisis, at least based on the model” writes David Scutt for businessinsider.com. When they breach a predefined level, they trigger an early warning indicator for a potential financial crisis within three years.Those with red markings indicate that a financial crisis occurred. Source: businessinsider.com

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Nomura secures Rahul Darbari as Head of Asia FX Options

“Nomura, a Japanese investment bank, has appointed forex veteran, Rahul Darbari, as its head of Asia foreign exchange options” reports financemagnates.com. According to a report from FX Week, Darbari will report to Nagaraj Pangal and Asa Atwell, the global co-heads of FX options at Nomura.Whilst working for the bank, Darbari was based in Singapore. Source: financemagnates.com

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News 

Sri Lanka’s prime minister says his country isn’t nearly as vulnerable as others claim

“The higher number could also be due to officials using a broader measure of external debt” writes Sri Jegarajah for cnbc.com. Both took particular exception at Nomura’s initial short-term external debt estimate of $160 billion, a figure Nomura later admitted was inaccurate.Sri Lanka’s government debt remains high at around 77 percent of GDP. Japanese bank Nomura Holdings on Monday identified Sri Lanka as one of 30 emerging markets most susceptible to an exchange rate crisis, a claim vehemently denied by Sri Lanka’s central bank and Wickremesinghe, who called it “false.”.…

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News Platforms Stocks 

Twitter upgraded after shares lose a third of their value from June high

“Monthly active user patterns have been harder to estimate with ongoing efforts to clean up the platform,” Kelley wrote” writes unknown author for cnbc.com. Wall Street’s expectations for Twitter have been appropriately reset as evidenced by the recent nosedive in the company’s stock, according to Nomura Instinet, which upgraded shares to neutral from reduce on Tuesday.”We see several key positives underway but also some unanswered questions that need to be examined as the company moves forward,” he added. Despite Twitter’s efforts to purge fake accounts from the site to improve…

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