Word: nomura
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...Japan in the past couple of years--finally. Hundreds of companies like Nissan and Sega have taken Western-style restructuring to heart. The government is letting more companies fall under foreign control, including top financial institutions like Shinsei Bank and consumer-electronics maker Denon. U.S. firms have surpassed mighty Nomura Securities in domestic stock underwriting and merger advice. Corporate bankruptcies are more frequent, as are takeovers--sorely needed to clear away deadwood and reinvigorate competition...
...drive 10 million more Chinese farmers to look for work in overcrowded cities, where they will compete for jobs with people laid off from state-owned enterprises. "Cutting agricultural subsidies will be the most difficult thing China has to do for WTO," says Pu Yonghao, a senior economist at Nomura International in Hong Kong. "There are serious doubts whether they will be able to pull it off without too much social unrest...
...Katsuya Nomura...
...crisp $13 million. To some observers such tactics smack of price-fixing, market discrimination and possible violation of antitrust law: if the player does not like the U.S. team negotiating the deal, his only recourse is to stay in Japan for another year. Nomo's American-based agent Don Nomura called it a "slave auction." The union, true to form, failed to file suit. Explained Toru Matsubara, secretary-general of the Japanese Baseball Players Association: "Trials last forever here." Japan was free to sell off its best talent. And there was little the fan could do. As a disgusted Tamaki...
...tory's independence, inviting journalists to view her as the canary in Hong Kong's political coal mine. Her departure, therefore, is a signal that all is not well. Chan's resignation marks the beginning of Hong Kong's "second transition," according to William Overholt, an executive director of Nomura International in Hong Kong...