nomura

Since the acquisition, Nomura has continued to expand its international operations aggressively, recruiting teams of bankers from rivals.

Speaking about Nomura's growing global presence, Mr Shinohara said the bank planned to establish an onshore presence in China.

Analysts are also watching to see if Nomura can keep key talent who may be wary about working for a Japanese bank.

'It's a bit of an uncomfortable truth for investors, ' says Sean Darby, Nomura's chief Asia strategist.

However, the dark emptiness of the rooms beyond the lobby illustrate the challenges Nomura still faces in its efforts to integrate Lehman.

"It was certainly a shock, the market is taking it a bit hard, " said Sean Maloney, strategist at Nomura.

But management believes Nomura has no choice but to push ahead with its high stakes gamble.

In London, the Japanese financial group Nomura says it will cut up to 1, 000 jobs in its British operation.

MatthewLilley, an analyst at Nomura, quips that at least with banks investors are prepared to trust one side of thebalance-sheet.

When Mark Chapman, general counsel of Nomura woke up on September 15 2008, he knew that it was not going to be a normal day.

Nomura estimates that if China's government were to assume responsibility for all this debt, the country's debt-to-GDP ratio could top 135%.

Nomura seems to be struggling but the industry's re-expansion abroad will continue.

If we do see a change in behavior, Nomura says that equities at least are unequivocally at a deflated stage of the cycle.

Nomura forecast a return to profit for the year to March after two years of losses.

Nomura disclosed in its second-quarter results that it had net exposure of $3. 55bn to Greece, Ireland, Italy, Portugal and Spain.

In an interview with the Financial Times, Mr Shinohara said Nomura was reviewing its compensation system to "make it as fair as possible" .

She developed the symptoms "after confronting the wild behaviour of a few boys, " said Imperial Household Agency official Issei Nomura.

Of course Nomura adds a caveat that we still have to see if quantitative easing will actually work.

The country, says Stephen Roberts, chief Australia economist at Nomura, "is going through a once-in-a-century boost in trade" .

Analysts at Bank of America Corp. , Nomura Holdings Inc. and IHS Global Insight said the first quarter may mark a trough.

For all the challenges, the Nomura chief insists that neither he nor the bank has ever been inward-looking.

Takumi Shibata, Nomura chief operating officer, yesterday said in Tokyo that the bank would hire an additional 300 US staff by March.

Investors pulled $9 billion a day out of money funds this week, according Nomura Securities International Inc.

Nomura, aged 37, the day his party of four car accident on his way to travel to Sirte.

Nomura responded, after the close of regular trading, with an unusual statement that distanced itself from its longstanding client.

After Lehman collapsed last September, Barclays Bank and Nomura bought substantial parts of its business.

Mr Shibata likes to put the new Nomura into an elite category of standalone investment banks alongside Lazard and Greenhill.

"It's a blow upon a bruise. It comes at a bad time, " said Richard Windsor, global technology specialist at Nomura.

"There's been no business. This crack team is still sitting there and in the meantime Nomura has been creeping up, " the source added.

Nomura snapped up the Asian and European arms of Lehman Brothers in a bid to become a global investment bank.

A spokesman for Nomura said: "We are always exploring options, however we do not comment on market rumours. "

Nomura produced a research report detailing the countries that would be crushed in a food crisis.

As for Nomura, the Japanese bank is in the process of raising capital and is unable to comment.

They complain in particular that decision-making processes are long-winded and that some of Nomura's homegrown bankers are second-grade.

'The memory of Lehman is still very fresh, so banks are probably hoarding dollars, ' said Charles St. Arnaud at Nomura Securities.

Nomura said the BOJ could increase the scale of its asset purchases to 8-10 trillion yen.

"I go into the office quite regularly without make-up, " says Caitlin Flack, a director in risk management at Nomura bank.

Nomura once again promised an announcement of the new game, whatever it may be, some time this year.

'Japan likely couldn't intervene without the consent of the United States, ' said Takahide Kiuchi, chief economist at Nomura Securities.

The bar is also likely to be foreign- owned: a Japanese bank, Nomura, recently became the largest pub landlord in Britain.

"We consider these initiatives are a superior outcome for Rio's credit quality as opposed to the Chinalco deal, " Nomura International said.

Nomura is the latest investment firm to try to outflank investors' worries tied to the mushrooming European crisis.

'Nomura cannot be everything to everybody, but will choose the areas where it's strong, ' a person familiar with the discussions said.

Nomura's shares are down 80% since the deal, compared with a 30% decline for the Japanese market.

If that continues, it will add to disinflationary forces in the U. S. economy, says Nomura Securities economist Zach Pandl.

Nomura's local staff is used to large basic pay packages , tiny performance- related bonuses and a tradition of jobs for life .

Analysts at other banks, including Japan's Nomura Holdings, have also released reports discussing the prospect of the end of the euro.

Nomura's gamble could well turn out to be a dud.

In the financial sector, meanwhile, banks like HSBC, UBS and Nomura are cutting jobs around the globe.

Sonja Gibbs (Chief Strategist, Nomura): One of the most important points is exactly what you mentioned just now.

Nomura Giko manufactures superheated steam generation devices powered by electromagnetic induction heating.

Those forced into altered job conditions at Nomura are now more likely to take the medicine offered than call their headhunter.

That, said Nomura Securities economist Zach Pandl, would mean 'the banking system is in better health than feared. '

"We believe a bubble is inevitable and will only grow bigger, " said investment bank Nomura on China's property market, in a recent report.

In the meantime, macroeconomic conditions are undeniably favorable for Asian equities, note Nomura in a new strategy report.

But Geoffrey Kendrick, a currency analyst at Nomura, says the banks may have contributed to the recent strength of the franc.

But the current downturn in global stock markets and string of bank failures could be a blessing in disguise for Nomura.

Nomura bankers are more bullish, confident of decent profits as business stabilises and efficiencies come through.

To understand why this is true, you need to read a brilliant book by Richard Koo of the Nomura Research Institute*.

"The mood is still quite gloomy, people are reticent about spending, " said David Resler, chief economist at Nomura Securities.

Fishermen in northern Japan are braced for a "massive" inundation of huge Nomura's jellyfish this autumn.

Richard Koo of the Nomura Research Institute calls their reluctance to do so the "debt-rejection syndrome" .

Earlier this year, Nomura bought parts of the failed U. S. bank, Lehman Brothers.

That leaves the dollar ripe for a short-term rally, says Nomura International currency strategist Jens Nordvig.

The authors are a former head of forecasting and policy analysis at the OECD, and chief economist europe at Nomura.

Nomura has calculated an Exchange-Market Pressure Index, which weighs both currency appreciation and reserve accumulation.

While Nomura's shift to a bonus culture may have stirred interest, the flipside has been that it is also decreasing base salaries.

In India, Nomura offers fixed income products, trades local equities and has investment banking and asset management capabilities.

The combined company would also be bigger by revenues than Nomura, the Japanese bank.

Nomura is also planning to wrest U. S. market share from Swiss bank UBS AG losing clients in the wake of a U. S. tax probe.

Old loyalties die hard , although by starting from scratch Nomura could design a model that pleases both participants and regulators .

Policy makers may introduce more measures in the fourth quarter amid signs of a price recovery, according to Nomura Securities Co.

Research by Ian Scott of Nomura shows that momentum strategies performed well for several years leading into the crisis.

The move is important for Nomura, whose only presence on mainland China is a couple of representative offices in Shanghai and Beijing.

Last month, a resurgent Nomura completed meshing the systems that underpin its operations with those of Lehman.

Nomura has denied any involvement in past actions by Olympus to defer losses on its securities investments.

Nomura securities cancelled after the second half of 2011 and a raise interest rates, two times to raise deposit reserve rate forecasts.

"Brokerage can be a scale business, " said Jon Peace, of Nomura.

"Demand is getting slightly better, " said Richard Windsor, global technology specialist at Nomura.

The global businesses Nomura built up after acquiring Lehman's European and Asian arms have yet to generate significant profits.

Mr Bhattal was also elevated to chief executive officer of Nomura's wholesale division on Monday.

A 2007 Web-based survey by the Nomura Research Institute revealed a growing reluctance to live overseas among younger Japanese.

Nomura also notes that many emerging markets remain underinvested by professional money managers.

For Nomura, moving to the new headquarters will mark a symbolic moment of integration with the Lehman business.

One reason for this, Nomura's Mr Jeng pointed out, is that "so far, you still don't have to pay for using Android" .

Michael Nathanson, an analyst at Nomura Equity Research, ran an interesting breakup analysis of News Corp on Monday.

Nomura says to look to Australia to get some idea how far behind the curve Beijing is.

Nomura's description of a food crisis is a prolonged price spike.

Nomura's gamble on Lehman comes as the stand-alone investment banking model is falling apart.

Asian banks should theoretically be the winners in terms of profit, especially banks such as Nomura that operate globally.

Nomura's Mr. Syme wrote that BP could raise equity-linked financing in the near term, perhaps from a Sovereign Wealth Fund.

Nomura, a Japanese bank, thinks that may be an underestimate.

Nomura analyst James Kim has a "reduce" rating on LG Display and AU, predicting swift deterioration in the fourth quarter.

Nomura of Japan never left but, following its acquisition of Lehman Brothers' Asian operations, it is being taken more seriously.

Mr. Saito is head of Asian industrial research and Mr. Ge is a junior research analyst at Nomura Securities in Tokyo.

Nomura, a broker, made the splashiest acquisition of all with the purchase of the European and Asian arms of Lehman Brothers.

Nomura Holdings, wannabe global banking giant, is tearing through its "to do" list.

"This will create a well balanced exchange, " said Sadakazu Osaki, a senior researcher and exchange expert at Nomura Research Institute.

"Old Lehman and old Nomura had to link the systems up. That took from November to about February. "

"It's a tense environment right now, " said Glenn Schorr, an analyst with the investment bank Nomura.

The former Lehman executive had previously become the first foreigner to join Nomura's executive committee.

Asia's policymakers remain "paranoid about growth scares from the West, " argues Sean Darby of Nomura.

"Telecoms equipment is a scale game, " says Richard Windsor of Nomura, an investment bank.

Nomura economist Minoru Nogimori said high export orders suggested Japan's shipments will stay strong, particularly to Asia.

Nomura found that Asia's banks are significantly underleveraged, meaning they have plenty of muscle for acquisitions.

Nomura's FX research team warns that even though it all looks rosy for gold, investors shouldn't be overexcited.

Nomura leapt in its expansion with the acquisition in 2008 of Lehman Brothers in Asia, Europe and the Middle East.

Nomura research shows that momentum stocks are still expensive compared with their historic average valuations.

Nomura is not buying any trading assets or liabilities from Lehman.

Several brokerages including Nomura cut their price targets on big lenders.

Commodity analysts at Japanese bank Nomura raised the possibility that prices could perhaps hit $220 a barrel.

But its fragmented private ownership has proved a mixed blessing, argues May Yan at Nomura.

"It is certainly disheartening news about the economy, " said David Resler, chief economist at Nomura Securities International in New York.

As a result, Japanese employees have had to get used to communicating in English, increasingly the lingua-franca at Nomura.

Nomura is already expecting Korea's 2012 GDP to hit 5% and figures if the won keeps falling, it may revise that figure upward.

Simon Flint, currency strategist at Nomura, notes that South Korea is a case in point.

Take Nomura: it has cut Italian assets by 80 per cent and Spanish assets by 60 per cent since the third quarter.

Sadeq Sayeed, senior adviser to Nomura's board in Japan, said the bank had reached agreements with the top people in the each business line.

"I don't think we should assume that option of the EFSF as a bank is ruled out, " said Alastair Newton, an analyst at Nomura.

If the second country were Algeria, an even bigger exporter, prices could peak above $220 a barrel, said analysts at Nomura.

China may provide more than a third of global growth in this year, according to Nomura Holdings Inc. , Japan's biggest broker.

This is the phenomenon of strong asset prices with a large output gap, says Nomura's Asian equity strategist.

Money is flowing into ones that are unimpaired, says Nomura.

Japan's Asahi television station in Cairo correspondent Nomura Yoshihisa 21 killed in car crash in Libya.

The acquisition should fill several holes in Nomura's strategy.

Nomura expects the largest negative impact on quarterly real GDP growth will emerge in April-June 2011.

"We wanted a home that both sides could call their own, " said Sadeq Sayeed, chief executive for Nomura in Europe and Middle East.

Tamura and Nomura discovered that the organizers from the wing and leg didn't work the same way.

So, it is absolutely right for Nomura to abandon its traditional pay practices.

Their report, "Europe will work" is published by Nomura.

Nomura was ranked No. 1 for China research in a 2010 poll by Institutional Investor magazine.

Nomura's total U. S. head count is now 855 people, up from about 650 in September.

The bull run for casino stocks is set to continue, Nomura's analysts note, as they forecast growth to average 8. 6% in 2012.

Shares of Nomura dove 12. 3% to be among Tuesday's biggest losers.

He is typically restrained when asked if Nomura will be profitable this year.

Last year just 23% of new broadcast shows were picked up for a second season, according to Michael Nathanson, an analyst at Nomura.

Bankers say local securities houses Nomura and Daiwa are eager to expand, but banks such as Mitsubishi UFJ are less enthusiastic.

As widely reported, Nomura has agreed to preserve Lehman's 2007 bonus pool.

Nomura may well find itself with some new problems.

Investment banks such as Nomura and JPMorgan predict India's domestic consumption boom can propel its growth rate past China's.

But 8% would be more of a stretch in 2012. Nomura, a bank, forecasts growth of only 7. 9%.

Nomura, a Japanese bank, has forecast a surplus of just 1% next year.

"Buying regulated businesses in Commonwealth countries is very much a CKI way of expansion, " says Ivan Lee, analyst at Nomura.

But the retreat by global investors has been underway for two weeks now, according to data from Nomura.

Nomura estimates companies will repatriate 500 billion yen ($5. 53 billion) in excess overseas capital in March.

Vodafone Group Plc gained 1. 2 percent as Nomura Holdings Inc. recommended buying the shares.

Nomura has a QFII licence and is using it in this fund, meaning it is free to buy A shares.

now the logo of Nomura, Japan's largest investment bank, is on display.

One tool used by Nomura to keep the Lehmanites on board was to offer them cash incentives to stay, at a cost of $600m last year alone.

Thursday's agreement prompted Nomura to raise its price target for Gome to HK$4. 10, nearly 30% above Friday's close.

The case for gold seems solid as ever, according to Nomura's analysts.

China accounted for more than 40 per cent of global growth in 2011, according to Nomura, the Japanese investment bank.

Nomura reckons that thermal coal will hit a peak price of $170 a tonne in 2012 compared with $110 now.

Nomura has been down this road before.

Also, when we at Nomura converted to computers about five years ago, the new system eliminated the jobs of 700 people.

S. market. That Nomura is hardly fashionable in a brand-conscious industry will make the job even harder.

The US bank has about 3, 000 staff in Asia, half of which are located in Nomura's heartland of Tokyo.

Nomura reckons that by 2014, retail sales in China may surpass those of the US.

On Nomura's measure, that is more than India and bigger than elsewhere in the region (see chart).

Citing the weak data, Nomura cut its forecast for third-quarter U. S. economic growth to 2. 4 percent from 2. 6 percent.

Nomura plans to do so, but has yet to find a partner.

Nomura Securities Co. has expanded its reach overseas after purchasing the Asian and European operations of Lehman Brothers last year.

James Kim, an analyst at Nomura International Ltd. in Hong Kong, says LG is experiencing the 'strongest momentum' in its history.

No disclosure document is available to show whether Nomura changed its donation practices after the DPJ took power last year.

"If the plan doesn't go through this weekend, there'll be a sell-off on Monday, " said Sean Darby, a strategist at Nomura in Hong Kong.

Nomura expects the economy, which shrank late last year, won't shake off its lull until the third or fourth quarter.

Nomura gained 3. 7 per cent to Y669.

"These measures buy time, but the risk is they do more harm than good, " says Robert Subbaraman, economist for Nomura in Hong Kong.

Nomura raised $3. 3 billion in March to increase its capital after buying the Asian and European units of Lehman Brothers last year.

Nomura spent more than $600m on retention bonuses for ex-Lehman staff last year.

'There's not much slack left' in Asia, says Robert Subbaraman, an economist at Nomura in Hong Kong.

By Nomura's reckoning, there were 25 measures across nine countries in Asia last year.

Industrywide return on equity was 8. 2 percent in 2010, down from 17. 5 percent in 2005, according to Nomura.

Harfun Ven, portfolio manager of Robeco Hong Kong, said Nomura's move was unexpected and he was considering selling the shares.

By volume, sales in 2010 fell by 1. 5% in America and 2. 3% in western Europe, says Nomura, a Japanese bank.

Nomura announced Kurtz's hiring as its Hong Kong-based chief Asia equity strategist on Oct.

As the Nomura report notes, the manageability of public debt depends on just three things: the primary fiscal deficit (before interest);

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