GCAR ABS subprime auto loan

A pool of subprime auto loans on new and used vehicles will guarantee $ 559.9 million in asset-backed securities, the sixteenth securitization of Global Lending Services since their market launch in 2014. Global Lending Services grants loans through franchised and independent car dealerships, and CLS 2021-2 pool loans have a …

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Groups in Australia and Japan join forces to highlight damage caused by their countries’ coal trade

Australian Institute Civil society groups in Australia and Japan have teamed up to release a new report that examines the damage caused by coal mining in Australia and coal consumption in Japan, highlighting the costs of Japan’s dependence Australian coal. Australian Conservation Foundation, Australia Institute and Japan’s leading climate organization …

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Covid lowers seafood exports

Andhra Pradesh: The Covid pandemic and sluggish foreign markets have cast a shadow over India’s resurgent seafood sector as the country could only export 11 49,341 tonnes (metric tonnes) of seafood worth Rupees 43,717.26 crore ($ 5.96 billion) in fiscal year 2020-21, according to MPEDA President KS Srinivas. In a …

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UAE, Japan launch business council

The United Arab Emirates and Japan are seeking to set up a business council. During the virtual meeting between Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and Hiroshi Kajiyama, Japanese Minister of Economy, Trade and Industry, the two sides approved the formation of ‘a joint …

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Japan plans to allow SPAC registrations

Japan could allow SPAC listings in its markets as part of its growth strategy as early as next year. Japanese regulators are would have consider regulatory changes to allow SPACs (Special Purpose Acquisition Companies) to register in the country. The FSA (Financial Services Agency), METI (Ministry of Economy, Trade and …

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