Regulators question head of lender suspected of gouging

Regulators question head of lender suspected of gouging

KYOTO, Japan - The photo shows the head office of Nichiei Co., Japan's biggest finance company specializing in collateral-free, guaranteed loans to small companies. The Financial Supervisory Agency and the Finance Ministry's Kinki Regional Finance Bureau on Nov. 2 question Nichiei President Kazuo Matsuda over allegations the company has strong-arm tactics to recover bad loans. Matsuda denied the allegations, sources close to the case said.

New York City declares state of emergency amid U.S. infant formula shortage

STORY: New York City declares state of emergency amid U.S. infant formula shortage DATELINE: May 24, 2022 LENGTH: 00:02:39 LOCATION: NEW YORK, U.S. CATEGORY: ECONOMY SHOTLIST: 1. STANDUP (English): XIE E, Xinhua correspondent 2. various of shelves in short of baby formula 3. various of parents pushing baby strollers in New York street 4. SOUNDBITE (English): Parent in New York City STORYLINE: STANDUP (English): XIE E, Xinhua correspondent "I'm now at a Target store in midtown Manhattan, New York City. Like other large retailers in the city, this store is struggling with the baby formula supply shortage. The city mayor Eric Adams declared a state of emergency on Sunday over this nationwide shortage. He signed an emergency executive order empowering the city's Department of Consumer and Worker Protection to prevent price gouging for infant formula. The order will help authorities to crack down on any retailer looking to capitalize on this formula supply crisis by jacking up prices, said Adams. He added tha

Face mask price gouging scandal in Japan

Face mask price gouging scandal in Japan

Shizuoka prefectural assembly member Hiroyuki Morota apologizes at a press conference at the prefectural government office in Shizuoka, central Japan, on March 9, 2020, for price gouging during the coronavirus crisis after it was revealed he made 8.9 million yen ($87,000) by selling face masks via online auctions. (Kyodo) ==Kyodo

Regulators question head of lender suspected of gouging

Regulators question head of lender suspected of gouging

KYOTO, Japan - The photo shows the head office of Nichiei Co., Japan's biggest finance company specializing in collateral-free, guaranteed loans to small companies. The Financial Supervisory Agency and the Finance Ministry's Kinki Regional Finance Bureau on Nov. 2 question Nichiei President Kazuo Matsuda over allegations the company has strong-arm tactics to recover bad loans. Matsuda denied the allegations, sources close to the case said.