. >>> mitsubishi motors is set to raise capital through new shares. it's to shore up its financial condition. and it's also part of the japanese automaker's midterm business plan. company executives say they're targeting $2.1 billion through a public offer this fiscal year. they'll use the funds to buy back preferred stock held by mitsubishi group companies. >> translator: by buying back shares, our company will no longer be considered a firm on the mend. >> the automaker sold the preferred shares to group companies to cover funding needs. the firm's financial health had gotten worse after cover-ups of auto defects were revealed in 2000 and 2004. under the new business plan, the automaker will resume dividend payments to its shareholders next fiscal year. that will be for the first time in 17 years. it's also planning to build a new plant in southeast asia where mitsubishi expects strong demand for its cars. >>> let's get a check of the markets now. positive corporate earnings are lifting september intiment in e. frankfurt gaining 0.4% while paris is

mitsubishi rose 82% in yen terms to $5.3 billion. net income for assume tomorrow many financial group was up 52% to $5.1 billion while ms. hur row surged up 133% to $4.3 billion. stock market rallies over the past months boosted capital gains on stock sales. strong business also contributed. the mega banks reduced bad loan reserves as an improving economy eases credit risks. >>> the postal service unit of the japan postal group shows the first increase in revenues since the whole group was privatized back in 2007. the postal business arm reported its midyear results. the operating revenue, this unit rose to $8 billion, up 1.6% in yen terms from the same period last year. the company says the uptick is due to high are demand for regular parcel deliveries. contribution from the services offset a dedlin in the volume of letter and postcard deliveries. the japan post corporate group showed an ordinary profit of about $5 billion, this is down 9.2% from the same period last year. >>> let's get a check of the markets now. global stock ralli

mitsubishi led the way with an increase of more than 60%. it was followed up by that 30% gain from mazda. toyota's out put grew more than 9%. that was thanks to brisk exports. the automakers plan to release more new models in the coming months. >>> japan's agriculture ministry is to make the largest cut in its rice production target in a decade. a panel of experts and farmers advising the ministry approved the target at a meeting on thursday. the target for next year is set at 7.65 million tons, down 260,000 tons from this year. the ministry made the cut for a fifth year in a row. rice consumption is falling due to rising prices. a relatively good yield in the crop this year is raising the prospects of a surplus in rice stockpiles next year. the government has set a total production target and quotas for rice producers. that system is set to be abolished in about five years. that is going to do it for biz tonight. i'll leave you with the markets. >>> the number of tourists visiting japan this year is likely to top ten million. it appears jap

tokyo mitsubishi ufj and sumitomo mitsui. what's up for a check on the my kids the ones in the us ended higher on monday on continued expectations that the federal reserve will maintain its monetary stimulus. the kids here were closed for the long weekend let's see how stocks are starting off the week but remember me now a god who is standing by at the tokyo stock exchange amid the morning so the night catching up to do friends here about how large the pure market opening this tuesday morning. rated morning show and actually was seeing a bit of a rebound from a more than three hundred point decline of the song the last two trading sessions. and i'm talking about thursday and friday of last week but some of the opening doubles and was exactly what that where we stand right now for tuesday november fifth and both indexes in the positive so we're seeing a pretty good reaction right now following the holiday on monday. earnings here were a reason for some but for performances last week and the negative tone to offset some of the

. >> meanwhile, mitsubishi motors carry in focus. i understand they're looking to double annual sales in china in the next three years. they have a new strategy offering up to $2 billion in ordinary shares, as well. what are they trying to do with that? pay back shareholders from the bailout? >> absolutely. the terms you've come a long way really applies to the ceo of mitsubishi motors. and in my mind, today belonged to him more than toyota because this is a company that was on the verge of bankruptcy back in 2004 because of the cover-up scandal and they had to issue preferred shares. but today, they're confirming that the market had been expecting. they're buying back most of these preferred shares and issuing new stock up to $2.1 billion as soon as possible. here's what they had to say. >> this allows us to be a normal company and not -- we hope this will be a paradigm shift and help us go further. if it were not for the lehman crisis, we could have completed our realignment and come up with a plan to rebuild even sooper. >> it als

mitsubishi upgraded today their earnings outlooks for the current fiscal year through march. both expecting net profits to increase on the year. mitsubishi expects the first $9.1 billion and mizho up around 7% respectfully from the previous year. both banking groups had previously been forecasting profits to fall. but the strong stock market stirred by prime minister shinzo abe's abe-nomics boosted securities businesses as well as listing the value of stock holdings. incomes for the first half of fiscal 2013 jumped 83% of mitsubishi and increased some 230% at mizuho. they raised the first year outlook earlier this week. now the renewed forecast at the nation's three largest banking groups have all outperformed analyst expectations. the aggregate net income of the three groups is set to beat that of fiscal 2012 and reach the highest level since the 2008 financial crisis. that's all from nikkei business report. back to you, ross. >> all right, yukako, thanks for that. joining us with his thoughts, david marshall. senior analyst, asia pacific financial in singapore. david, nice

and it's the third day for japanese earnings with mizuho and mitsubishi reporting this morning. china air lines and singapore's singtel. >>> former heavyweight champion of the world mike tyson says he's pulling no punches in the release of his auto biography in the relief of his memoirs, iron mike. mike tyson will be on set at 4:30 eastern to discuss the book. so if you had a chance, what would you ask mike tyson? let us know. e-mail us, worldwide@cnbc.com, tweet @cnbcwex or direct to me @rosswestga @rosswestgate. i think most of us would prefer to ask limb not to hit us. but there is a great quote he came out as saying most people have a plan until they get a punch in the face. >>> still to come in the program, more than a thousand economic experts for more than 100 countries and we're going to get their verdicts on the bits climate around the world. it's the latest itc/ifo survey. that coming up. the next hour of "worldwide exchange" starts right after this. ♪ ♪ stacy's mom has got it goin' on ♪ ♪ stacy's mom has got it goin' on ♪ ♪ stacy's mom has got it goin' on

. >>> reuters is reporting that mitsubishi heavy proposed to boeing it could cut costs for building wings for boeing 777-x jet in japan. after washington state approved a $8.6 million incentive package to keep the us production of the jet in the seattle area. tomorrow the union members will vote on the boeing contract offer. >>> transunion says the percentage of mortgage-holders at least two months behind on payments fell in the first quarter, to 3.09%. that is down 23% from last year. that's latest from the fox business network, giving you the power to prosper. adam: another headline that could move markets. secretary of state john kerry believes it would be, this is a quote, a mistake for the u.s. congress to impose additional sanctions on iran now. state department spokesperson says the headline coming as iranians walked away from talks with world leaders monday. secretary kerry wants, and this is another quote, temporary pause a temporary pause in imposition of additional sanctions. lori: okay. well, from that to this. zombie apocalypse portfolio. no, it is not a craze. companies that

moving on to some individual movers in japan, mitsubishi ufj and mizuho financial both raised full year guidance as shares got a nice boost. pang an insurance one almost 4%. meanwhile, china, taiping reported that premium income for life insurance jumped 54% from a year earlier. and other insurers gained about -- over 3% in today's trade. so that's a look at the asian markets. back to you, ross. >> thanks for that, sixuan. have a great weekend. meanwhile, what's on the agenda in the united states today? we have october import prices out at 8:30 eastern. at 9:15, we'll get october industrial production. and at 10:00, it's september business inventories forecast to rise 0.4%. >>> volkswagen has just set the first time emerging of stabilization in europe. this is the eurozone's finance meeting in brussels have hailed positions by ireland and spain not to seek extensions to their aid plan. the irish government says it will make a clean exit from its three-year international bailout without any overdraft facility. but it comes as wrangling' continues over grease's disputed shortfall. >> juli

mitsubishi bank, i used to work there. put the smartest people in the job. in the next five years, i think mexico is going to be a fantastic story, unless it's not. in which case i'll never mention it again. >> citigroup is making big bets on mexico. the consumer is just starting to have spending power. >> the middle class. >> manufacturing capacity. >> if they can control the violence, the drug violence. a lot of people used to go to mexico on vacation, they say i can't go. mexico needs to fix that and you should see tourism rebound and give the market another run-up. >> james, target, home depot all up this morning. generally a positive take on retail. mary thompson joins us on the floor with more on what is moving this morning. good morning, mary. >> david, we see a continuation of the record run we've had on wall street today in a holiday shortened trading session. we'll close at 1:00 eastern time. a little bit of weakness in the banking stocks and energy stocks as well as the reits today. the markets are on track for their third month of gains, the dow