Japanese furniture retailer Nitori Holdings Co said on Thursday it plans to launch a $2 billion counter bid for home improvement retailer Shimachu Co. Nitori said it would pay 5,500 yen per share for ... ( read original story ...)
MS&AD to use Tractable’s AI across Japan to accelerate recovery from auto accidents
MS&AD, one of the world's largest property and casualty insurers*, is to use AI to accelerate how it processes auto claims, speeding ... ( read original story ...)
Bill Hinman, who spearheaded the SEC’s early crypto policies, is leaving the commission
Hinman's commentary on the status of cryptocurrencies and the Howey Test was particularly critical to regulation surrounding ICOs. ( read original story ...)
South Korea expresses ‘serious concern’ over any Japanese radioactive water dump
South Korea expressed alarm on Thursday about the possibility that Japan will dump more than one million tonnes of contaminated water from the tsunami-damaged Fukushima nuclear power plant into the ... ( read original story ...)
Tokyo stocks bleed for fourth day on mounting pandemic fears
Tokyo stocks lost ground for the fourth straight session Thursday ... heavy selling pressure stemming from their hefty operating loss estimates for the current business year ending next March. Among ... ( read original story ...)
Japan’s IR plans may be delayed, but PM confirms the push is on
New Japanese Prime Minister Yoshihide Suga tells legislators there are no plans to cancel the country’s integrated resorts project. ( read original story ...)
Crypto Exchange FTX to Trade Top Stocks From Tesla to Amazon
Cryptocurrency traders will soon be able to trade tokenized shares of some of the world’s largest companies like Apple Inc. and Amazon.com Inc. Crypto exchange FTX, in partnership with German ... ( read original story ...)
Coinbase launches crypto debit card in U.S. with 1% Bitcoin reward
Owning cryptocurrencies like Bitcoin has long come with a drawback: There are few practical opportunities to spend them since so few merchants accept them and, for those stores that do, transactions ... ( read original story ...)
Tesla meets crypto as FTX launches fractionalized stock trading
Major cryptocurrency derivatives exchange FTX has launched trading in “fractional stocks offerings” — tokenized products representing the shares of global firms. The products were launched on Oct. 29 ... ( read original story ...)
WeWork’s New CEO Is Eyeing an IPO Again — After He Turns Profit
WeWork is on track to turn profitable in 2021 and will then revisit plans for an initial public offering, Chief Executive Officer Sandeep Mathrani said, a year after the startup’s IPO fiasco prompted ... ( read original story ...)
Tokyo’s Nikkei Closes Down For Fourth Straight Session
Tokyo's benchmark Nikkei index closed down for a fourth consecutive session Thursday, extending falls on Wall Street on rising concerns over escalating coronavirus cases in the northern hemisphere. ( read original story ...)
BOJ Stands Pat, Says Japan’s Economy Recovering Gradually
TOKYO—The Bank of Japan kept monetary policy unchanged Thursday and maintained its view that the Japanese economy is gradually recovering from the impact of the coronavirus pandemic. “Japan’s economy, ... ( read original story ...)
Japan’s central bank keeps monetary policy unchanged, lowers growth, inflation forecasts
TOKYO, Oct. 29 (Xinhua) -- The Bank of Japan (BOJ) on Thursday lowered its economic growth and inflation forecasts for the current business year through March, although kept its ultra-loose monetary ... ( read original story ...)
Bank of Japan cuts growth forecast but flags policy pause on recovery prospects
The Bank of Japan has today trimmed its economic and price forecasts for the current fiscal year but offered a more upbeat view on the recovery outlook, signalling that it has delivered enough ... ( read original story ...)
Hokkaido raises alert level as new COVID-19 cases spike again
Hokkaido Prefecture upped its alert level for the novel coronavirus for the first time on Oct. 28 as new cases surged on Japan's northernmost main island, a popular tourist destination. The alert ... ( read original story ...)
Panasonic second-quarter profit beats estimates on boost from Tesla battery business
Panasonic Corp reported an 11% increase in second-quarter operating profit on Thursday, beating analyst estimates, helped by solid performance from its Tesla Inc battery business. Panasonic, the main ... ( read original story ...)