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Category: FINANCE

Posted on 07/10/2021

‘Kishida shock’ to stocks shows fear Japan will slide on reforms

They fear market-driven corporate governance reforms and structural changes to the country's economy will stall or even backslide to the "bad old days" of Japanese industrial policy prior to the 1990s ... ( read original story ...)

Posted on 07/10/2021

Japan to sell 27per cent of Japan Post to raise reconstruction funds

Japan will this month sell up to 1.03 billion Japan Post Holdings shares, which at Wednesday's closing price would be worth 952 billion yen (US$8.52 billion), a filing showed, to help with rebuilding ... ( read original story ...)

Posted on 07/10/2021

Olympic Cyclist Elinor Barker Reveals She Competed (and Won!) in Tokyo Games While Pregnant

British cyclist Elinor Barker is revealing new details about her time at the Tokyo Olympics. The 27-year-old, who won a silver medal in the women's team pursuit track cycling event, shared Tuesday ... ( read original story ...)

Posted on 07/10/2021

Metaverse Heats Up: How Axie Infinity’s $30B Valuation Led Crypto Game Frenzy

Axie Infinity, the most popular crypto-based game and blockchain-using metaverse project, hit a $30 billion valuation. Its native token AXS rose past $110 this weekend, and it is currently trading at ... ( read original story ...)

Posted on 07/10/2021

Billionaire investor David Einhorn says he doesn’t have a strong view on crypto as the lack of regulation makes it ‘too difficult’

I don't have a strong view that this is some enormous waste or this is some phenomenal opportunity,' Einhorn said. ( read original story ...)

Posted on 07/10/2021

Indian crypto exchange CoinSwitch Kuber valued at $1.9 billion

CoinSwitch Kuber, an Indian crypto exchange, raised $260 million at a $1.9 billion valuation co-led by Andreessen Horowitz and Coinbase Ventures.Why it matters: All crypto investments are done against ... ( read original story ...)

Posted on 07/10/2021

Japan: PHC prices downsized IPO at bottom of marketed range

Japanese medical devices maker, PHC Holdings, has priced a downsized IPO at the low end of the indicated price range of ¥3,250– ¥3,500 to raise ¥71.8bn (US$640m), according to IFR. The company had ... ( read original story ...)

Posted on 06/10/2021

China’s Crypto Companies Are Scrambling

Hi all, this is Zheping in Hong Kong. Crypto holders have long tried to call China’s bluff on Bitcoin. That’s looking like a bad bet. But ... ( read original story ...)

Posted on 06/10/2021

GOP lawmaker introduces bill to provide legal clarity for crypto industry

Rep. Patrick McHenry (R-N.C.), a noted friend in Congress of the cryptocurrency industry, introduced a new bill Tuesday that aims to provide a framework for nascent digital token networks.State of ... ( read original story ...)

Posted on 06/10/2021

KKR-Backed PHC Holdings Plans $740.6 Million Initial Public Offering

By Kosaku Narioka KKR & Co.-backed PHC Holdings Corp. said it plans to sell shares worth 82.55 billion yen ($740.6 million) in an initial ... ( read original story ...)

Posted on 06/10/2021

Nikkei extends losing streak to 8 days, 1st time since 2009

Japan's Nikkei stock benchmark ends lower on Oct. 6, extending its losing streak to eight days for the first time since July 2009, as sentiment was hurt by deepening uncertainty over the global ... ( read original story ...)

Posted on 06/10/2021

CryptoCodex Live: Understanding Bitcoin Trends And The Latest Crypto Price Moves

Sign up now for Forbes' CryptoCodex Live and understand the trends buffetting the bitcoin price and wider crypto ... ( read original story ...)

Posted on 06/10/2021

India’s cryptocurrency platform CoinSwitch Kuber raises over $260 mln

Indian cryptocurrency exchange CoinSwitch Kuber said on Wednesday it had raised over $260 million at a valuation of $1.9 billion, underscoring the rise in popularity of crypto trading in the country ... ( read original story ...)

Posted on 06/10/2021

Gary Gensler says the SEC won’t bring in a China-style crypto ban, but Congress could

Many of these tokens do meet the tests of being an investment contract or a note or some other form of security,' Gensler said Tuesday. ( read original story ...)

Posted on 06/10/2021

Bank of Japan’s Kuroda says country’s labour practices keep wage pressures under control

Japanese firms have no pressing need to raise wages because they retained jobs during last year's pandemic-induced economic slump, and thus do not need to fill job vacancies as quickly as US companies ... ( read original story ...)

Posted on 06/10/2021

Japan’s Shinsei Bank forms independent panel to respond to SBI takeover bid

Japan's Shinsei Bank Ltd is forming a panel of independent directors to weigh its response to a takeover bid from SBI Holdings, so as to ensure the "fairness and objectivity of the evaluation," it ... ( read original story ...)

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