Category: FINANCE

Japan's SBI Holdings said on Wednesday it would extend the period of its $1.1 billion tender offer bid for Shinsei Bank Ltd to Dec. 8, acquiescing to the bank's request for a 60-day extension. TOKYO, ... ( read original story ...)

Japan's struggle to emerge from the pandemic-induced doldrums will leave next prime minister Fumio Kishida with little choice but to maintain massive fiscal and monetary support for a fragile economy. ( read original story ...)

Former foreign minister Fumio Kishida won a ruling Liberal Democratic Party (LDP) leadership race on Wednesday, a victory that virtually ensures he will become Japan’s next prime minister within days. ( read original story ...)

Kishida’s inbox is brimming with stimulus and a looming general election. Then, he gets to relax with China tensions and a demographic time bomb. ( read original story ...)

TOKYO (Reuters) -Japanese prosecutors asked a Tokyo court on Wednesday to send former Nissan Motor executive Greg Kelly to prison for two years for his alleged part in helping Carlos Ghosn, the ... ( read original story ...)

Switzerland's financial markets supervisor said on Wednesday it had approved the country's first fund that invests primarily in crypto assets. ( read original story ...)

Tesla chief Elon Musk on Tuesday said the government should steer clear of trying to regulate the crypto market. ( read original story ...)

Asia-Pacific stocks fell in Wednesday trade, with Japan's Nikkei 225 dropping more than 2%. Elsewhere, Hong Kong-listed shares of China Evergrande Group surged 10.11% after the developer announced it ... ( read original story ...)

The contest to lead Japan's ruling Liberal Democratic Party went to a runoff after the first round of voting failed to produce a majority winner, leaving two former foreign ministers -- Taro Kono and ... ( read original story ...)

Kishida’s victory caps an unpredictable Liberal Democratic Party election, in which two of the four candidates were female and most of the party’s largest factions allowed their members a free vote. ( read original story ...)

SYDNEY, NSW, Australia - Stocks in Asia mostly traded well into the red on Wednesday. The continuing uncertainty of China Evergrande, disappointing consumer confidence data in the U.S., and rising ... ( read original story ...)

A former banker from Hiroshima, Kishida spearheaded Japan's effort to realise U.S. President Barack Obama's historic 2016 visit to the city devastated by U.S. bombing seven decades earlier. Asked ... ( read original story ...)

But during the five years from 2013, China’s spending in overseas development finance program stood at $85.4 billion a year on average while the U.S. spending was $37 billion and Japan’s $25 billion, ... ( read original story ...)

Japan's Government Pension Investment Fund (GPIF) will not invest in Chinese government bonds due to settlement and liquidity issues, even after they will be included in a major bond index next month, ... ( read original story ...)

The race to become Japan’s next prime minister is down to a two-way race between vaccine czar Taro Kono and former Foreign Minister Fumio Kishida, after no candidate secured an outright majority in a ... ( read original story ...)

Concerns over US default, a sharp fall in US stocks overnight and worries over the slowing global economy may hit domestic stocks when the market opens for trading on Wednesday. Asian markets have ... ( read original story ...)