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Category: FINANCE

Posted on 08/11/2023

Magnificent wooden canopy to be symbol of 2025 Osaka Expo

OSAKA--A ring-shaped wooden roof with a circumference of 2 kilometers will be erected using traditional techniques at the 2025 Osaka Kansai Expo. The canopy, which will protect visitors to ...

Posted on 08/11/2023

IPO No Go: All Four Recent Blockbuster Debuts Are Now Trading Below Debut Price

Shares of automated marketing firm Klaviyo closed below their initial public offering price for the first time in the stock’s brief history, becoming the latest high-profile IPO to fall flat in ...

Posted on 08/11/2023

Japan stocks lower at close of trade; Nikkei 225 down 0.26%

Japan stocks were lower after the close on Wednesday, as losses in the Fishery, Banking and Marine Transport sectors led shares lower.At the close in Tokyo, the Nikkei 225 declined 0.26%.The best ...

Posted on 08/11/2023

Foreigners’ bank accounts used in fraud in Japan triple since 2020

Police in Osaka Prefecture, western Japan, have reported a surge in the misuse of bank and other accounts held by foreign nationals in phone scams, nearly tripling over the past three years.

Posted on 08/11/2023

$463 mil. in unsecured COVID loans in Japan irrecoverable, total may hit $6.64 bil.

A total of 69.7 billion yen (about $463 million) in unsecured financial assistance provided by government-affiliated financial institutions t・・・ ...

Posted on 08/11/2023

Japanese Megabank Mitsubishi UFJ Teams up with Crypto Exchange for Stablecoin Project

The Japanese banking giant Mitsubishi UFJ will join forces with one of the nation’s biggest crypto exchanges for a new stablecoin offering.

Posted on 08/11/2023

Japan’s Nikkei rises on corporate earnings outlook, Nintendo shines

Japan's Nikkei share average rose on Wednesday, tracking Wall Street's strong finish overnight and as investors scooped up Nintendo and other stocks with strong earnings outlook.

Posted on 08/11/2023

With Sam-Bankman Fried facing life in jail, the crypto industry is ready to move on

Now that a guilty verdict has put an end to the FTX saga, builders and investors shaping the future of crypto are ready for a new chapter.

Posted on 08/11/2023

KKR Looks to More Carve-Outs in Japan After Kokusai’s IPO

KKR expects to buy other units from Japanese conglomerates after listing Kokusai Electric in Tokyo's stock exchange last month, KKR's CFO Robert Lewin says during an earnings call. The stock of the ...

Posted on 08/11/2023

‘Massive Calamity’—BlackRock And The U.S. Government Could Be About To ‘Kill’ Bitcoin Amid Huge Ethereum, XRP And Crypto Price Rally

Legendary bitcoin and crypto trader Arthur Hayes has warned that bitcoin and crypto could be sleepwalking toward "massive calamity," warning BlackRock and the U.S. could be about to "kill"

Posted on 08/11/2023

Crypto products see $767 million net inflows, highest since 2021 bull market

A new CoinShares report says the net capital inflow into crypto in the last six weeks has eclipsed the total from all of 2022.

Posted on 08/11/2023

IT Pros in Australian Crypto Need to Brace for Regulation

Australia is moving towards regulating cryptocurrency, with a focus on those involved in developing and maintaining crypto platforms.

Posted on 08/11/2023

Coinbase adds former defense secretary, congresswoman amid crypto scrutiny

Trading platform Coinbase said Tuesday that it has added four Washington, D.C., heavyweights at a tense moment for the cryptocurrency industry. Former Defense Secretary Mark Esper and former Rep. Stephanie Murphy (D-Fla.

Posted on 07/11/2023

The biggest unknowns facing investors in 2024: Morning Brief

Sure, we have seen initial impacts to credit card delinquencies (they are rising) and the housing market (mortgage rates near 8% are driving a slowdown, which has even spread to appliances), but by ...

Posted on 07/11/2023

Asia-Pacific markets set to fall ahead of China trade data, RBA rate decision

Asia-Pacific markets are set to fall ahead of trade data coming out of China, as well as a rate decision by the Reserve Bank of Australia.

Posted on 07/11/2023

Politicians in Japan will continue to watch the USD/JPY exchange rate nervously – Commerzbank

On Monday, USD/JPY climbed back above the 150 level. Economists at Commerzbank analyze the pair’s outlook. At present uncertainty as to whether the Fed really will initiate a rate cut cycle in ...

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