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Category: FINANCE

Posted on 06/07/2023

Japan’s Nikkei hits one-week low; Socionext weighs after top shareholders exit

Japan's Nikkei share average touched a one-week low on Thursday, dragged down by chip-related firms as Socionext was set to hit its daily lower limit, after its biggest shareholders sold their entire stake in the fast-growing chip-design company.

Posted on 06/07/2023

Japanese Laser Fusion Company, EX-Fusion, Raises $1.8 billion yen as Seed Round with Plans to Advance Laser Fusion Research and Development

EX-Fusion announced today the close of an over-subscribed $1.8 billion yen seed-round investment designed to accelerate the commercial development of laser fusion technology. EX-Fusion has raised 130 ...

Posted on 06/07/2023

CFTC investigators conclude crypto lender Celsius, ex-CEO broke rules- Bloomberg News

Commodity Futures Trading Commission (CFTC) investigators have concluded that bankrupt crypto lender Celsius and its former CEO Alex Mashinsky broke U.S. rules before the firm's implosion, Bloomberg ...

Posted on 06/07/2023

Top Asia IPO Gainers Are in Japan as Nation Lures Global Funds

Japanese initial public offerings may keep luring buyers after having delivered the biggest gains among newly listed Asian shares this year in the world’s best-performing equity market.Most Read from ...

Posted on 06/07/2023

‘Top dog in Asia’: Nikkei’s stellar rise starts drawing big money

A tailwind behind Japanese stocks is strengthening as large foreign funds who have been avoiding the market for decades start to reach into pockets deep enough to take the Nikkei back to its 1989 peak ...

Posted on 06/07/2023

Japan’s Nikkei falls as investors lock in profits, Fast Retailing drags

TOKYO, July 5 (Reuters) - Japan's Nikkei share average fell on Wednesday as investors booked profits after a recent rally and due to a decline in Fast Retailing's shares after the Uniqlo brand owner ...

Posted on 06/07/2023

UPDATE 4-Japan’s currency diplomat says Tokyo in constant FX dialog with US

Japan communicating with U.S. on various issues - Kanda * Finance minister confirms Tokyo, Washington in close contact * Nothing to add beyond previous remarks on FX - Suzuki * Authorities look at ...

Posted on 06/07/2023

Crypto funding drops for fifth straight quarter as investors continue to pull back

Capital flowing into the industry dropped for the fifth consecutive quarter since Q1 2022 to $2.34 billion globally.

Posted on 06/07/2023

Larry Fink says ‘crypto is digitizing gold’ and that BlackRock’s Bitcoin ETF could help make the sector ‘more democratized’

BlackRock filed an application to create a spot Bitcoin ETF last month and was quickly followed by several other TradFi firms, including Fidelity. The asset manager has a near-perfect record with ...

Posted on 06/07/2023

China, Russia and their BRICS allies have a ‘medium to long term ambition’ to create a dollar rival as a currency, official says

Chinese President Xi Jinping, Russian President Vladimir Putin, Brazilian President Jair Bolsonaro, India's Prime Minister Narendra Modi and South African President Cyril Ramaphosa at a BRICS summit ...

Posted on 06/07/2023

Crypto Billionaire Cameron Winklevoss Ups Ante In Bankruptcy Dispute With Barry Silbert

Genesis Global Capital, the lending arm of Silbert’s digital assets conglomerate, filed for bankruptcy in January after making bad loans, including to FTX’s sister ...

Posted on 06/07/2023

SEC takes aim at crypto platforms as unregistered exchanges

Sarah Heaton Concannon and Abbey Foote of Quinn Emanuel Urquhart & Sullivan LLP discuss the Securities and Exchange Commission's proposed amendments to expand the definition of an "exchange" and other ...

Posted on 06/07/2023

Japan’s Nikkei slips as investors lock in profits, Fast Retailing drags

TOKYO, July 5 (Reuters) - Japan's Nikkei share average fell for a second day on Wednesday as investors booked profits after a recent rally, with Fast Retailing dragging the index after the Uniqlo brand owner posted a drop in monthly sales. The Nikkei index ...

Posted on 06/07/2023

Japan’s Nikkei ends lower on weaker heavyweights

Japan benchmark Nikkei stock index closed lower on Wednesday as weak performances by heavyweights slightly pulled down the market The

Posted on 06/07/2023

Panasonic needs four more EV battery plants, executive says

The battery arm of Japan's Panasonic will need to build four more factories to reach its target for a sharp boost in annual capacity of batteries for electric vehicles by 2031, its technology chief ...

Posted on 06/07/2023

Crypto Regulation In Africa: Here Are Seven Nations And Their Regulatory Stance In The Last Five Years

Regulatory statements about cryptocurrency adoption in Africa have transitioned at different rates between 2018 and 2023.

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