Cryptocurrency markets nursed heavy losses on Thursday, with bitcoin pinned near a two-year low as investors fretted about the fallout from the implosion of crypto exchange FTX.
Crypto Is Crashing. This Time, Blame FTX and Sam Bankman-Fried
Crypto experienced one of its worst days ever on Wednesday in the wake of the stunning collapse of the FTX exchange, a platform once hailed as one of crypto’s foremost success stories.FTX faces ...
Sequoia Capital says it’s marking its investment in FTX down to $0 as a liquidity crunch threatens to put the crypto exchange into bankruptcy
Sequoia wrote to its investors after Binance U-turned on acquiring FTX, citing issues "beyond our control or ability to help." ...
Binance backs out of FTX rescue, leaving the crypto exchange on the brink of collapse
The reversal comes one day after Binance CEO Changpeng Zhao announced that the world’s largest cryptocurrency firm had reached a non-binding deal to buy FTX’s non-U.S. businesses for an undisclosed ...
Japanese shares fall on sell-off after disappointing forecasts by heavyweights
Japanese shares fell on Thursday, tracking Wall Street losses overnight, as heavyweights Honda Motor and Sumitomo Rubber dropped on disappointing forecasts. The Nikkei lost 0.98% to close at 27,446.10 ...
Disney+ makes gains in Japan by banking on anime, echoing its competitors
However, a bright spot for its namesake streaming service was its share of the Japan market, where it muscled into third place, knocking out Nippon TV’s Hulu. Amazon Prime Video boasts around 16.5 ...
Japan, US hold joint arms drills amid China, N Korea worry
Japan and the United States began a major joint military exercise Thursday in southern Japan as the allies aim to step up readiness in the face of China’s increasing assertiveness and North Korea’s ... ( read original story ...)
Biden to discuss North Korea nuclear threat with Japan, South Korea leaders
President Joe Biden will meet Prime Minister Fumio Kishida of Japan and South Korean President Yoon Suk-Yeol during an upcoming trip to Asia to discuss how to stem North Korea's nuclear program, a ... ( read original story ...)
Yen Speculators Bow to Japan’s Stealth Strategy as CPI Looms
Japan is enjoying some success in its battle with speculators targeting the enfeebled yen and the central bank’s stubborn grip on yields, but more tests lie ahead. ( read original story ...)
Nikkei, Hang Seng falls over 1% ahead of US CPI data, crypto worries mount
MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.6 percent in early trade, dragged lower by outsized declines in China's bluechips and Hong Kong's Hang Seng index.
Why the price tag for a 2030 Winter Games in Sapporo just shot up more than $100 million
Salt Lake City’s only remaining rival for the 2030 Winter Games now expects to spend as much as $2.17 billion to host if they’re the International Olympic Committee’s pick, a $116 million increase ... ( read original story ...)
Tokyo seeks ‘constructive and stable’ relations with China as it pushes for Fumio Kishida-Xi Jinping meeting
Tokyo and Beijing are celebrating 50 years of normalising diplomatic relations this year, but a face-to-face meeting between the leaders of the two nations has not been held since 2019. ( read original story ...)
Asian Stocks to Fall Amid Crypto Slump, Before CPI: Markets Wrap
Equity futures in Japan and China declined while Australian stocks fell. The S&P 500 slumped, ending a three-day advance. Earnings from Walt Disney Co. and News Corp. disappointed. The dollar held ...
Japan’s Nikkei retreats from two-month high as Nintendo, energy stocks weigh
Japan's Nikkei closed lower on Wednesday, after hitting a near two-month high in the last session, as Nintendo dropped on poor earnings, with cautious investors now awaiting U.S. inflation data to ...
Asia-Pacific markets set to fall ahead of U.S. inflation data
Shares in the Asia-Pacific are poised to fall Thursday ahead of U.S. CPI data and a day after U.S. midterm results.
Japan companies hold firm on capex plans with focus on tech- Reuters poll
A majority of Japanese firms plan to focus their capital spending on technology next year, with investment plans largely unaffected by a plunge in the yen, a Reuters monthly poll showed. While overall ... ( read original story ...)