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Tag: banking

Posted on 25/10/2022

Larry Summers has his eye on the plunging yen, as investors puzzle over Japan’s latest move in the reverse currency war

"If Japanese interest rates start to change, that could be a pretty big deal," former Treasury Secretary Larry Summers told Bloomberg TV.

Posted on 24/10/2022

Roundup: Japan’s Nikkei ends higher, yen remains weak despite possible intervention

Japan's benchmark Nikkei stock index closed higher Monday following Wall Street's gains late last week, as investors speculated the U.S. Federal Reserve may adopt a less hawkish stance on its monetary ...

Posted on 24/10/2022

Dollar defies another suspected intervention from Japan

A blast of suspected intervention by the Bank of Japan (BOJ) on Monday to shore up the yen did little to tame the strength of the dollar, while the pound rose as former finance minister Rishi Sunak ...

Posted on 24/10/2022

Freeway, Crypto Platform That Promised 43% Returns, Halts Withdrawals

Sadie Hutton, founder and co-CEO of Freeway, the UK-based crypto platform that halted withdrawals on Sunday. Screenshot: Freeway / YouTube Freeway, a UK-based crypto platform that promised annual ...

Posted on 24/10/2022

Japan stocks higher at close of trade; Nikkei 225 up 0.31%

Japan stocks were higher after the close on Monday, as gains in the Precision Instruments, Mining and Electrical/Machinery sectors led shares higher. At the close in Tokyo, the Nikkei 225 gained 0.31% ...

Posted on 24/10/2022

Japan Ruling Party Indicates Stimulus to Total Around $174 Billion -Kyodo

Japanese ruling party secretary general Toshimitsu Motegi indicated on Monday that a planned economic spending package aimed at cushioning the blow from rising living costs will total around 26 ...

Posted on 24/10/2022

Poll Shows Most Japanese Want BOJ Policy Review Amid Weak Yen

A poll showed more than half of Japanese want the Bank of Japan’s ultra-easy monetary policy reviewed as the yen struggles close to a three-decade low against the dollar, worsening inflation on ...

Posted on 24/10/2022

Japan govt will take action in forex market when needed, finance minister says

The Japan government would take necessary action to prevent what he described as excessive fluctuations in the currency market.

Posted on 24/10/2022

Finding the path that leads to crypto maturity

To attract sustained interest in crypto we need to jump off the Ferris wheel of speculation and onto an industry’s path of purpose.

Posted on 24/10/2022

Japan’s Nikkei rises on bets for robust earnings, less hawkish Fed

Japan's Nikkei share average rose above the key 27,000 level on Monday, buoyed by speculation of a slightly less hawkish Federal Reserve, and as a weak yen boosted the outlook for earnings. The Nikkei ...

Posted on 24/10/2022

Asia-Pacific markets set to rise; Japan’s yen weakens despite reports of intervention

Asia-Pacific shares are poised to rally after U.S. stocks soared on Friday on a report that some Fed officials are concerned about tightening policy too much.

Posted on 24/10/2022

Japan finance minister declines to say whether government intervened to prop up yen

Japanese currency authorities declined on Monday to confirm whether the government had intervened in the currency market on Friday, signalling their determination to engage in a war of nerves with ...

Posted on 24/10/2022

This Week on Crypto Twitter: Ripple Wrenches SEC Documents Loose, Mango Markets Hacker Tweets Trading Tips

Over on crypto Twitter, everybody was talking about the Ballon d’Or, an annual French soccer award for male players. As you can see below, they were giving out Ledger hardware wallets instead of ...

Posted on 24/10/2022

SBF Addresses Backlash, Revises His Crypto Standards Proposal

"Thanks particularly to everyone who highlighted the core of crypto: economic freedom," FTX CEO Sam Bankman-Fried wrote.

Posted on 24/10/2022

Crypto Means Absolutely Nothing Without Censorship Resistance

The battle for how to regulate cryptocurrency might handicap the entire value proposition if we simply apply the same old rules to a new way of moving money around.

Posted on 24/10/2022

PM’s Japan visit: Dhaka to seek more investment, financing for big projects

Bangladesh will seek Japan's "stronger engagement" in its development efforts through "investment and financing" in major projects during Prime Minister Sheikh Hasina's forthcoming visit to Japan ...

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