Tag: banking

"We want to be the Manhattan of the metaverse, a concentration of exciting brands and artists — but our vision isn't to replace reality." ... ( read original story ...)

Recent implosions in the cryptocurrency markets indicate that long-warned-about dangers of decentralised digital money are now materialising, the Bank for International Settlements has said. ( read original story ...)

The decade of currency stability has come to an end with the rising cost of necessities and dear luxuries. But the central bank seems to be determined to keep its weak yen policy. ( read original story ...)

In the face of Russia’s invasion of Ukraine and an increasingly tense situation in Asia with missile tests from North Korea and a more assertive China, Fumio Kishida has vowed to strengthen defense fu ... ( read original story ...)

The Nikkei stock average ended the day up 1.84% at 26,246.31, after gaining as much as 2.5% during the session. At the start of the week, the benchmark index had dipped to a low of 25,520.23 for the ... ( read original story ...)

TOKYO :Japanese Prime Minister Fumio Kishida said on Tuesday the central bank should maintain its ultra-loose monetary policy, brushing aside opposition calls that the policy be tweaked to target ... ( read original story ...)

Japan's government-backed Cool Japan Fund, an investment vehicle aimed at promoting the country's cultural exports and boosting inbound tourism, is attracting criticism for failing to achieve its ... ( read original story ...)

For Jeremy Fong, U.S. crypto lender Celsius was an ideal place to stash his digital currency holdings - and earn some spending money from its double-digit interest rates along the way. ( read original story ...)

Crypto lending may not be down and out, but it's certainly on the ropes. Crypto lenders have boomed over the past two years, attracting tens of billions of dollars in bitcoin, ether and other coins ... ( read original story ...)

South Korean prosecutors have banned Terraform Labs employees from leaving the country as an investigation into the company and its co-founders deepens after the $40bn implosion of its cryptocurrency. ( read original story ...)

Zach Pandl of the investment bank says that Japan, because of yield curve control, is "importing the volatility in the U.S. macroeconomy." ... ( read original story ...)

Japan is still trying to export its way out of stagnation by devaluing the yen, but it won't work. On the contrary, it may worsen the situation, as Japan is dependent on commodity imports to grow its ... ( read original story ...)

TOKYO, June 21 (Reuters) - Japan's Nikkei climbed on Tuesday after falling to a three-month low in the previous session, as investors scooped up beaten-down cyclical stocks, while U.S. futures ... ( read original story ...)

Japanese Finance Minister Shunichi Suzuki said on Tuesday that he was concerned about recent sharp yen weakening and would appropriately respond to the exchange market moves if necessary.Suzuki also t ... ( read original story ...)

As prices plunge It’s a dizzying turn of events for investments and companies that at the start of 2022 seemed to be at their financial and cultural apex. Crypto-evangelizing companies ran commercials ... ( read original story ...)

A Japanese government-backed bank is set to spend about $40 billion for sustainable purposes, and it will scrutinize the use of funds to ensure companies aren’t greenwashing. ( read original story ...)