Tag: banking

Japanese shares hit a more than 29-year high on Wednesday, as investors remained hopeful of a swift global economic recovery from the COVID-19 pandemic on vaccine-related developments. TOKYO, Nov 11 ... ( read original story ...)

New Prime Minister Suga wants to cut greenhouse gases to zero by 2050. That’s ominous for MUFG, Mizuho and peers, who provided more than $150 bln in loans and underwriting for fossil fuels over five ... ( read original story ...)

Japan's Nikkei share average on Monday reached a high last seen almost three decades ago, after Joe Biden clinched the U.S. presidency, with Honda Motors leading gains among carmakers on strong ... ( read original story ...)

The Bank of Japan will exempt regional banks from negative rates if they agree to merge or cut costs in a highly unusual use of monetary policy to reshape the financial sector. Regional banks with ... ( read original story ...)

The Bank of Japan said that it would introduce a new deposit facility to support regional banks, whose profits have been hurt by Japan’s longtime low-interest-rate policy. ( read original story ...)

Losses from cryptocurrency thefts, hacks, and fraud declined to $1.8 billion for the first 10 months of the year compared with last year, but crime in the hot "decentralized finance" sector rose, ... ( read original story ...)

The recent surge in DeFi makes the industry is an attractive target for hackers. Cryptocurrency-related crimes have slowed down in 2020, but some sectors within the crypto industry have become a new ... ( read original story ...)

Bigger rivals. New regulations. Culture conflicts. Coinbase is king of exchanges now, but can it chart the next stage of growth? ( read original story ...)

The Uber-style service, known as Full Truck Alliance, is valued at $10 billion ahead of the capital fundraising. ( read original story ...)

Nikon has announced that it will lay off 20 percent of its workforce outside of Japan by March 2022, a sign that the company is seeking to cut costs in response to a declining market. According to ... ( read original story ...)

Launch comes amid higher interest in crypto gaming. Operator pledges to launch more coins for Argentina market. Cloudbet, the pioneering crypto casino and sportsbook, has official ... ( read original story ...)

The token will give rewards to its userbase, such as lower fees on its platform as well as discounts from partners such as e-commerce retailers, streaming services and food deliveries, among others ... ( read original story ...)

Full Truck Alliance, a Chinese startup that provides an Uber-like service for the trucking industry, is being valued at $10 billion before the capital raise, according to people familiar with the ... ( read original story ...)

Japan's Nikkei share average rallied to a 29-year high on Tuesday as battered airlines, railway and department store operator shares jumped on news of progress in the development a COVID-19 vaccine. ( read original story ...)

Mizuho Financial Group Inc. will start selling information on consumers’ spending habits and other aggregated data in a bid to expand beyond the traditional lending business. ( read original story ...)

Big firms repaying loans, small firms still struggling (Recasts with breakdown on lending, context on recent trends) ... ( read original story ...)