Tag: banking

Asian stock markets were mixed Friday after Wall Street sank following signs damage to the U.S. economy from the coronavirus is worsening while Congress is deadlocked over possible new aid. ( read original story ...)

But mainland China will be an increasingly formidable challenger in financial services in the next few years," Paulson wrote in an op-ed published on The Wall Street Journal website Wednesday. Paulson ... ( read original story ...)

SoftBank Group Corp shares surged as its paper profit from the initial public offering (IPO) of DoorDash Inc hit US$11.2bil, adding to gains from the prospect the Japanese company could attempt to go ... ( read original story ...)

Asian shares bounced back on Friday as progress on COVID-19 vaccines boosted investor sentiment, but tricky Brexit negotiations and U.S. stimulus talks capped gains in riskier assets. ( read original story ...)

The practice of cross-holdings is largely unique to Japan, where it emerged after the war to cement ties with friendly owners and keep more demanding shareholders at bay. “There is a bedrock,” said ... ( read original story ...)

Japan's Cabinet has decided to spend 385.6 billion yen ($3.71 billion) in emergency budget reserves to back the country's domestic travel campaign, the Ministry of Finance said on Friday. ( read original story ...)

Nippon Telegraph and Telephone has raised ¥1trn (US$9.6bn) in the biggest bond offering in the Japanese domestic market, doubling the previous record. TOKYO, December 11 (IFR) - Nippon Telegraph and ... ( read original story ...)

Stocks were mostly lower Thursday in Asia after weakness in technology companies' shares led an overnight decline on Wall Street. Benchmarks fell in Tokyo, Hong Kong and Sydney but edged higher in ... ( read original story ...)

One impediment to this has been the fragmentation of the industry. Currently, there are thousands of tokens in the market, each spread across hundreds of exchanges with different user interfaces and ... ( read original story ...)

Software developers are flocking back to the cryptocurrency world at a level not seen since the market last peaked three years ago. ( read original story ...)

Silvergate Capital has developed infrastructure that makes it very attractive for crypto exchanges and institutional traders in the space. ( read original story ...)

The SEC subpoenas the former owner's bank accounts to find out what happened to investments into Crypto Traders Management. Dissolved limited liability company Crypto Traders Management is seeing its ... ( read original story ...)

Japan’s biggest banks have a $44 billion problem: how to sell stakes in their most important clients without losing their business. ( read original story ...)

State Street Corp. and S&P Global Inc. participated in a $15 million funding round for Lukka Inc., giving a boost to the U.S. cryptocurrency software and data provider that’s already working on a ... ( read original story ...)

SoftBank Group Corp. shares surged as its paper profit from the initial public offering of DoorDash Inc. hit $11.2 billion, adding to gains from the prospect the Japanese company could attempt to go ... ( read original story ...)

The spread of the novel coronavirus may have slowed economies and closed many businesses worldwide, but it hasn't been a damper on a newly opened Tokyo sauna that caters to solo customers. The ... ( read original story ...)