Tag: banking

Japan's state of emergency is nearing its end with new cases of the coronavirus dwindling to mere dozens. It got there despite largely ignoring the default playbook. ( read original story ...)

It’s an interesting development that suggests that large institutions are increasingly seeing digital assets as a credible alternative to traditional means of issuing and trading financial securities. ( read original story ...)

In an emergency policy meeting, the central bank also extended the deadline for a series of measures it has deployed to combat the virus fallout, including accelerated corporate debt buying, by six ... ( read original story ...)

Naomi Osaka made her name beating Serena Williams on the court. Now, she’s topped the tennis icon at another key venue — the bank. Osaka, 22, earned $37.4 million in prize money and endorsements over ... ( read original story ...)

Crypto funds were expected to do well amid the economic turmoil sparked by the pandemic. But some are sputtering in the face of risks. ( read original story ...)

Kintor Pharmaceutical wants to take on blockbuster drugs in China and the US for prostate cancer and hair-loss treatments, after getting a red-hot reception for its IPO in Hong Kong. ( read original story ...)

Japanese Finance Minister Taro Aso and Bank of Japan Governor Haruhiko Kuroda met in Tokyo, the finance ministry said on Friday, in a show of resolve to coordinate fiscal and monetary policies to ... ( read original story ...)

Aso also told reporters that it was hard to predict the outlook for the Japanese economy now considering its link to overseas economies, but added that Japan was not in a state of financial crisis. ( read original story ...)

Japan's central bank said Friday it will provide some 30 trillion yen ($280 billion) to banks for financing small and medium-size businesses battling economic hardships brought on by the coronavrius ... ( read original story ...)

Japan's core consumer prices fell for the first time in more than three years in April on an annual basis, as weak oil prices and coronavirus lockdown measures heightened deflation risks. The April ... ( read original story ...)

SoftBank Group Corp. said it will raise about 310.2 billion yen ($2.9 billion) by selling a 5% stake in its Japanese wireless subsidiary this month, the latest in a series of asset divestitures ... ( read original story ...)

Japan's central bank will create its own version of the U.S. Federal Reserve's "Main Street" lending programme to channel more money to small businesses, in a bid to keep the coronavirus pandemic from ... ( read original story ...)

It’s everyone’s dream to get paid to do nothing. Bitcoin miner Layer1 is turning that dream into reality — having figured out how to make money even when its machines are turned off. ( read original story ...)

Vlad Matveev has learnt the hard way how volatile cryptocurrency hedge funds can be. The 50-year-old Muscovite invested $250,000 last year with California-based Cryptolab Capital, which targeted ... ( read original story ...)

Vlad Matveev saw nearly 99% of his investment wiped out after the market meltdown forced Cryptolab Capital to shut its doors. ( read original story ...)

Fiat-backed stablecoins often find themselves in an impossible position because the lack of bank cooperation means that they cannot have the transparency that regulators and investors rightly demand. ( read original story ...)