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Tag: banking

Posted on 09/08/2023

Crypto heavyweights back new cybersecurity standards after nearly $4 billion was lost to hacks in 2022

Led by CAT Labs, the initiative would create an industry norm, with support from Fireblocks, Amphibian Capital, and Lockton.

Posted on 08/08/2023

Sex Workers Took Refuge in Crypto. Now It’s Failing Them

Banks and payments companies have long penalized sex workers. Many thought crypto would be a solution, but now exchanges are dumping them too.

Posted on 08/08/2023

Apple and Samsung to Invest in SoftBank’s Arm at IPO -Nikkei

Apple, Samsung, Nvidia and Intel all plan to invest in Arm as soon as it is listed on the market, the Nikkei said. The SoftBank-owned firm will officially apply to the U.S. Securities and Exchange ...

Posted on 08/08/2023

Japan’s tech investor SoftBank trims losses and promises offensive turnaround

Japanese technology company SoftBank Group continued to rack up losses for the fiscal first quarter as technology investments soured amid a market downturn.

Posted on 08/08/2023

Japan’s SoftBank sees shock US$3.3bil first-quarter loss

TOKYO: Japanese investment giant SoftBank Group reported on Tuesday a surprise net loss of more than US$3 billion in the first quarter as it was hit by a drop in the share prices of major holdings as ...

Posted on 08/08/2023

Japan’s SoftBank sees shock $3.3 bn first-quarter loss

Japanese investment giant SoftBank Group reported on Tuesday a surprise net loss of more than $3 billion in the first quarter as it was hit by a drop in the share prices of major holdings as well as a ...

Posted on 08/08/2023

Concord Biotech IPO subscribed 14.23 times on day 3 so far, issue closes today

Concord Biotech is a homegrown R&D driven biopharma firm among the global developers and manufacturers of select fermentation-based APIs.

Posted on 08/08/2023

Indian e-commerce startup Meesho posts first-ever profit, plans IPO in 12-18 months

Indian e-commerce startup Meesho has posted its first-ever profit and is targeting a stock market listing in the next 12-18 months, a senior company executive said in an interview.

Posted on 08/08/2023

Japan shares higher at close of trade; Nikkei 225 up 0.27%

Japan equities were higher at the close on Tuesday, as gains in the Textile, Trading and Fishery sectors propelled shares higher. At the close in Tokyo, the Nikkei 225 rose 0.27%. The biggest gainers ...

Posted on 08/08/2023

Japan’s Nikkei follows Wall St higher but earnings caution caps rise

Japan's Nikkei share average rose on Tuesday, buoyed by the gains in U.S. stocks overnight, although caution prevailed as the peak for the domestic earnings season approaches. The Nikkei added 0.38% ...

Posted on 08/08/2023

Binance’s Remarkable Resilience: How China’s Crypto Ban Fueled a $90 Billion Market

Cryptocurrency offers new avenues for investment and financial inclusion. However, its meteoric rise is marred by regulatory challenges, especially in countries where authorities grapple with its ...

Posted on 08/08/2023

Japan’s Nikkei rises on Wall Street boost, but earnings caution caps gains

Japan's Nikkei share average edged higher on Tuesday, buoyed by gains for U.S. stocks overnight, although caution prevailed as the peak for the domestic earnings season approaches this week. The ...

Posted on 08/08/2023

China reportedly had ‘deep, persistent access’ to Japanese networks for months

Nikkei Asia reported that Japan was planning to add thousands of personnel to its military cyber defense unit. Now, we might know why — according to a report from the Washington Post, hackers in China ...

Posted on 08/08/2023

Lazard Sees Further Gains for Japan Banks as BOJ Tweaks Policy

Japanese lenders still have room to rise after the Bank of Japan’s surprise policy tweak last month put them among the nation’s best-performing stocks, according to Lazard Asset Management.

Posted on 08/08/2023

Japan Bank Lending Rises 2.9% On Year In July

Overall bank lending in Japan was up 2.9 percent on year in July, the Bank of Japan said on Tuesday - coming in at 605.389 trillion ...

Posted on 08/08/2023

Japan Wage Growth Slows, Backing BOJ Ultra-Easy Policy Case

Growth in Japanese workers’ wages unexpectedly slowed in June, indicating the labor market may be losing some steam and clouding prospects for the Bank of Japan’s sustainable inflation goal.

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