Prime Minister Fumio Kishida has told his Cabinet ministers to increase Japan's defense budget to around 2% of gross domestic product in the year starting April 2027. Kishida gave those instructions ...
Japan PM wants defence spending to double to 2% of GDP to counter China
TOKYO: Japanese Prime Minister Fumio Kishida instructed ministers to double defence spending to about 2 per cent of gross domestic product in five years, the defence minister said on Monday (Nov 28), ...
Crypto will survive the FTX collapse – but more scandals will follow
Bitcoin and ethereum prices have plummeted, but it is unlikely the US will ban cryptocurrencies soon ...
Mark Mobius Sees Bitcoin Down at $10,000 in ‘Dangerous’ Crypto Market
The crypto rout has room to run, according to veteran fund manager . The co-founder of Mobius Capital Partners LLP said in an interview Monday in Singapore that his next target for Bitcoin is $10,000 ...
Japan’s Nikkei ends lower as chip issues dragged down by U.S. peers, firm yen weighs
Japan's benchmark Nikkei stock index closed lower on Monday as chip-related issues followed their U.S. peers lower and a firmer yen dented exporter shares. The 225-issue Nikkei Stock Average lost 120.
Japan stocks lower at close of trade; Nikkei 225 down 0.43%
Japan stocks were lower after the close on Monday, as losses in the Rubber, Electrical/Machinery and Steel sectors led shares lower. At the close in Tokyo, the Nikkei 225 fell 0.43%. The best ...
Bank of Japan loses $6 billion on bond holdings
The Bank of Japan reported an unrealized loss on its Japanese government bond holdings for the first time in more than 16 years, reflecting the sharp rise in yields.
Fresh Off The Block: Singapore amongst top most impacted countries by FTX’s collapse alongside South Korea and Japan
Singapore makes up 5% of FTX’s global traffic with 241,675 monthly average unique users on the exchange and is the second most impacted country by the exchange’s demise. In recent times, Singapore ...
Nervous auditors turn up the heat on crypto clients
Fried’s crypto empire, and the spotlight it put on the auditors that signed off on his books, has prompted small audit firms to re-examine their work for businesses in the nascent industry. Several US ...
Bahamas: We Are A ‘Place of Laws,’ Stop Saying We Lack Crypto Regulations After FTX
Learn how smart money is playing the crypto game. Subscribe to our premium newsletter - Crypto Investor. "We have been shocked at the ignorance of those who assert that FTX came to the Bahamas because ...
Young Crypto Founder Shocks Industry With Sudden Death at 30 in His Sleep
Tiantian Kullander, the influential young founder of cryptocurrency company Amber Group, died suddenly in his sleep on Nov. 23, the company confirmed. The group had just received a $3 billion ...
Japan’s Nikkei slips amid China COVID worries; tech shares slide
Japan's Nikkei share average slid for a second straight session on Monday, as protests in China over renewed COVID-19 clampdowns hurt investor sentiment, while tech stocks declined in line with their ...
Japan successfully propels steam-powered spacecraft
PLUS: Criminal probe of Singapore crypto exchange; Bosch invests in China R&D; $2B APAC datacenter fund formed; and more Asia In brief Japan's space agency has successfully used water to propel a ...
Europe: FTX-style crypto crash won’t happen here
The cryptocurrency world is reeling after the collapse of crypto exchange FTX — but EU policymakers are patting themselves on the back. FTX was the world's third-largest exchange where people could ...
Lawyers see crypto regulation coming in 2023 because industry needs to rebuild trust
Given the scale of the damage from the bankruptcies of FTX, Celsius and Voyager, legal frameworks for the crypto industry could come next year.
Japan’s Nikkei sinks as China COVID worries weigh; tech shares slide
Japan's Nikkei share average slid for a second day on Monday, as protests in China over renewed COVID-19 clampdowns hurt investor sentiment, while tech stocks fell in line with Wall Street peers. The ...