Japan's economic stimulus package aimed at easing the pain of the COVID-19 pandemic will require fiscal spending of over 40 trillion yen, the Nikkei reported on Friday. According to local media, Japan ... ( read original story ...)
Japan plans stimulus of $350 billion to ease pain of COVID-19, oil costs
Japan’s economic stimulus package will require fiscal spending worth 40 trillion yen ($350 billion), the Nikkei business daily reported on Friday, and a draft of the spending plan reviewed by Reuters ... ( read original story ...)
LeBron James and Naomi Osaka invest in StatusPro
Sports technology and gaming company StatusPro has announced a list of new high-profile investors, including basketball icon LeBron James and tennis star Naomi Osaka. The pair are ... ( read original story ...)
Coinbase Is Testing 1 New Feature That Will Change Who Invests In Crypto–and How
One of the world's largest cryptocurrency exchanges, Coinbase, is beta testing a new subscription-based service that would offer its members perks, such as fee-free trading. It stands to impact not ... ( read original story ...)
Toshiba plans to split into three firms, shareholder reaction in focus
Japan's Toshiba Corp outlined plans on Friday to break up into three independent companies by spinning off two core businesses - its energy and infrastructure business as well as its device and ... ( read original story ...)
Japan’s SMFG, Mizuho post surge in first-half profit as credit costs ease
Two of Japan's megabanks, Sumitomo Mitsui Financial Group Inc (SMFG) and Mizuho Financial Group Inc, on Friday reported a surge in first-half profit as the economy ravaged by the COVID-19 pandemic ... ( read original story ...)
Japan’s SBI may take a majority stake in Shinsei Bank if tender offer succeeds
SBI Holdings Inc on Friday said it would consider taking a majority stake in Shinsei Bank Ltd if it succeeds in its $1.1 billion tender offer to raise its stake in the mid-sized lender to 48% from ... ( read original story ...)
Loan broker claims he gave $260K to Japan ex-lawmaker over 6 yrs: sources
A man alleged to have played a key role in brokering coronavirus-related loans that involved a firm not registered as a money-lending busines ... ( read original story ...)
The use of crypto is not Shariah compliant and should be banned for Muslims, Indonesia’s religious authority says
But cryptoassets as commodities can be traded if they can exhibit clear benefits and can abide by the principles of Shariah, Bloomberg first reported. ( read original story ...)
$76 Billion a Day: How Binance Became the World’s Biggest Crypto Exchange
The trading platform surged by operating from nowhere in particular—without offices, licenses or headquarters. Now governments are insisting on taking some control. ( read original story ...)
Asian stocks finish week mostly higher, Nikkei 225 gains 332 points
Leading the way on Friday was the Nikkei 225 in Tokyo which made a solid 332.11 points or 1.13 percent gain, to close Friday at 29,609.97. The Australian All Ordinaries tacked on 64.60 points or 0.84 ... ( read original story ...)
Discord Didn’t Realize You’d Be So Mad Over Crypto and NFT Payments
An integrated crypto wallet seemed possible when the platform's CEO tweeted about it on Monday, but Discord has since clarified that it has no such plans. ( read original story ...)
Indonesian Islamic body forbids crypto as currency
The Indonesian Ulema Council (MUI), a top body of clerics, has ruled that using cryptocurrencies as a means of payment is unlawful in Islam, but trading of digital assets could be allowed, one of its ... ( read original story ...)
Gennadiy Golovkin, Ryota Murata agree to fight on Dec. 29 in Japan
Gennadiy Golovkin will face Ryota Murata in a middleweight title-unification fight Wednesday, Dec. 29 in Saitama, Japan, it was announced Thursday. The fight will be streamed on DAZN. Golovkin (41-1-1 ... ( read original story ...)
ING sustainable finance VP Natalia Rajewska switches to Nikko Asset Management
ING Asia Pacific sustainable finance vice president Natalia Rajewska has moved on after two and a half years with the Dutch multinational to join Nikko Asset Management. ( read original story ...)
Kevin O’Leary says his crypto holdings today are ‘almost at 10%’—here’s how he decides which to invest
During a Reddit Talk session on Thursday, "Shark Tank" investor Kevin O'Leary said that his cryptocurrency exposure is near 10%. ( read original story ...)