The company has to return $1.2 billion in investment and pay a $18.5 million fine. Telegram’s initial bid to launch its “Gram” cryptocurrency has failed. The US Securities and Exchange Commission (SEC ... ( read original story ...)
Coronavirus delays Yahoo Japan’s merger with Line
TOKYO -- The merger of Z Holdings, parent of Yahoo Japan, and messaging app Line has stalled, the companies announced on Tuesday, citing regulatory delays caused by the pandemic. "Due in part to ... ( read original story ...)
Japan puts Taiwan and Brunei atop its business travel agenda
TOKYO -- The Japanese government plans to begin talks about restarting business travel to and from Taiwan and Brunei, Nikkei has learned. The talks could begin in July. Japanese officials ... ( read original story ...)
Tokyo shares track Wall Street higher on upbeat U.S. economic data
Japanese shares rose on Tuesday, as overnight Wall Street gains on stimulus hopes and better-than-expected U.S. economic data bolstered investors' risk appetite. The benchmark Nikkei average rose 1.76 ... ( read original story ...)
Young Blood May Fail to Curb Japan’s Support for Coal Power
(Bloomberg) -- Efforts by Japan’s popular 39-year-old environment minister to curb the government’s support for coal-fired power may be failing, a potential blow to restricting use of the ... ( read original story ...)
Bank of Japan Halts On-Site Bank Examination Due to Covid-19
The Bank of Japan won’t conduct on-site bank examinations in principle until the bank sees it’s appropriate to resume them, it said in a statement Tuesday. ( read original story ...)
Editorial: Court ruling a reminder Japan gov’t still hasn’t answered for Moritomo scandal
The Osaka District Court has ruled that the central government's failure to disclose all documents related to the cut-rate sale of public land to nati ... ( read original story ...)
Japan up nearly 2% as Asia Pacific stocks rise; China’s June manufacturing activity beats expectations
China's official manufacturing PMI for June came in at 50.9, according to data released by the country's National Bureau of Statistics (NBS). PMI readings above 50 signify expansion, while those below ... ( read original story ...)
SoftBank to Repurchase $1.9 Billion of Corporate Bonds
Japan's SoftBank Group Corp said on Monday it will repurchase up to 200 billion yen ($1.9 billion) of its domestic unsecured corporate bonds from June 30 to July 17, part of its plan to pay ... ( read original story ...)
China Crypto Miner Ebang Plans to Start Bitcoin Exchange in 2020
Chinese crypto mining giant Ebang International Holdings Inc. is planning to launch an offshore exchange for digital assets this year, hoping to expand beyond a sector that tends to boom and bust with ... ( read original story ...)
Humility Before a Fall: Your Crypto Startup Hasn’t Done Anything Yet
Dave Balter is the CEO of Flipside Crypto. His book, “The Humility Imperative,” will be released on June 30. This is a message to every cryptocurrency entrepreneur, employee, executive or ... ( read original story ...)
Tokyo’s Nikkei share average opens up 1.55 pct
Japan's benchmark Nikkei average opened up 1.55 percent at 22,335.10 on Tuesday, while the broader Topix gained 1.36 percent at 1,570.28. Reuters, the news and media division of Thomson Reuters, is ... ( read original story ...)
INTERVIEW: Cybereason CEO on Taking a Military Skillset to Corporations and the Prospect of an IPO
He applies a mindset cultivated during his time in the Israeli Defense forces, where he was trained to handle offensive ... ( read original story ...)
Ten Years After IPO, a Look Back at Tesla’s Extraordinary Decade
Tesla Inc. has grown from Silicon Valley gadfly to the world’s second-largest automaker by market capitalization in the decade since its initial public offering. It’s been a roller-coaster ride for ... ( read original story ...)
UPDATE 1-Japan’s NTT to build renewable energy business, says Nikkei
Japan’s Nippon Telegraph and Telephone (NTT) will develop a renewable energy business with its own electricity grid and is likely to invest over 1 trillion yen ($9.3 billion) by fiscal 2030, Nikkei ... ( read original story ...)
The Latest: Tokyo sees virus infections rise in nightclubs
Japan’s capital city of Tokyo reported 58 new cases of coronavirus, as the number remained at recent highs since last week and a top government official said the ... ( read original story ...)