South Korean drugmaker SK Biopharmaceuticals started the run-in to its $800 million initial public offering by offering more details of its development pipeline, saying it would begin clinical trials ... ( read original story ...)
Aso rules out new probe into scandal, despite widow’s plea
Finance Minister Taro Aso again ruled out a new investigation into a document falsification scandal involving his ministry that led to the suicide of one of its officials, despite ... ( read original story ...)
Nikkei eases on auto export slump, geopolitical tensions
Japanese shares fell on Wednesday as automakers dragged on weak export data, while escalating tensions between North Korea and South Korea also doused the market sentiment. ( read original story ...)
Japan manufacturers’ mood turns gloomier as virus damage spreads
Worries about the deepening impact of the new coronavirus kept Japanese business confidence depressed in June, as firms braced for a prolonged global economic downturn, the Reuters Tankan survey ... ( read original story ...)
Crypto Founder Admits He Cheated Investors Out of $25 Million
The founder of a cryptocurrency firm admitted to conspiring to dupe investors into committing more than $25 million to the enterprise by lying about an initial coin offering. ( read original story ...)
Exclusive: Borrowing Dollars Against Bitcoin And Crypto Is About To Get A Lot Easier
San Francisco-based crypto custodian Anchorage has teamed up with crypto-friendly lender Silvergate to offer bitcoin and crypto-backed loans without the digital assets having to leave Anchorage's ... ( read original story ...)
Zoom caught in China censorship crossfire as meetings foiled
Video app company Zoom says that it blocked several meetings and suspended the accounts of three activists at the request of the Chinese government. The company released details ... ( read original story ...)
Japanese stocks surge on central bank boosts, U.S. stimulus hopes
Japanese stocks jumped on Tuesday, with the Nikkei gaining the most in nearly three months, after central banks in the United States and Japan offered measures to support corporate finances. TOKYO, ... ( read original story ...)
JGBs retreat after Nikkei jumps, BOJ keeps policy unchanged
Japanese government bond (JGB) prices broadly dropped on Tuesday as a robust rebound in Tokyo shares on U.S. Federal Reserve's bond buying programme dented the appeal of safe-haven debt investments. ( read original story ...)
Bank of Japan holds fire, pledges $1 trillion to struggling firms
The Bank of Japan kept monetary settings steady on Tuesday and stuck to its view that the economy will gradually recover from the coronavirus pandemic, signalling that it has taken enough steps to ... ( read original story ...)
Black smoke billowing from cruise ship docked near Tokyo
Black smoke was billowing Tuesday from a cruise ship docked at a port near Tokyo as dozens of firefighters and coast guard members battled to control it. The cause of the smoke was not immediately ... ( read original story ...)
Japanese shares soar as U.S. Fed widens corporate bond buying
Japanese shares gained on Tuesday, tracking an overnight surge on Wall Street after the U.S. Federal Reserve widened its corporate bond purchasing program to support financial markets. ( read original story ...)
Bank of Japan Keeps Policy Steady, Eyes Recovery From Pandemic
The Bank of Japan kept monetary settings steady on Tuesday and stuck to its view that the economy will gradually recover from the coronavirus pandemic, signalling that it has taken enough steps to ... ( read original story ...)
Bank of Japan keeps policy steady, expects to pump $1 trillion into economy via lending facilities
As widely expected, the central bank maintained its pledge to guide short-term interest rates at -0.1% and the 10-year government bond yield around 0% by a 8-1 vote. ( read original story ...)
The Government Is Playing Around With a Hybrid Crypto Dollar
The National Science Foundation has awarded $225,000 to KRNC, a blockchain startup that is designing crypto features for fiat dollars. KRNC is developing a protocol that will allow test users to make ... ( read original story ...)
India wants to ban cryptocurrencies again, and it’s making the crypto community nervous
The Indian government is inching closer to banning cryptocurrencies but crypto companies remain cautiously optimistic. ( read original story ...)