How's the global crypto community coping during the COVID-19 crisis? Jeff Wilser checks in with groups in seven locations. ( read original story ...)
Japan central bank, government signal more steps to ease funding strains
The Bank of Japan will do "whatever it can" to mitigate the growing fallout from the coronavirus pandemic, Governor Haruhiko Kuroda said on Tuesday, warning that a collapse in global activity has had ... ( read original story ...)
Japanese Bank Resona to Cut Headcount by 3,100 Over Three Years
Resona Holdings Inc. plans to trim headcount by about 3,100 staff, or almost 10% of its workforce, over three years as the Japanese bank seeks to cut costs to offset dwindling lending profits. ( read original story ...)
Cambodia’s stock market marks a milestone amid crisis
These include Japanese firms Sumitomo Mitsui Banking Corp. and Orix ... Han Kyung Tae, managing director of Yuanta Securities (Cambodia), the underwriter, said the IPO had been impacted by the ... ( read original story ...)
Kuroda says Bank of Japan will do ‘whatever it can’ to beat pandemic fallout
Bank of Japan Governor Haruhiko Kuroda said on Tuesday the central bank would do "whatever it can" to combat the growing fallout from the coronavirus pandemic, warning that a collapse in global ... ( read original story ...)
Mazda seeks $2.8B loan from Japanese banks, Nikkei says
Mazda Motor Corp. requested a $2.8 billion loan from Japanese banks amid a plunge in demand for vehicles and plant shutdowns, Nikkei reported on Saturday. ( read original story ...)
Deflation Risk Generating Growing Concern at Bank of Japan
Bank of Japan board members are increasingly concerned that Japan could slip back into deflation, according to a summary of viewpoints from the April policy meeting. ( read original story ...)
Crypto Bank Partnership Intensifies Digital Asset Competition
SEBA Bank AG, a new Swiss based crypto focused bank that recently received its banking license has announced a partnership with Tokensoft AG, a new Swiss subsidiary of Tokensoft, a U. S. based ... ( read original story ...)
WeWork v. SoftBank: A $3 billion battle involving two ailing companies that were on top of the world 9 months ago
Who could possibly blame SoftBank for walking away last month from its $3 billion tender offer for WeWork shares? Still, the Chinese conglomerate could face an uphill battle in its fight to get out of ... ( read original story ...)
Naotsune Alliance Proposes a New Regional Investment Forum
Naotsune Alliance, a financial advisor for the world of business that provides discretionary investment advisory services for individual clients, wealthy families, institutional investors and ... ( read original story ...)
Japan Moves to Limit Foreign Investment in Half of Listed Firms
Japan detailed an array of companies that will be subject to new rules restricting foreign investment, moving to protect industries it says are core to national security from the influence of foreign ... ( read original story ...)
Indonesian mobile POS startup Cashlez raises $5.8 million in IPO
JAKARTA -- Indonesia-based mobile point-of-sale (mPOS) startup Cashlez Worldwide Indonesia has raised $5.8 million in an IPO. Cashlez, which provides a mobile point-of-sale ... In 2019, the startup ... ( read original story ...)
Lotte Chief Pursues Hotel Lotte IPO to Gain Leverage
Lotte Group Chairman Shin Dong-bin is expected to accelerate the initial public offering (IPO) of Hotel Lotte to tighten his grip on the remaining South Korean control on Lotte Hotel. The Hotel Lotte ... ( read original story ...)
Tokyo shares end at 2-month peak as lockdown-exit hopes spur cyclicals
Japanese stocks closed at a two-month high on Monday as more countries prepare to reopen businesses from coronavirus-induced lockdown and on positive cues from Wall Street. Highly cyclical air ... ( read original story ...)
Japanese telco SoftBank sees full-year operating profit stable at $8.6 billion
Japanese telco SoftBank Corp on Monday forecast operating profit for the current financial year at 920 billion yen ($8.6 billion), largely unchanged from a year earlier. Japan's third-largest wireless ... ( read original story ...)
Japan Set to Limit Foreign Investing in Half of Listed Firms
Japan detailed an array of companies that will be subject to new rules restricting foreign investment, moving to protect industries it says are core to national security from the influence of foreign ... ( read original story ...)