Osaka Matsui Management say shares of Royalty Pharma rallied 59% on Tuesday in the biggest initial public offering in the U.S. this year. ( read original story ...)
Bitcoin Failed As Money, And That Is Great News For Crypto
The original use case for bitcoin might have fallen flat, but the innovation it unleashed continues to push blockchain implementation forward. ( read original story ...)
Japan’s tax revenue for FY2019 to fall below 60 trln yen – Nikkei
Japan's tax revenue for the fiscal year that ended in March 2020 will fall below 60 trillion yen ($559.02 billion) due to the novel coronavirus, Nikkei business daily reported on Wednesday. ( read original story ...)
Bank of Japan boosts its coronavirus stimulus plan to more than $1 trillion amid ‘extremely severe’ economic crash
The Bank of Japan increased its COVID-19 stimulus from 75 trillion yen ($700 billion) to 110 trillion yen ($1.02 trillion) on Tuesday. ( read original story ...)
Tokyo shares end lower on auto export slump, geopolitical tensions
Japanese stocks ended lower on Wednesday as automakers dragged following weak export data, while escalating tensions between North Korea and South Korea also doused the market sentiment. The benchmark ... ( read original story ...)
China Reveals East Asia Crypto Scheme To Rival Bitcoin, Facebook’s Libra And The U.S. Dollar
An influential group in China has revealed plans for an East Asia cryptocurrency scheme that could see a basket of currencies combined to take on bitcoin, Facebook's libra and even the U.S. ( read original story ...)
SK Biopharm highlights drugs pipeline ahead of planned $800m IPO
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 ...)