Japan Post Bank Co. fell by a record in Tokyo on Monday morning after reporting earnings that included large paper losses on structured credit products, and forecasting a drop in profit this year.The ... ( read original story ...)
Tokyo shares rise as virus cases slow in Japan, but U.S.-China tensions weigh
Tokyo stocks edged higher on Monday as signs of a slowdown in coronavirus infections raised optimism that Japan would soon ease restrictions in additional prefectures, although escalating Sino-U.S. ( read original story ...)
Indonesia’s IPO fever cannot hide worsening economy
The odds do not favor IPO fever dominating the rest of 2020. President Joko Widodo's unsteady approach to the COVID-19 outbreak is emblematic of the problem. Jokowi came to office in 2014 with ... ( read original story ...)
Crypto Die-Hards Turn Back to Origins With Anti-Inflation Push
No matter to crypto die-hards. The future is brighter than ever, especially as central banks around the world pump cash into listing economies, threatening a wave of inflation if growth were to snap ... ( read original story ...)
SoftBank Vision Fund strategy under scrutiny as deals stall
TOKYO -- SoftBank Group founder and Chairman ... "Most companies that had planned to exit in the near term, whether through acquisition or IPO, are likely changing or delaying their plans ... ( read original story ...)
This Week in Apps: Houseparty battles Messenger, Telegram drops crypto plans, Instagram Lite is gone
We also look at the new allegations against TikTok, the demise of a popular “Lite” app, new apps offering parental controls, Telegram killing its crypto plans and many other stories, including a hefty ... ( read original story ...)
Kevin Rose on health apps, crypto, and how founders get through this time with their sanity intact
Kevin Rose has been in the spotlight since cofounding the early social news aggregation site Digg in late 2004. A genial whiz kid turned serial entrepreneur, he has since become as well-known for ... ( read original story ...)
Japan’s top bank MUFG forecasts weaker than expected annual profit on virus hit
Mitsubishi UFJ Financial Group Inc (MUFG) 8306.T, Japan's largest lender by assets, forecast on Friday a full year profit that fell short of analysts' ex ... ( read original story ...)
Japan bank SMFG’s annual profit misses view, flags virus costs in current year
Sumitomo Mitsui Financial Group , Japan's second largest lender by assets, reported on Friday a smaller than expected full-year net profit and flagged 450 billion yen ($4.20 billion) of credit ... ( read original story ...)
Japan bank Mizuho forecasts weaker than expected profit on virus costs
Mizuho Financial Group Inc forecast on Friday a full-year profit that fell short of analysts' expectations, with the coronavirus outbreak slated to raise credit-related costs for the Japanese bank. ( read original story ...)
Japan bank Mizuho reports $416 mln Q4 profit vs year-ago loss
Mizuho Financial Group Inc reported on Friday a net profit of 44.6 billion yen ($416 million) in the fourth quarter compared to the Japanese bank's net loss in the year-ago quarter. TOKYO, May 15 ... ( read original story ...)
IPO Update: NuZee Readies $5 Million IPO
NuZee has proposed terms for its U.S. IPO. The firm makes single serve pour-over coffee products for its own brands and for others. NUZE is a tiny company with ... ( read original story ...)
Coronavirus latest: Thailand preps $3bn fund for small businesses
The nation is set to mostly end the emergency today, though Tokyo and Osaka will remain on the list of potential virus hot spots ... There have been 27 listings so far this year, propelling Indonesia ... ( read original story ...)
Succcess In Japan Helps Mint New China Billionaire Couple
Linkage’s IPO follows a big gain on Friday by China’s Kingsoft Cloud, a cloud services business chaired by Chinese billionaire Lei Jun, after it began Nasdaq trading (see related story here ). Last ... ( read original story ...)
Coronavirus latest: Australia sees biggest monthly jobs loss on record
11:35 p.m. Japan moves to bring an early end to the state of emergency Thursday in 39 of its 47 prefectures, though greater Tokyo and Osaka will remain on the list of potential coronavirus ... There ... ( read original story ...)
Tokyo shares track Wall St lower as Powell warns of extended weakness
Japanese stocks fell on Thursday, tracking an overnight slide on Wall Street, as sentiment soured after the U.S. Federal Reserve's chairman warned of an extended period of weak economic growth. Wall S ... ( read original story ...)