At closing bell, the 225-issue Nikkei Stock Average stumbled 622.77 points, or 2.19%, to 27,822.12. The broader Topix index of all First Section issues on the Tokyo Stock Exchange retreated 26.17 ... ( read original story ...)
Japan’s Nikkei 225 Falls, Dropping 10% From September High
The gauge is set for its longest losing streak since May 2019, amid a global selloff in technology shares on the threat of persistently high inflation. A fading of initial investor hopes for Japan’s ... ( read original story ...)
Is Institutional Crypto Adoption Still In The ‘Early Stages’?
Close to one-third of institutions have invested in digital assets, according to a Fidelity survey. However, according to analysts, this is only the beginning, as more organizations will flock to this ... ( read original story ...)
Bitcoin Tops $50,000 as BofA Says Crypto ‘Too Large to Ignore’
Bitcoin rallied above $50,000 as Bank of America Corp. strategists threw their weight behind crypto as a new asset class. ( read original story ...)
Crypto becomes the newest fake news frontier
Two recent fake news releases show how easily cryptocurrency markets can be manipulated, adding to the perception that the growing industry is a new Wild West.Catch up quick: The price of litecoin ... ( read original story ...)
Bank Of America Bullish On Bitcoin, Says Crypto Market Too Large To Ignore
Wall Street banking giant Bank Of America called blockchain the “most exciting new market in years” in a new research report. What Happened: On Monday, BofA published a digital asset primer stating ... ( read original story ...)
New Japan finance chief vows to set course for fiscal consolidation
New Japanese Finance Minister Shunichi Suzuki said Tuesday the government should draw up a road map for achieving fiscal soundness as ... ( read original story ...)
Japan’s cloud-based CCTV solution provider Safie hits $1.6B market cap after IPO
See the original story in Japanese. Tokyo-based Safie (TSE: 4375), the Japanese startup offering cloud-based CCTV solutions, went public on the TSE Mothers market on Wednesday. The company has ... ( read original story ...)
Globalfoundries bets on chip ‘onshoring’ demand ahead of IPO
Top U.S. contract chipmaker Globalfoundries is betting the trend for semiconductor "onshoring" will help it win over clients and investors as the loss-making company prepares for an initial public ... ( read original story ...)
SMALL-CAP WINNERS & LOSERS: Japan investors track Tokyo’s Nikkei lower
The transport and logistics services firm reports strong revenue growth in six months to September 30, and is on track to report full-year profit in line with market forecasts. "Wincanton continues to ... ( read original story ...)
Gaffe-prone Aso leaves legacy, challenges after nearly 9-yr tenure as Japan finance czar
Longest-serving postwar Finance Minister Taro Aso, who was in office for eight years and nine months, retired from the position on Oct. 4, as ... ( read original story ...)
Japan Touts New Capitalism But New Finance Chief Sounds The Same
Japanese Finance Minister Shunichi Suzuki said the nation’s incoming government will seek a new type of capitalism that helps tackle wealth inequality, but on questions around the sales tax, debt and ... ( read original story ...)
Suzuki Touts Japan’s New Capitalism But Sounds Like Old Regime
Japanese Finance Minister Shunichi Suzuki said the nation’s incoming government will seek a new type of capitalism that helps tackle wealth inequality, but on questions around the sale tax, debt and ... ( read original story ...)
Japan’s new ministers vow bold action for pandemic-hit economy
Japan’s new finance and economy ministers vowed on Tuesday to take bold policy action to revitalise the pandemic-hit economy, a sign that fiscal and monetary stimulus will remain intact under a ... ( read original story ...)
China’s Biggest Crypto Platform Knows There’s No Going Home
Hours before China issued its sweeping ultimatum against cryptocurrency trading, the industry’s last remaining giant player had already decided to call it quits.Huobi founders and backers voted ... ( read original story ...)
Beijing vs bitcoin: why China is cracking down on crypto
Supporters champion a digital currency beyond the control of a central authority — but an authoritarian government is putting that idea to the test ... ( read original story ...)