The Securities and Exchange Commission (SEC) has considered favorably the initial public offering (IPO) by CTS Global Equity Group, Inc. for up to PHP1.375 billion. In its March 10 meeting, the ... ( read original story ...)
Inflationary pressures in US, weakening euro, and the Bank of Japan’s dovish stance
The US Federal Reserve and the Bank of Japan have policy meetings next week. While the Fed is certain to hike rates, the BOJ is set to remain an outlier and hold onto a dovish stance on monetary ... ( read original story ...)
Japanese Yen Tanks as US Dollar Soars Ahead of The Fed and BoJ. Where to for USD/JPY?
The Japanese Yen fell further today as the US Dollar gained ground ahead of central bank meetings next week. Will USD/JPY maintain momentum? ( read original story ...)
Japan’s Nikkei posts worst week since late Nov on Ukraine, inflation worries
Japan's Nikkei recorded its worst week since late November, as a surge in U.S. inflation and little progress in talks between Ukraine and Russia's foreign ministers soured risk sentiment. ( read original story ...)
Japan’s Nikkei falls 2% as shares in Asia decline; Chinese tech stocks in Hong Kong drop
The Nikkei 225 in Japan fell 2.05% on Friday, shedding some of its nearly 4% gain on Thursday, with shares of conglomerate SoftBank Group dropping 6.21%. ( read original story ...)
Stripe is supporting crypto, again
Payment giant Stripe is back in the cryptocurrency business with the launch of a suite of products to support crypto payments on its platform. "Stripe now supports crypto businesses: exchanges, ... ( read original story ...)
Crypto’s War Test Leaves Future of Money Debate Wide Open
The sector’s performance since Russia’s invasion has showcased digital assets’ uses and limitations, while reinforcing crypto’s divergent narratives. ( read original story ...)
Crypto Scams Growing Says Key Bank Regulator
He pointed out crypto theft hit $3.2 billion in 2021, a 516 percent increase over 2020 with the biggest threat coming from so-called rug pulls, where legitimate-looking crypto projects were used to ... ( read original story ...)
Coupang Lost Nearly Half Its Value in Year Since Its Mega IPO
South Korea’s e-commerce giant Coupang Inc. lost nearly half of its value since it’s mega listing in the U.S. one year ago, an anniversary heralding little cheer for holders including Softbank Group ... ( read original story ...)
Japan’s Nikkei dives back towards 16-month low as Ukraine worries weigh
TOKYO, March 11 (Reuters) - Japan's Nikkei stock index retreated towards a 16-month low on Friday, as risk sentiment soured after talks between Ukraine and Russia's foreign ministers made little ... ( read original story ...)
Bank of Japan in dilemma as Ukraine crisis raises specter of price hikes
Painful price hikes are in the offing in Japan, with consumers paying more for everything from gasoline and electricity to rice balls ... ( read original story ...)
Japan not considering new stimulus package, says Finance Minister Suzuki
Japan's government is not considering compiling a fresh economic stimulus package as it focuses on passing the fiscal 2022 budget through parliament, Finance Minister Shunichi Suzuki said on Friday. ( read original story ...)
Japan’s Household Spending Falls Amid Fears of Economic Setback
Japan’s household spending fell in January, as consumers held back on spending during the rapid spread of the omicron variant and renewed restrictions on activity, adding to the risk that the economy ... ( read original story ...)
Hedge Funds Are Finally Finding Love for Bitcoin and Crypto
Some of the largest hedge funds are reportedly increasing their holdings in cryptocurrencies. The list includes names like Brevan Howard Asset Management LLP and Tudor Investment ... ( read original story ...)
Crypto poses serious 401(k) risks, Biden administration warns
The U.S. Department of Labor warned employers that they could breach their legal duties by adding crypto investments to 401(k) plans. ( read original story ...)
Crypto tax software startup BearTax lands $3.2M
BearTax, a Seattle startup that helps cryptocurrency investors file taxes, raised a $3.2 million seed round led by Seattle VC firm Ascend. The company is led by Tela Andrews, a former product ... ( read original story ...)