Japan Post plans to break up and sell parts of Toll Group, the Australian logistics business it bought in an ill-fated $5bn acquisition in 2015, according to people with direct knowledge of the talks. ( read original story ...)
UPDATE 1-BOJ voices confidence over Japan’s banking system, warns of risks
Prolonged battle with pandemic could hurt banking system (Recasts with details of report, stress test results and estimates on relief impact) ... ( read original story ...)
Japan’s SBI Holdings, Towa Bank to form capital tie-up -Nikkei
Japanese financial firm SBI Holdings Inc 8473.T and regional lender Towa Bank Ltd 8558.T will conduct a capital tie-up and take small stakes in one another, the Nikkei newspaper reported on Thursday. ( read original story ...)
Finance and Foreign Policy Mix When China and Japan Lock Horns
Though much discussion about geopolitical influence in Asia centres on U.S.-China conflict, Tokyo is the real financial challenger to Beijing. ( read original story ...)
Japan stocks end lower as firmer yen, U.S. political uncertainty weigh
Japanese shares ended weaker on Thursday, as a firmer yen threatened earnings of exporters and amid fears that agreement on a key U.S. stimulus bill will not be reached until after the presidential ... ( read original story ...)
BOJ says Japan’s banking system stable, resilient to risks
Japan's banking system remains stable as a whole and has sufficient buffers against risks, including the possibility the economy may take some time to recover from the scars of the coronavirus ... ( read original story ...)
Pandemic Put Tailwind Behind Crypto Markets: Ripple Labs
Brad Garlinghouse, chief executive officer at Ripple Labs Inc., discusses the trends he’s seeing for the cryptocurrencies, U.S. regulations and the possibility of the company moving out of the U.S. He ... ( read original story ...)
Russian officials must now declare crypto holdings
Russia's public officials will be mandated to declare all private crypto assets holdings from New Year’s Day, 2021. The requirements were announced on Oct. 20 by the office of Russian prosecutor ... ( read original story ...)
Tokyo’s Nikkei share average opens down 0.48 pct
Japan's benchmark Nikkei average opened down 0.48 percent at 23,525.59 on Thursday, while the broader Topix shed 0.59 percent at 1,627.92. TOKYO, Oct 22 (Reuters) - Japan's benchmark Nikkei average ... ( read original story ...)
US PayPal users can soon use crypto in lieu of fiat currency
PayPal has announced its foray into the crypto market, launching a new service that will allow users to buy, hold, and sell digital currency. After receiving a conditional Bitlicence from the New York ... ( read original story ...)
Japan stocks set to trade lower as IMF downgrades growth forecast for Asia Pacific
Shares in Japan were set to trade lower at the open, as the International Monetary Fund on Wednesday downgraded its growth forecast for Asia-Pacific. Futures pointed to a lower open for Japanese ... ( read original story ...)
How Taxes Will Complicate Crypto Payments On PayPal
Paypal is preparing to launch a digital wallet and a Cryptocurrency Hub allowing its customers to buy, hold and sell cryptocurrencies like bitcoin, ethereum, bitcoin cash, and litecoin. Beginning in ... ( read original story ...)
US crypto derivatives merchants need to leave customer funds alone, says CFTC
The CFTC has issued new guidance for crypto derivatives markets that hold customer funds, much of which boils down to "be very, very careful." Per guidance released Wednesday evening ... ( read original story ...)
PayPal’s Big Crypto Move Is All Hype
Cryptocurrencies like bitcoin are a fun way to skirt money-laundering laws and pay for drugs, but, according to reporting by Reuters, it appears you’ll now be able to use it to pay for Beanie Babies ... ( read original story ...)
PayPal gets into crypto with new features for trading and shopping
PayPal's new cryptocurrency service will launch in the U.S. in the coming weeks and features bitcoin, ethereum, bitcoin cash and litecoin. By early 2021, the company also plans to let customers use ... ( read original story ...)
Regulation will keep PayPal’s new crypto services from looking anything like crypto
For now, PayPal's crypto payments are more about satisfying regulators than providing users with crypto capabilities. ( read original story ...)