SEC Commissioner Hester Peirce confirmed by U.S. Senate for second term at the SEC through 2025 tonight. Peirce has said crypto is, "“...going to be here to stay and I would like us to set up a ... ( read original story ...)
Japan shares slip on weak earnings, caution ahead of U.S. jobs data
Japanese shares fell on Friday as the market reacted to a string of disappointing earnings and forecasts, while investors also took a cautious stance ahead of the U.S. non-farm payroll data for July ... ( read original story ...)
Japan’s Spending Slump Eases as Economy Reopens, COVID-19 Clouds Outlook
Japan's household spending fell at a much slower pace in June than in the previous month as the economy re-opened from lockdown measures to contain the coronavirus pandemic, offering some hope of a ... ( read original story ...)
Son’s SoftBank Poised to Return to Profit After Big Losses
After reporting record losses in May and warning the coronavirus outbreak could be as devastating as the Great Depression, SoftBank Group Corp. founder Masayoshi Son is already poised to declare a ... ( read original story ...)
SoftBank is poised to return to profit after record losses
SoftBank is in the process of offloading 4.5 trillion yen in assets, including stock in Alibaba, T-Mobile US Inc. and its domestic telecom unit.The proceeds will be used to fund share repurchases and ... ( read original story ...)
Japan’s Top Banks Plan Less Costly Money Transfer Network
Japan's biggest banks said they will work together to build a less expensive money transfer network focused mainly on small transactions among individuals. ( read original story ...)
Japan’s Bonds Hold Above 0% Even As More Debt Goes Negative
Japan’s benchmark bond yield is likely to hold above 0%, even if the Treasuries equivalent continues to decline, according to market participants.The perception that the Bank of Japan is unlikely to ... ( read original story ...)
Japan Push to Cut China Reliance May Be Boost for Southeast Asia
Japan’s quiet push to protect its supply chains in the era of Covid-19 may prove a boon for Southeast Asian nations looking to gain from the growing backlash against China.The Japanese government is p ... ( read original story ...)
Japan’s Top Banks To Plan Less Costly Money Transfer Network
Japan's biggest banks said they will work together to build a less expensive money transfer network focused mainly on small transactions among individuals. ( read original story ...)
Putin Outlines New Russian Crypto Rules And Banks Prepare For New Exchanges
Russia has revamped the rules of the cryptocurrency game within its borders. In short: cryptocurrencies like Bitcoin, Ether, and others can be traded, but no goods and services in Russia are allowed ... ( read original story ...)
“China’s LVMH” Shandong Ruyi resists Lycra sale in favour of IPO amid debt crisis-sources
Fashion conglomerate Shandong Ruyi, best known for its ambition to be the LVMH of China, has brushed aside a sale of textile maker Lycra proposed by Lycra's creditors and is instead looking to ... ( read original story ...)
‘Crypto Instagram’ Is Becoming a Thing, Scams and All
Scams are running rampant on Instagram in 2020 – even as legitimate crypto entrepreneurs are increasingly using the platform for business. ( read original story ...)
German Orders Rebound as Sweden Beats Expectation: Virus Update
Sweden’s finance minister said the country’s light-touch lockdown may have contributed to a less severe contraction in the economy. Meanwhile, German manufacturing continued its recovery in June, with ... ( read original story ...)
Foreigners’ selling of Japanese stocks hits highest since mid-March last week
Foreigners turned net sellers of Japanese equities last week after three straight weeks of purchases, marking their biggest net offload since mid-March on renewed concerns about rising coronavirus ... ( read original story ...)
Japan’s large banks to look at building settlement system for small payments
Japan's three biggest banks and two smaller banks are starting talks on building a common settlement infrastructure for small payments, with the aim of cutting interbank fees, they announced on ... ( read original story ...)
Japan stocks fall on grim earnings season; Toyota bucks trend
Japanese shares fell on Thursday as investors stayed away from risky bets amid a largely downbeat earnings season, though Toyota rose after unexpectedly avoiding a loss last quarter. The Nikkei index ... ( read original story ...)