Crypto lender Amber Group is weighing options for its Japan unit, including a possible sale, and plans to apply for a Hong Kong license following the city’s pivot toward creating a digital-asset hub.
A monthlong pummeling has bank stocks looking historically inexpensive. And a deluge of quarterly earnings reports from key lenders over the next two weeks will help investors gauge if the sector is too cheap to ignore — or too risky to touch.
China’s megabanks are planning at least 40 billion yuan ($5.8 billion) of bond sales, kicking off a major funding push to comply with global capital requirements by early 2025.
Traders are dialing back expectations for swings in the Taiwan dollar as geopolitical tensions ease and investors return their focus to the global economic outlook.
Wall Street’s biggest banks aren’t waiting for the outcome of Turkey’s cliffhanger election next month to call what it means for the country’s monetary policy and almost unanimously forecast that interest rates will return to levels higher than reached after the 2018 currency crash.
Berkshire Hathaway Inc. sold 164.4 billion yen ($1.2 billion) of bonds, paying some of its highest costs ever to sell debt in the currency as speculation about Bank of Japan policy tightening increases the burden for issuers.
News of Warren Buffett’s increased interest in Japanese stocks is helping narrow the recent focus on the nation’s value stocks to those that can offer investors more than cheapness.
A top investor in Charles Schwab Corp. sold its entire $1.4 billion stake in the brokerage during last month’s US banking turmoil, according to Financial Times.
A Singapore-registered oil tanker is missing after it was boarded earlier this week off the coast of Africa in what authorities are calling an act of piracy.
South Korea’s financial regulator urged officials to take a tougher stance against false rumors that cause confusion in markets, which remain jittery after the collapse of Silicon Valley Bank and Credit Suisse Group AG.
