Category Archives: Business

29Jan/18

Japan to punish hacked cryptocurrency exchange Coincheck

TOKYO, JAPAN (JANUARY 29, 2018) (REUTERS) – Japan’s financial regulator plans to slap an administrative punishment on cyrptocurrency exchange operator Coincheck Inc on Monday (January 29), the top government spokesman said, after the firm lost 58 billion yen ($534 million) worth of NEM coins to hackers. Continue reading

14Dec/17

Disney to buy Fox film, TV businesses for $52.4 billion in stock

LOS ANGELES, CALIFORNIA, UNITED STATES (REUTERS) – Walt Disney Co on Thursday (December 14) agreed to buy film, television and international businesses from Rupert Murdoch’s Twenty-First Century Fox Inc for $52.4 billion in stock. Continue reading

14Dec/17

High tech, high finance and high times for the pot industry

OAKLAND, CALIFORNIA, UNITED STATES (REUTERS) – Two years ago, Alan Gertner was head of Google’s Asia-Pacific sales team in Singapore, handling more than $100 million (USD) in business. Continue reading

21Nov/17

Tencent surpasses Facebook in market value

Tencent Holdings has racked up some impressive gains this week – becoming the first Chinese firm to be worth more than $500 billion and surpassing Facebook to be the world’s fifth-most valuable company. Grace Lee reports Continue reading

13Nov/17

Uber OKs SoftBank’s bid to buy stake

The peace deal struck by Uber’s board will allow Softbank to make an investment worth up to $10 billion, according to sources. Fred Katayama reports. Continue reading

13Nov/17

Think bitcoin’s getting expensive? Try Zimbabwe

With Zimbabwe under threat of cash shortages and hyperinflation, some are turning to highly-volatile cryptocurrencies like bitcoin as a safer haven for their money. Matthew Larotonda reports. Continue reading

11Nov/17

China shopping festival smashes record with $25 bln haul

SHANGHAI, CHINA (NOVEMBER 11 AND 12, 2017) (REUTERS) – Alibaba, the Chinese e-commerce giant, said that its Singles’ Day sales extravaganza on Saturday’s (November 11) hit $25.4 billion, smashing its own record from last year and cementing it as the world’s biggest shopping event. Continue reading