Chat app Line injects $182M into its mobile payment business
February 25, 2019

Japanese messaging app company Line is pumping 20 billion JPY ($182 million) into its mobile payment business as it tries to turn things around following a challenging year in 2018.

The company announced the infusion into Line Pay, a subsidiary Continue reading

Nexon founder hints at plan to sell his $9B majority share in gaming giant
January 12, 2019

The founder of Korea’s Nexon, one of the biggest gaming companies on the planet, today appeared to acknowledge his intention to sell his controlling interest for around $9 billion.

The divestment has been a hot rumor after a report from newspaper Korea Economic Continue reading

Asian Stocks Fall as Traders Await Powell Hearing: Markets Wrap
March 20, 2018

Asian stocks started March on a weak footing after U.S. shares tumbled in afternoon trading Wednesday. Treasuries and the dollar held gains as traders awaited a second appearance from Federal Reserve Chairman Jerome Powell, whose comments riled markets earlier this Continue reading

Global Stock Slump Continues; China Gets Hit Hard: Markets Wrap
February 26, 2018

The sell-off in global stocks that briefly looked to have ended mid-week has come back, tipping markets from the U.S. to Asia into declines exceeding 10 percent from their January highs . China, where retail investors dominate, got hit particularly hard Continue reading