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

Coincheck Says It Lost Crypto Coins Valued at About $400 Million
January 30, 2018

The disclosure that one of Japan’s biggest cryptocurrency exchanges lost about $400 million in NEM tokens is spooking investors in a country still wary of such venues four years after the collapse of Mt. Gox.

After hours of speculation Friday Continue reading

World’s Top-Ranked Crypto Exchange Adds 240,000 Users in One Hour
January 14, 2018

The world’s biggest cryptocurrency exchange keeps getting bigger.

Hong Kong-based Binance.com is adding “a couple of million” registered users every week, with 240,000 people signing up in just an hour on Wednesday, Chief Executive Officer Zhao Changpeng said in an Continue reading

Uber Co-Founder Travis Kalanick Plans to Sell 29% of Stake
January 7, 2018

Former Uber Technologies Inc. Chief Executive Officer Travis Kalanick, who has long boasted that he’s never sold any shares in the company he co-founded, plans to sell about 29 percent of his stake in the ride-hailing company, people with knowledge Continue reading

Philippine GDP Growth Exceeds 6% for a Ninth Consecutive Quarter
November 23, 2017

The Philippine economy grew more than 6 percent for a ninth consecutive quarter, cementing its position as one of the fastest-expanding in the world.

Key Points
  • Gross domestic product increased 6.9 percent in the third quarter from a year earlier, Continue reading