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Japan Display warns of enormous losses

TOKYO, JAPAN: Shares in Apple supplier Japan Display slumped more than 18% in Tokyo after the world's biggest manufacturer of screens for smartphones and tablets warned it would post an annual net loss.

17 Oct 2014


Sony makes $261m in three months on PS4 sales

TOKYO - The weak Yen helped Sony make profits of to $261m in the first-quarter thanks to brisk sales of its PlayStation 4 console. However, the company still expects to make an overall loss this year.

1 Aug 2014


Angry investors demand Bitcoin answers from MtGox

TOKYO, JAPAN: Bitcoin investors voiced their anger after the first creditors' meeting for failed Tokyo trading exchange MtGox, whose spectacular collapse hammered the digital currency's reputation and left a trail of unanswered questions.

24 Jul 2014


Japan's Line messaging app worth $9.8bn ahead of listing

TOKYO, JAPAN: A smartphone messaging app set up in the aftermath of Japan's 2011 quake-tsunami disaster has applied to list on the Tokyo stock exchange, in an offering that could be worth more than $9.8bn.

16 Jul 2014


MtGox bust, placed under administration

TOKYO, JAPAN - Failed Bitcoin exchange MtGox was has been placed in administration by a Japanese court, with an order for bankruptcy expected to be issued soon, its administrator and chief executive said.

17 Apr 2014


MtGox faced 150,000 attacks per second says report

TOKYO, JAPAN: Bitcoin exchange MtGox faced a huge hacker offensive last month, coming under some 150,000 denial-of-service attacks per second for several days ahead of its spectacular failure, a report said over the weekend.

11 Mar 2014


Japan eyes Bitcoin regulations, taxes

TOKYO, JAPAN: Japan may slap regulations on Bitcoin including taxing transactions, a report said on Wednesday, 5 March, as the global digital currency suffered another alleged theft that cast doubt on its reliability.

6 Mar 2014


Japan probing bitcoin exchange after huge reported theft

TOKYO, JAPAN: Japanese authorities were on Wednesday, 26 February, probing the troubled MtGox bitcoin exchange after claims of a multi-million dollar theft from its digital vaults, as US prosecutors reportedly served a subpoena on the company.

27 Feb 2014


Bitcoin website vanishes amid huge theft claim

TOKYO, JAPAN: The website of Tokyo-based bitcoin exchange MtGox went down amid reports of a theft worth hundreds of millions of dollars of the virtual currency. The reports have dealt a blow to the currency's credibility.

26 Feb 2014


SoftBank wants Sprint for US$21.6bn

TOKYO, JAPAN: SoftBank said Tuesday (11 June) it is increasing its bid for Sprint Nextel to US$21.6bn, the latest twist in a high-stakes bid to trump a rival offer and grab a chunk of the lucrative US mobile market.

12 Jun 2013


Sony urged to sell entertainment unit

TOKYO, JAPAN: Sony shares rose on Wednesday (15 May) after a US hedge fund called for the partial sell-off of its entertainment unit, in a rare bid by a major foreign shareholder to penetrate Japan's staid corporate culture.

16 May 2013


Western Union offers no-fee money transfers to Japan

ENGLEWOOD, US: Western Union Company, a leader in global payment services, in cooperation with its agents, has activated a limited-time "No Transfer Fee"* program for money-transfers sent to Japan from participating agent locations around the world.

18 Mar 2011


Unemployment, inflation worries hit consumer confidence

NEW YORK, US: Consumer confidence fell in 25 out of 52 countries in Q4 2010 as hope for a global economic recovery evaporated at the end of last year, according to the latest edition of the Nielsen Global Consumer Confidence Index, which tracks consumer confidence, major concerns and spending intentions among online consumers.

27 Jan 2011


HSBC extends commitment to Asian rugby

HONG KONG, CHINA: HSBC and Asian Rugby Football Union (ARFU) has announced the continuation of their partnership in support of the HSBC Asian 5 Nations (HSBC A5N), reputedly Asia's premier fifteen-aside rugby competition.

20 Jan 2011

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