TOKYO (Reuters) - Nintendo shares fell 6% on Monday after reports by games media and Bloomberg that its next-generation console will be delayed until early 2025 from later this year. While Nintendo has not commented on plans for a successor device beyond saying that it is always working on new hardware and software, the Kyoto-based...
By David Shepardson WASHINGTON (Reuters) -U.S. President Joe Biden\'s administration is set to ease proposed yearly requirements through 2030 of its sweeping plan to aggressively cut tailpipe emissions and ramp up electric vehicle sales, two sources told Reuters on Sunday. Automakers and the United Auto Workers had urged the Biden administration to slow the proposed...
By Scott Murdoch and Sameer Manekar (Reuters) -Australian diversified investor Seven Group Holdings has offered A$1.9 billion ($1.24 billion) to take full control of building products group maker Boral (OTC:BOALY) in a bet Australia\'s infrastructure spending boom will be maintained in coming years. Seven Group, headed by billionaire Kerry Stokes and his family, already owns...
-- Most Asian stocks kept to a tight range on Monday, tracking weakness in Wall Street as stronger-than-expected inflation data fueled more fears of higher-for-longer U.S. interest rates. Wall Street indexes fell on Friday after data showed U.S. producer price index inflation grew more than expected in January. The reading, which came just days after...
BEIJING (Reuters) - Chinese electric vehicle giant BYD (SZ:002594) on Monday launched a new version of its plug-in hybrid sedan Qin Plus DM-i with a lower starting price, doubling down on price cuts to stay competitive in the world\'s largest auto market. The new model goes for a starting price of 79,800 yuan ($11,090), down...
Jupiter Asset Management’s compliance team blocked its investors from having any exposure to a cryptocurrency exchange-traded product(ETP)in one of its Irish UCITs funds,according to a Financial Times report. The reason for blocking the investment was due to,“divergent regulatory approaches in the EU.”UCITS are open-ended investment funds and are a popular form of investment vehicle,especially for...
Court Rules Against Crypto Mining Company,Will Not Force BC Hydro to Provide PowerConifex Timber Inc.,a forestry firm with a crypto mining business,has lost a court battle in which it had aimed to force BC Hydro,a Canadian electric utility in the province of British Columbia,to provide the power needed for its operations,the National Post reported. In...
UK-based digital asset liquidity provider B2C2 has secured a virtual asset service provider(VASP)registration expanding its operations to Luxembourg ahead of new rules being implemented in Europe. The Markets in Crypto Assets Regulation(MiCA),due to take effect this year,is the European Union’s comprehensive crypto law.The legislation promises legal certainty,compliance challenges and global implications.MiCA’s primary goal will be...
The controversial crypto tax reporting requirements within the bipartisan infrastructure bill signed into law in 2021 are now in effect as of January 1. These new Internal Revenue Service(IRS)rules mandate that cryptocurrency brokers report personal information on digital asset transactions over$10,000,including customers’names,addresses,and social security numbers,within 15 days. While the goal is increased transparency and reduced...
Societe Generale has issued a€10 million digital green bond on the Ethereum network.Mainstream financial institutions are showing growing interest in blockchain technology.The tokenization of funds demonstrates the potential of blockchain in financial applications.The issuance of green bonds using blockchain aligns with the trend towards sustainable finance.The digital format of these bonds offers enhanced transparency,traceability,and faster...