Technology
US Sets For Stablecoin Explosion
The Act permits insured depository institutions and other regulated entities to issue stablecoin in the US. Corporate treasurers will soon...
News
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Capital Raising & Corporate Finance
Seven & i Acquisition Falls Through
The proposed $47 billion acquisition of Japan’s Seven & i Holdings by Canada’s Alimentation Couche-Tard (ACT) would have been the largest foreign takeover in Japanese history.
Economics, Policy & Regulation
Japan: Prime Minister’s Waning Power Jolts Stability
Prime Minister Shigeru Ishiba’s grip on power weakened further after his Liberal Democratic Party (LDP) and coalition partner Komeito lost their majority in Japan’s upper house elections on July 20.
Capital Raising & Corporate Finance
Giovanni Ferrero Scoops Up WK Kellogg
Breakfast is the most important meal of the day, and Giovanni Ferrero knows it.
Banking
As Dominican Republic’s Fintech Sector Booms, Financial Inclusion Is Big Goal
Fintechs are a rapidly growing presence in the Dominican Republic, where they promise to improve inclusiveness in a still-underbanked nation.
Banking
Big Banks Mull Joint Stablecoin
As legislation to create a regulatory framework for stablecoins progresses in the US Congress, major banks are reportedly discussing issuing a joint stablecoin that could potentially provide commercial clients with various benefits.
News
Circle IPO Underscores Investor Appetite For Crypto
Stablecoin issuer Circle Internet Group raised nearly $1.1 billion in its IPO, above its expected range, as investors grow increasingly attracted to cryptocurrencies.
Banking
Japan’s SMBC Buying Stake In Yes Bank
India’s Yes Bank expects to sell a 20% stake to Japan’s second-largest bank, Sumitomo Mitsui Banking Corporation (SMBC), a wholly owned subsidiary of Sumitomo Mitsui Financial Group, for $1.58 billion, pending regulatory approvals from the Reserve Bank of India (RBI) and the Competition Commission of India.
Capital Raising & Corporate Finance
Nippon Steel, U.S. Steel Tie-Up Could Be A ‘Game Changer’
The deal by Japan’s top steelmaker creates a formidable global competitor and helps revive U.S. Steel’s competitiveness.
Economics, Policy & Regulation
US To Stop Producing Its Penny
After 232 years, the US is bidding farewell to the penny.
Economics, Policy & Regulation
United States: Plan For Remittance Tax Sparks Global Concerns
A proposed 3.5% remittance tax on money sent from the US to noncitizens abroad has sent shockwaves through countries that rely on international transfers.