This is CNBC’s live blog covering Asia-Pacific markets. Asia-Pacific markets plunged Monday ahead of U.S. President Donald Trump’s fresh round of tariffs expected later in the week. Japan’s benchmark Nikkei 225 started the day 3.9% lower while the broader Topix index lost 3.7%. Over in South Korea, the Kospi index fell 2.4% while the small-cap Kosdaq declined 2.32%.
The European Insurance and Occupational Pensions Authority (EIOPA), which oversees the insurance and occupational pensions sectors in the EU, recommends imposing stricter capital requirements for insurers with crypto holdings. In a statement, the regulator says it advised the European Commission to introduce a 100% capital requirement for digital assets held by insurance companies. The proposed
A state-backed bank in France is reportedly launching a multimillion-dollar initiative to invest in crypto projects. According to a new report from Bloomberg, French government-owned bank Bpifrance – which has nearly $110 billion in assets under its management – is rolling out a $27 million crypto venture fund to invest in digital asset startups. Not
President Donald Trump is reportedly pardoning the three co-founders of the crypto exchange BiTMEX, including prominent crypto investor Arthur Hayes. According to a new report by CNBC, Trump pardoned Hayes, Benjamin Delo and Samuel Reed on Thursday, nearly three years after they pleaded guilty to violating the Bank Secrecy Act by willfully failing to establish
Investors feared to have lost millions of pounds in a property scheme promoted by former Premier League striker Robbie Fowler have told of their anger. Stunning images were released during a media blitz showcasing the ambitious scheme to build over 300 new apartments on the edge of Liverpool city centre. Mr Fowler, known as ‘God’
A crypto whale is booking millions of dollars in losses after making several Official Trump (TRUMP) trades. According to blockchain tracking platform Lookonchain, the whale’s losses have ballooned to nearly $16 million on his TRUMP memecoin trades this month. “This whale sold 743,947 TRUMP ($7.92 million) at $10.66 [Friday] – taking another $3.3 million loss
Sausalito has fired its finance director on the brink of budget drafting season, but it won’t say why. Chad Hess had held the position since July 18, 2023, after an interim period performing the job, according to the city. His most recent annual salary was $174,573. City Manager Chris Zapata said Hess’ dismissal is a
Binance plans to use its Launchpool platform to launch trading support for the new native asset of a gaming blockchain. Binance Launchpool, which lets users stake coins to farm new assets, says its 66th project will be GUN, the official token of the GUNZ blockchain, which was built by developer Gunzilla Games. The chain currently
Ford Motor Company: Understanding the automaker’s history, legacy Explore the rich history of Ford Motor Company, from its groundbreaking assembly line innovations to iconic cars like the Model T, Mustang, and F-150. Ford Executive Chair Bill Ford writes a statement to investors assuring them the company is well-positioned to navigate the challenges this year. Bill
Several nonprofit groups across the country are suing the U.S. Department of Health and Human Services in a bid to restore funding tied to providing legal representation for roughly 26,000 unaccompanied children in the United States, days after the Trump administration moved to cancel such contracts. The federal lawsuit announced Wednesday, March 26, was filed