Press releases about business, cryptocurrency, fintech and more news in Hong Kong and Asia

Coinbase posts loss as crypto market turmoil hits trading volumes

BENGALURU (REUTERS) – Coinbase Global reported a larger-than-expected quarterly loss as investors worried by this year’s rout in risky assets shied away from trading in cryptocurrencies, sending its shares down 6 per cent after the bell on Tuesday (Aug 10). Trading volumes at the cryptocurrency exchange more than halved to US$217 billion (S$299 billion) in […]

Asia stocks slide on recession fears; STI up 0.4% as S’pore bank shares rise

TOKYO (REUTERS) – Stocks fell across Asia on Wednesday morning (June 29), extending overnight losses on Wall Street amid concerns over recession, inflation and high oil prices, which also boosted the safe-haven US dollar. Japan’s Nikkei index fell 1.2 per cent, while Australia’s S&P/ASX 200 slipped 1.1 per cent and South Korea’s Kospi slumped 1.6 […]