Business Topics

Japanese police arrest Mt. Gox CEO Karpeles over Bitcoin losses

Police on Saturday arrested Mark Karpeles, head of the collapsed Mt. Gox bitcoin exchange, over the disappearance of about $390 million worth of the virtual currency, reports said. France-born Karpeles, 30, is suspected of having accessed the exchange’s computer system and falsifying data on its outstanding balance, Kyodo News and ...

Aug 3, 2015

Dollar moves tightly around ¥124 in Tokyo trade

The dollar fluctuated narrowly around ¥124 in Tokyo trading on Monday, with a wait-and-see mood growing due to a lack of fresh trading pegs. At 5 p.m., the dollar stood at ¥124.17-19, down slightly from ¥124.21-21 at the same time Friday. The euro was ...

Aug 3, 2015

Nikkei drops on Wall St. fall, lack of TPP deal

The Nikkei lost ground on Monday, pressured by profit-taking following a U.S. stock fall late last week and the failure of negotiators to reach a broad agreement in Trans-Pacific Partnership free trade talks. The Nikkei lost 37.13 points, or 0.18 percent, to end at ...