Bloomberg Transportation companies in Japan are cancelling flights and train services as Typhoon Faxai approaches. The season’s 15th typhoon was heading north-northwest at about 30 kilometres per hour as of 4:45 pm Tokyo time on Sunday, the Japan Meteorological Agency said. It may reach the nation’s Kanto region, which includes Tokyo, by early Monday. Japan Airlines Co. said it canceled ...

Bloomberg Nobody knew it then, but this time last year, the rallying US stock market was about to begin a plunge that would erase $5 trillion from share values and convince a lot of people a recession was at hand. Then, as now, a trade war was raging, earnings in doubt and manufacturing losing steam. In the stock market, swings ...

Bloomberg Stablecoins, a fast-growing subset of cryptocurrencies designed to avoid the large fluctuations of Bitcoin and Ether, could fail to function properly in periods of stress, according to JPMorgan Chase & Co. While the total value of all stablecoins is less than $5 billion, the low-volatility tokens are poised for rapid growth, and none more so than the Libra coin ...