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Westinghouse Reaches Deal to Resolve Bankruptcy

Westinghouse Electric Co LLC, Toshiba Corp's nuclear services business, has made an agreement with its creditors that will clear the company's path out of bankruptcy, according to three people familiar with the matter. The deal will divvy up ca ...

Daily Headline - global.abi.org - 01/17/2018 - 22:56 - 0 comments

Japanese Inflation Creeps Toward 2 Percent Target

reported. The core consumer-price index, which excludes volatile fresh food prices, rose 0.9 percent in November from a year earlier, a slightly faster pace than an 0.8 percent increase in October. Another index ... rose 0.3 percent from a year earlier, compared with a 0.2 percent rise in October. Meanwhile, the ...

Daily Headline - abi_admin - 12/26/2017 - 00:07 - 0 comments

Japan's JFE to Bid for Bhushan Steel with India's JSW as Partner

Japan’s JFE Holdings Inc and India’s JSW Steel Ltd are lining up a joint bid with a private equity firm for the assets of India’s insolvent Bhushan Steel Ltd, two industry sources familiar with the matter said. Under the plans, JFE would set up a special ...

Daily Headline - global.abi.org - 11/23/2017 - 17:34 - 0 comments

Toshiba Share Sale Opens Door to Einhorn, Loeb, Other Activists

Toshiba Corp.’s plan to raise more money may bring in vocal investors more willing to take an active role in the electronics maker’s affairs, Bloomberg News reported. David Einhorn’s Greenlight Capital, Daniel Loeb’s Third Point and other investors have ...

Daily Headline - global.abi.org - 11/20/2017 - 23:46 - 0 comments

Fixing Mt. Gox

To solve the Mt. Gox bankruptcy mess, its former chief executive says he is exploring a dramatic solution – reviving the exchange so it can start generating money again, Reuters reported. Mark Karpeles told Reuters he believes Mt. Gox, which collapsed in ...

Daily Headline - global.abi.org - 11/16/2017 - 23:46 - 0 comments

Toshiba Looks to Raise $5.3 Billion in Share Offering

Toshiba Corp. plans to raise ¥600 billion ($5.3 billion) through a new share offering if a ¥2 trillion deal to sell its chip unit doesn’t get on track to meet an end-of-March deadline, a person familiar with the matter said. The plan fits into Toshiba’s ...

Daily Headline - global.abi.org - 11/12/2017 - 22:57 - 0 comments

Toshiba Buying Back 10 Percent Stake in Westinghouse Unit for $522 Million

Japan’s Toshiba Corp said on Thursday it is buying back a 10 percent stake in Westinghouse Electric Co from minority shareholder Kazatomprom for 59 billion yen ($522 million), taking full ownership of the bankrupt U.S. unit, Reuters reported. The move co ...

Daily Headline - global.abi.org - 10/03/2017 - 16:38 - 0 comments

Japan Downgrade Risk Seen Rising as Default Swaps Climb

Japan’s credit rating could be in the cross hairs after Prime Minister Shinzo Abe indicated the nation may abandon its goal of covering key expenditures through taxes, Bloomberg News reported. The cost of insuring Japan’s government debt against default ...

Daily Headline - global.abi.org - 09/27/2017 - 22:23 - 0 comments

Central Banks Holding a Fifth of Their Governments’ Debt

Leading central banks now own a fifth of their governments’ total debt, a sign of the scale of the challenge they will face in unwinding unprecedented stimulus measures deployed over the past decade, the Financial Times reported. Since the financial ...

Daily Headline - global.abi.org - 08/15/2017 - 22:01 - 0 comments

Japan's Takata Files Another Attempt to Stay U.S. Air Bag Lawsuits

Japanese auto supplier Takata Corp filed for U.S. bankruptcy protection on Wednesday in an effort to pause lawsuits against the company over faulty air bag inflators - more than a month after its U.S. unit filed for bankruptcy in the same court, the In ...

Daily Headline - global.abi.org - 08/09/2017 - 21:22 - 0 comments

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