Japan

Results for Japan

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

Toshiba Bankruptcy Filing Pushed by Some Involved in Workout

A number of creditors and others involved in Toshiba Corp.’s restructuring are pushing for a Toshiba bankruptcy filing as the best path to rebirth after its effort to raise money through a chip-unit sale stalled, The Wall Street Journal reported. Peo ...

Daily Headline - global.abi.org - 07/27/2017 - 22:27 - 0 comments

Japan's Takata Offers Condolences to Victims of Faulty Air Bags

Japanese auto parts maker Takata Corp expressed condolences on Tuesday to victims of its faulty air bags linked to at least 16 deaths and 180 injuries around the world, but stopped short of offering a full apology, Reuters reported. "We offer our co ...

Daily Headline - global.abi.org - 06/27/2017 - 21:06 - 0 comments

Airbag Maker Takata Files for Bankruptcy Protection in Japan

Embattled airbag maker Takata Corp on Monday filed for bankruptcy protection in Japan and said it would seek $1.588 billion in financial aid from U.S.-based auto parts supplier Key Safety Systems (KSS), Reuters reported. The KSS deal would help it deal w ...

Daily Headline - global.abi.org - 06/25/2017 - 20:58 - 0 comments

Takata to File for Bankruptcy Monday, SMFG to Provide Bridge Loan

Takata Corp will seek bankruptcy protection from creditors on Monday, two sources said, as the Japanese company faces billions of dollars in liabilities stemming from the biggest recall in automotive history, Reuters reported. The firm, whose defective a ...

Daily Headline - global.abi.org - 06/22/2017 - 21:25 - 0 comments

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