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Giappone
Western Digital offers ¥2 trillion for Toshiba’s chip unit
Western Digital Chief Executive Officer Steve Milligan and Toshiba President Satoshi Tsunakawa held talks Wednesday over a potential acquisition. Toshiba is believed to have expressed reluctance to accept the plan. The post Western Digital offers ¥2 trillion for Toshiba’s chip unit appeared first on The Japan Times.
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Cina Giappone
Moody’s cuts China’s rating on debt fears
Moody’s on Wednesday slashed China’s credit rating for the first time in almost three decades citing concerns about the country’s rising debt and slowing growth, but Beijing rejected the downgrade as “inappropriate.” The move comes as China tries to clean up a toxic brew of unregulated and risky lending that ...
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Giappone
Dollar bounces back above ¥111.50 in Tokyo trading
The dollar bounced back above ¥111.50 in Tokyo trading Wednesday, following a hawkish remark by the head of the Federal Reserve Bank of Philadelphia. At 5 p.m., the dollar stood at ¥111.94-94, up from ¥111.20-20 at the same time on Tuesday. The euro was at $1.1175-1176, down from $1.1252-1254, and ...
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Giappone
Shoko Chukin Bank raided over shady loans
Government officials Wednesday raided the offices of Shoko Chukin Bank, a state-linked lender for small and medium-sized firms, over improper loans issued under a state-backed program to help crisis-hit companies. The Financial Services Agency, the Ministry of Economy, Trade and Industry and the Finance Ministry plan to look into the ...
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Giappone
Former Fed chief Bernanke endorses BOJ’s inflation goal
Former head of the U.S. Federal Reserve, Ben S. Bernanke, endorsed the Bank of Japan’s extraordinary easing measures to break free of persistent deflation and underlined the importance of coordinating monetary policy with fiscal stimulus. “Despite improvement in the Japanese economy, I think there’s still a strong case for the ...
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Giappone
SoftBank said to take $4 billion stake in U.S. chip-maker Nvidia
SoftBank Group has quietly amassed a $4 billion stake in Nvidia, making it the fourth-largest shareholder in the graphics chip-maker, according to people familiar with the situation. SoftBank, which just closed its Vision Fund, disclosed it owned an unspecified amount of Nvidia stock when it announced $93 billion of commitments ...
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Giappone
Nationwide department store sales jump 0.7% in April
April sales at department stores nationwide rose 0.7 percent from a year earlier on a same-store basis, up for the first time in 14 months, an industry group has announced. Overall sales at 229 outlets operated by 80 companies totaled ¥452.7 billion. The growth mainly reflected brisk demand for cosmetics ...
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Giappone
Tokyo stocks rebound on weaker yen
Stocks turned higher on the Tokyo Stock Exchange Wednesday, helped by the yen’s fall against the dollar. The 225-issue Nikkei average gained 129.70 points, or 0.66 percent, to finish at 19,742.98. On Tuesday, the key market gauge shed 65 points. The Topix index of all first-section issues closed up 9.89 ...
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Giappone
Toshiba may seek buyers for Westinghouse starting this fall
Toshiba could begin the process to sell a majority stake in Westinghouse Electric this fall as the U.S. company makes its way through a bankruptcy proceeding, according to Mark Marano, Westinghouse’s chief operating officer. Tokyo-based Toshiba has “signaled pretty clearly to the market” that it wants to divest a majority ...
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Giappone
Japan manufacturers’ mood slips despite economic recovery, survey finds
Confidence among Japanese manufacturers receded in May for the first time in nine months after hitting a decade-high level April, a Reuters survey has found, showing guarded optimism in a nascent export-led economic recovery. The monthly poll — which tracks the Bank of Japan’s key quarterly tankan — showed confidence ...