TOKYO (Reuters) -Toshiba Corp said on Monday it will sell almost all of its 60% stake in its air conditioning unit to its U.S. joint venture partner for $870 million, ahead of an expected rejig of a turnaround plan that has rankled investors. It will sell 55% of Toshiba Carrier to Carrier Global Corp for…
TOKYO (Reuters) – Toshiba Corp said on Monday it will sell a majority of its 60% stake in air conditioning unit Toshiba Carrier to U.S. joint venture partner Carrier Global Corp for around 100 billion yen ($870 million). (Reporting by Makiko Yamazaki: Editing by Neil Fullick)
By Brenna Hughes Neghaiwi and Silke Koltrowitz ZURICH (Reuters) – Credit Suisse will face charges in a Swiss court on Monday of allowing an alleged Bulgarian cocaine trafficking gang to launder millions of euros, some of it stuffed into suitcases. Swiss prosecutors say the country’s second-biggest bank and one of its former relationship managers did…
By Wayne Cole SYDNEY (Reuters) – Asian share markets eased on Monday after stunningly strong U.S. jobs data soothed concerns about the global economy but also added to the risk of an aggressive tightening by the Federal Reserve. Geopolitics also remained a worry as the White House warned Russia could invade Ukraine any day and…
By William James LONDON (Reuters) – Britain and South Korea will on Monday sign an agreement to reinforce pandemic-damaged supply lines for key products like semiconductors, with trade minister Anne-Marie Trevelyan due to host her counterpart Yeo Han-koo in London. The ministers will also begin work on an improved trade deal as Britain looks to…
By Shashwat Awasthi (Reuters) – Australia and New Zealand Banking Group on Monday joined rival Westpac in flagging lower margins and warned of a first-half hit from “softer” performance in its markets business, sending its shares to a near one-year low. ANZ did not disclose a profit figure for the quarter and said group net…
By Anshuman Daga SINGAPORE (Reuters) – After years of struggling to emerge from the shadows of regional rivals, Singapore Exchange is looking to establish itself as the hub for blank-cheque firms, riding on regulatory overhaul, support by state firms, and a tech boom in its back yard. Encouraged by the flurry of Southeast Asian…
(Reuters) – James Hardie, the world’s largest fibre cement maker, on Monday raised its annual profit forecast for the fourth time this fiscal year, and guided to even higher earnings next year, driven by a boom in the housing sector in North America. New home sales in the United States, which makes up 70% of…
FRANKFURT, Germany (AP) — Fears are rising about what would happen to Europe’s energy supply if Russia were to invade Ukraine and then shut off natural gas exports in retaliation for U.S. and European sanctions. The tensions show the risk of Europe’s reliance on Russia for energy, which supplies about a third of the continent’s…
By Lewis Krauskopf NEW YORK (Reuters) -Wild swings in stocks and a sharp run-up in government bond yields are putting the spotlight on next week’s U.S. inflation data, as investors brace for more volatility across assets. A turbulent week in markets ended with a surge in Treasury yields to their highest level in more than…
