By Makiko Yamazaki TOKYO (Reuters) -Toshiba Corp said it now aims to break up into two companies instead of three and also unveiled a big boost to planned shareholder returns in an effort to appease angry investors. Its revised plan is still expected, however, to face much pushback from foreign hedge funds, many of whom…
TOKYO (AP) — Embattled Japanese technology giant Toshiba plans to split into two companies, one focused on infrastructure and the other on devices, in its latest effort to placate unhappy shareholders. As part of the proposed plan, Tokyo-based Toshiba Corp. intends to sell its joint venture stake in Toshiba Carrier Corp. to the U.S.-based Carrier…
By Elizabeth Howcroft LONDON (Reuters) – On Jan. 12, an image of a computer-generated pixelated person was sold for about $50.6 million worth of cryptocurrency on a new online marketplace that caters for non-fungible tokens. It gets stranger. Five minutes later, the same “Meebit” NFT – a virtual character clad in purple shorts and green…
HAMBURG (Reuters) -Aurubis AG, Europe’s largest copper producer, on Monday confirmed an 85% rise in quarterly profits and reiterated increased full-year earnings estimates as high metal prices and strong output boosted results. Aurubis reaffirmed operating earnings before taxes (operating EBT) in the first quarter of its 2021/22 financial year ending Dec. 31 of 152 million…
By Gayatri Suroyo and Stefanno Sulaiman JAKARTA (Reuters) -Indonesia’s economic growth accelerated in the final quarter of last year as consumption perked up following the easing of anti-virus mobility restrictions and as stronger commodity prices pushed exports to record highs. Southeast Asia’s largest economy grew 5.02% on a yearly basis in the October-December quarter, compared…
By John McCrank NEW YORK (Reuters) – Asian investors can now buy and sell U.S. stocks during Korean business hours in real time through a partnership between Samsung Securities and U.S.-based off-exchange trading venue operator Blue Ocean Technologies LLC, the companies said on Monday. “This is the first time in the history of the U.S….
By Bhargav Acharya and Shivani Tanna (Reuters) – Spotify Chief Executive Officer Daniel Ek said on Sunday he “strongly” condemns racial slurs and other comments made by popular U.S. podcaster Joe Rogan but will not be removing him from the platform. Ek’s comments, sent in a letter to staff seen by Reuters, come on the…
BEIJING (AP) — Asian stock markets were mixed Tuesday after Wall Street fell as investors watched for signs of whether global central banks will try to cool inflation by speeding up the withdrawal of economic stimulus. Shanghai and Hong Kong declined. Tokyo, Seoul and Sydney advanced. In New York, the benchmark S&P 500 index sank…
By Makiko Yamazaki TOKYO (Reuters) -Toshiba Corp said on Monday it now aims to split into two companies instead of three as previously planned. It wants to split off its device business but no longer plans to split off its infrastructure business. The Japanese conglomerate now also plans to increase shareholder returns to 300 billion…
By Makiko Yamazaki 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 – the deal coming ahead of a rejig of a contentious turnaround plan expected later in the day. The sale of 55%…
