Thu11232017

LAST_UPDATEThu, 23 Nov 2017 9am

Exclusive: Toshiba Flips Back Towards Western Digital Group For Chip Unit Sale - Sources

TOKYO - Toshiba Corp (6502.T) is shifting back toward selling its prized semiconductor unit to a group backed by joint venture partner Western Digital Corp (WDC.O), people familiar with the deal said.

Read more: Exclusive: Toshiba Flips Back Towards Western Digital Group For Chip Unit Sale - Sources

BNM Says Bloomberg Report On Reserves Unbalanced, Rigid Interpretation

KUALA LUMPUR – Bank Negara Malaysia says  the article published by Bloomberg entitled “Malaysia Reserve Buffer Seen by Moody’s as Among Weakest in Asia” on  Sept 18, 2017 focuses only on a rigid interpretation of two economic indicators and therefore presents an unbalanced and simplistic assessment of Malaysia’s international reserves adequacy.

Read more: BNM Says Bloomberg Report On Reserves Unbalanced, Rigid Interpretation

Namibia Not Ready For The Africa Free Trade Area

WINDHOEK -- Namibia is not ready to engage in the proposed African Continent Free Trade Area (CFTA), said the stakeholders present at the national level consultation on the initiative, Namibia Press Agency (NAMPA) reported.

Read more: Namibia Not Ready For The Africa Free Trade Area

Asia Steady After Wall St. Notches Record Highs, Dollar Holds Firm

TOKYO: Asian stocks were mostly steady on Wednesday after Wall Street again rose to record highs, although movements were limited as a wait-and-see mood prevailed before the Federal Reserve reveals its monetary policy stance later in the day.

Read more: Asia Steady After Wall St. Notches Record Highs, Dollar Holds Firm

Stocks Inch Up, Dollar Weakens As Fed Focus Grows

NEW YORK - Global stock markets edged higher on Tuesday and the dollar dipped as investors waited for signals from the U.S. Federal Reserve on when it will hike interest rates again and start shrinking its balance sheet.

Read more: Stocks Inch Up, Dollar Weakens As Fed Focus Grows

Saudi Aramco Could Disclose Accounts Early 2018: Sources

Pic: ReutersLONDON/DUBAI: Saudi Aramco will be able to release its audited financial accounts in early 2018 if the government decides on a venue for listing the oil giant’s IPO and finalizes several reforms this year, three sources said.

Read more: Saudi Aramco Could Disclose Accounts Early 2018: Sources

Swiss Shut Down 'Fake' E-Coin In Latest Cryptocurrency Crackdown

Pic: ReutersZURICH: Switzerland’s financial watchdog has closed down what it said was the provider of a fake cryptocurrency and is investigating around a dozen other possible fraud cases, in the latest clamp-down on the risks involving virtual money.

Read more: Swiss Shut Down 'Fake' E-Coin In Latest Cryptocurrency Crackdown

Norway's Sovereign Wealth Fund Celebrates "Stunning" $1 Trillion Value

Pic: ReutersOSLO: The value of Norway’s sovereign wealth fund officially hit $1 trillion (740 billion pounds) early on Tuesday after outperforming all initial expectations, its manager said in a statement.

Read more: Norway's Sovereign Wealth Fund Celebrates "Stunning" $1 Trillion Value

Toys 'R' Us Files For Bankruptcy Ahead Of Holiday Season

Toys ‘R’ Us Inc, the largest U.S. toy store chain, filed for bankruptcy protection late Monday, the latest sign of turmoil in the retail industry that is caught in a viselike grip of online shopping and discount chains.

Read more: Toys 'R' Us Files For Bankruptcy Ahead Of Holiday Season

Malaysia, Indonesia Need To Invest More In Islamic Finance

KUALA LUMPUR – Malaysia and Indonesia need to invest more in Islamic finance to ensure their offerings are on par with conventional offerings, said HSBC Amanah Malaysia Bhd today.

Read more: Malaysia, Indonesia Need To Invest More In Islamic Finance