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Bankruptcy. Gene otani joins us. Toshiba says it will file chapter 11 bankruptcy as it tries to rebuild its financials. Toshiba is expected to log a loss of about 6 billion this year. They plan to sell their majority stake in westinghouse and remove the subsidiary from the consolidate consolidated. Tokyo stocks Phoebe Amoroso has more. Lets take a look at the closing levels for this tuesday, march 28th. Nikkei finished at 19,202. The broader top ix rose 1. 3 . Oiler developer inpex and showa shell both closed higher. Shares bounced back after a weaker yen, including sumco, panasonic and tokyo electron. But toshiba continued to struggle, closing down. 5 . The nikkei was able to recover some of its losses from mondays session, but investors are still waiting for clarity on how and when trump will implement his fiscal stimulus plan. Im Phoebe Amoroso, reporting from the tokyo st ....
This is todays edition of worldwide exchange. Im ross westgate. Im kelly evans. These are your headlines from around the world the bulls are on the run. The dow hits an alltime high 164,286, surpassing the 2007 record. Telecom lead the beltway in europe with vodafone up more than 5 on report it could be eyeing a full merger with or sale to wireless giant verizon. Venezuela mourns the death of president hugo chavez as the rest of the world eyes the future of the countrys leadership and its vast oil reserves. One hour into the trading day in europe, fresh record highs on the dow. European stocks are looking for a softer start as you see. Were weighted to the upside 73. Advancers outpace decliners on the dow jones 600. Trading at multiyear highs and pushing higher this morning. The ftse 6,448. Consolidated the move, up. 25 as you see. Looking ahead to the bank of england tomorrow. Xetera dax up nearly 1 . The ibex up. Had . The. 4 , the mib up. 1 . As far as bond markets, interesting move ....
KUALA LUMPUR: KNM Group Bhd and its subsidiaries have proposed to undertake five corporate exercises to raise funds to enhance their financial position and accelerate the group’s future growth. ....
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