Toshiba Picks Bain-Apple for Memory Chip Business Sale, Says WSJ

Toshiba Picks Bain-Apple for  Memory Chip Business Sale, Says WSJ
Toshiba (6502.JP) has decided to sell its NAND memory-chip manufacturing unit from a consortium including private-equity firm Bain Capital, technology giant Apple (AAPL) and Dell Technologies, according to the Wall Street Journal . However, the parties have not yet reached a definitive agreement and opposition to the deal remains, according to the report citing a person familiar with the matter. The... Read More

Sony Cut to Neutral by Credit Suisse

Sony Cut to Neutral by Credit Suisse
Credit Suisse has downgraded Sony (6758.JP) to neutral from outperform on concerns that earnings for the Japanese electronics and entertainment group are beginning to plateau. The broker reckons that demand for semiconductors will grow in the 2019 financial year due to  CMOS image sensors used in dual-camera smartphones. However, this will only translate into 4% profit growth. Credit Suisse forecasts... Read More

European Equities Mainly Higher as Oil Prices Gain Traction, Telecom Stocks Advance

European Equities Mainly Higher as Oil Prices Gain Traction, Telecom Stocks Advance
European equity benchmarks were mainly higher in early trade on Wednesday as German producer price inflation advanced, oil prices gained traction and telecommunication stocks logged gains. In economic news, Germany’s index of producer prices for industrial products rose by 2.6% in August compared with the corresponding month of the preceding year, according to Destatis, Germany’s federal statistics office. In July... Read More