North Korea Missile Launch Seen a Challenge
May.14 -- North Korea's latest missile test weighs on markets and has drawn condemnation from all around the world. Bloomberg's Peter Pae reports on "Bloomberg Markets: Asia."
Western Digital takes legal action to block sale of Toshiba’s chip unit
Western Digital Corp (WDC.O) has sought international arbitration to stop partner Toshiba Corp from selling its chips arm without its consent, potentially derailing a much-needed capital injection for the Japanese conglomerate. Although the two companies jointly operate Toshiba's main semiconductor plant, Western Digital is not seen as a favored bidder for the world's second biggest NAND chip producer, having put in a much lower offer than other suitors, a source with knowledge of the matter has said. A legal battle could delay or put an end to the auction that could fetch some $18 billion and has attracted suitors such as private equity firm KKR & Co LP (KKR.N), Taiwan's Foxconn (2317.TW) and U.S. chipmaker Broadcom (AVGO.O).
The latest: Australia says China responsible for NKorea
The Latest on North Korea's missile launch (all times local): 12:30 p.m. Australia's prime minister has called on China to use its leverage over North Korea to end the regime's missile testing. Prime Minister ...
Lyft and Waymo are teaming up to work on self-driving cars
Waymo and Lyft are forging a new partnership to work on self-driving cars, spokespeople for both...
Asia stocks shrug off cyberattack, North Korea threats to hit two-year high, oil jumps
Asian stocks were resilient on Monday, edging up to a two-year high after shaking off threats posed by a ransomware attack that locked up more than 200,000 computers in over 150 countries, a missile test by North Korea and weak U.S. data.
Oil jumps after Saudis, Russia say supply cut to be extended to March 2018
Oil prices jumped by over 1.5 percent on Monday after the Saudi Arabian and Russian energy ministers said in a joint statement that an OPEC-led crude production cut would be extended from the middle of this year until March 2018. International Brent crude futures were at $51.63 per barrel at 0255 GMT, up 79 cents, or 1.6 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $48.61 per barrel, up 77 cents, or 1.6 percent.
Stocks shaky, safe havens up after cyber attack, North Korea missile test
Asian stocks got off to a shaky start on Monday as a ransomware attack that locked up more than 200,000 computers in over 150 countries and a missile test by North Korea on Sunday kept investors on edge. Safe-haven assets including the yen, gold and U.S. Treasuries held their gains from Friday after weaker-than-expected economic data from the U.S. dented risk appetite. Japan's Nikkei retreated 0.3 percent on a stronger yen.