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  Bloomberg Toshiba Corp. jumped the most on record on optimism the company will be able sell its memory chip division and survive the crisis caused by a writedown at its nuclear business. Shares soared 22 percent, the most on record, according to data compiled by Bloomberg going back to 1974. Volume on Wednesday was three times the 30-day average. ...

  Bloomberg The hints of a pipeline spill are subtle: the hiss of rushing fluid, a streak of rainbow sheen. Tucked far below ground, a ruptured line can escape notice for days or even weeks, especially in the backcountry, where inspectors rarely venture. Regulators in the waning hours of the Obama era wrote rules aimed at changing that, and the ...

  Bloomberg UK Prime Minister Theresa May came under pressure to tighten takeover rules, and do so quickly, in the wake of the failed Kraft Heinz Co. bid for Unilever Plc. “I use the expression sitting ducks, and I’d worry about who’s next,” Vince Cable, Business Secretary until 2015, said in an interview. “We have very weak takeover code in ...

  Dubai / WAM Combining the capabilities of the United Arab Emirates and the Kingdom of Saudi Arabia can create historic opportunities for their people and the whole region, said Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, at a joint retreat held on Saadiyat Island on Tuesday by some 150 Emirati ...

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, continued visiting more pavilions of international and domestic companies for the third consecutive day at the International Defence Exhibition and Conference (IDEX) 2017, at Abu Dhabi’s National Exhibition Centre (ADNEC). He met several delegations, ...

  Dubai / Emirates Business Kicking off its partnership with the 2017 Emirates Airline Festival of Literature, Dubai Festival City opened a unique art exhibition within the centre court of its Mall. From February 20 to March 11, visitors can enjoy 400 pieces of art created by children from 55 schools across the UAE for free. The exhibition, supported by ...

  CAIRO / AP At least 74 bodies of African migrants have washed ashore in western Libya, the Libyan Red Crescent said on Tuesday, the latest tragedy at sea along a perilous trafficking route to Europe. The bodies were found near the western Libyan city of Zawiya on Monday, Red Crescent spokesman Mohammed al-Misrati told The Associated Press, adding that ...

  Bloomberg China’s financial regulators are working together to draft sweeping new rules for the country’s rapidly-expanding asset-management products that aim to make it clear there’s no government guarantees on such investments, according to people familiar with the matter. The draft rules would apply to products issued by banks, insurers, brokerages and other financial institutions, said the people, who asked ...

  Bloomberg Billionaire Mukesh Ambani’s Reliance Jio Infocomm Ltd. will begin charging for its services from April 1 and extended a slew of promotional offers to users as India’s newest wireless carrier attempts to retain customers. Customers who adopt Jio before March 31 will have the option of signing up for Jio Prime at 99 rupees ($1.48), plus a monthly ...

  Bloomberg Natarajan Chandrasekaran took over as chairman of Tata Sons Ltd., the holding company of Tata Group, pledging to improve capital allocation and boost returns from the $100 billion salt-to-software Indian conglomerate. The challenge for Chandrasekaran, or Chandra as he’s known, will be to rekindle growth and revive Tata’s weaker units after almost four months of boardroom turmoil that ...