Bloomberg Toshiba Corp. forecast an annual net loss of $968 million on the tax impact of selling its memory chip division to a group led by Bain Capital. The Tokyo-based company revised its forecast from an earlier estimate of 230 billion in net income, according to a statement. The company left its operating profit and sales forecasts for the year ...

Bloomberg Singapore, among the world’s most expensive places to own a vehicle, will stop increasing the total number of cars on its roads next year. The government will cut the annual growth rate for cars and motorcycles to zero from 0.25 percent starting in February, the transport regulator said. “In view of land constraints and competing needs, there is limited ...

Bloomberg Haier Electronics Group Co. opened its first office in Israel this week, expanding its search for smart home technologies. “The decision to open an innovation center is fully aligned with Haier’s strategy: the world is our lab,” said Mr. Wang Ye, vice president and general manager of the Advanced Innovation Center in Haier’s appliance group. Not only will the ...