Bloomberg Toshiba Corp. is bringing in an outsider to lead the Japanese electronics maker battered by accounting scandals, record losses and divestment of businesses. Nobuaki Kurumatani, 60, representative director of CVC Capital Partners Ltd. in Japan and former vice president at Sumitomo Mitsui Banking Corp., will become chief executive officer and chairman of Toshiba Corp., the Tokyo-based manufacturer said in ...

Bloomberg The surprise jailing of Lotte Group Chairman Shin Dong-bin on bribery charges has thrown one of South Korea’s biggest chaebols into further disarray. Now up in the air: a planned initial public offering for Lotte’s hotel unit; its hope of selling its network of stores in China; a restructuring plan for the group; and the family feud between Shin ...

Bloomberg Singapore’s economy lost some of its momentum in the fourth quarter and the government sees growth moderating slightly this year as an export boom in 2017 eases. Gross domestic product rose at a seasonally adjusted, annualized rate of 2.1 percent from prior three months, trade ministry said on Wednesday; Bloomberg survey median was 2 percent, while government’s previous projection ...