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Toshiba’s trash becomes someone else’s treasure

Toshiba Corp. forgot to add its cardboard box of bits and bobs to the corporate garage sale. The flailing Japanese group is in the process of selling its prized chips business for $20 billion in badly needed funds, having already hived off a medical device unit and nuclear power. And it continues to consider selling or taking public the Swiss ...

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Hong Kong needs to crack the enigma code

Thrill-seekers in Hong Kong who want to gamble in casinos usually have to take a bumpy, hour-long ferry ride to Macau. Those who crave excitement without leaving the city might do just as well punting on Hong Kong’s small-cap stocks. Structural weaknesses and a reluctance by regulators to delist miscreant companies has turned Hong Kong’s $4.6 trillion stock market into ...

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Haven assets advance as missile test rattles traders

Bloomberg A risk-off mood seeped into markets on Tuesday, with haven assets including gold and the Japanese yen climbing and stocks slipping in the wake of an apparent milestone in North Korea’s weapons program. Early market optimism in Asia — sparked by bullish American economic data yesterday — ebbed as North Korea said it successfully test-fired an intercontinental ballistic missile, ...

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