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Micron forecasts weaker sales on slowdown in chips

Bloomberg Micron Technology Inc, the largest US maker of computer memory chips, gave a forecast that fell short of analysts’ estimates, adding to concern that a two-year surge in demand for its products is over. The shares declined as much as 9 percent in extended trading. Revenue in the current period will be $5.7 billion to $6.3 billion, the Boise, ...

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‘US to review curbs on North Korea humanitarian aid’

Bloomberg A US nuclear envoy said Washington would review policies preventing Americans from providing humanitarian to North Korea, including the travel ban, in a potential overture to restart talks with Kim Jong-un. Stephen Biegun, the US’s special representative for North Korea, disclosed the move, as he began a four-day trip to South Korea. The former Ford Motor Co. executive will ...

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Buhari proposes $24 billion budget

Bloomberg Nigerian President Muhammadu Buhari presented an 8.8 trillion-naira ($24.2 billion) budget for next year to lawmakers after the cabinet agreed to reduce spending plans as the nation struggles to meet revenue targets. Nigeria, Africa’s biggest oil producer and most populous nation, has “recovered from recession” after a slump in 2016, Buhari told a joint session of the Senate and ...

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