THE HAGUE / AP Royal Philips says an international arbitration panel has ordered Japanese company Funai Electric Co. to pay the Dutch electronics firm $152 million compensation over a breach of contract. Philips launched the arbitration proceedings in 2013 after terminating a $200 million deal to transfer to Funai its audio, video and media accessories unit and license the ...

  Tokyo / AFP Troubled conglomerate Toshiba announced it had booked a $2.3 billion write-down of its US nuclear unit Westinghouse but said the sale of its medical devices business would reduce its forecast net loss for the year ended March. A once proud pillar of corporate Japan, the company has been besieged by problems, most notably a profit-padding scandal ...

  Shanghai / AP The financial services affiliate of Chinese e-commerce giant Alibaba raised $4.5 billion in funding, it said, calling it the largest single private placement by an Internet company. The move values Ant Financial Services Group at roughly $60 billion, the Wall Street Journal reported, quoting people familiar with the situation. Previous media reports had said the company ...