Bloomberg Toshiba Corp. had promised on Tuesday would be the day it explained the depth of trouble in its nuclear business. Instead, the company provided hours of chaos that shook investor confidence and raised new questions about the company’s future. It began with Toshiba confirming plans to report earnings at noon in Tokyo, including a looming multibillion-dollar loss in ...

  Bloomberg Steelmakers aren’t out of the woods yet. A year-long rebound risks fading as a slowdown in China’s property market deepens, exposing bullish sentiment as overblown, according to a US-based hedge fund manager and former Citigroup Inc. analyst. “China’s real estate sector is the biggest X-factor for the steel market globally this year,” Ivan Szpakowski, chief investment officer at ...

  Bloomberg China’s producer prices increased the most since 2011, with the world’s biggest exporter further lifting the outlook for global inflation. Producer price index rose 6.9 percent in January from a year earlier, compared with a median estimate of 6.5 percent in a Bloomberg survey and a 5.5 percent December gain. Consumer-price index climbed 2.5 percent, boosted by the ...

  Bloomberg Australian business conditions jumped to the highest level in more than nine years and the employment gauge surged, diminishing the likelihood of interest-rate cuts in the near term. The business conditions index — a measure of hiring, sales and profits — jumped to 16 in January from a revised 10 in December, a National Australia Bank Ltd. survey ...

  Bloomberg Singapore’s central bank said it will allow foreign takeovers of the country’s three finance companies, as part of wider industry changes that seek to boost lending to small and medium-sized enterprises. The Monetary Authority of Singapore is prepared to consider applications for mergers or acquisitions if any prospective partner “commits to maintaining SME financing as a core business” ...

  Comes now Timothy Geithner, treasury secretary from 2009 to 2013, to tell you that much of what you “know” about Dodd-Frank — Congress’ response to the 2008-09 financial crisis — is wrong. It’s a timely review because the Trump administration is promising to overhaul the law. The title of Geithner’s essay, carried in the current issue of Foreign Affairs, ...

  BNP Paribas SA’s 2016 results should have been a celebration worthy of a guingette. France’s largest bank actually managed to increase revenue as well as earnings amid a backdrop of crushingly low rates and political instability. Yet the stock slumped as much as 5 percent, with investors unimpressed by a slew of one-time costs and the prospect of a ...

  Not so long ago, Mongolia was the world’s fastest-growing economy. Now, by nearly every metric, it’s in a dire fix. Its debt has surged, its currency has plummeted, and its budget deficit has widened alarmingly. Foreign investment has dried up and economic growth all but ceased. Even the poor antelope are beset by plague. Making matters worse, some staggering ...

  In yet another setback to Trump travel ban, a federal judge has granted a preliminary injunction barring the Trump administration from implementing its travel ban in Virginia. It adds to the already existing judicial ruling in place challenging the ban’s constitutionality. Trump issued an executive order in January barring people from seven predominantly Muslim countries from US for 90 ...

  Fancy a truckload of the world’s biggest coal miner? New Delhi is planning to sell a 10 percent stake in Coal India Ltd., the Economic Times reported, without saying where it got the information. Such a deal could be worth about 197 billion rupees ($2.9 billion) at current market prices, and would reduce the government’s share in the company ...