Welcome to Tuesday!
Toshiba chip unit might count on Apple’s multi-billion dollar investment
Apple Inc is actually considering investing at least several billion evergreen bucks in the chip business put up for sale by Japanese Toshiba Corporation. That’s what public broadcaster NHK informed, citing several unidentified sources.
Apple is on the verge of taking a stake of more than 20% the Japanese high-tech giant’s chip business, simultaneously persuading Toshiba to maintain a partial stake for the purpose of keeping the business under American as well as Japanese control to allay the Japanese government's worries, the report said.
Apart from that, Apple is considering a plan, which suggests that Taiwan's Foxconn would also grasp a stake of approximately 30% in its bid. It has been already confirmed by Apple officials.
Toshiba is currently in the process of selling its memory chip unit in order to spur cash just to cover writedowns at American nuclear unit Westinghouse, which have plunged it into crisis.
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
On Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold…