Toshiba CEO steps down, shares surge on bidding war expectations

Toshiba CEO steps down, shares surge on bidding war expectations

TOKYO — Toshiba Corp CEO Nobuaki Kurumatani resigned on Wednesday amid controversy over a $20 billion buyout bid from CVC Capital Partners and the conglomerate’s shares surged on reports that KKR & Co and Brookfield are also planning offers. Satoshi Tsunakawa, who previously led the company before Kurumatani and until Wednesday was chairman, will once…

Take steps to contain further deterioration in exports, imports: Par Panel

Take steps to contain further deterioration in exports, imports: Par Panel

A parliamentary panel has suggested to the Department of Commerce to take appropriate measures to check further deterioration in exports and crucial imports