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  • Forex news for North American trade on September 18, 2017 Markets: - Euro and US dollar lead, Canadian dollar lags - WTI crude up 3-cents to $49.92 - Gold down $13 to $1307 Mark Carney cast himself as The Reluctant Hawk in a speech on Monday and that helped to unwind 100 pips of the recent monster cable rally. He said

    ForexLive Americas FX news wrap: US dollar bid returns

    Forex news for North American trade on September 18, 2017 Markets: - Euro and US dollar lead, Canadian dollar lags - WTI crude up 3-cents to $49.92 - Gold down $13 to $1307 Mark Carney cast himself as The Reluctant Hawk in a speech on Monday and that helped to unwind 100 pips of the recent monster cable rally. He said
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  • US tech titans Apple and Dell have joined a bid to buy Toshiba's memory chip business, a deal seen as key to the survival of the cash-stripped Japanese industrial conglomerate, the US investor leading the consortium has said."Last week Bain Capital made a revised offer" for Toshiba, which "brings in a broad list of strategic partners including Apple, Dell" and others who will invest in the business, Bain Capital said in a statement obtained by AFP on Sunday.It was the first time Apple's name has been officially confirmed as part of the bid, although it has reportedly also been involved in rival bids for the lucrative Toshiba segment.The announcement came after Toshiba said last week it had picked the Bain Capital-led consortium as the leading candidate to buy its prized chip business in a deal reportedly worth some $18 billion.The development was the latest twist in a long-running saga as Toshiba agonises between three groups of suitors for its chip business.The Bain Cap..

    Apple, Dell Join Bid to Buy Toshiba’s Chip Business: Bain

    US tech titans Apple and Dell have joined a bid to buy Toshiba's memory chip business, a deal seen as key to the survival of the cash-stripped Japanese industrial conglomerate, the US investor leading the consortium has said."Last week Bain Capital made a revised offer" for Toshiba, which "brings in a broad list of strategic partners including Apple, Dell" and others who will invest in the business, Bain Capital said in a statement obtained by AFP on Sunday.It was the first time Apple's name has been officially confirmed as part of the bid, although it has reportedly also been involved in rival bids for the lucrative Toshiba segment.The announcement came after Toshiba said last week it had picked the Bain Capital-led consortium as the leading candidate to buy its prized chip business in a deal reportedly worth some $18 billion.The development was the latest twist in a long-running saga as Toshiba agonises between three groups of suitors for its chip business.The Bain Cap..
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  • When Liberty Media purchased Formula One from Bernie Ecclestone in January, attitude towards the sport shifted. Attention was directly pointed towards growing the series' fan base, and as numbers have proven, the company's efforts are working. Not only that, they've drawn in other potential venues to Formula One, as F1 commercial chief Sean Bratches tells, with nearly 40 locations looking to add a race since the start of 2017.In an interview with Motorsport.com, Bratches explained that F1's growth has seen broadened potential in more ways than one. He noted that in the short time in his position, he's been approached by fans and hopeful business partners alike in hopes of bringing more races to their municipalities.“Right now by the operation of the Concorde Agreement, the cap is 25,” Bratches said. “In the seven months I’ve been in this job I’ve probably had about 40 countries, cities, municipalities, principalities approach me about interest in hosting an F..

    Formula One Has Received 40 Bids For Potential GP Venues in 2017

    When Liberty Media purchased Formula One from Bernie Ecclestone in January, attitude towards the sport shifted. Attention was directly pointed towards growing the series' fan base, and as numbers have proven, the company's efforts are working. Not only that, they've drawn in other potential venues to Formula One, as F1 commercial chief Sean Bratches tells, with nearly 40 locations looking to add a race since the start of 2017.In an interview with Motorsport.com, Bratches explained that F1's growth has seen broadened potential in more ways than one. He noted that in the short time in his position, he's been approached by fans and hopeful business partners alike in hopes of bringing more races to their municipalities.“Right now by the operation of the Concorde Agreement, the cap is 25,” Bratches said. “In the seven months I’ve been in this job I’ve probably had about 40 countries, cities, municipalities, principalities approach me about interest in hosting an F..
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  • Manchester City have received a bid of more than £20million for defender Eliaquim Mangala from Crystal Palace, Press Association Sport understands.The London club may have turned their attention to the 26-year-old centre-back after failing to make progress in their pursuit of Liverpool's Mamadou Sakho.Palace are now awaiting a response from City, who could be highly active on transfer deadline day.Selling Mangala, who spent last season on loan at Valencia, could prompt the club to accelerate efforts to land Jonny Evans from West Brom.City have failed with two previous bids for former Manchester United defender Evans, the most recent worth a reported £18million.Evans, who is currently on international duty with Northern Ireland, has also attracted interest from Leicester and Arsenal.City have spent more than £200million on players during the summer transfer window but are still keen to bring in a central defender.Mangala, who has failed to impress since joining the club in a..

    Crystal Palace submit £20million-plus bid for Man City defender Eliaquim Mangala

    Manchester City have received a bid of more than £20million for defender Eliaquim Mangala from Crystal Palace, Press Association Sport understands.The London club may have turned their attention to the 26-year-old centre-back after failing to make progress in their pursuit of Liverpool's Mamadou Sakho.Palace are now awaiting a response from City, who could be highly active on transfer deadline day.Selling Mangala, who spent last season on loan at Valencia, could prompt the club to accelerate efforts to land Jonny Evans from West Brom.City have failed with two previous bids for former Manchester United defender Evans, the most recent worth a reported £18million.Evans, who is currently on international duty with Northern Ireland, has also attracted interest from Leicester and Arsenal.City have spent more than £200million on players during the summer transfer window but are still keen to bring in a central defender.Mangala, who has failed to impress since joining the club in a..
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  • Dangerous days in Swiss franc trading If you're trading EUR/CHF these days, it better be with a wide stop. A look at any shorter term chart shows the risks of air pockets.

    EUR/CHF catches a quick bid as the spikes continue

    Dangerous days in Swiss franc trading If you're trading EUR/CHF these days, it better be with a wide stop. A look at any shorter term chart shows the risks of air pockets.
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  • Gut check time Looks like a quick round of short-covering in a US dollar position ahead of the speech. I can see why someone would cover because there is much more risk to the upside for the US dollar on a hawkish speech than downside risk on a dovish speech.

    US dollar catches a bid in the countdown to Yellen

    Gut check time Looks like a quick round of short-covering in a US dollar position ahead of the speech. I can see why someone would cover because there is much more risk to the upside for the US dollar on a hawkish speech than downside risk on a dovish speech.
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  • Western Digital Corp has sought a court injunction to prevent Toshiba Corp from selling its chip business without the US firm's consent - a move that threatens to throw the fiercely contested auction into disarray.The escalation in the spat between Western Digital, which jointly operates Toshiba's main chip plant, and its business partner follows tense last-minute jockeying by suitors for the world's second-biggest producer of NAND semiconductors.According to a person familiar with the matter, the California-based firm has been left out of a new Japan government-led group being formed to bid for the unit.Toshiba's "attempts to circumvent our contractual rights have left us with no choice but to take this action," Western Digital's Chief Executive Steve Milligan said in a statement.Japan Urges Toshiba, Western Digital to Get Along as Chip Spat Flares"Left unchecked, Toshiba would pursue a course that clearly violates these rights," he added.Western Digital..

    Western Digital Moves to Court in a Bid to Block Sale of Toshiba Chip Unit

    Western Digital Corp has sought a court injunction to prevent Toshiba Corp from selling its chip business without the US firm's consent - a move that threatens to throw the fiercely contested auction into disarray.The escalation in the spat between Western Digital, which jointly operates Toshiba's main chip plant, and its business partner follows tense last-minute jockeying by suitors for the world's second-biggest producer of NAND semiconductors.According to a person familiar with the matter, the California-based firm has been left out of a new Japan government-led group being formed to bid for the unit.Toshiba's "attempts to circumvent our contractual rights have left us with no choice but to take this action," Western Digital's Chief Executive Steve Milligan said in a statement.Japan Urges Toshiba, Western Digital to Get Along as Chip Spat Flares"Left unchecked, Toshiba would pursue a course that clearly violates these rights," he added.Western Digital..
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  • Western Digital Corp said it and US private equity firm KKR & Co LP have resubmitted a bid for Toshiba Corp's prized flash memory chip unit - an eleventh hour effort to prevent Toshiba signing a deal with its preferred bidder.Western Digital, which jointly runs Toshiba's main semiconductor plant, has been feuding bitterly with its Japanese partner over the sale of the world's No. 2 producer of NAND chips and has sought a US court injunction to prevent any deal that does not have its consent.Toshiba is seeking to sign a definitive agreement with a group led by the Japanese government and including Bain Capital which has offered around JPY 2 trillion ($18 billion) - by Wednesday, the day of its annual shareholders meeting.Western Digital will provide debt financing to facilitate a sale as part of the bid, the US firm said in a brief statement.It was not immediately clear if the resubmitted bid had significantly changed from its previous offer tabled earlier this month...

    Western Digital Resubmits Bid for Toshiba Chip Unit at Last Minute

    Western Digital Corp said it and US private equity firm KKR & Co LP have resubmitted a bid for Toshiba Corp's prized flash memory chip unit - an eleventh hour effort to prevent Toshiba signing a deal with its preferred bidder.Western Digital, which jointly runs Toshiba's main semiconductor plant, has been feuding bitterly with its Japanese partner over the sale of the world's No. 2 producer of NAND chips and has sought a US court injunction to prevent any deal that does not have its consent.Toshiba is seeking to sign a definitive agreement with a group led by the Japanese government and including Bain Capital which has offered around JPY 2 trillion ($18 billion) - by Wednesday, the day of its annual shareholders meeting.Western Digital will provide debt financing to facilitate a sale as part of the bid, the US firm said in a brief statement.It was not immediately clear if the resubmitted bid had significantly changed from its previous offer tabled earlier this month...
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  • A US judge did not reach a decision Friday in Western Digital's bid to temporarily block Toshiba from selling its flash memory business in an $18 billion deal but proposed requiring Toshiba to give Western Digital two weeks' notice before closing.Toshiba is scrambling to sell its flash memory unit to cover losses from its nuclear reactor business.In late June, Toshiba announced its preferred bidder was a group made up of Bain Capital, South Korean chip maker SK Hynix and Japanese-government backed banks that offered $18 billion (roughly Rs. 1,15,843 crores).Western Digital, which is also bidding, sued Toshiba in San Francisco County Superior Court in mid-June, saying it believed a joint venture with Toshiba means Toshiba needs its consent to sell the flash business.Western Digital's joint venture with Toshiba helps finance equipment at Toshiba's plants in exchange for some of their output.Western Digital Gets US Court Order to Access Toshiba Databases, Chip Sam..

    Decision on Western Digital’s Bid to Block Toshiba Memory Unit Sale Postponed

    A US judge did not reach a decision Friday in Western Digital's bid to temporarily block Toshiba from selling its flash memory business in an $18 billion deal but proposed requiring Toshiba to give Western Digital two weeks' notice before closing.Toshiba is scrambling to sell its flash memory unit to cover losses from its nuclear reactor business.In late June, Toshiba announced its preferred bidder was a group made up of Bain Capital, South Korean chip maker SK Hynix and Japanese-government backed banks that offered $18 billion (roughly Rs. 1,15,843 crores).Western Digital, which is also bidding, sued Toshiba in San Francisco County Superior Court in mid-June, saying it believed a joint venture with Toshiba means Toshiba needs its consent to sell the flash business.Western Digital's joint venture with Toshiba helps finance equipment at Toshiba's plants in exchange for some of their output.Western Digital Gets US Court Order to Access Toshiba Databases, Chip Sam..
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  • Michael Carrick is philosophical rather than frustrated as the midfielder waits to make his first competitive appearance as Manchester United captain. The long-serving 36-year-old midfielder was named skipper following Wayne Rooney's departure after 13 record-breaking years at Old Trafford. However, Carrick's elevation has not guaranteed him minutes, having been an unused substitute in the UEFA Super Cup defeat to Real Madrid and left out of the squad entirely against West Ham.The midfielder watched his team-mates open their Premier League campaign with a 4-0 win from the directors' box but is looking at the wider picture."We've got a great squad," Carrick said. "It's a long season and there will be a lot of games. Hopefully we can go far in the cup competitions."There will be a lot of games, just like last year and there is going to be a lot of rotation of the squad. It's good."It's a great start for us. We're not getting carried away."I..

    New Manchester United captain Michael Carrick bides his time

    Michael Carrick is philosophical rather than frustrated as the midfielder waits to make his first competitive appearance as Manchester United captain. The long-serving 36-year-old midfielder was named skipper following Wayne Rooney's departure after 13 record-breaking years at Old Trafford. However, Carrick's elevation has not guaranteed him minutes, having been an unused substitute in the UEFA Super Cup defeat to Real Madrid and left out of the squad entirely against West Ham.The midfielder watched his team-mates open their Premier League campaign with a 4-0 win from the directors' box but is looking at the wider picture."We've got a great squad," Carrick said. "It's a long season and there will be a lot of games. Hopefully we can go far in the cup competitions."There will be a lot of games, just like last year and there is going to be a lot of rotation of the squad. It's good."It's a great start for us. We're not getting carried away."I..
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