Daily News | Toshiba taking a nosedive

We are at the very end of this week in global trading this week, so be sure to make the most of these few short hours that are remaining on the currency market! This Friday, we will discuss the Japanese yen first, which rose from $0.00886 to $0.00889 yesterday. Japan’s Toshiba Corp reported yesterday that it had signed an deal worth 18 billion USD. The deal is about selling its chip unit to a Bain Capital LP led consortium. This is a new attempt by the company to stave off a potential delisting. The sale of the unit was decided last week after a prolonged auction process, but the whole thing was stalled, as Apple Inc, a member of the consortium, wanted to renegotiate terms concerning chip supply. We will see how Toshiba deals with everything next week, so be sure to stick with us! Now for the US dollar. In the same period, it fell from €0.8513 to €0.8486. High-income financiers from Wall Street could be the biggest beneficiaries from a section of President Donald Trump’s tax-cut plan that aimed to improve small businesses. Trump wants to set taxes to the rate of 25%, which could help owners of sole proprietorships and partnerships save a lot of money. They now pay 39.6%. We will keep you in the now next week as well, so stick with us!

Daily News | Test the market without risk

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