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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Toshiba Corp. Declares Bankruptcy for Westinghouse

March, 29 2017
watermark Economic news

Nuclear energy firm Westinghouse has been declared bankrupt by the board of Toshiba Corp. after the Japan-based firm approved a Chapter 11 bankruptcy filing for Westinghouse after Toshiba had previously cautioned of a prospective writedown worth $6.2 billion on the said firm as reported by Nikkei. Prior to this particular development, Westinghouse had been experiencing project delays both in South Carolina and Georgia and this has inevitably led to the said writedown. Westinghouse technology currently makes up for half of  the world’s atomic units.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.