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Toys ‘R’ Us Considering $2 Billion IPO For Asia Business: Report

Toys “R” Us announced in September it filed for bankruptcy in the face of declines in revenue, given the price competition from online retailers and its inability to service debt. While the company’s North American business is in the doldrums, it seems to be doing quite well in Asia, where a report Tuesday claimed it was considering a $2 billion initial public offering (IPO). The Asian subsidiary, Toys “R” Us Asia, was set up in 1986, and the parent company holds about 85 percent stake in it, the rest owned…

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Trump in Asia Will Call for Increased Pressure on North Korea

President Donald Trump will ask U.S. allies to pressure North Korea on its nuclear program in an upcoming trip to the Asia-Pacific region.   The White House says Trump will travel in November to Japan, South Korea, China, Vietnam and the Philippines from November 3 to November 14. Trump will also stop in Hawaii.   The White House said that in South Korea, Trump will meet with President Moon Jae-in and “call on the international community to join together in maximizing pressure on North Korea.”   In Japan, Trump will…

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