Toshiba wants Westinghouse to file for bankruptcy as early as Tuesday

Chip sale: Toshiba could sell 20-30% of its chip business. — Reuters

Meanwhile Japanese Finance Minister Taro Aso said on Tuesday he did not want to comment on media reports that Toshiba Corp's U.S nuclear unit, Westinghouse, will file for Chapter 11 bankruptcy protection.

Toshiba wants Westinghouse to file for bankruptcy as early as Tuesday, a source with direct knowledge of the matter told Reuters, seeking a quick ringfencing of losses before the Japanese parent's financial year ends. - Reuters