From Fnno.com, This is the financial news network. Here’s what’s in the news for Friday August 31, 2012. The Wall Street Journal reports Nomura Holdings (NYSE:NMR) said it’s planning to cut costs by $1B next fiscal year, in the first indication of how Japan’s biggest brokerage is changing course under new management. The cuts come after another $1B in cost reductions in its wholesale business implemented earlier this year. Reuters reports Fed Chairman Ben Bernanke will likely acknowledge the U.S. central bank is actively considering another round of monetary easing in his keynote in Jackson Hole today. But he could disappoint financial markets if he stops short of signaling another bond-buying program, which many analysts say is a strong possibility. Reuters also reports as AIG (NYSE:AIG) becomes free next week to sell a $7.6B stake in former unit AIA, bankers in Hong Kong are angling for a role in what may be Asia-Pacific’s biggest stock market event of the year. Bloomberg reports the sale of corporate bonds worldwide jumped to the most on record for August as issuers rushed to lock in record-low borrowing costs. Siemens (NYSE:SI) and JPMorgan Chase (NYSE:JPM) led borrowers selling $237.6B of debt this month, more than the $235.3B raised in August 2010. Finally, Bloomberg also reports concerned about Apple (NASDAQ:AAPL) and Google (NASDAQ:GOOG), manufacturers including Toshiba (PINK:TOSBF), LG Electronics and Royal Philips Electronics (NYSE:PHG) are coming together to develop a common system that allows users to listen to music, watch videos and play games via the Internet on TV sets. For more financial news and analysis follow us on Twitter @FNNOnline or check out our website at fnno.com.
