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TOSHIBA, Japan (AFP) — Toshiba shares jumped Wednesday on expectations it will meet a deadline to submit long-delayed earnings to financial regulators, easing fears the troubled conglomerate’s stock will be yanked from the Tokyo Stock Exchange. The stock soared more than nine percent in early trading, before settling back at 293 yen at the lunch break, up 4.27 percent. There were growing worries that Toshiba, one of Japan’s best-known firms, may not make Thursday’s deadline […]
TOKYO , Japan (AFP) — Nissan Motor confirmed Thursday it was in capital tie-up talks with scandal-hit Mitsubishi Motors, as media reports said the deal would effectively be an acquisition that would create a mega-automotive group. The deal, if agreed, would create a firm that would rival global titans Toyota and Volkswagen in terms of sales volume, Japanese media said. “Nissan and Mitsubishi are discussing various matters including capital cooperation, but nothing has been decided,” […]
TOKYO, Japan (AFP) — Tokyo stocks opened lower Friday, as a stronger yen dented exporters and Wall Street disappointed. US equities fell on Thursday after a recent rally in oil prices fizzled, offering a weak lead to Japanese stocks at the start of the global day. The benchmark Nikkei 225 index at the Tokyo Stock Exchange dropped 0.90 percent, or 146.40 points, to 16,050.40 in opening deals, after a 2.28-percent jump the previous day. The […]
TOKYO, Japan (AFP) — The yen on Tuesday jumped to its highest level against the dollar since late 2014 as a bloodbath on equity markets stoked investor demand for safe assets. In Tokyo, the greenback dropped below 115 yen as Japan’s Nikkei 225 stock index dived almost five percent following a rout in US and European bourses fueled by worries about the global economy. World markets have suffered a tumultuous start to 2016, hit by a […]
Japanese stocks began 2016 on a lower note on Monday (January 4), playing catch-up to falls in U.S. stocks in the last two sessions during Japan’s market holidays. The Nikkei benchmark started the first trade of the year down 1 percent at 18818.58. The Nikkei gained around 9 percent last year. In May last year, the Nikkei average surpassed 20,000 for the first time in 15 years, and in August the total value of the […]
By Meg Teckman (Reuters) — After two delays due to an accounting scandal, Japan’s Toshiba finally closes its books for the past financial year. The company reported an annual net loss of over 300 million dollars as it wades through the fallout of overstating profits to the tune of 1.3 billion over the past few years. This has led to shakeups in Toshiba’s board and top-level resignations as the company pledges to improve corporate […]
