Loss-hit Toshiba nosedives on fears about future
Toshiba's woes continue to pile up
Tokyo - AFP
Toshiba shares plunged Wednesday afternoon as fears grow about the future of one of Japan's best-known firms, which is battling massive losses and accounting fraud allegations at its US nuclear unit.
The Tokyo-listed stock dropped 13.62 percent to 186.5 yen with concerns growing that the embattled company's shares could be delisted from the bourse.
The vast conglomerate -- which has about 188,000 employees globally and annual revenue topping 5.6 trillion yen -- won regulatory approval Tuesday to delay releasing its fourth-quarter earnings for a second time.
Toshiba said it needed more time to probe claims of misconduct by senior executives at atomic power unit Westinghouse Electric and gauge the impact on its finances.
The Tokyo Stock Exchange has put Toshiba "under supervision" over concerns about its internal management controls, a designation that means the stock is at risk of being delisted -- a major embarrassment for a pillar of corporate Japan.
source: AFP
GMT 14:10 2017 Monday ,20 November
Embattled Toshiba to boost capital by $5.3 bn share issuanceGMT 03:14 2017 Wednesday ,15 November
TV business to China's HisenseGMT 02:31 2017 Friday ,10 November
Japan's struggling Toshiba logs $436 mn loss in first halfGMT 13:00 2017 Monday ,18 September
Apple, Dell join bid to buy Toshiba's chip business: US fundGMT 05:25 2017 Wednesday ,10 May
Toshiba wrangles with Western Digital over chips unit sale
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 20:57 2017 Tuesday ,14 February
China to avoid bank shock, reach high income
GMT 04:54 2017 Thursday ,19 October
YSL Beauté to launch Dazzling Lights Holiday 2017 collection
GMT 21:29 2017 Monday ,13 February
Korean businessman's death slowed Philippines war on drugs
GMT 14:11 2017 Friday ,18 August
Infosys chief quits in rift with founders
GMT 10:33 2017 Friday ,24 March
Spacewalking French, US astronauts to upgrade orbiting lab
GMT 11:08 2017 Saturday ,16 September
German union attacks Air Berlin administrators for delay
GMT 22:21 2017 Thursday ,27 April
Clashes break out all over West Bank following prisoner solidarity protests
GMT 09:26 2017 Tuesday ,24 October
Biggest non-OPEC oil producers look to Abu Dhabi for new business
GMT 19:59 2017 Saturday ,21 October
Mufti condemns Afghan mosque attacks
GMT 16:43 2017 Saturday ,28 October
SSon of former president Mosri jailed over white weapon
GMT 05:33 2016 Sunday ,18 December
Oil tanker catches fire on Super Highway, 3 killed
GMT 16:15 2017 Tuesday ,11 July
IEA: Oil, gas investment set to recover slightly
GMT 09:12 2018 Wednesday ,12 December
Ford trains 1,600 motorists in Mideast, Africa in 2018
GMT 16:10 2018 Saturday ,08 September
28 children taken ill after food poisoning, discharged from UAE hospitalGMT 18:29 2013 Friday ,08 March
Cheb Khaled tops best French song list
GMT 14:22 2018 Saturday ,20 January
Hariri meets French Foreign Minister
GMT 06:33 2017 Sunday ,31 December
Gazan dies after border clash with Israel forces
GMT 17:06 2017 Monday ,18 December
10 killed in stampede at Bangladeshi politician’s funeral
GMT 23:20 2017 Sunday ,17 December
Central Bank to issue commemorative coins for RAK Chamber
GMT 21:06 2017 Sunday ,17 December
Nasdaq Dubai, Nairobi Securities Exchange sign MoU to support
GMT 19:48 2017 Saturday ,11 March
1202 tourists visit Dahab, Saint Catherine over past 24 hours
GMT 08:04 2017 Wednesday ,26 April
Kuwaiti Foreign Minister Meets Kazakh Counterpart
GMT 07:29 2016 Thursday ,15 September
15 fighters killed
GMT 09:08 2017 Saturday ,15 July
Mubarak name to be removed from public places
GMT 06:41 2017 Wednesday ,08 February
Singer Janat says "Mom Africa" not for football
GMT 02:14 2017 Saturday ,14 October
March21st-April20th
GMT 12:00 2017 Monday ,05 June
24 charred to death, 14 suffer burns as collision with truck in India
GMT 18:22 2017 Saturday ,07 October
Premier directs to allocate more funds to Health Ministry
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor