Toshiba Shares Drop More than 20% on Loss Warning
Toshiba
Tokyo - QNA
Toshiba shares fell more than 20% soon after the market opened in Tokyo on Wednesday. The fall follows the firm's announcement that it may log a huge loss from its nuclear business in the United States.
The share price dropped 80 points from the previous day to 311.60. The decline was large enough for trading in the firm's stocks to be automatically stopped, Japan's broadcaster (NHK World) reported. The struggling Japanese electronics giant said on Tuesday that it may post several billion dollars in losses.
Market sources say a sense of distrust among investors is clearly displayed. They say there is also uncertainty about whether the company can quickly bolster its capital base.
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Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
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Moscow - TASS
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London - DPA
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Spain - DPA
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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
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