Mitsubishi Motors Corp said its vehicles failed a fuel economy test, sending its shares down more than 15 per cent and wiping $1.2 billion from its market value on Wednesday.
Japan's sixth-largest automaker by market value sai
Asian shares extended losses to three-week lows, while the yen soared to a 17-month high against the dollar as investors bet Japan would be hard pressed to drive down its currency in the face of widespread foreign opposition.
Asian shares and the dollar both lost more ground on Friday as investors began the new quarter in a cautious mood, with glimmers of life in China's economy offset by a darkening mood in Japan.
Activity in C
Ahli United Bank has approved the distribution of a cash dividend of 18 per cent (4.5 cents per share) together with bonus shares of five per cent for shareholders at its recently held Annual General Meeting and the Extraordinary General Meeti
Asian shares rose on Friday, on track for weekly gains, shrugging off global losses logged after the European Central Bank eased aggressively but suggested it was running out of room to cut interest rates even if other stimulus options remaine
Asian shares looked set on Friday to post their strongest week in five months as global investors returned to riskier assets after a string of positive US economic data and a bounce in oil and commodity prices.
Asian shares made guarded gains as a gathering of world finance leaders provided a welter of reassuring comments, but little in the way of actual policy stimulus.
Setting the tone for the Shangahi meeting of th
Asian shares retreated from a seven-week high on Tuesday as the oil price rally that boosted global equity markets reversed, while the euro and sterling were hit by uncertainty over Britain's membership in the European Union.
Asian shares slipped from near three-week highs on Friday as a rally in oil prices reversed and investors remained cautious about the outlook for the global economy.
MSCI's broadest index of Asia-Pacific sh
Al Noor Hospitals Group and Mediclinic International has begun trading shares on the London Stock Exchange.
The newly enlarged Mediclinic Internatinoal now boasts 73 hospitals and 43 clinics in Southern Africa,