Posted inFrance, Japan, Northeast Asia, World

Toshiba shares extend drop as losses mount at US nuclear unit

Shares in Japan’s Toshiba Corp extended losses on Friday, weighed down by concern over a potentially bigger-than-expected US$6 billion writedown triggered by cost overruns at its US nuclear business. The shares fell as much as 6% in early trade before reversing and have lost almost half their value since December when the company first warned […]

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