In what was a much-anticipated move to address lingering doubts over its book-keeping, Japan's Toshiba Corp said on Tuesday that it booked an impairment charge of 260 billion yen ($2.34 billion/1.5 billion pounds) for the past fiscal year on the nuclear business.   As it booked a pretax...

SWIFT says that it was aware of "a number of recent cyber incidents" where attackers had sent fraudulent messages over its system, warned the global financial network that banks use to transfer billions of dollars every day.   Te scheme involved altering SWIFT software on Bangladesh Bank's...

Hackers that stole $ 81 million from the Central Bank of Bangladesh are likely to have cracked the SWIFT system’s software, which is a basis of the global financial system’s work, said representatives of the British company BAE Systems, developers in the field of armaments and information security....

It is not yet clear whether Mitsubishi Motors Corp would get support from its sister concern - Mitsubishi Heavy Industries Ltd on the issue of fuel economy scandal.   On Monday,  Mitsubishi Heavy Industries Ltd said that it was too early to decide whether to offer support to sister...

As U.S. auto safety authorities said they were seeking information on the matter, Mitsubishi Motors Corp seems to be into further trouble due to its fuel economy scandal.   There were media reports that the automaker had submitted misleading data on at least one more model than disclosed and...

American SunEdison, one of the largest companies in the world in the field of alternative energy, filed for protection from creditors. The statement on the U.S. bankruptcy code 11, Chapter 11, filed on Thursday, April 21 at the court in cases of bankruptcies for the Southern District of New York,...

The Paddy Power Betfair’s underperformance disturbs Credit Suisse. Paddy Power Betfair will be taken in by Credit Suisse, while the former is at “underperform” whereby its target price rest at “8,650p”. However, the latter also states that benefits of a merger agreement between both the companies...

Driven by stronger results in North America and improved performance in Europe, the net income for the first quarter of 2016 or General Motors Co more than doubled to $2 billion, or $1.24 a share, the company said.   The net income per share for the latest quarter was $1.26, well ahead of...

According to a court filing, as Volkswagen braces for a crucial court hearing on Thursday, the car maker is resisting a demand from U.S. plaintiffs to go to trial rather than settle its diesel emissions case with government regulators.   April 21 was the last date that was given to...