Mitsubishi Electric plunges on a ban for government orders

Source: Bloomberg
Mitsubishi Electric Corp. dropped to 10-month record low after Japanese officials prohibited competitive tendering for State orders as company overcharged for several aerospace and defence contracts. Mitsubishi Electric fell 15% on Monday and traded at ¥666, the lowest value since March 15. Government has banned Mitsubishi Electric from entering bids until the company gives back money and introduces preventive actions. 
Back to articles

Actual Topics

Mon, 30 Jan 2012 07:33:05 GMT

TonenGeneral prepares to buy Exxon Mobil Japanese unit

TonenGeneral Sekiyu agreed to acquire Exxon Mobil Corp. Japanse division for $3.9bn. TonenGeneral is going to acquire 99% of Exxon Mobil Yugen Kaisha unit which manufactures and sells fuel. The deal will be financed by cash and bank loans. Analysts expect TonenGeneral to seek strategic partner to cover purchasing costs. Japanese refiners are struggling with surging operating costs as government forces them to implement technologies which

Mon, 30 Jan 2012 07:17:37 GMT

Euro breaches gains ahead of EU summit

17-nation currency weakened against the greenback on Monday, breaking five-day gains before EU leaders gather in Brussels to keep struggling with debt crisis. Euro fell 0.3% against US Dollar in Asian trade, reaching $1.3178 and gave up 0.4% against Japanese Yen, dropping to ¥101.03. Currently EUR/USD is trading at $1.3169 while EUR/JPY is trading at ¥101.97.

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.