Olympus still faces risk of being delisted

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Source: Bloomberg
© Scanpix/Reuters

On Tuesday Tokyo Stock Exchange (TSE) announced Olympus Corp still might be delisted from public trading even if it will manage to announce earnings by December 14.  Announcement was released after issue of independent report depicting false accounting schemes. TSE's report is likely to push down Olympus share price which has recovered since November 8. 

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Tue, 06 Dec 2011 09:35:42 GMT

Bank of Japan faces surge in US dollar demand

Demand for one week Japan's US dollar loans have rocketed 25 times as six central banks reduced greenback borrowing costs, reported Bank of Japan (BOJ). Japanese central bank announced it has approved all the offers for one-week dollar loans amounting to $25 m, and will demand fixed rate at 0.6%. To compare, on November 29 BOJ provided same maturity dollar loans at 1.08% totalling $1m.

Tue, 06 Dec 2011 10:02:07 GMT

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