Tepco needs additional $9bn to compensate nuclear disaster

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Source: BBC

Tepco was asked for additional $9bn to pay compensation to the victims of Fukuhima nuclear disaster. The company faced about $100bn in claims for compensation as more than 80,000 people were affected by the March disaster at the Fukushima Daiichi plant. Currently, Tepco is short of funds thus uncertainty over the company's future is increasing.

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Tue, 27 Dec 2011 12:07:48 GMT

Samsung purchases Sony's stake in LCD venture

Samsung Electronics buys out the entire stake of Sony Corp. in the LCD joint venture. Samsung will pay $939m in cash for Sony's stake. The sale followed Sony's restructuring of its TV operations that have made loss for seventh consecutive year. After acquiring the stake Samsung will become number one manufacturer of TVs and screen panels.

Tue, 27 Dec 2011 12:04:36 GMT

Switzerland's UBS consumption indicator falls in November

Swiss UBS consumption indicator decreased in November, falling for the first time in the last three months. The indicator eased down by 0.09 points to 0.81 last month from 0.90 in October. Analysts claim the indicator was affected by lower prices and increased number of purchases made abroad. After the data release, the Swiss Franc appreciated against the USD with the pair USD/CHF edging down

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