adminBarclays undergoes shake-up
LONDON. – Barclays yesterday said its finance director and top legal expert had decided to leave the bank, as the British lender undergoes a shake-up in the wake of the Libor rate-riggingJapan’s Hitachi quarterly profit plunges
TOKYO. – Japan’s Hitachi said yesterday that its quarterly profit plunged 41 percent, pointing to weaker demand for construction machinery and automotive equipment for the hit to its earnings. TheUnemployment rises in Spain
MADRID. – The number of Spaniards officially registered as unemployed rose to 4,98 million in January, according to Labour Ministry data released yesterday, as the country’s recession deepened. The numberPanasonic shares soar
Tokyo. – Panasonic shares soared nearly 17 percent yesterday as investors reacted to the Japanese electronics giant’s latest earnings, while rivals Sony and Sharp also spiked on upbeatUS data takes shine off gold
SINGAPORE. – Gold ticked up yesterday but was unable to breach the upside limit of a recent trading range as mostly upbeat US data took some shine off the precious metal, which withers when economicChemco audit triggers alarm
Business ReporterCHEMCO Holdings Limited’s external auditors Ernst & Young have raised concern on aspects of the group’s financial results for the year ended December 31, 2012 and have issued a modified
RTG raises US$4,5m
Walter Muchinguri Assistant Business Editor
RAINBOW Tourism Group Limited has raised US$4,5 million through a renounceable rights offer to its existing shareholders. The total uptake for the rights offer was 28,10 percent, which compares well with