BusinessLatest Business and Company Updates
Mitsubishi UFJ Trust to sue Toshiba over 2015 accounting scandal
TOKYO Mitsubishi UFJ Trust and Banking Corp [MTFGTB.UL] is preparing to sue Toshiba Corp for 1 billion yen ($8.7 million) in damages after its share price tanked due to a $1.3 billion accounting scandal two years ago.The trust bank is seeking compensation on behalf of its client pension funds, a
Region
Moody’s Elevates Sobha Realty’s Sukuk Rating Amidst Strong Financial Performance
Moody's Ratings has upgraded the senior unsecured sukuk rating of PNC Investments LLC , the parent company of Dubai-based Sobha Realty, from Ba3 to Ba2, while affirming the company's corporate family rating at Ba3 with a stable outlook.This
Fannie, Freddie may write down $21 billion due to U.S. tax cut: BMO
NEW YORK U.S. mortgage finance giants Fannie Mae (FNMA.PK) and Freddie Mac (FMCC.PK) may write down $21 billion of tax-related assets if there is a deep cut in the federal corporate tax rate as promised by President Donald Trump, according
Wall St. turns negative as bank stocks weigh
All the three major U.S. indexes opened higher on Tuesday, with the Nasdaq Composite hitting yet another record high, lifted by Apple.Apple (AAPL.O) rose 0.66 percent to an all-time high of $142.40 after the company unveiled a new version of
