Related Articles
Top Stories
May 25 2012 13:58
The costs of the first phase of the Gauteng Freeway Improvement Project have increased significantly to almost R90bn, according to a report.
May 25 2012 19:13
Uncertainty over the future of the euro zone returned to push the rand down against the dollar.
May 25 2012 11:36
The JSE has identified and stopped "incorrect" trades from one of its members, and will reverse the trades and lower the session's total value after the close.
Tokyo - The Tokyo Stock Exchange said on Friday it would
allow scandal-hit Olympus Corp to remain listed, although it placed the company
on its “security on alert” list for firms it believes are in urgent need
of improving internal management.
Under this probationary status Olympus, engulfed in a $1.7bn
accounting fraud, will have to submit improvement reports for three years but
is in less immediate danger of being delisted than its previous status on the
bourse's supervisory watchlist.
The bourse also said it would fine the medical and endoscope
maker ¥10m.
The stock exchange said it will hold a news conference from
09:30 GMT.
Olympus has lost about 50% of its market value since the
scandal first erupted in October, when it fired British CEO Michael Woodford
for questioning dodgy acquisition deals.