December 2016: Toshiba
From 26-29 December Japanese conglomerate Toshiba loses almost half its share price value as investors respond to its multibillion dollar writedown warning. The Financial Times reports a loss of trust among investors in a company that since 2015 has shown “slack corporate governance and repeated disclosure failures”. Japanese R&I downgraded Toshiba’s credit rating from BBB minus to BB. The warning … more