The Traderszone Network

Japan’s Toshiba Corp said its chief executive was stepping down on Tuesday after an independent investigation found he had been aware the company had been inflating its profits over a number of years. CEO and President Hisao Tanaka will be replaced by Chairman Masashi Muromachi effective Wednesday, the company said in a statement, adding it was considering appointing outside directors to over half of its board seats.

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The damage from Toshiba’s accounting scandal may be around triple the initial estimate, but its stock surged anyway.

Here’s how China’s economy has changed since policy makers abolished the yuan’s fixed exchange rate with the dollar on July 21, 2005.
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Mykonos is not Greece. That was the message from businesses in the Greek windy island, which are striving for some normality.

Australia and New Zealand might beat England at cricket – but when it comes to currency markets, the tables are turned.

Europe’s big banks have been witnessing a management shake-up that could help boost the long-term prospects of the banking sector, analysts say.

The prospect of a sanction-free Iran is a “generational” foreign investment opportunity according to investors.