Following the scandal in fuel mileage data, it seems Mitsubishi Motors Corp. has to skip its earning forecast for the current financial year. While the company's shares have already lost one-third of its market value.
Apple has been forced to shut down its iBooks and iTunes Movies Services since last week, following stringent Chinese laws for regulating web contents. However, the shutting down has been made following a 2008 rule that restricts foreign ownership of any enterprise involved in broadcasting movie contents inside Chinese territory. Industry insiders have expressed their surprise how Apple has been allowed to operate in China despite the existence of such law.
SunEdison resorts to equity partners for its India operation after it had filed Chapter 11 on Thursday. Many investors are disappointed about too many acquisitions leading to many debts and are skeptical about the future of the newly-acquired companies.
ICSID ordered Venezuela to pay Vestey Group close to $100 million (£70 million) for taking over its ranch. The decision gives more pressure to country which has been burdened by continuous plunge of oil price.
