TOKYO, March 23 Reuters Toshiba Corp39;s board on Thursday accepted a buyout offer from a group led by private equity firm Japan Industrial Partners JIP, ending months of speculation over whether the investors would be able to take it private. The deal would potentially draw a line under the Japanese conglomerate39;s recent troubled history. Here is a timeline […]

March 23 Reuters Accenture Plc lowered its annual revenue and profit forecasts and decided to cut about 2.5 of its workforce, or 19,000 jobs, the latest sign that the worsening global economic outlook was sapping corporate spending on IT services. More than half of the jobs to be cut will be in its nonbillable corporate […]

FRANKFURT, March 23 Reuters Lloyd39;s of London SOLYD.UL swung to a pretax loss in 2022 and took writedowns on its fixedincome investments, it said on Thursday. The pretax loss was 800 million pounds 982.56 million, compared with a profit of 2.3 billion pounds a year earlier. Rising interest rates have hit investments at many financial […]

HONG KONG, March 23 Reuters China Evergrande Group39;s offshore debt restructuring proposal, a test of investor sentiment towards the cashsqueezed property sector, failed to impress because of its long repayment period and lack of enough sweeteners, creditors and analysts said. Evergrande is the world39;s most indebted developer with around 300 billion in liabilities. Its offshore debt restructuring, […]

ZURICH, March 23 Reuters Switzerland39;s financial market regulator FINMA defended its decision to impose steep losses on some of Credit Suisse bondholders on Thursday, saying the decision was legally watertight. On Sunday, Switzerland announced a multibillion franc rescue of Credit Suisse, which will see it taken over by UBS. As part of that deal the Swiss regulator […]