Mitsui

Toshiba Corp said it may have to book several billion dollars in losses related to a U.S. nuclear power acquisition, a shock warning that sent its stock tumbling 12 percent and rekindled concerns about its accounting acumen.

Japanese company Mitsui & Co has acquired a 30 percent stake in Koç Holding's technological investment company Inventram, the companies' top executives said in a joint press meeting on Nov. 7. 

The prospect of the merger of three Japanese shipping companies with regular container ship lines, creating the third biggest force in the sector, bodes well for the port of Piraeus.

State sell-off fund TAIPED intends to sell 67 percent of Thessaloniki Port Authority (OLTH) in a single transaction and not in two packages, as previously announced and as was the case with Piraeus Port Authority, while the submission of binding offers is to be put off till early 2017.

Crisis-hit Toshiba warned on Dec. 21 it would book a record $4.5 billion annual loss and slash thousands of jobs, as the vast firm's shares plunged in Tokyo.

The moves are part of a restructuring announced in the wake of an embarrassing accounting scandal that rocked one of Japan's best-known firms.

Toshiba executives on Sept. 30 faced the wrath of shareholders who demanded an explanation after one of Japan's best-known companies was hammered by a billion-dollar accounting scandal.

The president of Toshiba and seven other high-level executives and directors resigned on July 21 over a $1.2 billion accounting scandal blamed on management's overzealous pursuit of profit that has battered one of Japan's best-known firms.

The euro fell on Friday as hopes for a Greek bailout deal took a hit after the International Monetary Fund pulled out of crunch talks between Athens and its creditors.

In Tokyo, the single currency was at $1.1229 and 138.63 yen, against $1.1260 and 139.00 yen in New York.

The dollar bought 123.47 yen against 123.45 yen.