(Reuters) – Olympus Corp head Tsuyoshi Kikukawa resigned on Wednesday after a scandal over hefty advisory fees wiped out half of the 92-year-old firm’s market value while his successor stuck with the company’s line that it had done nothing wrong. Sources told Reuters that Japan’s securities watchdog was looking into […]

Fitch Ratings says in a newly published special report that the agency expects the financial performance of most of the Fitch-rated Nigerian banks to improve in 2011 as a result of lower impairment charges and funding costs. Over the medium-term, higher levels of credit growth, non-interest income and a greater […]

(Reuters) – U.S. commercial real estate investors believe occupancy and rental rates in most U.S. markets will stay soft in 2012, but competition to buy property in a handful of promising areas could get dangerously hot, according to an influential survey released on Wednesday. Almost three years after the U.S. […]