By Rosalind MATHIESON, Colin NG And John PHILLIPS SINGAPORE—Tokyo shares were down 6.4% in afternoon trading after the massive earthquake and tsunami Friday, but bourses elsewhere in the region were mixed and the Japanese yen fell, a sign global markets were reacting fairly calmly. But the economic and fiscal damage […]

    Last week’s earthquake in Japan could lead to insured losses of nearly $35 billion, risk modelling company AIR Worldwide said, making it one of the most expensive catastrophes in history, reports Reuters. That figure is nearly as much as the entire worldwide catastrophe loss for the global insurance […]

  By Udeme Ekwere Afromedia Plc recorded a profit after tax of N134.67m in its unaudited result for the period ended December 31, 2010. This represents a decrease of 16 per cent or N26.42m from the N161.09m recorded in the corresponding period of 2009. According to the NSE’s weekly report […]