19:47, 13 August 2020
watch on Dushanbe time, GMT+5
The State Enterprise of
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weather

Toshiba shares plunge as it delays crucial earnings report

Japanese electronics giant Toshiba has seen its shares dive after the firm

asked to delay releasing details of a multi-billion dollar loss. It was expected to say it was writing off about $6bn (£4.8bn) at its US nuclear business. But the BBC understands Toshiba has not been able to agree with its auditors over how big the writedown should be. The financial chaos has led some analysts to warn the future of the firm is at risk. Toshiba has asked regulators for an extra month before issuing its earnings report - which will include the size of the writedown. Shares fell by as much as 9% on Tuesday and have lost around 50% since late December, when it first warned about the extent of the problems.