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Corporate Finance Accounting

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  • Westfield: Very pleased with H1 results Tuesday, 25 Aug 2015 | 9:07 PM ET
    Westfield: Very pleased with H1 results

    Steven Lowy, co-CEO of Westfield, discusses the company's first-half earnings report and explains why concerns regarding Westfield's cashflow are incorrect.

  • Embattled trader Noble fights back, to limited effect Tuesday, 18 Aug 2015 | 3:47 AM ET
    A worker walks among coils of galvanized steel at a steel factory.

    After months of critics' attacks, Noble clocked a marathon presentation Monday, but it isn't clear the message went the distance.

  • SINGAPORE, Aug 11- Noble Group is considering issuing a convertible note to a strategic investor, one of several steps the commodities trader is assessing to revive investor confidence after a damaging accounting dispute, a person with direct knowledge of the situation told Reuters. The source, who spoke on condition of anonymity because of the sensitivity of...

  • BRASILIA, Aug 11- The biggest threat to Brazilian President Dilma Rousseff's hold on office may come not from a corruption scandal that has ensnared the country's business and political elite but from a less-heralded probe into accounting practices led by a computer science graduate turned lawyer. Julio Marcelo de Oliveira, a prosecutor at Brazil's Federal...

  • BRASILIA, Aug 11- The biggest threat to Brazilian President Dilma Rousseff's hold on office may come not from a corruption scandal that has ensnared the country's business and political elite but from a less-heralded probe into accounting practices led by a computer science graduate turned lawyer. Julio Marcelo de Oliveira, a prosecutor at Brazil's Federal...

  • Has Noble finally sailed clear of Iceberg attacks? Tuesday, 11 Aug 2015 | 12:27 AM ET

    Noble may see some light at the end of a months-long tunnel of attacks, with its stock surge after a report on its accounting suggesting a sentiment shift.

  • What's really hurting commodity trader Noble Group Monday, 10 Aug 2015 | 8:42 PM ET
    What's really hurting commodity trader Noble Group

    Roger Tan, CEO of Voyage Research, says the slump in the commodity sector is hurting Singapore-listed Noble Group more than its accounting and management practices.

  • NEW YORK, Aug 10- When it comes to hiring accountants, U.S. public companies tend to favor people who show a willingness to flatter corporate profits by massaging the numbers, researchers have found. In a study that suggests fighting corporate number-fudging is not just a matter of tweaking a few rules, accounting experts at the University of South Carolina said...

  • *PwC says valuation of contracts comply with accounting rules. SINGAPORE, Aug 10- Noble Group's Chief Executive Yusuf Alireza sought to draw a line under a long-running accounting dispute after a report by board-appointed auditor PricewaterhouseCoopers found no wrongdoing in the company's accounting practices. Shares in Singapore- listed Noble have lost...

  • Crunch time for under-fire Noble Group? Monday, 10 Aug 2015 | 2:18 AM ET

    Having endured months of slings and arrows from negative research reports, Noble's earnings later Monday will be squarely in its critics' sights.

  • *Report shows discussion with Toshiba, auditors on Westinghouse loss. TOKYO, Aug 6- As more details emerge about years of accounts manipulation at Japanese conglomerate Toshiba Corp, corporate governance experts say there needs to be more scrutiny of the role of the company's auditors. But lawyers and corporate governance experts who have analyzed the 294-...

  • TOKYO, Aug 5- Toshiba Corp's chief executive apologized to Prime Minister Shinzo Abe's office on Wednesday after revelations of wide-spread accounting irregularities at the industrial conglomerate embarrassed government efforts to improve the country's corporate governance. An independent inquiry last month found Toshiba had inflated its profits...

  • TOKYO, Aug 5- Toshiba Corp's chief executive apologised to Prime Minister Shinzo Abe's office on Wednesday after revelations of wide-spread accounting irregularities at the industrial conglomerate embarrassed government efforts to improve the country's corporate governance. An independent inquiry last month found Toshiba had inflated its profits...

  • E&Y Japan arm launches internal probe of Toshiba audit Friday, 31 Jul 2015 | 11:36 PM ET

    TOKYO, Aug 1- The Japanese affiliate of Ernst& Young LLC has launched an in-house investigation into its audit of Toshiba Corp in the wake of the electronics maker's $1.2 billion accounting scandal, a person with knowledge of the matter said. Ernst& Young ShinNihon LLC has established a team of about 20 executives to investigate whether there were any problems...

  • Honda reported the first-quarter results under international accounting standards for the first time. Like other Japanese automakers, Honda has benefited from the cheaper yen, which boosts the value of repatriated earnings. Honda is still soaking up hefty quality-related costs as it continues to recall cars equipped with air bag parts made by top supplier...

  • TOKYO, July 31- Honda Motor Co said on Friday its quarterly net profit grew 20 percent, beating estimates as strong sales in North America, its biggest market, and a weak yen helped it absorb the impact of higher quality-related costs. Honda reported the first-quarter results under international accounting standards for the first time. Honda left its financial...

  • China stock regulator restricts 24 trading accounts Thursday, 30 Jul 2015 | 9:50 PM ET
    An investor in front of an electronic board showing stock information at a brokerage house in Fuyang, China, July 28, 2015.

    China's securities regulator said on Friday that it had restricted 24 stock trading accounts for suspected trading irregularities.

  • Toshiba scandal puts focus on Japan's cut-price audits Wednesday, 29 Jul 2015 | 8:50 PM ET

    Toshiba's scandal has raised questions about whether low fees paid by companies to auditors mean they do not spend enough time scrutinizing accounts.

  • HONG KONG, July 30- Toshiba Corp's years-long practice of inflating its profits has raised questions among accounting experts about whether low fees paid by Japan- listed companies to their auditors mean they do not spend enough time scrutinizing company accounts. Toshiba chief executive Hisao Tanaka and a string of other senior officials resigned last...

  • LONDON, July 29- Asking outside auditors to vouch for the accuracy of a bank's key measure of health could help restore investor trust in the sector, a London- based accounting body said on Wednesday. The Institute of Chartered Accountants in England and Wales kicked off a public consultation on how accountants could check on bank capital ratios, a measure of...