Toshiba fuels fear of crisis after delaying earnings report
by Justin McCurry in Tokyo and agencies from on (#2CM2C)
Shares plunge 8% after Japanese giant says it is 'not ready' to release details about US nuclear subsidiary Westinghouse
Toshiba has unexpectedly delayed the release of a key earnings report and details of its rumoured withdrawal from overseas nuclear projects - including one in the UK - amid reports that it could suffer net losses of 500 billion yen ($4.4bn).
The delay sent shares in the Japanese conglomerate down by 8% in Tokyo, and added to speculation that its financial problems could become an existential crisis.