Shares in Toshiba rose to six-month highs after its US unit Westinghouse clinched a nuclear deal in India — a rare bright spot for the Japanese conglomerate that has suffered record losses and streamlined its operations in the wake of a $1.3bn accounting scandal. The Westinghouse deal would mark the first order since the Fukushima Daiichi nuclear disaster in 2011, and sent Toshiba’s shares up as much as 6.4 per cent on Thursday. The US and India this week set a June 2017 deadline to conclude negotiations for Westinghouse to build six AP1000 nuclear reactors in South India.
FT 9th June 2016 read more »