Market News News Page 12

Shareholders in Olympus will finally get the opportunity to grill the management on the accounting scandal that led to the stock price plummeting.An extraordinary general meeting (EGM) has been called on 20 April. The company has admitted it has been hiding losses of $1.7bn (£1bn) for up to twenty years, reports the BBC. The scandal has...

Shares of Australian mining firm Lynas have risen after it received a licence from Malaysian authorities to run a rare earth refinery in the SE Asian country. Lynas shares ended 19% stronger at A$1.590 at the Australian Securities Exchange. After being completed, the plant is to be one of the largest supply sources of rare earth elements...

The chief executive of the Royal Bank of Scotland Stephen Hester has given in to political pressure and will not accept his bonus, which is worth almost £1m. The bonus was offered in the form of a shares-only payment , and was valued at £963,000. Chancellor George Osborne described the decision as "sensible and welcome", while...