Nuclear company Westinghouse has filed for bankruptcy after posting huge losses. It is the latest setback to hit its troubled parent company.
According to media reports, Japan's biggest nuclear operators are discussing a potential partnership to overcome a crisis in the sector caused by the Fukushima nuclear disaster seven years ago.
Shares in Japanese conglomerate Toshiba have fallen sharply on the Tokyo Stock Exchange. The renewed steep drop came after a report saying the firm's US nuclear unit could be placed into bankruptcy protection.
Japan's troubled Toshiba has failed to present its annual earnings report, saying auditors have yet to approve results reported to them from the previous quarter. Fears of the firm's delisting are still real.
Beleaguered Japanese conglomerate Toshiba faces an existential threat after the announcement of huge nine-month losses. The company's downturn is linked to Westinghouse, Toshiba's US nuclear unit, filing for bankruptcy.
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