Japan's Suzuki shutters US car business
Japan's Suzuki said Tuesday it would shut down its money-losing car business in the United States and file for bankruptcy, citing a strong yen and weak demand for its small cars in the US market.
06 November 2012 11:14
Toyota ups full-year profit target to $9.7 billion
Toyota Monday hiked its full-year profit forecast to 780 billion yen ($9.7 billion) despite saying it expected to sell fewer cars due to weakness in Europe and China and a Sino-Japanese territorial row.
Alstom suspends work on Slovenia coal plant over financing
French energy giant Alstom has begun suspending work on a 1.3-billion-euro ($1.67-billion) coal-fired electricity plant in Slovenia after failing to receive financing guarantees from the government.
Android smartphone shipments boom: industry tracker
Android software powered three out of four smartphones shipped worldwide in the recently ended third quarter as the Google-backed mobile platform dominated the market.
03 November 2012 10:25
Samsung sells 3 mn Galaxy Note II smartphones since debut
Samsung Electronics said Friday that global sales of its large Galaxy Note II smartphone had topped three million since its debut in late September, as archrival Apple's iPad mini hit stores.
Brazil fashion industry struggles to take flight
Sao Paulo's Fashion Week is in full swing, giving Brazil the chance to celebrate its status as the world's fifth largest producer of textiles and the fourth biggest producer of finished garments.
KazAtomProm announces Jan-Sep uranium production figure
KazAtomProm is Kazakhstan's major exporter of uranium and its compounds, rare metals, nuclear fuel for nuclear power stations, special equipment, technologies and dual-usage materials.
01 November 2012 23:43
Japan 'misspent' tsunami rebuilding money: audit
Cash earmarked for tsunami reconstruction work was diverted to unrelated projects, a Japanese government audit showed as residents of the devastated northeast voiced frustration over the slow pace of rebuilding.
Panasonic shares plunge after loss forecast
Shares in Panasonic dived nearly 20 percent Thursday after the Japanese firm warned of a mammoth $9.6 billion annual loss in the latest sign of trouble for the nation's hard-hit electronics giants.
01 November 2012 12:42
Dollar, euro gain in Asian trade after China data
The dollar and euro climbed against the yen in Asia on Thursday as positive Chinese manufacturing data boosted risk sentiment, while traders were also looking ahead to a crucial US jobs report.
01 November 2012 10:50
Duopoly fears after Virgin Australia takes Tiger stake
Australia's competition regulator plans to take a hard look at Virgin Australia's planned acquisition of low-cost rival Tiger Airways Australia over concerns about the market becoming a duopoly.
31 October 2012 15:19
Nissan chief wary of China amid island row: report
Nissan would think twice before making new investments in China, the firm's chief told the Financial Times, as Japan-brand auto sales dive amid a territorial row between Tokyo and Beijing.
