By Tim Kelly TOKYO (Reuters) – Panasonic Corp forecast on Wednesday flat operating profits this business year as component shortages and rising material costs continue to pose a risk to earnings. The Japanese company predicted operating profit of 360 billion yen for the year to March 31, 2023, little changed from the 357 billion it…
TOKYO (AP) — Toyota’s profit declined 31% in the January-March quarter from the year before, but the Japanese automaker still wrapped up a year of record earnings. Toyota Motor Corp. reported Wednesday a profit of 533.8 billion yen ($4.1 billion) in the last quarter, down from 777.1 billion yen the previous fiscal year. Quarterly sales…
By Nora Buli OSLO (Reuters) – Norway unveiled plans on Wednesday for a major expansion in offshore wind energy by 2040, aiming to turn a country that has built its wealth on oil and gas into an exporter of renewable electricity. The centre-left government, which has come under fire from environmentalists for continuing to support…
On Tuesday, Elon Musk said he would reverse Twitter’s ban of former President Donald Trump, who was booted in January 2021 for inciting violence at the U.S. Capitol, should he succeed in acquiring the social platform for $44 billion. But the day before, the Tesla CEO also said he agrees with the European Union’s new…
STOCKHOLM (Reuters) -Marlboro-maker Philip Morris International Inc (PMI) said on Wednesday it was making a recommended cash offer to buy tobacco and nicotine products maker Swedish Match for 106 Swedish crowns per share. It said the offer value for the Stockholm-listed company amounted to about 161.2 billion Swedish crowns ($16 billion). Swedish Match shares hit…
TOKYO (Reuters) – Panasonic Corp on Wednesday said it expects operating profit growth to be flat this business year as component shortages and rising material costs continued to pose a risk to earnings. The Japanese company forecast operating profit of 360 billion yen in the year to March 31, 2023, little changed from the 357…
Shares fell in Asia on Thursday after the release of worse inflation data than expected sparked heavy selling of technology stocks on Wall Street. Hong Kong’s benchmark dipped 1.5% in early trading following the arrests of several prominent democracy advocates, including a retired Roman Catholic cardinal. Wednesday’s report from the U.S. Labor Department showed inflation…
TOKYO (Reuters) -Japan’s Takeda Pharmaceutical Co said on Wednesday its 12-month operating profit slid 9.5%, although the country’s largest drugmaker forecast a rebound for the current year. Operating profit for the year that ended on March 31 came in at 461 billion yen ($3.54 billion), compared with 509.27 billion yen in the year-ago period, reflecting…
WASHINGTON (AP) — Inflation eased slightly in April after months of relentless increases but remained near a four-decade high, making it hard for millions of American households to keep up with surging prices. Consumer prices jumped 8.3% last month from a year ago, the government said Wednesday. That was below the 8.5% year-over-year surge in…
(Fixes paragraph 2 spelling of Glovis Splendor) SHANGHAI (Reuters) -Tesla Inc sent out a shipment of 4,767 cars from its Shanghai plant on Wednesday for Slovenia, the first batch of exports since the factory reopened on April 19, government-backed media outlet Shanghai Observer reported. The ship Glovis Splendor set off early on Wednesday from Shanghai…
