By Sam Nussey TOKYO (Reuters) – Japan’s Sony slashed the full-year sales forecast for its PlayStation 5 console on Wednesday and said it plans to list its financial business next year as it focuses on entertainment and image sensors. Sony cut its PS5 sales forecast for the year ending March to 21 million units, from …
Sony slashes PS5 sales target, plans 2025 IPO for financial unit Read More »
By Anton Bridge TOKYO (Reuters) -Japan’s Rakuten Group reported on Wednesday a smaller fourth-quarter loss, helped by a stronger performance by its e-commerce and fintech businesses but the result fell short of expectations. The operating loss of 33.3 billion yen ($221 million) was an improvement on a 54 billion yen loss in the third quarter …
Rakuten’s posts smaller Q4 loss but falls short of estimates Read More »
By Sarah Marsh BERLIN (Reuters) – German direct investment in China rose 4% to a record high of 11.9 billion euros ($12.7 billion) last year and increased as a share of the country’s overall investment abroad, according to official Bundesbank data analysed by the IW institute. The data underscores concerns that German firms continue to …
Exclusive-German investment in China rises to new record high Read More »
BANGKOK (Reuters) – Thai Airways International said on Wednesday it has entered into an agreement with Boeing and GE Aerospace for a firm order of 45 wide-body jets to expand its fleet, with deliveries starting in 2027. “The long-term aircraft acquisition plan is crucial for replacing gradually expiring leased and aging aircraft,” Thai Airways said …
Thai Airways to acquire 45 wide-body Boeing jets Read More »
AMSTERDAM (Reuters) – ASML, the largest supplier of equipment to computer chip makers, said on Wednesday that geopolitical tensions and any expansion of a U.S.-led campaign to restrict its exports to China remain business risks. In its annual report published on Wednesday, the Dutch company flagged the growing list of restrictions imposed by the United …
ASML says geopolitics, new export restrictions remain risks Read More »
(This Feb. 13 story has been corrected to show that the revenue forecast is to rise by 6.3%, not 3.9%, in paragraph 1) LONDON (Reuters) – Japan Tobacco on Tuesday forecast a 6.3% rise in 2024 core revenue for its cigarette business, as higher prices and growth in income from smoking alternatives offsets further volume …
Japan Tobacco sees more growth in cigarette revenues in 2024 Read More »
By Doyinsola Oladipo NEW YORK (Reuters) – The buzzword from travel companies for 2024 is “normal.” After the pandemic slammed the brakes on the tourism industry, and the subsequent years were the era of “revenge travel,” hotel operators Hilton Worldwide and Marriott International and online travel agency Expedia expect demand to grow more slowly this …
The new normal: travel companies temper expectations for 2024 Read More »
(Reuters) – China’s BYD Co Ltd is planning to set up a new manufacturing plant in Mexico, Nikkei reported on Wednesday, citing the company’s Mexico head, as the electric vehicle maker aims to establish an export hub to the United States. BYD, which overtook its biggest rival Tesla Inc to become the top EV maker …
China’s BYD plans new electric vehicle plant in Mexico, says Nikkei Read More »
By Foo Yun Chee BRUSSELS (Reuters) -Korean Air won EU antitrust approval on Tuesday to buy Asiana Airlines after the companies agreed to sell the latter’s cargo unit and divest routes to four European cities to a rival. Korean Air, South Korea’s biggest carrier, announced in late 2020 its 1.8-trillion-won ($1.35 billion) bid to become …
Korean Air wins EU antitrust approval for Asiana deal Read More »
By America Hernandez PARIS (Reuters) – The International Energy Agency is launching a program to secure the supply of minerals critical to energy security, as demand rises fast while manufacturing remains in the hands of a few key producers, its executive director said on Tuesday. Fatih Birol said the production of electric cars, solar panels …
IEA to launch security program for minerals critical to energy sector Read More »
