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Pioneer Corp. said its net loss for the fiscal year expanded nearly sevenfold and forecast the current year to be its sixth straight in the red. The Japanese maker of car navigation systems and audio products said its net loss for the year ended March...
Tags: billions yen, net loss
Toyota Motor, the world's largest automaker, announced Friday an annual net loss of 436.9 billion yen (4.4 billion dollars), its first ever, and warned it would fall deeper into the red this year. Toyota president Katsuaki Watanabe blamed "the significant...
Tags: Toyota Motor Corp., Toyota Motor Corporation, annual losses, net losses, annual net, billions yen
BNP Paribas said in a statement that it had no direct investment with Madoff's company but "it does have risk exposure to these funds through its trading business and collateralised lending to funds of hedge funds". "If, as a result of the alleged fraud,...
Tags: bnp paribas, Bernard Madoff, Nomura Holdings Inc., hedge fund, BNP Paribas SA, billions yen, Japan, madoff scandal, risk exposure, invested managed
At the turn of the century, the overseas misadventures of Japan’s biggest mobile operator destroyed some $9bn of value. Recent Japanese shopping in India has been similarly misjudged. Daiichi Sankyo this month paid $4.2bn for a controlling stake in Ranbaxy...
Tags: Japan, backseat passengers, Nikkei, net loss, asian share, seat belts, Aozora Bank, asian stock, billions yen, Intel Corp
The Nikkei average slid 2.9% on Wednesday, dragged down by exporters such as Sony Corp on a firmer yen and amid fears over a global recession and deteriorating corporate earnings. Mitsubishi UFJ Financial Group's shares skidded more than 6% after the...
Tags: year, stock, recession, economic, slowdown, billions yen, trillion yen, Toyota Motor Corp., Asia, Tokyo Shimbun