Friday, September 19, 2014
Sony shares plunged Thursday after the electronics giant warned of a US$2.14 billion annual loss linked to its struggling mobile phone unit, taking investors by surprise and dealing another blow to its turnaround plan.
Russia's economy will contract next year as a result of the crisis with Ukraine, the EBRD development bank forecast on Thursday after slashing its prediction for growth.
A consortium led by Hyundai Motor Co. offered more than US$10 billion for land in Seoul's tony Gangnam district where it will build a new headquarters. The sky high price surprised shareholders who sent the automaker's shares down nearly 10 percent.
After announcing it would scrap rice import caps from next year, the South Korean government proposed Thursday an initial 513-percent tariff to soften the impact on a crucial domestic market.
The European Union's highest court says airlines are allowed to charge passengers an extra fee for checking in luggage.
Warner Brothers, the fabled Hollywood studios, plans to eliminate as many as 1,000 jobs, which would be more than 10 percent of its workforce, industry journal Variety reported Wednesday.
Some 200 companies are joining forces to create jobs and training opportunities with the aim of helping the one of every four Europeans under the age of 25 who is unemployed.
British no-frills airline easyJet said on Thursday it had finalized a deal to buy 27 single-aisle A320 jets worth US$2.05 billion at list prices from European aircraft maker Airbus.
World stocks were mostly higher Thursday as Scotland voted in an independence referendum that could shake the UK economy and markets. Sentiment was underpinned by the U.S. Federal Reserve's signal it is not rushing to raise interest rates.
The dollar rose against most currencies in Asia Thursday after the U.S. Federal Reserve hinted interest rates could rise more than initially thought next year, while the pound dipped as Scotland goes to the polls in its independence referendum.