News tagged with global slowdown
Japan's Panasonic set for $10.2 billion loss
Japan's Panasonic on Friday warned it would see its worst-ever net loss of 780 billion yen ($10.2 billion) for the year to March, blaming the strong yen, flooding in Thailand, and acquisition costs.
Feb 03, 2012 |
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Tough economy curbs clean energy investment: experts
A global economic slowdown and the eurozone debt crisis have curbed government investment in renewable energy, experts warned Tuesday.
Technology / Energy & Green Tech
Jan 17, 2012 |
5 / 5 (1) |
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Chairman says Samsung to focus on new products
South Korea's Samsung Electronics will this year focus on developing new products and tapping into new businesses to get ahead of competitors amid the global economic slowdown, its chairman said Monday.
Jan 02, 2012 |
3 / 5 (2) |
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China's Alibaba posts 16.6% rise in 2011 net profit
Chinese Internet company Alibaba on Tuesday posted a net profit of 1.71 billion yuan ($271.48 million) in 2011, up 16.6 percent over the previous year, but with weakness in the fourth quarter.
Feb 21, 2012 |
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India's Infosys warns about IT sector outlook, shares slump
Indian IT giant Infosys on Thursday posted a 33-percent rise in its quarterly profit, but warned of a slowdown and weak client spending due to global uncertainty and the European debt crisis.
Jan 12, 2012 |
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Europe's Vega rocket launch set for early 2012
Europe's new Vega rocket, which can place a 1.5-ton satellite into low-Earth orbit, is expected to see its first launch early next year, Arianespace chief Jean-Yves Le Gall said Thursday.
Space & Earth / Space Exploration
Dec 08, 2011 |
3.7 / 5 (3) |
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Japanese firms in talks on microchip merger
Renesas Technology Corp. and NEC Electronics Corp. are in merger talks to create Japan's top chipmaker as they seek to survive the global recession, reports said Thursday.
Apr 16, 2009 |
5 / 5 (1) |
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Japan's Pioneer expects sixth year in red
Japan's Pioneer Corp. warned it would spend a sixth straight year in the red as it pulls the plug on its loss-making television business and slashes thousands of jobs.
May 13, 2009 |
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SK Telecom named as preferred bidder for Hynix
South Korea's top mobile carrier SK Telecom has been selected as preferred bidder for a controlling stake in Hynix Semiconductor, the world's number two memory chip maker, creditors said Friday.
Nov 11, 2011 |
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PC maker Lenovo reports loss amid weak demand
(AP) -- Lenovo Group, the world's fourth-largest personal computer maker, reported a $16 million quarterly loss Thursday and said it faces pressure from weak global demand and intense competition.
Aug 06, 2009 |
5 / 5 (1) |
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Japan's Hitachi posts first-quarter loss
Japanese high-tech giant Hitachi announced Tuesday a net loss of 82.7 billion yen (870 million dollars) for the fiscal first quarter with sales down heavily amid the economic downturn.
Jul 28, 2009 |
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India's Wipro posts 19 percent rise in profits
India's third-largest software group Wipro on Tuesday reported a 19-percent rise in net profit and forecast improving demand, underscoring new optimism in the sector.
Oct 27, 2009 |
1 / 5 (1) |
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Sony chief executive outlines turnaround plan
(AP) -- Sony said it aims to be profitable in gaming and flat-panel TVs by the fiscal year ending March 2011, pushing 3-D technology as a way to showcase its strength in entertainment and surface from deep ...
Nov 19, 2009 |
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Hitachi to replace president, split off businesses
Japanese hi-tech giant Hitachi Ltd. said Monday that it was replacing its president and splitting off its automotive systems and consumer electronics operations as it braces for a massive loss.
Mar 16, 2009 |
5 / 5 (1) |
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Japan's NEC to exit supercomputer project
Japan's ailing IT giant NEC Corp. said Thursday that it would withdraw from a government-backed supercomputer project as part of its efforts to cut costs during the economic slump.
May 14, 2009 |
3 / 5 (2) |
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