(MENAFN - AFP) Sony said Thursday its net loss for the April-September period ballooned to nearly $1.0 billion, as the embattled electronics firm continues to struggle in the cutthroat smartphone business.
The firm said its net loss came in at 109.1 billion yen, way up from a 16.5 billion yen shortfall in the same period last year.
(MENAFN - AFP) The Bank of Japan ramped up its vast monetary easing programme Friday -- sending the yen plunging and stocks soaring -- in a surprise move aimed at reviving growth just as the Federal Reserve winds down its own stimulus spree.
After a one-day meeting, policymakers said they would inflate the central bank's asset-buying stimulus plan by as much as 20 trillion ...
(MENAFN - AFP) Gripping a rubber hose between his teeth that will be his lifeline, Than Hlaing takes a last gulp of relatively untainted air before plunging into the murky gloom of the fast-flowing Yangon river in Myanmar's main city.
Lashed with weights to help him dive straight down, the 40-year-old peers through the heavily silted waters as he descends to the riverbed.
(MENAFN - AFP) Australia is set to approve measures giving polluters financial incentives to reduce emissions blamed for climate change, in a move critics described as ineffective environmental policy.
The so-called "direct action" plan, which will see the government pay companies to increase energy efficiency, passed through the upper house Senate early Friday following ...
(MENAFN - AFP) Japan will announce Friday that its public pension fund -- the world's biggest -- will double the amount of equities it holds in its investment portfolio, reports said, as it seeks out higher returns to cope with an ageing population.
The welfare ministry will agree the Government Pension Investment Fund's plan that will see domestic and foreign stocks account ...
(MENAFN - AFP) Asian markets rallied Friday and the dollar edged back towards 110 yen after the United States released forecast-busting economic growth data that soothes concerns about the global outlook.
Japanese stocks led the way as the weakening of the yen and a report that the country's vast national pension fund would double its domestic stock holdings offset another ...
(MENAFN - AFP) Japanese inflation slowed further in September as consumers tightened their purse strings, data showed on Friday, fuelling concerns that a tax hike this year could detail the nation's economic recovery.
The internal affairs ministry said Japan's core consumer inflation, stripping out volatile fresh food prices, came in at 3.0 percent year-on-year, down from ...
(MENAFN - AFP) The Australia and New Zealand Banking Group (ANZ) on Friday announced record annual net profit of Aus$7.3 billion (US$6.5 billion) -- up 15 percent -- pursuing an Asia-focused growth strategy.
Cash profit, which strips out non-core items and is favoured by analysts, was up 10 percent to Aus$7.10 billion on last year.
(MENAFN - AFP) Marijuana shops have sprouted across Denver ever since Colorado legalized the drug for adults in January, but the popularity of pot-infused edibles has surprised authorities, and parents are seeking a ban ahead of Halloween.
Many here are content taking the traditional approach -- lighting up a joint -- to embrace the Rocky Mountain state's marijuana legalization.