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(MENAFN - AFP) Toyota said Wednesday that all its domestic parts plants would shut for a full day next week, expanding a production suspension that is set to be its longest since the March 2011 earthquake and tsunami disaster.

Toyota said earlier this week that it would temporarily stop vehicle production in Japan due to a components shortage following an explosion at a supplier.

The ...

 
(MENAFN - AFP) Ukraine's economy minister abruptly tendered his resignation Wednesday saying overwhelming corruption had stifled his efforts to push through measures essential to getting growth back on track in the cash-strapped country.

Aivaras Abromavicius's shock departure laid bare divisions within the pro-Western government of President Petro Poroshenko and highlighted ...

 
(MENAFN - AFP) The Zika virus has been transmitted sexually, top US health authorities confirmed, fueling fears of the rapid spread of the disease blamed for a surge in the number of brain-damaged babies.

With concern growing that an outbreak sweeping Latin America could spread much farther, health authorities in Texas said they had confirmation of the virus being transmitted ...

 
(MENAFN - AFP) Swedish state-owned energy group Vattenfall on Wednesday reported a record loss for 2015, blaming a tax on nuclear energy and sliding electricity prices.

The company's net loss came in at 19.8 billion kronor (2.1 billion euros, $2.3 billion), compared to an 8.3-billion-kronor loss the previous year, while sales eased one percent to 165 billion kronor.

"The ...

 
(MENAFN - AFP) Dutch telecoms firm KPN on Wednesday reported a doubling of net profit in 2015 thanks to selling some shares in Telefonica Deutschland, even though overall turnover continued a year-on-year slide.

Net profit last year rose to 524 million euros ($571 million) compared with 261 million euros for 2014, boosted mainly by shedding 5% of Telefonica Deutschland shares ...

 
(MENAFN - AFP) Taiwan's struggling smartphone maker HTC on Wednesday reported a third straight quarterly loss for October-December, although losses narrowed due to holiday season demand and the launch of a new phone.

Net loss in the fourth quarter was Tw$3.4 billion ($103 million), compared with a profit of Tw$500 million in the same period last year, the company said in ...

 
(MENAFN - AFP) BBVA, Spain's second-biggest bank by market capitalisation, said Wednesday that net profit last year was largely the same as in 2014 as it faced costs linked to integrating its Turkish subsidiary.

The bank posted full-year net profit of 2.6 billion euros ($2.8 billion), up 0.9 percent from the previous year, and slightly beating analysts' forecasts.

It ...

 
(MENAFN - AFP) Panasonic on Wednesday cut its full-year revenue forecast, citing a slowdown in China and other emerging economies, but added that net profit soared in the nine months to December.

The Japanese electronics giant -- which has been undergoing a huge restructuring to close the door on record losses in recent years -- trimmed its fiscal year sales target by nearly ...

 
(MENAFN - AFP) The battle over Britain's future in the EU intensified Wednesday as Prime Minister David Cameron braced for a barrage of attacks from eurosceptics over proposed reforms the European Commission defended as a "fair" deal for all.

Speaking at the European Parliament in Strasbourg, Juncker said the proposals due to be put to a key summit this month were "fair" ...

 
(MENAFN - AFP) Ukraine's Lithuanian-born Economy Minister Aivaras Abromavicius abruptly submitted his resignation Wednesday citing his inability to push through vital restructuring measures essential to getting growth in the cash-strapped country on track.

The shock decision layed bare the sharp divisions with pro-Western President Petro Poroshenko's government and the difficulties ...

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