Coronavirus

Panasonic’s Q3 profit slides as material costs rise and appliance sales fall

Japan's Panasonic Corp (6752.T) on Wednesday posted a larger-than-expected 44% slide in third-quarter operating profit, hit hard by rising costs for raw…

4 years ago

Japanese banks sound caution for earnings as Omicron highlights bad loan risks

Japan's biggest lenders on Wednesday all sounded alarm about the risk the Omicron variant could have on their earnings, reviving…

4 years ago

Tesco is ending night-time restocking, putting 1,600 jobs at risk

Tesco has warned that 1,600 jobs are at risk as it phased out midnight replenishment at select stores and converted…

4 years ago

Japan’s factory output dips more than expected as risks emerge

Japan's factory output shrank for the first time in three months in December as a decline in machinery production outweighed…

4 years ago

Stocks rebound but head for worst January since 2016

Stocks staged a modest rebound on Monday as traders put aside concerns about inflation and the crisis in Ukraine to…

4 years ago

U.S. economy likely regained steam in Q4, 2021 growth seen best in 37 years

U.S. economic growth likely accelerated in the fourth quarter as businesses replenished depleted inventories to meet strong demand for goods,…

4 years ago

U.S. consumer confidence dips; more plan to buy big-ticket items

U.S. consumer confidence ebbed slightly in January, with more consumers planning to purchase homes, automobiles and other big- ticket items…

4 years ago

Is Omicron causing supply chain disruptions?

In the United States, an omicron outbreak is causing supply chain difficulties. Even though the market previously suffered a shutdown…

4 years ago

S.Korea’s GDP growth climbs to 11-year high, but recovery uneven

South Korea's economy expanded at the fastest pace in 11 years in 2021 helped by a jump in exports and…

4 years ago

Hong Kong’s financial sector faces talent crunch as expats head for the exit

Late last year, Tania Sibree quit her well-paid job as a financial services lawyer in Hong Kong and returned to…

4 years ago