TOKYO: Japan’s Honda Motor, the country’s third-biggest carmaker, suffered a 20 percent plunge in its global production last year, it said Friday. Channel NewsAsia Business News
SEOUL: Samsung Electronics Friday posted a record operating profit of 5.3 trillion won ($ 4.72 billion) in the fourth quarter and a net profit of four trillion, thanks largely to booming smartphone sales. Channel NewsAsia Business News
DAVOS, Switzerland: Britain’s Prime Minister David Cameron launched a stinging attack on his European partners on Thursday, slamming the eurozone as uncompetitive and branding a planned transaction tax “madness”. Channel NewsAsia Business News
KUALA LUMPUR: Asia’s biggest budget carrier AirAsia said Thursday it has taken “corrective action” to resolve complaints in a lawsuit brought by Australian regulators over its online fare information. Channel NewsAsia Business News
SEOUL: South Korea’s economy grew 0.4 percent in October-December from the previous quarter, slowing from the third-quarter’s 0.8 percent rise as global conditions worsened, the central bank said Thursday. Channel NewsAsia Business News
TOKYO: Toyota Motor confirmed Wednesday that its world group sales fell below the eight million mark in 2011, losing the firm its number one spot in the global carmakers’ league. Channel NewsAsia Business News
TOKYO: Japan announced its first annual trade deficit for more than 30 years on Wednesday after the March quake-tsunami and strong yen hit exports in 2011, and high fuel costs pushed up import bills. Channel NewsAsia Business News
TOKYO : Japan’s prime minister told parliament on Tuesday he will move to double sales taxes, warning that the future of the world’s third-largest economy depends on turning the rising tide of public debt. Channel NewsAsia Business News
NEW YORK: The euro rallied above the $ 1.30 level on Monday amid reported progress in Greek debt talks and traders still covering short positions in the European currency. Channel NewsAsia Business News
SYDNEY: The Australian arm of Japanese auto giant Toyota announced Monday that it would sack 350 workers at its southern carmaking plant, citing “unprecedented” pressure on its operations. Channel NewsAsia Business News