Japan’s economy shows signs of recovery, grows in Q1
Japan’s economy, the third largest in the world, grew at a faster than expected pace in the first quarter led by robust private consumption and a rebound in exports on the back of the government’s radical policies to reflate the economy.
Singapore Airlines FY profit up 12.8 percent
Singapore Airlines said its net profit in the year ending March “improved” 12.8 percent, boosted by surplus from the sale of aircraft, spares and spare engines, but warned the outlook remained bleak.
Nine confirmed dead in collapsed Indonesia mine
Rescuers have recovered the bodies of four more workers from a collapsed underground room at a giant U.S.-owned gold and copper mine in Indonesia, bringing the confirmed death toll to nine.
Young UK Professionals Vote Hong Kong as Number One Overseas Relocation City
Hong Kong has been named as the top overseas relocation destination by young British professionals, in research carried out by one of the world’s largest independent financial advisory organisations.
Shell presses ahead with world’s deepest offshore oil well
Royal Dutch Shell is pressing ahead with the world’s deepest offshore oil and gas production facility by drilling almost two miles underwater in the politically sensitive Gulf of Mexico.
Yen breaks 100 mark versus dollar
The Japanese yen has breached the 100 yen to the U.S. dollar mark for the first time since April 2009.
Panasonic records $7.5 billion annual loss
Japanese electronics giant Panasonic says its net loss reached $7.5 billion in the year to March on falling demand for goods such as flat-panel TVs.
Toshiba quarterly profit falls on weak demand
Toshiba says its quarterly net profit has fallen 62 percent from last year, with a decline in demand for its televisions, computers and other digital products.
McDonald’s sales hit by weakness in Asia, Europe
Fast food giant McDonald’s says that “global comparable sales” slipped again in April, citing challenging economic conditions.
Sony back in black, reports first profit in five years
Electronics giant Sony has reported an annual profit for the first time in five years thanks to stronger sales and a weakening yen.
