Japan Display Denies Planned IPO
The world’s biggest maker of LCD screens for smartphones and tablet computers, Japan Display Inc., has denied media reports that it plans to raise $2 billion in an initial public offering (IPO).
China Telecom first-half profit up 15%
Profits at Chinese state-owned telecommunications company China Telecom rose 15.9 percent year-on-year in the first six months of the year, the company has announced.
Sony profits rise
Sony has reported a rise in profits for the April-to-June quarter thanks to what it called “the favourable impact of foreign exchange rates”.
Samsung posts record Q2 profit
South Korea’s Samsung Electronics, the world’s largest technology firm by revenue, has posted another record quarterly net profit.
Apple faces U.S. ban on older iPhones
Apple has lost a ruling by a U.S. trade panel in a patent dispute with rival Samsung, which could mean some older models of the iPhone and iPad are banned from sale in the country.
Vodafone China Mobile consortium withdraws Myanmar bid
Vodafone and China Mobile have withdrawn their joint bid for one of two licenses offered in Myanmar saying the returns do not justify their investment.
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.
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.
Airtel sells 5% stake to Qatar Foundation
India’s largest mobile phone operator, Bharti Airtel, announced on Friday that it has agreed to sell a five percent stake in itself to the Qatar Foundation Endowment (QFE).
