Sony Corp slashed its full-year operating profit outlook by 90 percent on Wednesday as Thai floods disrupt camera production at the Japanese company, which is already struggling with a soaring yen and weak television sales.
Thailand is experiencing the worst flooding in over 50 years which has affected more than nine million people. Over 400 people have died.
The Nikkei share average fell nearly 2 percent Wednesday after overseas shares skidded on Greece's surprise call for a referendum on a European bailout plan that investors had hoped would be the solution to the region's sovereign debt woes.
Chrysler Group LLC posted a 27 percent gain in October U.S. sales -- its best result in four years -- as major automakers reported results pointing to the strongest showing for industrywide vehicle sales since the start of 2011.
Many travelers are utterly confused by the latest news about the floods in Bangkok. Is it safe to travel to the Land of Smiles?
Chrysler Group LLC posted a 27 percent gain in October U.S. sales -- its best result in four years -- as major automakers reported results pointing to the strongest showing for industrywide vehicle sales since the start of 2011.
Chrysler Group LLC reported its best October sales since 2007 on Tuesday, the first major automaker to announce sales for what is expected to be the best monthly showing of the year.
Some big Thai producers of electronic parts could have their flood-hit factories up and running again by the end of November, sooner than expected now that flooding in central provinces has stabilized, but the picture varies greatly across industry.
Some big Thai producers of electronic parts could have their flood-hit factories up and running again by the end of November, sooner than expected now that flooding in central provinces has stabilized, but the picture varies greatly across industry.
Honda Motor Co Ltd will temporarily cut production at its six plants in the United States and Canada due to parts shortages stemming from the flooding in Thailand, the company said on Monday.
Flood waters in Bangkok and across Thailand are finally receding, after months of what eventually became the worst flooding in the country in 50 years.
The yen just reached a post-war record against the U.S dollar – thereby placing great pressures on Japanese exports.
Bangkok has avoided Thailand's devastating floods, but it will takes months of work to get the city, and the country, back to normal, Prime Minister Yingluck Shinawatra said Monday.
The Nikkei stock average ended lower on Monday, giving up sharp intraday gains made after Japanese authorities intervened to curb persistent yen strength, as investors locked in profits on concerns the yen won't stay down for long.
Honda Motor Co. withdrew its annual earnings guidance in an unusual move on Monday due to uncertainty surrounding currency markets and Thailand's floods just as it was starting to recover from the March earthquake and tsunami.
Honda Motor Co withdrew its annual earnings guidance in an unusual move on Monday due to uncertainties including currency markets and Thailand's floods just as it was starting to recover from the March earthquake and tsunami.
Taiwanese netbook PC pioneer Asustek Computer Inc's posted a better-than-expected net profit in the third quarter, but sees a decline in shipments in the fourth quarter.
The Nikkei average edged lower, giving up sharp morning gains made after Japanese authorities intervened to curb persistent yen strength as investors locked in profits on concerns the yen won't stay down for long.
Confidence was highest in India for a seventh straight quarter but India's reading fell 5 points from the second quarter and Saudi Arabia was catching up.
As the floodwater from high tides inundate areas north of Thailand's capital city of Bangkok, residents there face another serious issue: Hundreds of crocodiles have reportedly escaped from crocodile farms nearby.
Japanese electronics maker Panasonic Corp is set to post a group net loss of 300 billion yen ($3.95 billion) in the year to March 2012, hurt by a global slowdown and the yen's strength, the Nikkei business daily reported on Sunday.
Samsung Electronics' president expected Thailand floods to further hit the computer memory chip market by hurting PC production until the first quarter of next year.