Japanese electronics giants predict bigger losses

Source: Bloomberg
Japanese leading electronic companies claimed they are likely to loose about USD 17 billion in 2012. Sony Corporation doubled its yearly loss outlook while Sharp Corporation and Panasonic Corporation forecast the worst year in their companies' histories. Japanese electronic producers were heavily hit by Thailand flooding and appreciating Yen amid strengthening positions of Apple and Samsung. 
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Mon, 06 Feb 2012 08:48:37 GMT

China prohibits airlines from EU carbon accord

China prohibited its airlines from entering EU carbon emissions system, created to restrict pollution. China claimed the program breaches international regulations. The carbon system violates the UN Framework Convention on Climate Change and world-wide civil aviation rules, said China's Civil Aviation Administration in a statement issued yesterday.

Mon, 06 Feb 2012 08:30:09 GMT

Aussie drops on weaker retail sales

Australian currency depreciated after government report posted an unexpected drop in nation retail sales, boosting investor predictions Reserve Bank of Australia will be forced to cut interest rate tomorrow. Aussie weakened 0.5% against US Dollar to USD 1.0720 while its New Zealand peer dropped 0.6% to USD 0.8306. Currently USD/AUD is trading at USD 1.0718 while NZD/USD is trading at USD

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