HTC profits lost 26% in Q4

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Source: Marketwatch

HTC Corp announced the 26% drop in profit to NT$11.02 billion in Q4 citing increased competition and weak global demand. The revenue for the period decreased by 2.5% to NT$101.42 billion from NT$104.01 billion in 2010. The company has not commented the results.

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Fri, 06 Jan 2012 15:47:32 GMT

Euro Zone unemployment rate steady at 10.3% in November

Euro Zone's unemployment rate remained steady at the record high of 10.3% seasonally adjusted in November, reported Eurostat. The number of people unemployed jumped by 45,000 in November to 16.372 million. The unemployment rate was in compliance with expectations.

Fri, 06 Jan 2012 09:07:15 GMT

Japan Airlines to relist shares to Tokyo Stock Exchange

Japan Airlines is planning to relist its shares to the Tokyo Stock Exchange as one of the steps towards recovery after bankruptcy. JAL is likely to sell shares totaling between 500B yen and 1Tn yen and in case relisting is successful the company will become the world's largest listed carrier, reports say.

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