Panasonic reports record loss on Thailand floods

Note: This section contains information in English only.
Source: Bloomberg
Consumer electronics manufacturer Panasonic Corp. posted its all time record high losses due to the floods in Thailand amid appreciating Yen and global economy slowdown. Panasonic Corp. reported a loss valued at JPY 780 billion or USD 10 billion. In October the company predicted loss of JPY 420 billion. 
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Fri, 03 Feb 2012 10:56:25 GMT

Portugal sells a part of REN

Portuguese government approved selling 40% of its share in REN Redes Energeticas SA (RENE) to State Grid International of China and Oman Oil Co. to fulfil the requirements of bailout agreement. State Grid will purchase a 25% stake while Oman Oil prepares to buy a 15% stake. The deal is valued at EUR 592 million. 

Fri, 03 Feb 2012 10:25:47 GMT

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