Britain’s economic growth slowed in the first quarter to the weakest pace in a year, official data showed Friday, as the country prepares for a general election ahead of its planned exit from the EU.
China’s ride-hailing leader Didi Chuxing is close to finalising a fund-raising deal that would make it the most valuable start-up in Asia with a value of $50 billion, Bloomberg News reported Friday.
Britain’s bailed-out Royal Bank of Scotland rebounded into a first-quarter profit on cost-cutting, it said Friday, but the year-earlier loss was skewed by a vast exceptional payment to the government.
Swiss banking giant UBS said Friday that it booked “very strong first-quarter results”, driven largely by its investment banking and wealth management activities.
Sony said Friday it expects net profit in the current fiscal year to more than triple owing mainly to gains in its smartphone component business, while the PlayStation console division also boosted its fortunes.
Sharp said Friday its full-year net loss shrank by 90 percent and it swung to operating profit on structural reforms after being acquired last year by Taiwan’s Hon Hai.
ESPN, the giant of American sports television channels, has been losing subscribers by the millions while being clobbered by increasingly expensive broadcast rights.
A group of sacked Olympus executives have been ordered to pay more than half a billion dollars in damages for a massive accounting fraud that badly damaged Japan’s corporate governance image.
Asian investors on Friday wound down after a strong week, with profit-taking weighing on most markets and attention turning to the release of US growth data later in the day.
Japanese consumer prices rose in March, data showed Friday, but a drop in factory output and still-weak household spending underscored the challenges facing policymakers as they battle on-and-off deflation.
British inventor Richard Browning lifted off from the shore of Vancouver Harbor on Thursday in a personal flight suit that inspired references to comic superhero ‘Iron Man.’