Business

SoftBank reports record loss as tech shares tank

Japanese investment giant SoftBank Group on Thursday logged a record annual net loss after a bruising year that saw its assets hit by a US tech share rout and a regulatory crackdown in China.

Business

JD.com founder Richard Liu leaves CEO post

Chinese e-commerce company JD.com said Thursday that its founder Richard Liu has left his position as CEO, the latest Chinese billionaire founder to step aside amid increased government scrutiny of the country's technology ...

Business

Japan Airlines logs $2.6 billion loss over pandemic

Japan Airlines posted an annual net loss of $2.6 billion Friday but did not release a forecast for the current financial year, citing uncertainty around the coronavirus pandemic.

Business

Aeroflot logs heavy 2020 loss

Russia's flagship airline Aeroflot announced Wednesday heavy losses for 2020 as coronavirus-related restrictions grounded planes around the world.

Automotive

Nissan upgrades annual forecast despite Q3 net loss

Crisis-hit Japanese carmaker Nissan on Tuesday upgraded its full-year forecast for the second straight quarter, as the global auto industry shows signs of recovery from the coronavirus pandemic.

Business

Japan Airlines projects higher losses over pandemic

Japan Airlines said Monday it forecasts a larger-than-expected annual net loss of nearly $2.9 billion, as the aviation industry continues to struggle from the fallout of the coronavirus pandemic.

Automotive

Nissan trims losses in Q2, upgrades forecasts

Crisis-hit Japanese automaker Nissan said Thursday it trimmed net loss in the second quarter, though it remained in the red, and upgraded its full-year forecasts as the global auto industry showed signs of recovery from the ...

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