EUR/USD 1.18775
0.054%
Gold 5063.72
-0.405%
Oil 64.809
0.113%
USD/JPY 152.845
-0.276%
GBP/USD 1.36345
0.047%
GBP/JPY 208.401
-0.215%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Mercedes-Benz sales chief: New V8 engine launched in the United States.Mercedes-Benz sales chief: Launching high-performance electric vehicles in the US and expanding local production.China Resources Land (01109.HK): For the month ended January 31, 2026, the Company and its subsidiaries achieved total contracted sales of approximately RMB11.65 billion and total contracted sales area of approximately 368,000 square meters, representing year-on-year growth of 0.4% and a decrease of 24.6%, respectively.On February 12th, *ST Chuanzhi announced that its audited financial data for 2024 triggered the provisions of Article 9.3.1 (i) of the Stock Listing Rules, which states that "the lower of the audited total profit, net profit, and net profit after deducting non-recurring gains and losses for the most recent fiscal year is negative, and the operating revenue after deduction is less than 300 million yuan." Therefore, the companys stock will be subject to delisting risk warning starting from the opening of the market on April 23, 2025. If any of the aforementioned circumstances occur after the companys 2025 annual report is disclosed, the companys stock will face the risk of being delisted.February 12th - UK fourth-quarter GDP growth was 0.1%, lower than the Bank of Englands forecast of 0.2%. Thomas Pugh, an economist at audit, tax, and advisory firm RSM UK, stated in a report that given the weaker-than-expected UK economic growth, the likelihood of a March interest rate cut by the Bank of England has increased. However, Pugh believes that economic growth should accelerate this year as the uncertainty surrounding the government budget in November dissipates and declining inflation begins to translate into stronger consumer spending. He pointed out that the biggest risk at present is a protracted Labour leadership contest, which could open up room for tax increases and inject new uncertainty into consumers and businesses, thus offsetting a large part of the improvement in economic fundamentals.

Panasonic Anticipates A Rise in Global Automobile Production This Fiscal Year

Aria Thomas

Jun 01, 2022 14:49

2.png


Panasonic (OTC:PCRFY) Holdings Corp, which manufactures batteries for Tesla (NASDAQ:TSLA) and other automakers, stated on Wednesday that it anticipates a recovery in global vehicle production this fiscal year, but that the two-year semiconductor shortage will persist.


Masashi Nagayasu, CEO of the Japanese conglomerate's automotive business, which manufactures in-car infotainment systems and other auto components, stated, "We will operate our business in consideration of the risks of fluctuations in vehicle manufacturing."


Nagayasu stated on the first day of Panasonic's annual investor event that the company has no plans to produce automobiles.


Panasonic, whose automotive division accounts for approximately 14 percent of its entire revenue, anticipates a 19 percent increase in sales for the fiscal year ending in March 2023. It anticipates an operational profit increase of roughly 17 percent.


Due to component shortages caused by COVID-19 lockdowns in China and higher commodity prices as a result of Russia's invasion of Ukraine, the company stated last month that it did not anticipate a profit increase for this fiscal year.


(This item corrects the firm name in paragraph 1 to Panasonic Holdings Corp from Panasonic Corp, and the sales growth forecast in paragraph 4 to 19 percent from 10 percent, and the operating profit forecast to nearly 17 percent from 15 percent decline.)


Suggestion