BusinessLatest Business and Company Updates
Sony cuts annual profit view on movie business writedown
TOKYO Sony Corp on Thursday cut its full-year outlook for operating profit on Thursday after the Japanese TV-to-gaming group took a $1 billion writedown on its struggling movie business.Sony forecast group operating profit of 240 billion yen ($2.13 billion) for the year ending in March, down from a previous estimate
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Ghosn cedes Nissan CEO role, to focus on alliance with Renault, Mitsubishi
By Naomi Tajitsu and Chang-Ran Kim | TOKYO TOKYO Nissan Motor Co (7201.T) said Carlos Ghosn will step aside as CEO
Oil prices edge up despite unexpected U.S. crude inventory build
Singapore Oil prices rose in early Asian trade on Friday shrugging off a second consecutive week of U.S. crude oil inventory builds, with a U.S. Energy Information Administration (EIA) report late on Thursday indicating an unexpected rise in crude stocks.U.S.
Sharjah Islamic Bank Issues $500 Million Sukuk Amid Strong Investor Demand
Sharjah Islamic Bank has successfully issued a $500 million sukuk, marking its sixth offering under the bank's $3 billion Trust Certificate Issuance Programme established in 2013. The five-year Islamic bond, maturing in July 2029, attracted robust interest from both
