The camera-producer titans find it hard to sell its product due to the increasing demand for smartphones.
Industry
Japan and US fiscal plans not mentioned in G20 communiqué
Fiscal plans for the United States and Japan escaped mention during the recent 2-day meeting of G20 central bank governors and finance ministers.
New head plans to up Anglo performance, targets US$3.5
New Anglo American boss, Mark Cutifani, outlines an aggressive cost-cutting plan to reverse the mining company's poor performance.
Namibia's NaCC reports successful handling of mergers and acquisitions from its inception
The Namibian Competition Commission has successfully handled 221 mergers and acquisitions from its inception in 2009.
Ernst & Young report urges SMEs in Rwanda to embrace private equity financing
Private equity financing can help solve the lack of growth of small and medium-sized enterprises in Rwanda.
Latest News
Hundreds of millions of dollars were stolen from Nasdaq and other companies by computer hackers based in Russia and Ukraine.
Despite Beijing's stimulus package, Chinese stocks still fell Thursday. Despite China's stimulus measures geared towards strengthening its flagging economy, Asian stocks dipped this Thursday.
China may ease up on its monetary policies soon, says watchers. The eyes of economists keen on Asian markets are now focusing intently on what China is going to do next after the government earlier announced fiscal stimulus measures to fire up its weakened economy.
The tequila industry expected to record sales due to National Tequila Day, a vital holiday being celebrated today.
UK Asset Resolution, dubbed as Britain's "bad bank" has agreed to sell the Northern Rock loan portfolio for US$615 million.
The Renewables Infrastructure Group Ltd. raised US$460million or GBP300 million in concluded IPO. The Renewables Infrastructure Group Ltd. (TRIG), announced that they were able to raise GBP300 million or US$460million.
ADNOC announced that they are halfway through their US$40 billion investment plan. Abu Dhabi National Oil Co. (ADNOC) said that they are halfway through plans for the company's US$40 billion investment plan.
European stocks rebounded with Volvo and EasyJet as top gainers. European stocks have rebounded, with Volvo and EasyJet leading the top gainers. The world's largest truckmaker, Volvo, posted a gain of 3.
Investors have now raised their longer-dated Treasuries after Bernanke appeased their worries. After Federal Reserve Chairman Ben Bernanke appeased worries about increasing interest rates, investors have now raised their holdings of long-dated Treasuries.
