Nissan says it trimmed losses in Q2; upgrades full-year forecast

BUSINESS

Nissan says it trimmed losses in Q2; upgrades full-year forecast

Nov. 13  06:00 am JST  22 Comments

Crisis-hit Japanese automaker Nissan said Thursday it had trimmed net loss in the second quarter and upgraded its full-year forecasts, as the global auto industry showed signs of recovery from the coronavirus pandemic. Nissan, which suffered a massive loss in the previous fiscal year, said its quarterly net loss shrank… READBUSINESS

U.S. piles up record October budget deficit of $284.1 billion

Nov. 13  05:09 am JST  19 Comments

The U.S. is starting the 2021 budget year the way the old year ended, with soaring deficits. The Treasury Department reported Thursday that the federal government ran up a record October deficit of $284.1 billion, nearly double the red ink of the same month a year ago, as revenues declined… READBUSINESS

Boeing raises 20-year forecast for China aircraft demand despite pandemic

Nov. 13  04:30 am JST  3 Comments

Boeing Co on Thursday raised its rolling forecast for China’s aircraft demand for the next 20 years, making the country a bright spot in the aviation market even as COVID-19 decimates global deliveries over the next few years. Chinese airlines will need 8,600 new airplanes through 2039, 6.3% higher than… READBUSINESS

Fujitsu, Mizuho, PeptiDream to form joint venture to develop COVID-19 treatments

Nov. 13  04:06 am JST  0 Comments

Fujitsu Ltd, Mizuho Financial Group Inc, and drugmaker PeptiDream Inc said on Thursday they are forming a joint venture to develop treatments for COVID-19. The new company, to be called PeptiAID Inc, will research and develop peptide therapeutics for the current SARS-CoV-2 virus and potential future coronavirus outbreaks, the companies… READBUSINESS

France says Japanese tiremaker Bridgestone to shut Bethune plant

Nov. 12  10:20 pm JST  1 Comment

Japanese tiremaker Bridgestone has decided to “close the door” on its Bethune plant in northern France, Junior Economy Minister Agnes said on Thursday. Bridgestone said in September it wanted to close the factory in the face of low demand for its main product, low-profile tires. The government will, however, fight… READBUSINESS

Nikkei extends winning streak to 8th day

Nov. 12  03:18 pm JST  6 Comments

The Nikkei index extended its winning streak to an eighth day Thursday in volatile trading, retaking the 25,500 mark to finish at its highest level since June 1991 on buying of technology shares. The 225-issue Nikkei Stock Average ended up 171.28 points, or 0.68 percent, from Wednesday at 25,520.88, its… READ

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