Matsushita Electric Industrial Co Ltd, the world#8217;s second largest consumer electronics maker, reported strong third-quarter earnings yesterday on brisk sales of DVD players and recorders as well as other audiovisual products.
Debt-laden Deutsche Telekom AG stepped up its pullout from Asia yesterday by offering its US$427mil stake in Globe Telecom Inc to other major shareholders of the second largest phone company in the Philippines.
Europe's biggest carmaker, Volkswagen AG (VW), said yesterday its core profit had fallen by more than half in the second quarter as a strong euro, new product costs and slumping demand took their toll.
B>SEOUL: /B>South Korea's top fixed-line and Internet broadband operator KT Corp reported yesterday a one-third drop in quarterly profits as growth in the country's once-torrid telecoms market begins to slow down.
Nippon Telegraph and Telephone Corp (NTT), the world's largest telecoms group by sales, has reported a nearly 12-fold jump in first-half net profit, thanks to cost cutting, with no big overseas losses hurting its bottom line this time.