International Business News

International Business News
Toyota halves profit forecast due to 'unprecedented' crisis
Afp, Tokyo
Japan's Toyota Motor Corp. slashed its annual net profit forecast by more than half Thursday, warning the global auto industry faced an "unprecedented" crisis.


International Business News
Rates cuts awaited as Obama win fails to banish market gloom
Afp, Frankfurt
The European Central Bank and Britain were set Thursday to cut interest rates in a new round of efforts to weather the financial crisis, as Barack Obama's US election win failed to banish market gloom.


International Business News
Moody's stamps negative rating outlook on Asia's gaming sector
Afp, Singapore
Credit ratings firm Moody's said Thursday it has a "negative" outlook for Asia's gaming sector in the next 12-18 months due to the economic uncertainty.