Tokyo - Japan's semiconductor industry is to experience a major shake-up, as electronics companies Renesas Technology and NEC Electronics are considering to merge, a news report said Thursday.
The two companies were in talks and a deal is expected by the end of the month, the Nikkei, a business daily, reported. A merger, which is expected to go ahead by April 2010, would create Japan's largest chipmaker.
The move was to to ensure the companies' survival during the global downturn.
Rio de Janeiro - Brazil's government awarded the national planemaker Embraer a defence contract worth 1.4 billion dollars for developing a new military cargo plane. The KC-390 cargo plane, which is expected to have a capacity of 19 tons, is to be developed jointly with Brazil's Air Force over the next seven years to replace old Hercules-C-130 planes.
The Air Force is expected to place an initial order of 22 jets.
Amsterdam - Dutch electrical giant Philips announced a first quarter loss of 57 million euros (76 million dollars) on Tuesday, admitting a "further significant deterioration in our markets."The first quarter profit for 2008, by comparison, was 294 million euros.
Chief Executive Officer Gerard Kleisterlee said "our medical- division sales are also now affected. In our first quarter, like-on- like sales from last year fell from 5.97 to 5.08 billion euros."
Bank of Rajasthan, one of the oldest, fastest growing, technology driven and customer friendly private sector bank, has informed that it has tied up an alliance with DBS Cholamandalam Asset Management Ltd, to qualitatively enhance its reach in the category of mutual fund investors across the country.
According to a senior official, the tie-up is intended to fulfill the investment needs of Bank of Rajasthan customers, by helping them to reach their financial goals.
New York - Shrinking demand for furs is translating into a loss of income for Canada's seal hunters.
They can expect to be paid 15 to 30 Canadian dollars (12 to 24 US dollars) per pelt, compared with a price of 100 dollars two years ago, leading many hunters to consider whether it was worth it to head out onto the pack ice in the traditional seal hunt at the end of winter in eastern Canada, Canadian media reported.
Tokyo - Sharp Corp on Wednesday enlarged its expected losses for the fiscal year that ended March 31 in its third downward earnings revision.
The Japanese electronics company said it expected its net loss to expand to 130 billion yen (1.3 billion dollars) from a February forecast of 100 billion yen and its operating loss to worsen to 60 billion yen from 30 billion yen.
Sharp was to suffer its first annual operating loss since 1977 as demand for digital products dwindled amid harsh price competition and the global economic downturn, it said.
Tokyo - Japan's semiconductor industry is to experience a major shake-up, as electronics companies Renesas Technology and NEC Electronics are considering to merge, a news report said Thursday.
Rio de Janeiro - Brazil's government awarded the national planemaker Embraer a defence contract worth 1.4 billion dollars for developing a new military cargo plane. The KC-390 cargo plane, which is expected to have a capacity of 19 tons, is to be developed jointly with Brazil's Air Force over the next seven years to replace old Hercules-C-130 planes.
Amsterdam - Dutch electrical giant Philips announced a first quarter loss of 57 million euros (76 million dollars) on Tuesday, admitting a "further significant deterioration in our markets."The first quarter profit for 2008, by comparison, was 294 million euros.
Bank of Rajasthan, one of the oldest, fastest growing, technology driven and customer friendly private sector bank, has informed that it has tied up an alliance with DBS Cholamandalam Asset Management Ltd, to qualitatively enhance its reach in the category of mutual fund investors across the country.
They can expect to be paid 15 to 30 Canadian dollars (12 to 24 US dollars) per pelt, compared with a price of 100 dollars two years ago, leading many hunters to consider whether it was worth it to head out onto the pack ice in the traditional seal hunt at the end of winter in eastern Canada, Canadian media reported.
Tokyo - Sharp Corp on Wednesday enlarged its expected losses for the fiscal year that ended March 31 in its third downward earnings revision.
