Panasonic forecasts record net lossFebruary 3, 2012 - 11:31 AMT PanARMENIAN.Net - Japanese electronics company Panasonic says it forecasts a record net loss of 780 billion yen ($10.2 billion) for the fiscal year through March amid falling sales of digital products and production disruptions from flooding in Thailand. That is nearly twice the annual net loss of 420 billion yen it had projected in October. It is also more than its past record net loss of 427.7 billion yen logged for the fiscal year through March 2002, when the company was still Matsushita Electric Industrial Co. For the October-December quarter, Panasonic posted a net loss of 197.6 billion yen ($2.6 billion) on Friday, The Associated Press reported. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Armenia, Turkey discuss restoration of historic bridge The meeting took place on May 17 in Ashgabat on the sidelines of an international conference of ministers of culture. EU welcomes Armenia-Azerbaijan “progress” The EU has welcomed “progress” made in the framework of the Armenia-Azerbaijan border delimitation process. Belarus opposition leader slams Lukashenko for Karabakh trip Belarusian opposition politician Sviatlana Tsikhanouskaya has harshly criticized the visit of Lukashenko to Karabakh. Mkhitaryan raises arrest of former Karabakh leaders in Azerbaijan Inter Milan star Henrikh Mkhitaryan has shared a news story about the extension of the arrest of former Karabakh leaders. |