| RAK Petroleum restructuring plan approved | | The RAK Petroleum Public Company announced on Monday that its shareholders had approved plans to restructure the company and its subsidiaries and seek a listing on an international stock exchange. | | New projects to help Breezair grow in UAE | | Breezair has announced that the company has won a slew of major projects in a range of new applications areas in the industrial, commercial and leisure and recreational sectors across the UAE, the company said in a statement recently. | | Nissan chief welcomes yen fall for luxury brand | | Nissan Motor Co. President Carlos Ghosn welcomed the yen’s recent decline to what he called “neutral” levels for the Japanese automaker’s profitability, but said Tuesday it must drop further to be “normal.” | | Japan’s Sharp to name new chief | | Japanese electronics giant Sharp will name a new president at its June shareholders’ meeting, replacing its current chief after only a year in the job, the Nikkei business daily said Monday. | | Nissan’s annual profit growth stalls | | Japan’s Nissan said Friday that its annual net profit had barely moved from a year earlier despite market conditions that helped rivals Toyota and Honda book soaring profits. | | Panasonic reports big loss but forecasts profit | | Japanese consumer electronics giant Panasonic Corp. on Friday reported a near-record net loss of 754 billion yen ($7.5 billion) for the fiscal year through March due to restructuring costs and slumping sales, but predicted a return to the black this year as it prunes unprofitable businesses. | |
