Bloomberg Sony Corp. raised its outlook for the current fiscal year, thanks to robust sales of the PlayStation console and a stake in recently listed Spotify Technology SA. Net income will be 500 billion yen ($4.5 billion) on sales of 8.6 trillion yen through next March, the Tokyo-based company said. The prior forecast called for 480 billion yen and 8.3 ...

Bloomberg China has charged its former top internet censor with corruption, formalising the demise of an official who became synonymous with the country’s strict control of online information. Lu Wei was charged with accepting bribes, taking advantage of his official position and using other officials to seek profits, according to a statement issued by the Supreme People’s Procuratorate, China’s top ...

Bloomberg Nissan Motor Co. may decide soon on building another factory in China as the company pursues a goal of expanding sales in the country by 1 million units by 2022, according to its CEO. “First step is adding capacity in the existing operation. We still have some room to expand,” Chief Executive Officer Hiroto Saikawa said Monday during an ...

Bloomberg Jaguar Land Rover posted a quarterly loss amid a decline in deliveries of its sport utility vehicles (SUV) F-Pace and Discovery Sport from a year earlier. The luxury unit of Tata Motors Ltd. reported a loss of $276 million in the three months ended on June 30, the automaker said. The parent also posted a loss of $277 million. ...

Bloomberg Starbucks Corp. will be joining forces with Alibaba Group Holding Ltd. to begin delivering its drinks and baked goods in China, according to people with knowledge of the plans, rolling out an effort to stave off competitors and turn around sales in the country. Ele.me, the meals delivery service owned by Alibaba, will handle the logistics in a deal ...

There were a few “Amens” coming from the UK after Italy’s far-right deputy prime minister, Matteo Salvini, reportedly told The Sunday Times that “there is no objectivity or good faith from the European side” when it comes to the bargaining over the terms of the UK’s exit from the European Union. He urged UK Prime Minister Theresa May to hold ...

When a central bank feels the need to tell the world that its monetary policy is “continuous” and “powerful,” you know investors will conclude that it’s neither. Bank of Japan Governor Haruhiko Kuroda has finally created some cover for stealth tapering. The BOJ left its main stance unchanged on Tuesday. It’s holding the short-term policy rate (which it charges banks ...

Credit Suisse Group AG was not long ago ranked alongside Deutsche Bank AG as a basket-case bank whose CEO was a possible “dead man walking.” Yet Tidjane Thiam has shaken off that prognosis by essentially copying his Swiss rival UBS Group AG. He’s shrunk his firm’s trading unit to focus on wealth management, all while cutting costs. And it’s paid ...

Donald Trump may well be the best thing that’s happened to Southeast Asia’s humble electronics industry in quite a while. Relatively small, and frankly not as sexy as their North Asia cousins, makers of components and devices with factories dotted around the region may get some time in the spotlight thanks to the US administration’s decision last month to levy ...

If a random American were to be asked “Which countries are at the forefront of globalisation?” or “Which countries are the guardians of the liberal order?,” it seems unlikely that Japan would be among the countries they named. The Land of the Rising Sun is typically thought of as a closed-off country, with little immigration, a protectionist trade policy and ...