Japan Display logs ¥83 billion net loss in first quarter

Business / Corporate Aug 9, 2019

Japan Display logs ¥83 billion net loss in first quarter

Japan Display Inc. said Friday it had developed a negative net worth following a group net loss of ¥83.27 billion ($786 million) for the April-June quarter due to restructuring costs and falling demand for smartphone displays. The company also posted an operating loss of ¥27.48 ...

U.S. holds off on Huawei licenses as China halts farm purchases

Business Aug 9, 2019

U.S. holds off on Huawei licenses as China halts farm purchases

The White House is holding off on a decision about licenses for U.S. companies to restart business with Huawei Technologies Co. after Beijing said it was halting purchases of U.S. farming goods, according to people familiar with the matter. Commerce Secretary Wilbur Ross, whose department ...