Business International

Dollar at record low against euro

The dollar fell to a record low against the euro on speculation the Federal Reserve will cut interest rates this week to prevent the worst US housing slump in 16 years from slowing the economy.

Even the Maldives is turning its back on greenback

Bargaining while buying some trinkets in the Maldivian capital, Male, recently, I heard most unexpected words: "You can keep your dollars."

Healthy profit gives Nissan shot in the arm

Nissan Motor Co, Japan's third-largest automaker, rose the most in six years on the Tokyo Stock Exchange after it reported higher fiscal second-quarter operating profit and analysts raised their ratings.

IN BRIEF (Page 16)

Business International

Nintendo raises full-year forecast

Nintendo Co, maker of the Wii game player, raised its profit forecast for a second time after the console outsold Sony Corp's PlayStation 3.

Google undaunted by loss of Facebook to rival

Unfazed by rival Microsoft winning a race to partner with online phenomenon Facebook, Google wooed analysts Wednesday with plans to wring even more riches from the Internet.

Canon has first slide in 2 years

Canon Inc, Japan's most profitable office equipment maker, reported its first quarterly profit decline in two years because of a foreign-currency loss. The company cut its full-year sales forecast, citing a stronger yen.

Microsoft earnings expected to rise

Microsoft Corp, the world's largest software maker, may be piquing investors' interest again after languishing since January.

Sony buoyed by camera demand

Sony Corp, the world's second-largest consumer electronics maker, said that its profit climbed to the highest in three quarters, buoyed by demand for Cyber-shot cameras and the sale of real estate property.

IN BRIEF (Page 16)