Suspended Hanergy Thin Film Warns Of Possible Loss

Hanergy Thin Film Power, the Hong Kong-listed solar energy business whose shares have been suspended since May 20 when a 47% plunge in their price wiped out $19 billion of market capitalization in minutes, warned yesterday that it may record a loss for the six months ended June 30. Hanergy said […]

Japan’s economy shrinks by 0.4% in a blow for ‘Abenomics’ growth plan

The second quarter of the year saw output contract by 0.4% despite prime minister Shinzo Abe’s huge stimulus programme to reverse years of poor growth

Japan’s economy shrunk 0.4% in the second quarter of the year, official data showed on Monday, underscoring how the prime minsister’s “Abenomics” growth programme has yet to grain traction.

Weak domestic consumption and slow exports weighed on the world’s third largest economy, which shrank an annualised 1.6%, after posting growth in the previous two quarters, according to the cabinet office.

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