Reuters

TOKYO (Reuters) - Japan's Panasonic Holdings forecast on Thursday a 23% rise in operating profit for its battery-making energy unit in the current business year, after undershooting its estimated operating profit for the year that just ended.

Operating income for the key segment, which makes batteries for Tesla and other automakers, is expected to reach 109 billion yen ($700.11 million) in the year to March 31, 2025, Panasonic said.

The... (continue reading...)

BEIJING (Reuters) - China will send two warships to Cambodia and East Timor from the first half of May to mid-June, its defence ministry said, potentially further unnerving the United States over concerns about growing Chinese presence at a key Cambodian naval base.

China will send its largest naval training ship Qijiguang along with a giant amphibious warfare ship Jinggangshan to the two countries for training with local naval cadets to enhance... (continue reading...)

DUBAI (Reuters) - Yemen's Iran-aligned Houthis targeted two ships, the MSC DEGO and the MSC GINA, in the Gulf of Aden using a number of ballistic missiles and drones, the group's military spokesman Yahya Sarea said in a televised speech on Thursday.

Sarea said the group also targeted the MSC VITTORIA in the Indian Ocean and again in the Gulf of Aden.

(Reporting by Nadine Awadalla; Writing by Tala Ramadan; editing by Christina Fincher)

TOKYO (Reuters) -Nippon Steel, Japan's biggest steelmaker, on Thursday beat estimates, but posted a 20.8% decline in net profit for the year ended in March to 549.4 billion yen ($3.53 billion) because of losses on inactive facilities.

Nippon Steel had been expected to post a net profit of 464.6 billion yen, according to a LSEG poll of analysts.

For the year ending in March 2025, Nippon Steel forecasts a net profit of 300 billion yen because... (continue reading...)

LONDON (Reuters) -Britain's ITV forecast an around 12% jump in advertising revenue in the second quarter, four times the level achieved in the first and ahead of expectations, as it benefits from the Euros soccer championship which kicks off in June.

The company on Thursday reported a 6% drop in total external revenue in the first quarter to 727 million pounds ($908 million), in part reflecting the impact of last year's U.S writers' and actors' strike on... (continue reading...)