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This week's news on Nokia profits slump.

Rio's Profit Slumps 59% on Impairment Charge

9 Feb

WSJ.com - Asia

Rio Tinto, one of the world's largest mining companies, said profit slumped 59% in 2011 after it booked a $9.29 billion impairment charge, mainly against its struggling aluminum business.

Read more over at online.wsj.com
Aluminium writedown slashes Rio profit

9 Feb

The Age National Headlines

Mining giant Rio Tinto has booked a 59 per cent slump in net profit, primarily due to a hefty impairment charge for the aluminium business.

Read more over at www.theage.com.au
UMC Profit Slumps 82%

8 Feb

WSJ.com - Asia

Taiwan-based UMC, the world's second-largest contract chip manufacturer, said it plans to increase 2012 capital spending by 20% after it posted an 82% fall in fourth-quarter net profit.

Read more over at online.wsj.com
UBS profits down on weak business

7 Feb

From BBC News

Profits at Swiss bank UBS slump by three-quarters and the outlook remains tough as the eurozone crisis saps business.

Read more over at newsrss.bbc.co.uk
Suzuki's Net Falls 4.7% on Yen, India Crunch

6 Feb

WSJ.com - Asia

Suzuki Motor said net profit fell 4.7% in the first nine months of its fiscal year, as the strong yen and a slump in sales in its key India market squeezed the bottom line at the Japanese maker of cars and bikes.

Read more over at online.wsj.com
NTT Posts 56% Slump in Profit

6 Feb

WSJ.com - Asia

NTT, Japan's biggest telecommunications service company, said its net profit for the fiscal third quarter fell 56% due to a write-down in tax assets.

Read more over at online.wsj.com