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“The profit margin at Sony’s pictures business is thinner than rivals, but that’s a result of past management decisions, including the sale of rights to Spider-Man merchandise.”. The business is on track to recover from a series of short-term measures that cost the company long-term profit, Yasuda said. Sony forecasts its pictures segment to report 50 billion yen in operating profit for the year ended March, less than a tenth of the estimated 870 billion yen profit for the entire company.

WASHINGTON (Reuters) - The U.S, Trade Representative on Monday proposed a list of European Union products ranging from large commercial aircraft and parts to dairy products and wine on which to slap tariffs as retaliation for European aircraft subsidies, With the move, the USTR said it was kicking off the process for retaliation against over $11 billion worth of 3d matte black darth vader stud set cufflinks damage from EU subsidies to Airbus that the World Trade Organization has found cause “adverse effects” to the United States..

The European Union and the United States have been battling for more than a decade over mutual claims of illegal aid to plane giants Boeing and Airbus, with parallel cases at the WTO. Both sides have been caught paying billions of dollars of subsidies to gain advantage in the global jet business. The move by the USTR marks an escalation of tensions as the United States seeks to slap hefty tariffs on a range of EU products. The EU has left most of its subsidies unchanged and launched additional aid since the challenge, USTR said.

“Our ultimate goal is to reach 3d matte black darth vader stud set cufflinks an agreement with the EU to end all WTO-inconsistent subsidies to large civil aircraft, When the EU ends these harmful subsidies, the additional U.S, duties imposed in response can be lifted,” U.S, Trade Representative Robert Lighthizer said in the statement, The WTO said last year it would evaluate a U.S, request to slap billions of dollars worth of sanctions on European products in response to a ruling that the EU had doled out the illegal subsidies to the aircraft giant..

ZURICH (Reuters) - Crimefighters in Switzerland and Brazil pledged to intensify cooperation to resolve the sprawling corruption case linked to state oil firm Petrobras in which around 700 million Swiss francs ($701 million) remain frozen in Switzerland. Switzerland has so far returned roughly 365 million Swiss francs ($365.6 million) to Brazil related to Petrobras and construction firm Odebrecht, the Swiss Office of the Attorney General (OAG) said on Tuesday, including 9 million francs in March.

Around 70 related criminal proceedings are under way in Switzerland, two of which are scrutinizing Swiss financial groups, the OAG 3d matte black darth vader stud set cufflinks said after Swiss Attorney General Michael Lauber and Brazilian Prosecutor General Raquel Dodge met in Brasilia on Monday, “The two counterparts signed a joint declaration reaffirming their commitment to continue and intensify their cooperation,” the OAG said in a statement, More than 130 businessmen and politicians have been convicted in Brazil in the case, focused on political kickbacks and money laundering at Petrobras and Odebrecht, Ex-Brazilian President Luiz Inacio Lula da Silva is serving a 12-year prison sentence..

PARIS (Reuters) - European planemaker Airbus said on Tuesday it saw no legal basis for the United States’ move towards imposing trade sanctions on its aircraft and warned of deepening trade tensions. Washington on Monday proposed a list of EU products, from large commercial jets to dairy products and wine, on which to impose tariffs as retaliation for European aircraft subsidies. The EU and the United States have fought for over a decade over mutual claims of illegal aid to plane giants Boeing and Airbus. Both sides have been judged by the WTO to have paid billions of dollars of subsidies to gain advantage, and asked to stop or face potential sanctions.

Airbus spokesman Rainer Ohler said the planemaker had taken measures to comply with the “relatively minor” outstanding requirements, U.S, talk of $11 billion worth of damage from EU subsidies to Airbus was excessive, he added, “The amount is largely exaggerated and in any case will be defined by the WTO and 3d matte black darth vader stud set cufflinks not the U.S.” Ohler said, Ohler said a WTO ruling last week against tax breaks for its U.S, rival Boeing should allow the EU to seek “even greater countermeasures.”..



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