Athens-based Coca Cola Hellenic Bottling (CCHBC) reported on Thursday a net loss of 28.4 million euros ($37 million) in the first quarter of 2012, up from 8.9 million a year earlier.

CCHBC, Coca-Cola's regional subsidiary and one of the largest bottlers of non-alcoholic beverages in Europe, operates in 28 countries in Europe and Africa and employs a workforce of more than 41,000.

Olympus on Thursday posted a $620 million loss in the year to March, a shortfall largely tied to a loss cover-up at the camera and medical equipment maker that hammered Japan's corporate-governance image.

The firm said it lost 48.99 billion yen ($620 million) in the fiscal year, after a scandal that sparked lawsuits and the arrest of former executives accused of hiding about $1.7 billion in investment losses.

HSBC said Thursday it is in talks to sell assets in several South American countries, as part of the banking giant's plans to streamline its global operations to cut costs.

Europe's biggest bank said in a statement to the Hong Kong stock exchange, where it is listed, that "it is in discussions regarding the possible sale of its operations in Colombia, Peru, Uruguay and Paraguay".

Sony on Thursday said it would swing to a $376.5 million profit in its current fiscal year ending March 2013, promising a turnaround after years of losses at the Japanese electronics giant.

The company said it expected to book earnings of 30.0 billion yen ($376.5 million) for the year, as it embarks on a massive corporate overhaul to revive its struggling business.

Greece could be forced to leave the eurozone if it fails to abide by EU and IMF loan commitments, a government economic advisor warned Wednesday as Athens raised prospects of renegotiating a bailout deal.

"If we say no to everything, we leave the eurozone," said Gikas Hardouvelis, economic advisor to outgoing Prime Minister Lucas Papademos.

Etihad Airways said it remains strongly confident of Airbus' A350 program despite cancelling its order for seven planes of the delayed stretched-body A350-1000.

"Etihad Airways has a great deal of confidence in the A350 XWB program and we retain attractive delivery positions for the -1000 derivative," said an airline spokesperson in a statement received by Agence France Presse on Tuesday.

Ratings agency Moody's said Monday that it has downgraded Alcatel-Lucent's rating by one notch, from B1 to B2, over concerns the global communications giant is on the verge of cash-flow problems.

"Alcatel-Lucent has been consuming cash from operations since the 2006 merger between Alcatel and Lucent Technologies," Moody's said in a statement.

Saudi tycoon Prince Alwaleed bin Talal has signed agreements with Bahrain to move his Rotana news and entertainment company from Cairo to the protest-hit Gulf state, the official BNA agency said on Wednesday.

The move comes as Prince Alwaleed plans to launch 24-hour news channel, Alarab in the first half of 2013 to compete with Al-Jazeera, Al-Arabiya and the newly-launched Sky News Arabia satellite news channels.

Mexican telecommunication giant America Movil, controlled by billionaire Carlos Slim, on Tuesday announced an offer of eight euros a share for a 28-percent stake in Dutch telecoms operator KPN.

The price offered is 23.5 percent higher than the Dutch company's last listed share price, the company said in a statement, adding that it planned to make the offer by early June at the latest.

Boeing and Airbus suffered major order cancellations last month, with airlines dropping 25 787 Dreamliners and seven A350s, according to data released by the aircraft manufacturers on Monday.

With 25 cancellations of 787 Dreamliners by clients not named, against 19 orders so far this year, Boeing is in negative territory for its flagship aircraft built largely with composite materials that it says will use 20 percent less fuel than similarly sized aircraft.