U.S. stocks pared gains, with the Nasdaq struggling to hold onto Friday's record close as investors digested earnings and looked ahead to the Fed.» Read More
TOKYO, April 27- Japan's Canon Inc reported first-quarter net profit that fell by almost a third on Monday, grossly undershooting expectations, citing a collapse in demand for compact digital cameras. Profit at the world's largest camera maker fell to 33.93 billion yen in January-March, compared with the 53.64 billion yen average estimate of 5 analysts...
China stocks soared to multi-year highs on Monday while caution over central bank meetings weighed on the rest of Asian indices.
TOKYO, April 27- Canon Inc on Monday said net profit fell 28.7 percent in its first quarter, falling short of analyst estimates, as the Japanese company faced slumping sales of digital compact cameras. Profit was 33.93 billion yen in January-March, compared with the 53.64 billion yen average estimate of 5 analysts according to Thomson Reuters data.
*Canon, Fanuc among companies reporting earnings Mon. TOKYO, April 27- Japanese stocks were flat in a choppy Monday morning as investors were cautious amid the earnings season and ahead of some key events later this week, including central bank meetings in Japan and the United States. "The Nikkei will likely stay directionless this week," said Nobuhiko Kuramochi, a...
Asian stocks jumped on Tuesday, joining the global rally induced by China's move over the weekend to stimulate its cooling economy.
TOKYO, Apr 21- Japanese stocks rose on Tuesday morning as growing hopes for strong corporate earnings drove up exporters such as Toyota Motor and Panasonic Corp. The Nikkei benchmark added 0.8 percent to 19,796.72 Market analysts said that investors are seeking out stocks before earnings announcements, hoping that corporate governance reforms will boost...
Asia's equities joined their global peers to rise on Thursday, with China's Shanghai Composite index finishing at a fresh multi-year high.
Shares in Hong Kong and Tokyo outperformed the region to scale fresh multi-year highs on Thursday.
*Canon says set to secure 76 percent of Axis. *Offer period extended to April 21. TOKYO, April 8- Canon Inc said it was extending the offer period for its proposed $2.7 billion takeover of Swedish video-surveillance firm Axis AB after falling short of its ownership goals, but stressed it would not be raising its bid.
TOKYO, April 8- Canon Inc said on Wednesday it was extending the offer period for its proposed $2.8 billion takeover of Axis AB until April 21, after it acquired 76 percent of the shares in the Swedish video-surveillance firm. The Japanese camera maker is aiming to take full control of Axis, but hedge fund Elliott Management has complicated the bid after it raised...
Central banks are the key theme in Asia on Tuesday, with equities in the region largely in positive territory.
Exchange-traded funds have surged in popularity in 2015, but it's not U.S. equities that are leading the charge.
Asian stocks advanced amid choppy trade on Friday as traders looked ahead to the release of the closely-watched U.S. jobs report.
Chinese shares outperform the region as data suggesting a sluggish economy fueled hopes of more monetary stimulus measures.
STOCKHOLM/ TOKYO, March 31- Hedge fund Elliott Management has raised its stake in surveillance camera maker Axis AB, a disclosure notice showed, possibly putting pressure on Japan's Canon Inc to sweeten its 23.6 billion crown takeover bid. Canon, the world's leading camera maker, in February launched a friendly offer to buy Axis shares to expand in the...
Retail technology venture capitalist Kyle Fugere offers up three business models disrupting retail as we know it.
Equity markets in Tokyo and Shanghai outperformed the region to scale fresh multi-year highs on Monday, drawing strength from a strong finish on Wall Street last week.
Thailand's economy is at risk as electronics manufacturers ditch the country's outdated facilities for cheaper alternatives in neighboring countries.
BANGKOK, March 19- Next month the last batch of televisions will roll off the production line at LG Electronics' plant in Thailand's Rayong province, just east of Bangkok. The move is part of a downward trend for Thailand's once-booming electronics industry, that is struggling to find a foothold in the global supply chain for modern technology like smartphones...
Asian stocks rose on Tuesday, with markets in Tokyo, Shanghai and Seoul ending the session at new highs.