The problem for Korea had seemed obvious: the won has climbed by a third against the Japanese currency, in theory allowing Japanese companies to undercut Korean competitors and carry home more yen.» Read More
TOKYO, May 24- The Nikkei share average snapped back into the red on Friday afternoon in a turbulent session, as the previous day's 7.3 percent plunge forced some investors to scale back their exposure to Japanese equities.
May 23- GameStop Corp raised the lower end of its full-year earnings forecast on Thursday after beating fourth-quarter estimates, counting on a boost from new gaming consoles due later this year and further growth in digital and mobile sales. New gaming consoles like Microsoft's Xbox One and Sony Corp's Playstation4 are expected to launch in coming months.
The problem for Korea had seemed obvious: the won has climbed by a third against the Japanese currency, in theory allowing Japanese companies to undercut Korean competitors and carry home more yen.
May 23- South Korea's economic problems aren't made in Japan. Investors convinced that Japan's weakening yen will help its companies claw global market-share back from Korean competitors have bought almost $75 billion worth of Japanese stocks so far this year.
Steve Durose, Senior Director, Head of APAC TMT Ratings at Fitch Ratings, is doubtful a spin-off of Sony's entertainment business would deliver significant focus or capital to its electronics unit.
Daniel Ernst, Principal of Hudson Square Research says Third point's proposal is realistic one and might just be a win-win for Sony.
Some of the names on the move ahead of the open.
*Sony board to assess proposal to spin off entertainment arm. Struggling electronics giant Sony Corp, though, with more foreign and fewer bank shareholders, may prove something of an exception.
Ben Collett, head of Asian equities at Sunrise Brokers, discusses Sony and Third Point Loeb's "shareholder activism", and explains why foreign investors should reduce their Japanese holdings.
*Sony cuts 2014-15 camera sales fcast to 1.3 trln yen from 1.5 trln. Third Point's "proposal is one that affects a core part of Sony's business and the direction of our management, so the Sony board will give it thorough consideration before replying to Mr.
Confidence returned to most Asian stock markets on Wednesday after investors were reassured that global central banks would not pare down their economic stimulus programs.
*Sony jumps on report of assessing spin-off proposal. TOKYO, May 22- The Nikkei average climbed 1.6 percent to a fresh 5-1/ 2- year high on Wednesday, spurred on by the Bank of Japan's optimism about the economic outlook, while Sony Corp surged on reports it may consider a proposal to spin off its entertainment assets.
TOKYO, May 22- Japan's Sony Corp lowered its sales target for digital cameras to 1.3 trillion yen for the fiscal year to end-March 2015, from a previous estimate of 1.5 trillion yen. Sony also cut its sales target for smartphones and tablets to 1.5 trillion yen in its 2014 fiscal year from an earlier outlook of 1.8 trillion yen.
Sony cut its sales targets for digital cameras, smartphones, and tablets, but said there were "encouraging" signs of a revival in its electronics business.
TOKYO, May 22- The Nikkei average climbed 1.6 percent to a fresh 5-1/ 2- year high on Wednesday, spurred on by the Bank of Japan's optimism about the economic outlook, while Sony Corp surged on reports it may consider a proposal to spin off its entertainment assets.
Ed Rogers, CEO & CIO of Rogers Investment Advisors talks Sony and Japanese economic reforms.
*Nikkei rises 1.2 pct, Topix up 0.7 pct in active trade. *Sony jumps on report of assessing spin-off proposal.
*Sony jumps on report of assessing spin-off proposal. TOKYO, May 22- Japan's Nikkei average climbed to a 5-1/ 2- year high on Wednesday, ahead of the outcome of the Bank of Japan meeting, with Sony Corp surging on reports it is considering evaluating a proposal to spin off entertainment assets.
NEW YORK-- A look at the 10 biggest volume gainers on New York Stock Exchange at the close of trading:. Denali Fund: Approximately 17,700 shares changed hands, a 408.2 percent increase over its 65- day average volume. The shares rose$. 08 or 1.5 percent to $5.39.
Sony shareholders will be able to gauge CEO Kazuo Hirai's response to activist investor Dan Loeb's proposal to break up the company when he gives an update on his revival strategy at a press briefing on Wednesday.