Japan Stocks Rally On U.S. Gains, Rising Euro
U.S. stock gains and a rising euro helped fuel a strong early rally for Japanese equities Friday, with Europe-sensitive tech and car-maker shares helping lead the advance.
Samsung 2Q Profit Up On Mobile-Device Strength
Samsung Electronics Co. (005930.SE, SSNHY) Friday reported a record second-quarter net profit as its mobile devices continued to sell well even though consumer spending was hit by the struggling global economy during one of the slower times of the year for technology companies.
Universal in Talks to Hive off Parlophone: Sources - FT
Universal Music Group is in talks to sell most of Parlophone as it looks to address EU concerns over its proposed acquisition of EMI Group Ltd.'s recording arm, of which Parlophone is part, the Financial Times reported Thursday on its website, citing unnamed people familiar with the situation.
Heineken Extends Deadline for Asia Pacific Breweries
Heineken N.V. (HINKY, HEIA.AE) said Friday it has given Fraser & Neave Ltd. (F99.SG) one more week to consider the Dutch beverage group's S$5.1 billion ($4.08 billion) offer to buy the Singapore conglomerate's stake in their joint venture Asia Pacific Breweries Ltd. (A46.SG). Heineken accepted a
Japan's Retail Sales Worsen In June
Japanese retail sales worsened in June, both overall and for large retailers in particular, according to Ministry of Economy, Trade and Industry data Friday.
Starbucks Reduces Earnings Outlook on Weak U.S. Economy
Starbucks Corp. (SBUX), whose fiscal third-quarter earnings rose a record 19%, said its customer traffic in U.S. cafes began slowing in June and the softness has continued in July.
Billabong Allows TPG to Conduct Due Diligence
Billabong International Ltd. (BBG.AU) said Friday the takeover bid by U.S.-based private equity firm TPG Inc. of 695.6 million Australian dollars (US$723.3 million) undervalues the company.
Japan's Deflation Speeds Up In June; Yen Falls
Japan's deflation accelerated in June, as the core consumer price index fell 0.2% from a year earlier, compared to a 0.1% drop in May, according to government data Friday.
Toshiba's Operating Profit To Surge: Report
Toshiba Corp.'s first-quarter operating profit is expected to exceed 10 billion yen ($127.9 million), the Nikkei reported, more than double the profit recorded in the same period a year earlier.
AIA 1st Half Profit Rises 10% to $1.44 Billion
Asian insurance heavyweight AIA Group Ltd. (1299.HK) on Friday beat estimates to report a 28% rise in new business value in the six months ended May 31, thanks to strong growth in Hong Kong, Thailand, Singapore and Malaysia.