Asian stocks hit a 10-month high for a seventh day on Tuesday as investors were lifted by improving corporate earnings, though the non-stop pace of the rally caused some to wonder if it was overdone.
Asian stocks hit a 10-month high for a seventh day on Tuesday as investors were lifted by improving corporate earnings, though the non-stop pace of the rally caused some to wonder if it was overdone.
Trading company Sumitomo Corp entered the U.S. wind power market with its acquisition of a 42.5 percent interest in a Texas wind farm, the Nikkei business daily reported.
Hitachi Ltd plans to absorb five listed units, two sources close to the matter said on Monday, as the loss-making conglomerate tries to pool its sprawling resources to turn a profit.
Stock index futures pointed to a slightly higher open on Wall Street on Monday, mirroring gains in Asia and Europe, on mounting optimism over a recovery in corporate profits that has fueled a sharp two-week rally on stock markets worldwide.
Asian stocks rose for the ninth day in 10 on Monday, with investors still focused on upward momentum in corporate earnings, though some worried whether the gains were racing ahead of longer-term economic prospects.
Asian stocks rose for the ninth day in 10 on Monday, with investors still focused on upward momentum in corporate earnings and moving money into riskier, higher-yielding assets.
Sony Corp will likely invest more than 100 billion yen ($1.1 billion) in a planned liquid crystal display TV panel venture with Sharp Corp, the Nikkei business daily reported on Friday.
Japan's biggest mobile phone operator NTT DoCoMo Inc's group operating profit likely fell 16 percent to about 250 billion yen ($2.68 billion) in the April-June quarter as the year-earlier boost from reduced sales costs wore off, the Nikkei business daily said.
World stocks clung close to nine-month highs on Wednesday with some profit taking in Europe keeping a lid on further gains and cautious words from U.S. Federal Reserve Chairman Ben Bernanke dampening sentiment.
Electronics conglomerate NEC Corp is considering raising about $2.1 billion, a source familiar with the matter said, joining a rush of Japanese companies tapping a resurgent equity market for funds.
Shares of NEC tumbled 9.5 percent to 286 yen as investors worried the capital raising would dilute the value of their holdings. The benchmark Nikkei average rose 0.5 percent.
World stocks hit a one-month high on Friday on growing optimism that the earnings season may turn out to be better than expected, while investors set their eyes on giants such as Citigroup for clearer market trend.
Investors were looking to Bank of America and Citigroup for a fresh dose of earnings optimism on Friday, after strong reports from JPMorgan Chase and IBM raised hopes for a global recovery.
World stocks hovered around flat on Thursday despite strong Chinese growth data that provided reassurance on the global economy as investors braced for the spate of U.S. and European corporate results due this week.
Asian shares jumped on Thursday, buoyed by strong U.S. earnings and global recovery hopes after China's economy grew faster than forecast in the second quarter.
Asian share markets gained for a second session on Wednesday as blockbuster results from tech bellwether Intel Corp seemed to augur well for the U.S. earnings season and for consumer demand globally.
Asian share markets gained for a second session on Wednesday as blockbuster results from tech bellweather Intel Corp seemed to augur well for the U.S. earnings season and for consumer demand globally.
Asian stocks bounced on Tuesday as a rally in U.S. financial shares helped Japan break a long losing streak, while also reversing some of the recent safe-haven rush into the yen and sovereign bonds.
Asian stocks bounced on Tuesday as a rally in U.S. financial shares helped Japan break a 10-session losing streak, while also reversing a little of the recent safe-haven rush into the yen.
Stock futures were little changed on Monday as caution over the latest earnings season weighed and CIT Group Inc grappled with shoring up its finances, offsetting a broker upgrade of Goldman Sachs
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Japanese brewer Suntory Holdings Ltd said on Monday it was considering a merger with larger rival Kirin Holdings Co in a deal that would create one of the world's largest beverage and food firms.
Japanese brewer Suntory Holdings Ltd said on Monday it was considering a merger with larger rival Kirin Holdings Co in a deal that would create one of the world's largest beverage and food firms.