IBT Staff Reporter

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Asian stocks, commodities fall as Fed meeting looms

Silver tumbled on Tuesday and Asian shares pulled back from recent three-year highs in a bout of profit-taking before the Federal Reserve meeting this week where investors are seeking clues on when it plans to begin exiting its ultra-easy monetary policy.

Canon Q1 profit declines 5 percent, cuts annual outlook

Canon Inc <7751.T> reported a 5 percent fall in quarterly operating profit and cut its annual outlook to below market expectations as it copes with the effects of Japan's earthquake, which has hit suppliers and hobbled production.

Canon Q1 profit drops 5 percent, cuts annual outlook

Canon Inc <7751.T> reported a 5 percent fall in quarterly operating profit and cut its annual outlook on Tuesday as it copes with the effects of Japan's earthquake, which halted some production and looks likely to hinder it further.

Silver tumbles, snaps rally ahead of option expiry

Silver prices fell nearly five percent on Tuesday, snapping a rally in previous sessions that had carried them close to a record high, as option traders sold back metal to cover risks ahead of options expiry later in the day.

Asian shares slip ahead of Fed meeting

Asian stock markets inched lower on profit taking on Tuesday while the euro dipped before this week's Federal Reserve meeting where investors will look for indicators on its plans to exit the ultra-easy monetary policy.

Global stocks retreat before Fed vote

The euro retreated on Tuesday, though losses are seen as limited, while Asian shares pulled back from recent three-year peaks before this week's Federal Reserve meeting where investors will hunt for clues on when it plans to exit ultra-easy monetary policy.

Nintendo CEO: alliances with other firms may be needed

Nintendo said on Tuesday that alliances with other companies may be necessary, a day after the game maker reported its second straight fall in annual profit and said it would launch a successor to its aging Wii console.

Auto production faces bigger hit after Japan quake

Toyota Motor Co may slip to No. 3 in the automaker production rankings behind General Motors and Volkswagen due to Japan's earthquake and nuclear crisis, which slashed local output by almost two-thirds in March alone.

Goldman and banks offer Lehman restructuring plan

A group of creditors led by Goldman Sachs and Morgan Stanley proposed a restructuring plan for Lehman Brothers Holdings Inc that would boost recoveries for the banks and keep separate the assets of Lehman's bankrupt subsidiaries.

Barrick challenges Minmetals with rich Equinox bid

Barrick Gold Corp has agreed to pay C$7.3 billion ($7.68 billion) for Equinox Minerals , pitting the world's largest gold miner against a unit of China's top metals trader in a battle for increasingly scarce copper assets.

Nasdaq and ICE doubt NYSE-D.Boerse cost savings

Nasdaq OMX Group and IntercontinentalExchange warned NYSE Euronext investors to be highly skeptical of the additional cost savings that the NYSE says will result from its friendly merger with Deutsche Bourse.

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