Tags: Japan
Japan final PMI for October is nation's strongest in a year
Japan's Purchasing Managers Index (PMI) has reached it's strongest in a year, with a seasonally adjusted reading of 52.4 for the month of October, as conducted by a business survey from Nikkei last Monday.
South Korea and Japan break diplomatic freeze during trilateral summit
The leaders of South Korea and Japan have finally decided to break their long-standing diplomatic freeze in favor of combining forces to address North Korea's nuclear ambitions.
Daniel Loeb's Third Point picks stake in Seven & I
The US activist investor Daniel Loeb has bought a stake in a Japanese retailer Seven & I Holdings. Though the details about stake and valuation are not revealed, Loeb-run hedge fund Third Point is believed to have acquired stake below five percent. After the sale, the Japanese retailer is expected to take up restructuring exercise enhance profitability, reducing underperforming merchandise stores. Seven & I Holdings operates over 18,000 outlets under the brand 7-Eleven across Japan. Seven & I has decided to shut about 40 unprofitable Ito Yodado stores in the next five years.
GoPro misses revenue targets on sluggish sales, marketing mistakes
GoPro Inc has announced quarterly results below the market forecast as the demand for new cameras has been sluggish in the market. Recently launched wearable cameras haven't been received well by the market.