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ARM tops forecasts on boom in smartphones and tablets

April 23, 2013 02:45
By Paul Sandle LONDON (Reuters) - British chip designer ARM Holdings beat first-quarter profit forecasts, driven by buoyant demand for smartphones and tablets that use its processor technology and the strength of the dollar. Chief financial officer Tim Score predicted the success of customers like Apple and Samsung would help the firm to continue outperforming rivals, boosting its high-flying shares over 8 percent on Tuesday.

ASML sees sales pick-up in second quarter, announces CEO change

April 17, 2013 02:15
AMSTERDAM (Reuters) - ASML, the world's leading provider of tools for making computer chips, said it expects a pick-up in second-quarter sales and stuck to its outlook for flat revenue this year as consumers switch from personal computers to tablets and smartphones.

Asian markets mixed, yen flat after BoJ vote

March 15, 2013 04:45
Asian markets were mixed on Friday following another strong lead from Wall Street, where traders took heart from more upbeat US jobs numbers. The yen was flat after Japanese lawmakers gave final approval to the government's nominees to take the helm at the Bank of Japan, with expectations high that it will usher in more aggressive monetary easing.

Asian markets mostly rise, yen dips after BoJ vote

March 15, 2013 03:15
Asian markets were mostly higher on Friday following another strong lead from Wall Street, where traders took heart from more upbeat US jobs numbers. The yen eased a tad after Japanese lawmakers gave final approval to the government's nominees to take the helm at the Bank of Japan, with expectations high that it will usher in more aggressive monetary easing.

China Mobile 2012 growth slows to 2.7%

March 14, 2013 03:45
China Mobile, the world's biggest mobile operator by subscribers, on Thursday said its 2012 net profit slowed to 2.7 percent, blaming intensified competition in the country. The figures come after reports the firm held talks with Apple chief executive Tim Cook in January in Beijing, raising hopes it will soon begin offering the iPhone. Net profit for the 2012 fiscal year rose to 129.38 billion yuan ($20.79 billion) compared to 125.98 billion yuan in 2011, the company said in a filing to the Hong Kong stock exchange. Revenue was up 6.1 percent at 560.41 billion yuan.

Asian markets rise after Dow hits record high

March 6, 2013 03:45
Asian markets rallied Wednesday following a record-breaking performance by shares on Wall Street, with Tokyo and Sydney both hitting multi-year highs. The stand-out player was Japanese electronics giant Sharp, which surged more than 17 percent in the morning on reports that it was ready for a tie-up with South Korea's Samsung worth more than $100 million. Tokyo added 2.13 percent, or 248.82 points, to end at 11,932.27 while Sydney was 0.82 percent higher, adding 41.4 points to 5,116.8 -- both indexes sitting around highs not seen since September 2008.

Shares in Sharp up 17% on Samsung tie-up reports

March 5, 2013 21:15
Shares in struggling Japanese electronics maker Sharp jumped 17 percent on Wednesday after media reports of a $108-million tie-up with South Korean giant Samsung. Shares in Sharp opened up 17.06 percent at 350 yen on the Tokyo Stock Exchange before easing slightly to 344 yen. The Nikkei business daily and other media reported Wednesday that Samsung was set to make a capital injection in a deal that would give the South Korean firm greater access to smartphone and tablet computer screens.

Samsung to pump $1 bn into research, venture fund

February 4, 2013 18:00
Samsung announced Monday it was pumping more than $1 billion into research and venture capital funding efforts that will be led by a new hub for the South Korean giant in Silicon Valley. The electronics giant said it was launching a $1 billion "Samsung Ventures America Fund" and a $100 million "catalyst fund" which will "fuel innovative technologies and business models through all stages of business."

European shares edge up, led by tech sector

January 11, 2013 04:45
LONDON, Jan 11 (Reuters) - European shares edged higher on Friday, consolidating close to 2-year highs, led by gains in the tech sector. The FTSEurofirst 300 index of top European shares rose 0.1 percent to 1,165.70 points, flirting with a high of 1,170.29 points hit in the previous session, a level not seen since March 2011.
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