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Equity Research
Asian stocks rose for a third day, led by technology companies and
automakers, as a $1.8 bn bid for Chartered Semiconductor Ltd. fueled
merger speculation. Chartered was halted from trading in Singapore.
Toshiba Corp. climbed 3.9 % in Tokyo after the Nikkei newspaper said
the company will contract out production to cut costs. Canon Inc.,
which gets 28 % of its sales from the Americas, gained 2.3 %, while
Toyota Motor Corp., the world’s No.1 automaker, rose 1 % after the
U.S. government said companies had cut fewer jobs than estimated in
August.
http://www.nirmalbang.com/Upload/Daily070909.pdf
automakers, as a $1.8 bn bid for Chartered Semiconductor Ltd. fueled
merger speculation. Chartered was halted from trading in Singapore.
Toshiba Corp. climbed 3.9 % in Tokyo after the Nikkei newspaper said
the company will contract out production to cut costs. Canon Inc.,
which gets 28 % of its sales from the Americas, gained 2.3 %, while
Toyota Motor Corp., the world’s No.1 automaker, rose 1 % after the
U.S. government said companies had cut fewer jobs than estimated in
August.
http://www.nirmalbang.com/Upload/Daily070909.pdf