Japanese stocks rose, with the Nikkei 225 (NKY) Stock Average rising the most in two weeks, after a North Korean rocket launch failed and Fast Retailing Co. forecast record profit. Shares pared gains as slower growth in China tempered optimism from a surge in new lending.
Fanuc Corp., which provides robotics for mainland factories, pared gains to 2.8 percent after the China gross domestic product report. Canon Inc., a camera maker that gets 27 percent of its sales in the Americas, advanced 1.3 percent after the U.S. Federal Reserve signaled interest rates will remain low. Fast Retailing Co. (9983), Asia’s biggest clothier, jumped 8.6 percent.
“It’s better to have it fail than succeed,” said Masahiko Ejiri, a senior fund manager in Tokyo at Mizuho Asset Management Co., which oversees $39 billion, speaking of North Korea’s unsuccessful rocket launch. “Even if they do build a nuclear weapon, it doesn’t matter if they can’t make it fly.”
Private sector ‘key pillar of national economy’
Riyadh Gov. Prince Khaled bin Bandar has stated that the private sector (PS) is an effective partner in development as a key pillar of the national economy, representing 95 percent of the size of the
Business model canvas focus of BCCI workshop
Bahrain Chamber of Commerce and Industry (BCCI) SME Development and Support Centre will hold a "Business Model Canvas" workshop for the second time, in addition to its next series on "Am I Innovatabl