Asia
Tiffany's stock jumps after earnings and revenue rise above expectations
Shares of Tiffany & Co. surged 2.4% in premarket trade Tuesday, after the high-end jewelry retailer reported fiscal third-quarter profit and sales that surprisingly that surprisingly rose above expectations. Earnings for the quarter to Oct. 31 increased to $95.1 million, or 76 cents a share, from $91.0 million, or 70 cents a share, in the same period a year ago. The FactSet consensus for earnings per share was a decline to 67 cents. Revenue grew to $949.3 million from $938.2 million, compared with the FactSet consensus for a decline to $923.8 million. Same-store sales fell 2%, compared with the FactSet consensus of a 4.1% drop, as a 20% jump in Japan same-store sales was well above expectations of a 4.3% fall. Net sales in the Americas, Asia-Pacific and Japan beat the FactSet consensus while Europe sales fell below. The company affirmed its fiscal 2016 outlook for sales and adjusted EPS. "We are encouraged by some early signs of improvement in sales trends, but we clearly need more positive data over time before this can be considered an inflection point," said Chief Executive Frederic Cumenal. The stock has gained 2.4% year to date through Monday, while the SPDR S&P Retail ETF has climbed 6.5% and the S&P 500 has rallied 7.7%. 7:01 a.m. Today7:01 a.m. Nov. 29, 2016
Asian markets fall as worries over OPEC, Italian vote weigh
Caution over Italy’s impending referendum and uncertainty over oil weighed on stocks in Asia on Tuesday, with investors booking modest profits to hold cash. 4:42 a.m. Today4:42 a.m. Nov. 29, 2016
Dollar regains some ground as OPEC, other events loom
A myriad of events this week is keeping investors on the fence, and the dollar was slowly getting back some ground as some say its upward trajectory is far from over. 1:20 a.m. Today1:20 a.m. Nov. 29, 2016
Asia Headlines
India's LGBT Community Campaigns for Rights
Thousands of Indians turned out to call for LGBT rights in New Delhi, three years after the country's top court reinstated a colonial-era law that bans gay sex. Photo: Karan Deep Singh/The Wall Street Journal
Asian markets drop on concerns OPEC won’t get a deal done
Expectations that an Organization of the Petroleum Exporting Countries production deal was unraveling dominated Asian trade Monday, adding volatility to regional stocks and currencies.
6:04 a.m. Nov. 28, 2016
Shenzhen-Hong Kong stock-trading link to open in December
After delays, the long-awaited Shenzhen-Hong Kong Stock Connect gets the nod from regulators to launch, which will make more than 800 of China’s fastest-growing companies available to foreign investors.
9:45 a.m. Nov. 25, 2016
Nikkei pares gains after tapping 10-month high
The Asian stock markets were broadly higher early Friday, with Japan’s Nikkei leading after the yen hit a fresh eight-month low against the dollar, helping boost the competitiveness of the country’s exports.
4:56 a.m. Nov. 25, 2016
In Trade Lingo, Is RCEP the New TPP?
As the U.S.-led trade agreement Trans-Pacific Partnership, or TPP, fumbled, the focus has shifted to another deal: the Regional Comprehensive Economic Partnership, known as RCEP.
China struggles to steady yuan's decline
China is facing an uphill battle to maintain an orderly depreciation of the yuan as investors pile up bearish bets against the currency outside the mainland. The gap between the yuan's value against the dollar in the domestic market and in what is known as the offshore market in Hong Kong, has been widening in recent days.
11:20 a.m. Nov. 24, 2016
Dollar taps fresh 13-year high after U.S. data add to rate-hike case
Strong U.S. durable goods orders and consumer sentiment data on Wednesday bolstered already heightened expectations that the Fed will keep tightening monetary policy to prevent the economy from overheating.
6:35 a.m. Nov. 24, 2016
Asian markets feel the chill as capital-flight fears rise
Asian markets were broadly down Thursday, in response to strong overnight U.S. economic data Thursday that pointed to rate rises, more dollar strength and the possibility of more capital flight from Asia.
1:25 a.m. Nov. 24, 2016Video
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1:15 a.m. Nov. 23, 2016
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4:49 a.m. Nov. 22, 2016
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6:47 a.m. Nov. 21, 2016
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8:52 p.m. Nov. 20, 2016
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