Consumer Goods & Retail

PRESS DIGEST - Vietnam newspapers - May 13 10:38pm EDT

HANOI, May 13 (Reuters) - These are some of the leading stories in the official Vietnamese press on Tuesday. Reuters has not verified these stories and does not vouch for their accuracy. Full Article

Seoul shares inch up; shipbuilders suffer 10:32pm EDT

SEOUL, May 13 (Reuters) - Seoul shares inched up on Tuesday, with gains by technology shares on the U.S. semiconductor index's advance overnight marginally outweighing losses by shipbuilders and refiners on rising commodities prices. Full Article

UPDATE 1-PRESS DIGEST - China - May 13 10:17pm EDT

BEIJING/SHANGHAI, May 13 (Reuters) - Chinese newspapers available in Beijing and Shanghai carried the following stories on Tuesday. Reuters has not checked the stories and does not vouch for their accuracy. Full Article

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Nikkei up 0.6 pct, exporters gain on softer yen 10:08pm EDT

TOKYO, May 13 (Reuters) - Japan's Nikkei share average rose 0.6 percent on Tuesday, tracking overnight gains on Wall Street, led by exporters such as Canon Inc on a softer yen. Full Article

Japan's Pioneer plans to cut 5 percent of workforce: media 9:23pm EDT

TOKYO (Reuters) - Pioneer Corp plans to slash nearly 5 percent of its workforce, or about 2,000 jobs, Japan's Nikkei business daily reported on Tuesday, as the electronics maker restructures its struggling plasma TV operations. Full Article

UPDATE 1-Indonesia's Bumi plans $239 mln share buyback 9:18pm EDT

JAKARTA, May 13 (Reuters) - Indonesia's largest coal miner, PT Bumi Resources Tbk , said on Tuesday it plans to buy back up to $238.97 million in shares, representing up to 1 percent of its share capital. Full Article

Nikkei rises 0.3 pct, exporters up, tracking Wall St 9:12pm EDT

TOKYO, May 13 (Reuters) - Japan's Nikkei share average edged up 0.3 percent on Tuesday, tracking overnight gains on Wall Street, led by exporters such as Canon Inc on a softer yen. Full Article

UPDATE 1-Australia's Harvey Norman 4-month sales up 6.4 pct 9:08pm EDT

MELBOURNE, May 13 (Reuters) - Australian electrical goods and furniture retailer Harvey Norman Holdings Ltd said on Tuesday total sales for the four months to April 30 rose 6.4 percent as consumers eased back on big-ticket purchases. Full Article

Nikon profit up; strong yen, rival hit outlook 10:03pm EDT

TOKYO (Reuters) - Japan's Nikon Corp said its quarterly operating profit rose 48 percent thanks to sales of advanced cameras and chip-making equipment, but it predicted a fall in operating profit this year. Full Article

CORRECTED - CORRECTED-Japan's Pioneer plans to cut 5 pct of workforce-media 8:55pm EDT

(Corrects paragraph four to ...in March... not last week) Full Article

Market Update

Exchanges and Trading Summit

Execs defend humans in high-tech markets Friday, 9 May 2008 08:04pm EDT

NEW YORK (Reuters) - The heads of the world's biggest stock exchanges agree there is still room for the "human element" in a high-speed trading environment that has aggressively gone electronic. Full Article

NASDAQ OMX backs Paulson rules blueprint

New trading platforms challenge LSE