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(Bloomberg) -- Sumitomo Corp. shares surged by the most since August 2020 after activist investor Elliott Management Corp. was said to have built a “large” stake in the Japanese trading house.Most Read from BloombergTesla Soars on Tentative China Approval for Driving SystemStocks Trade for 390 Minutes a Day. Increasingly, Only 10 MatterUS Warns ICC Action on Israel Would Hurt Cease-Fire ChancesYen Sparks Intervention Suspicion After U-Turn From 1990 LowsWhat 60,000 Headlines Say Ab...

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The Japanese operator of global clothing heavyweight Uniqlo is expected to post a stronger quarterly profit on Thursday as its overseas units make up for slowing growth at home. The increase builds the first quarter, when Fast Retailing posted a 25% jump in earnings on the back of strong results in China, its biggest foreign market. The company conservatively left its forward guidance unchanged after those results, so second-quarter results may top consensus figures, according to LightStream R...

U.S. Commerce Secretary Gina Raimondo told a gathering of business executives Tuesday in the Philippines that the Biden administration wants to double the country's semiconductor facilities.

The reveal for the Nintendo Switch 2 is reportedly planned for June 2024.

(Bloomberg) -- Nintendo Co. shares tumbled after reports that the company was pushing back the launch of its Switch successor to the beginning of next year.Most Read from BloombergTrump Keeps NY Empire Intact as Judge Rescinds Asset-Sale OrderRecord US Stock Rally Is Under Threat From a World in TurmoilChina Stocks Primed for Bullish Reopen After Upbeat DataWall Street’s Moelis Bet Big on the Middle East. Now He’s Cashing InSystemic Risk Concerns Grow Among Money Managers as Real E...

After seeing a record high last month - Nintendo's shares in Japan have dropped after last week's report that the Switch s...

Image: Damian McFerran / Nintendo LifeNintendo's shares fell in Japan after last week's report that the Switch successor won't launch until Q1

There were reports last week from multiple sources claiming Nintendo is now aiming to release the successor the [...]

Fujitsu's role in the U.K. Post Office scandal has analysts wary of what the fallout could look like for the Japanese IT giant.