European revenue: Foreign sales account for four fifths of Canon's revenue, with Europe, its biggest market, making up almost a third of the total. — Reuters
Energy
Brent crude was 0.04% lower to US$55.21 per barrel at 2.30pm.
Forex
Ringgit up 0.06% to 4.4278 versus the US dollar at 2.41pm.
Top foreign stories
Japan’s top shippers trim loss estimates as container units stabilise: Japan’s top three shippers, Nippon Yusen KK, Mitsui OSK and Kawasaki Kisen Kaisha pared their full-year loss estimates on Tuesday as a downturn in the global container market stabilised and a weakening yen helped bolster earnings as they cut costs. — Reuters
Canon sees first profit gain in 3 years after medical unit acquisition: Japanese camera and printer maker Canon Inc forecast full-year operating profit to climb 11.4%, its first rise in three years, bolstered by earnings from a medical equipment unit it bought from Toshiba Corp last year. — Reuters
Cautious BoJ raises growth forecast as economy shows flickers of life: The Bank of Japan (BoJ) kept monetary policy steady and maintained its optimistic price forecasts on Tuesday, signalling its confidence that a steady economic recovery will accelerate inflation to its 2% target without additional stimulus. — Reuters
Gold rises as Trump policy fuels safe haven demand: Gold rose on Tuesday on increased safe haven demand as US President Donald Trump’s tough stance on immigration rattled global markets, with prices finding further support from a weaker dollar. Spot gold rose 0.4% to US$1,200.00 per ounce by 0307 GMT, while US gold futures edged up 0.5% to US$1,199.60. — Reuters
Tech companies to meet on legal challenge to Trump immigration order: A group of technology companies plans to meet on Tuesday to discuss filing an amicus brief in support of a lawsuit challenging US President Donald Trump’s order restricting immigration from seven Muslim-majority countries, said a spokesperson for a company organising the gathering. — Reuters
Top local stories
December producer price index surges 6.5%: Malaysia’s Producer Price Index (PPI) for December 2016 surged 6.5% from a year ago, mainly due to a higher cost of production in agriculture, forestry and fishing, the Statistics Department said. — StarBiz
Matrade appoints new CEO: Malaysia External Trade Development Corporation (Matrade) has announced the appointment of Dr Mohd Shahreen Zainooreen B. Madros as its new CEO. The appointment, effective Feb 2, 2017, follows the retirement of Datuk Dzulkifli Mahmud on Jan 31, 2017. — StarBiz
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