Asia’s regional benchmark stock index headed for its first advance in three days, driven by a rally in Japanese exporters after the yen weakened past 102 versus the dollar. Stocks outside Japan declined.
Kubota Corp., the Japanese farm- tractor maker seeking an overseas purchase of as much as $2 billion, said the weakening yen will push sales to a record in the next fiscal year and won’t curb its acquisition appetite.
Deere & Co. , the world’s largest farm equipment maker, reported second-quarter profit that topped analysts’ estimates and raised earnings and sales forecasts for a second time this year as demand for farm machinery increased.
Deere & Co. , the world’s largest farm-equipment maker, reported a 47 percent jump in fiscal third-quarter earnings, while tempering investor expectations for the fourth quarter amid weakening demand in Western Europe.