- Mukesh Buch
- 18 Dec, 2014
- New York City
Godrej Ind sold stake in Godrej Properties and raised Rs 75 crore. IOCL started refinery of 15 million metric ton per year capacity in Odisha. L&T and Canada Pension Plan Investment Board invested Rs 1,000 crore in subsidiary of L&T.
- Devan Biswas
- 17 Dec, 2014
- New York City
Federal Reserve at the end of its two-day meeting lowered its assessment of jobless rate and inflation next year and softened its tone towards the rate hike in 2015.
- Nichole Harper
- 17 Dec, 2014
- New York City
President Barack Obama at a White House briefing this afternoon announced the end of diplomatic isolation of Cuba in place since 1961.
- Nichole Harper
- 17 Dec, 2014
- New York City
U.S. stocks on Wall Street traded higher after the latest decline in CPI was larger than expected. The fifth monthly only price decline drove the fall in the reported measure of inflation that many believe understates the inflation. U.S. lifted diplomatic sanctions on Cuba after five decades.
- Hiruki Nakamura
- 17 Dec, 2014
- New York City
Stocks in Japan and in Asia stabilized but Nikkie index lacked direction. The yen gained a fraction and oil and gold closed up. Japan Tobacco plunged more than 7% on the worries of Russia sales and a possible increase domestic tax.
- Marcus Jacob
- 17 Dec, 2014
- New York City
Australian stocks rebounded after a string of losses in last five days of trading. Aussie dollar dropped to a new four-and-half year low. Santos Limited agreed to sell assets and reduce debt burden. 8I Holdings, Ohh Media and LatAm completed initial public offering.
- Mukesh Buch
- 17 Dec, 2014
- New York City
Alstom secured an order worth Rs 151 crore from Rajasthan. Jagran Prakashan plans to buy Music Broadcast Pvt. Ltd. for about Rs 500 crore. SpiceJet may request Indian banks or financial institutions to extend its loans for Rs 600 crore.
- Mukesh Buch
- 16 Dec, 2014
- New York City
Boeing and CVS Health increase quarterly dividend and expand stock buyback program. FactSet Research net climbed 7%. Navistar net loss narrowed. Talisman Energy surged 48% after a $13 billion deal with Spain-based Repsol. VeriFone net swung to profit.
- Nichole Harper
- 16 Dec, 2014
- New York City
U.S. indexes and oil prices in New York were stable at least for today and Russia faced foreign exchange crisis. U.S. dollar and treasuries and the yen rose as investors avoided exposure to currencies of emerging markets.
- Marcus Jacob
- 16 Dec, 2014
- New York City
Australian stocks closed down following world markets weakness and the continued slide in oil prices. Oil futures extended losses for the sixth day in a row and Russian ruble collapsed forcing central bank to take emergency steps.
- Hiruki Nakamura
- 16 Dec, 2014
- New York City
Stocks in Tokyo and Asia declined for the second day on the dramatic turn of events in Russia. Nikkei dropped 2% and extended two-day sell-off after Russia hiked interest rate by 6.5% to ward off capital flight. Asahi Holdings Inc agreed to acquire Johnson Matthey Plc for $186 million.
- Mukesh Buch
- 16 Dec, 2014
- New York City
IDBI Bank won the government approval to sell its 5% stake in National Stock Exchange. Motherson Sumi plans to acquire Germany-based Scherer & Trier worth Rs 283 crore. Oil ministry faces hurdles in recovering $2.4 billion for the lost oil production from KG D6 block.
- Nichole Harper
- 15 Dec, 2014
- New York City
Stocks traded lacklustre in New York and Europe after oil price weakness extended to the sixth day in a row. Russian ruble plunged 9% and dropped to a record low of 64 against one dollar sparking capital flight of $125 billion. Market indexes across Europe drop more than 2%.
- Hiruki Nakamura
- 15 Dec, 2014
- New York City
Prime Minister Shinzo Abe