- Mukesh Buch
- 15 Dec, 2014
- New York City
Bharti Airtel plans to sell 1,100 telecom towers in Zambia and Rwanda to IHS. GMR Infra
- Mukesh Buch
- 15 Dec, 2014
- New York City
Apache agreed to sell its stake in its two LNG projects to Woodside Petroleum for $2.8 billion. Emerson Electric agreed to sell power transmission unit for $1.4 billion. PetSmart agreed to be acquired by a consortium for $8.7 billion. Thoma Bravo plans to acquire Riverbed for $3.6 billion.
- Nigel Thomas
- 15 Dec, 2014
- New York City
Carpetright pre-tax profit surged on 3% increase in revenues. Danske Bank estimated goodwill impairments of about 9 billion kronor. Johnson Matthey agreed to sell its gold and silver refining business to Japan-based Asahi Holdings for
- Marcus Jacob
- 15 Dec, 2014
- New York City
Australian stocks traded lower and the Aussie declined after the mid-year review of federal government budget showed a slowdown in revenues and deficit to surge to $40 billion. Recall Holdings rejected takeover offer.
- Nichole Harper
- 12 Dec, 2014
- New York City
Global markets accelerated decline after oil price loss in the year extended to 44%. The latest decline in oil price was driven by the lowered global oil demand growth in 2015. Currencies of oil producing nation including Russia, Norway, Venezuela and Middle Eastern stock markets took another hit.
- Hiruki Nakamura
- 12 Dec, 2014
- New York City
Tokyo indexes closed higher ahead of parliamentary election. Prime Minister Shinzo Abe
- Mukesh Buch
- 12 Dec, 2014
- New York City
Adobe Systems agreed to acquire privately-held Fotolia for about $800 million in cash and profit jumped 12%. Dominion Diamond net swung to profit. Esterline Technologies net swung to a loss. Nordson profit soared 21% on 14% increase in revenues. Quiksilver net loss narrowed.
- Nigel Thomas
- 12 Dec, 2014
- New York City
Conwert Immobilien agreed to sell two portfolios to a Czech company for about
- Marcus Jacob
- 12 Dec, 2014
- New York City
In volatile trading Australian market indexes plunged deep in red several times but at close managed to pare gains. Crude oil, iron ore, gold closed down at multi-year lows. Australian dollar declined to a 54-month low after RBA governor Glenn Stevens talked down the currency.
- Mukesh Buch
- 12 Dec, 2014
- New York City
Alstom won an order worth 246.20 crore from MSETCL. IL&FS Eng received a contract worth Rs 464 crore from Saudi Binladin Group. Tata Power and Russian Direct Investment Fund agreed to explore setting up power plants in Russia.
- Nichole Harper
- 11 Dec, 2014
- New York City
Stocks on Wall Street surged after better-than-expected increase in retail sales offered yet another confirmation of widening and improving economic activities. Retail sales rose 0.7%, weekly new claims of unemployment were below 300,000 and import price inflation was at a 2-year low on cheaper oil.
- Mukesh Buch
- 11 Dec, 2014
- New York City
Ciena net loss widened after revenues barely rose 1%. Danaher reaffirmed fiscal outlook. Lululemon revenues rose 9% but net dropped by the same amount. Lowe''''s jumped on positive outlook. Methode Electronics net surged 31%. Yum! Brand profit guidance.
- Hiruki Nakamura
- 11 Dec, 2014
- New York City
Stocks in Tokyo closed lower and extended 2-day losses to more than 3% after investors worried about the impact of the sharp plunge in oil prices since July. Hair transplant service provider and wigs maker, Aderans Co Ltd said sales growth though brisk edged lower in November.
- Nigel Thomas
- 11 Dec, 2014
- New York City
Inditex profit rose 1% to
- Marcus Jacob
- 11 Dec, 2014
- New York City
Australian unemployment rate increased to a 12-year high as the job creation slows down and energy companies curtail investments. Santos Limited plunged 8% after the natural gas explorer announced 25% cut in 2015 exploration budget, following other energy companies.