- Nigel Thomas
- 04 Dec, 2014
- New York City
DS Smith profit soared 36% to
- Nichole Harper
- 03 Dec, 2014
- New York City
Market indexes in New York traded higher and crude oil bounced around $67 a barrel. Walgreen fiscal first-quarter sales increased 6.8%. Abercrombie & Fitch comparable sales in third-quarter plunged 14%.
- Hiruki Nakamura
- 03 Dec, 2014
- New York City
Stocks in Tokyo advanced for the fourth day in a row and the Topix index closed at a high not seen since 2008. Toyota and Honda gained after the U.S. sales in November were ahead of expectations. Nissan sales lagged.
- Mukesh Buch
- 03 Dec, 2014
- New York City
Abercrombie & Fitch net swung to profit but sales declined. Alico agreed to acquire Florida-based three citrus producers for about $363 million. G-III Apparel net climbed 35%. Leidos net swung to profit. OmniVision net jumped 7%. Walgreen November sales climbed 5%.
- Marcus Jacob
- 03 Dec, 2014
- New York City
Australian market indexes rebounded from the early weakness and closed 0.8% higher despite the weakness in resource prices and in the economic growth. September quarter GDP growth was less than expected 0.3%. Aussie dollar edged down.
- Nigel Thomas
- 03 Dec, 2014
- New York City
Deutsche Bank and retail property group ECE agreed to acquire PalaisQuartier for about
- Mukesh Buch
- 03 Dec, 2014
- New York City
JSW Energy acquire two power projects worth Rs 9,700 crore from JP Power. Tata Motors to set up new unit an automotive unit in Brazil with $290 million investment. Supreme Court allowed to sell four properties worth Rs 2,700 crore of Sahara group.
- Nichole Harper
- 02 Dec, 2014
- New York City
Stocks on Wall Street trended higher in volatile trading and gold, silver, copper and oil fell more than 1%. U.S. construction spending increased 1.1% in October after slipping 0.1% in September. Fiat Chrysler led November auto sales with 20% surge.
- Mukesh Buch
- 02 Dec, 2014
- New York City
Ford November sales fell 2% despite Escape, Explorer and Mustang posted record sales. Fiat Chrysler climbed 20% and GM sales climbed 6% and the largest automaker said recall-related charges added to $2.7 billion. Johnson Controls lowered fiscal outlook.
- Hiruki Nakamura
- 02 Dec, 2014
- New York City
Stocks in Tokyo gained and market indexes closed at six-year new highs. Fast Retailing said November same-store sales increased 1.9% and total sales surged 4.1% from a year ago. Otsuka Holdings agreed to acquire Avanir Pharma for about $5.3 billion or $17 a share.
- Marcus Jacob
- 02 Dec, 2014
- New York City
The Reserve Bank of Australia left its benchmark rate unchanged at 2.5% and reiterated that the Aussie dollar is above its fundamental level. Current account deficit narrowed to $12.5 billion in the third-quarter. Seasonally adjusted new buildings approvals increased 11.4% in October.
- Nigel Thomas
- 02 Dec, 2014
- New York City
Aryzta group revenue soared 14% to
- Mukesh Buch
- 02 Dec, 2014
- New York City
Bajaj Auto November sales slid 0.4%. Hero MotoCorp sales rose 3%. NBCC secured an order of Rs 1,850 crore in Arunachal Pradesh. Tata Motors total sales increased 2%.
- Nichole Harper
- 01 Dec, 2014
- New York City
The plunge in crude oil price travelled around the global financial markets as the decline in oil price continued and wreaked havoc in financial asset prices of oil producing nations. U.S. holiday shopping over the weekend was sharply lower than a year ago.
- Mukesh Buch
- 01 Dec, 2014
- New York City
Avolon plans to launch $1.86 billion through an initial public offering. Cott plans to raise $615 million through a convertible bonds due in 2019. Fifth Street Finance net jumped 9%. Tandy Leather plunged on lowered fiscal outlook. Tetra Tech secured contract worth $216 million.