- Nichole Harper
- 20 Aug, 2014
- New York City
Stocks on Wall Street advanced after lackluster morning trading ahead of Fed minutes of meeting release. Central bankers are scheduled to meet at the annual gathering organized by the Fed tomorrow. Target lowered its annual outlook. Hertz withdrew its forecast.
- Nigel Thomas
- 20 Aug, 2014
- New York City
Balfour Beatty rejected third revised takeover offer from Carillion. Carlsberg profit climbed 7% to 2.2 billion kronor. Glencore net swung to profit of $1.7 billion. Heineken net fell 1% to
- Hiruki Nakamura
- 20 Aug, 2014
- New York City
Stocks in Japan closed higher and the Topix declined for the first time in seven days. Trade deficit in July widened but exports rose for the first time in the month on the higher shipments to Asia, Europe and the U.S.
- Mukesh Buch
- 20 Aug, 2014
- New York City
Ashok Leyland sold residential properties in Chennai and raised Rs 210 crore. Cadila Healthcare received the final approval from the U.S. drug regulator for anti-viral drug. Eros acquired worldwide rights of Zee TV premier content. Moser Baer net loss widened.
- Marcus Jacob
- 20 Aug, 2014
- New York City
Reserve Bank of Australia Governor Glenn Stevens focused on rate stability in a speech to parliament. Australian markets extended two-week gains and prices of iron ore remained firm for Shanghai delivery. Woodside Petroleum first-half net increased 27%. Wesfarmers Ltd annual net increased 19%.
- Nichole Harper
- 19 Aug, 2014
- New York City
U.S. stocks extended gains for the second day this week after geopolitical tensions eased and oil prices remained under pressure for the third week in a row. BHP Billiton decided to spin off assets as the mining boom wanes and company structure becomes unwieldy. World markets remain in the upswing.
- Hiruki Nakamura
- 19 Aug, 2014
- New York City
Stocks in Tokyo gained for the fifth day and Topix Index closed higher for the seventh day in a row. Resource linked stocks were actively traded after oil and metals prices eased and geopolitical tensions eased. The yen traded above 102 against one dollar.
- Mukesh Buch
- 19 Aug, 2014
- New York City
Dick''s Sporting net plunged 17% but revenue climbed 10%. Elizabeth net loss widened. Home Depot net soared 14.5% after sales jumped. Medtronic net declined 9%. TJX profit slid 0.5% while sales increased. Urban Outfitters net dropped 11%.
- Nigel Thomas
- 19 Aug, 2014
- New York City
Maersk profit surged 169% to 2.30 billion kronor and plans for share buy-back of 5.6 billion kronor. BHP Billiton net soared 23% to $13.8 billion and intends to spin off $15 billion of assets. Persimmon net climbed 63% to
- Marcus Jacob
- 19 Aug, 2014
- New York City
Australian indexes advanced and investors focused on the latest earnings announcements. After the close, BHP Billiton reported annual revenues increased 1.9% and net earnings surged 23%. Insurance Australia Group net soared 59% on lower than expected costs.
- Mukesh Buch
- 19 Aug, 2014
- New York City
Adani Ports starts expansion of Dhamra Port. BHEL developed fuel flexible boiler. Godrej will manufacture soaps and insecticides at new plant in Seemandhra. JSW Steel agreed to acquire Welspun Maxsteel for Rs 1,000 crore.
- Nichole Harper
- 18 Aug, 2014
- New York City
Market indexes on Wall Street soared 1% after investors focused on merger deals and domestic corporate news. Central bankers from around the world are scheduled to attend annual symposium organized by Federal Reserve this week.
- Mukesh Buch
- 18 Aug, 2014
- New York City
Dollar General offered $78.50 per share to Family Dollar. Google likely to acquire JetPac Inc. IBM received regulatory approvals to sale server business to Lenovo for of $2.3 billion. Ingersoll-Rand agreed to acquire Cameron Intl for $850 million.
- Hiruki Nakamura
- 18 Aug, 2014
- New York City
Stocks in Tokyo closed higher for the fourth day in a row and resource linked stocks gained. Chugai Pharmaceuticals soared 15% on the speculation the Roche Holding may make a bid for the rest of the stake in the company. Geopolitical risks continued to weigh on markets in Tokyo and Asia.