- Marcus Jacob
- 18 Aug, 2014
- New York City
Australian market indexes closed higher and the Aussie dollar closed above 93 U.S. cents. Abacus Property in partnership with KKR acquired towers in World Trade Center in Melbourne. National Australian Bank quarterly net increased 7% to $1.6 billion on 1% decline in revenues.
- Mukesh Buch
- 18 Aug, 2014
- New York City
Alok Ind net climbed 32%. Cipla net declined 39%. Lanco Infratech net loss narrowed. RCom net soared 21% and RCapital profit jumped 23%. SpiceJet net swung to loss. Supreme Infra net plunged 48% after revenue dropped 14%. Whirlpool net and revenue surged.
- Nichole Harper
- 15 Aug, 2014
- New York City
U.S. stocks erased losses in the session and markets in Europe registered best weekly gain in the year so far. S&P 500 index in the week gained 1.2% and the Nasdaq Composite advanced 2.2%. Retailer faced another day of sell off after weak results from Nordstrom, JC Penny and Dillard
- Bikram Pandey
- 15 Aug, 2014
- New York City
Markets across Europe register best weekly gain in 2014 after investors returned to add stocks on hopes of receding tensions between Russia and Europe. However, most nations struggled to expand economy in the second quarter and the much expected recovery is likely to be delayed several quarters.
- Mukesh Buch
- 15 Aug, 2014
- New York City
Applied Materials net soared 79%. Agilent Technologies net declined 13% but revenue climbed 7%. Dillard''s net dropped 6%. Estee Lauder profit surged 174%. J C Penney net loss narrowed. Coca-Cola acquired 17% stake in Monster Beverage. Nordstrom net slid.
- Nigel Thomas
- 15 Aug, 2014
- New York City
Alpha Pyrenees net loss widened to
- Hiruki Nakamura
- 15 Aug, 2014
- New York City
Stocks in Tokyo advanced for the third day in a row and the yen traded above 102 against the U.S. dollar and fell 0.6% in the week after geopolitical tensions eased. Aderans, the hair transplant service provider reported second monthly surge in revenues in a row.
- Marcus Jacob
- 15 Aug, 2014
- New York City
Australian market indexes gained 0.3% and extended weekly advance to 2.4%. ANZ Banking Group said nine-month cash profit increased 8% to $5.2 billion and the bank said it is on track to meet its annual earnings outlook. James Hardie plunged 7% after quarterly net dropped 80%.
- Nichole Harper
- 14 Aug, 2014
- New York City
Stocks on Wall Street traded higher after conciliatory comments from Russian President Putin. On the domestic front, Wal-Mart quarterly sales met expectations but the largest retailer lowered estimates. Cisco Systems to eliminate 6,000 jobs after quarterly net fell 1%.
- Mukesh Buch
- 14 Aug, 2014
- New York City
Advance Auto Parts net soared 19%. Cisco net fell 1%. NetApp net jumped 8% but revenue fell 2%. Kohl
- Nigel Thomas
- 14 Aug, 2014
- New York City
Novozymes net surged 20% to 1.28 billion kronor. RWE profit tumbled 62% to
- Mukesh Buch
- 14 Aug, 2014
- New York City
GMR Infra and Gammon India net loss widened. Hindalco net declined 31%. IL&FS net surged 77%. Jyothy Lab profit soared 80% and revenue surged 112%. Nalco profit soared 70%. ONGC net and revenue advanced. Voltas profit surged 67%. West Coast Paper net climbed 38%.
- Marcus Jacob
- 13 Aug, 2014
- New York City
Stocks in Sydney closed lower after CBA reported record annual profit but missed higher expectations set by investors. Wage price increase in June quarter was subdued, the third mild quarterly increase in a row. CBA annual net increased 12% to $8.6 billion. CSL net jumped 8%.
- Hiruki Nakamura
- 13 Aug, 2014
- New York City
Stocks in Tokyo traded sideways after a week of volatile trading and the second quarter GDP contraction was revised to 6.8% from the previous estimate of 6.1%. Consumer spending in the quarter plunged 5.2%.
- Mukesh Buch
- 13 Aug, 2014
- New York City
BHEL net tumbled 58% and revenue declined 21%. EIL net plunged 38%. IOC, Sun Pharma, Siemens net swung to profit. NMDC net soared 22%. P&G net surged 73%. Tata Steel net tumbled 70.4%. Tata Power net loss narrowed.