- Marcus Jacob
- 18 Jun, 2014
- New York City
Australian trading volume surged after Royal Dutch Shell sold its stake in Woodside Petroleum. South Africa based Woolworth shareholders approved the deal to acquire David Jones. Aquila Resources recommended to merge with China based Baosteel.
- Mukesh Buch
- 18 Jun, 2014
- New York City
Cipla agreed to acquire 60% stake in a Sri Lankan company for $14 million. Kotak Mahindra won an approval to increase foreign investment ceiling to 40%. RIL plans to invest $11.7 billion in telecom business and expected the approval of higher natural gas price in the next budget.
- Nichole Harper
- 17 Jun, 2014
- New York City
U.S. market indexes eased and Federal Reserve began two-day policy meeting. Gold and oil consolidated and violence in Iraq spread to more regions. Siemens and Mitsubishi Heavy offered a rival bid for energy business of Alstom SA in France. U.S. housing starts drop 6.5% in May.
- Nigel Thomas
- 17 Jun, 2014
- New York City
Siemens AG and its Japanese partner Mitsubishi Heavy Industries Ltd offered to acquire France based Alstom SA
- Mukesh Buch
- 17 Jun, 2014
- New York City
FactSet Research net dropped 4% despite revenue jumped 8%. Korn-Ferry net surged 74% on 9% revenue rise. Synutra Intl net swung to profit after sales surged 39%. SolarCity agreed to acquire Silevo Inc for $350 million.
- Hiruki Nakamura
- 17 Jun, 2014
- New York City
Stocks in Tokyo advanced on weaker than average volume and yen edged lower to close below 102 mark against the U.S. dollar. Casino game makers were in focus ahead of a parliamentary debate on casino laws tomorrow.
- Nigel Thomas
- 17 Jun, 2014
- New York City
Ashtead Group profit jumped 68% to
- Marcus Jacob
- 17 Jun, 2014
- New York City
Australian market indexes opened higher after the June RBA meeting minutes showed low interest rate environment is likely to continue. Automobile sales in May rose on a monthly basis but struggled from a year ago month. Royal Dutch Shell plan to cut its stake in Woodside to 4.5%.
- Mukesh Buch
- 17 Jun, 2014
- New York City
Essar Steel secured order to supply 102,000 tons of steel pipes from Gujarat government. Hindustan Zinc rose after government plans to sell its stake worth about Rs 20,000 crore. Tata Steel plans to raise up to Rs 14,000 crore.
- Mukesh Buch
- 16 Jun, 2014
- New York City
Level 3 plans to acquire TW Telecom for $5.64 billion. Medtronic agreed to a deal to acquire Covidien for $42.9 billion. SanDisk plans to buy Fusion-IO worth $1.1 billion. Williams Companies acquired Access Midstream for $5.99 billion. Yahoo plunged after Alibaba result.
- Nichole Harper
- 16 Jun, 2014
- New York City
U.S. stocks declined after the IMF lowered its assessment of the U.S. economic outlook. Oil and gold rose after violence in Iraq intensified and Russia cutoff natural gas supplies to Ukraine.
- Nigel Thomas
- 16 Jun, 2014
- New York City
Mitchells & Butlers agreed to acquire rival operator Orchid Group for
- Hiruki Nakamura
- 16 Jun, 2014
- New York City
Tokyo stocks declined after a 3-week rally and the yen advanced on the rising prospects of a U.S. airstrike in Iraq. Fighting intensified in Iraq and the oil prices extended gains for the third week in a row.
- Marcus Jacob
- 16 Jun, 2014
- New York City
Housing industry in Australia is expected commence on 180,000 new homes in the current year, an increase of 7.1% following 10.9% rise last year. Precious metals miners led the broader market advance after indexes reversed earlier losses in the day.
- Mukesh Buch
- 16 Jun, 2014
- New York City
Bank of India is planning to raise nearly $1.5 billion. GAIL reduced its stake in Dahej, Gujarat based petrochemical project controlled by ONGC. Net 4 India net swung to a loss. TCS lowered its quarterly outlook.