- Mukesh Buch
- 03 Jun, 2014
- New York City
U.S. auto sales increased 11% in May and Chrysler sales in the month surged 17%, Ford sales rose 3% and GM sales jumped 13%. Toyota sales soared 17%. KKR agreed to buy Internet Brands $1.1 billion.
- Mukesh Buch
- 04 Jun, 2014
- New York City
ABM Industries net declined 21% but revenue increased 5%. Ambarella net jumped 6% but sales soared 21%. Ascena Retail net rose 3% after sales edged up. Cyberonics profit surged 60% and revenue climbed 9%.
- Nigel Thomas
- 04 Jun, 2014
- New York City
Dufry agreed to acquire Nuance Group for 1.55 billion Swiss francs. Lafarge will merge its South Africa unit with Lafarge Wapco. Pemex sold its 7.9% stake in Repsol worth
- Mukesh Buch
- 04 Jun, 2014
- New York City
U.S. exports declined 0.2% to $193.3 billion in April, a decline of $300 million from March and imports increased 1.2% or $2.7 billion to $240.6 billion, the Commerce Department said today.
- Nichole Harper
- 04 Jun, 2014
- New York City
U.S. stocks traded sideways and a measure of productivity showed a sharp decline in the first quarter. U.S. trade deficit widened to a 2-year high on higher imports of foods, auto, electronic products and crude oil.
- Nigel Thomas
- 03 Jun, 2014
- New York City
Pennon Group profit surged to
- Hiruki Nakamura
- 04 Jun, 2014
- New York City
Stocks in Tokyo closed higher for the tenth day in a row in a longest rally in five years as investors focused on rising dollar and the monetary stimulus in Europe. Dai-ichi Life confirmed the purchase of U.S. based protective Life for $5.7 billion.
- Marcus Jacob
- 04 Jun, 2014
- New York City
Australian investors focused on the stimulus announcement from the European Central Bank tomorrow. Australian GDP rose at the fastest pace in two years but economists warned the recent decline in iron ore price will impact the economic data in the next quarters.
- Mukesh Buch
- 04 Jun, 2014
- New York City
Maruti Suzuki production in May jumped 20%. NFL climbed after net loss narrowed as net sales surged 73%. Trent said Tesco completed its stake acquisition in Trent Hypermarkets.
- Nichole Harper
- 03 Jun, 2014
- New York City
U.S. stocks opened lower and the European Central Bank is considering additional liquidity measures to arrest the risks of negative price spiral. Asian markets closed higher as U.S. indexes closed up 2% in May, fourth monthly increase in a row. Factory orders rise slows to 0.7% in April.
- Nigel Thomas
- 03 Jun, 2014
- New York City
The euro zone inflation stayed below 1% for the eighth month in a row as the central bank mulls additional conditional liquidity measures for banks. The inflation index fell to 0.5% rate in May from 0.7% in April, the Eurostat said in Luxembourg today.
- Hiruki Nakamura
- 03 Jun, 2014
- New York City
Stocks in Japan extended gains for the ninth day in a row and the yen eased. The government pension fund report notes were seen as a boost to Japanese equities. Market indexes in Asia closed higher.
- Marcus Jacob
- 03 Jun, 2014
- New York City
Australia left its interest rate at record low 2.5% and current account deficit fell after a surge in iron ore and coal exports in the last quarter. RBA also noted high value of Aussie despite the sharp fall in coal and iron ore prices. Retail sales in April declined 0.2%.
- Mukesh Buch
- 03 Jun, 2014
- New York City
Ashok Leyland total sales in May declined 9%. Adhunik Industries net soared 54% on 32% drop in sales. Dr Datsons Labs net loss narrowed. Eicher Motors sales surged 86% and export climbed. Tata Motors total sales plunged 24%.