- Marcus Jacob
- 22 Aug, 2014
- New York City
Australian indexes extended gains by 0.1% and gained 1.4% in the week on better than expected domestic earnings. In the coming week, Qantas Airways, Woolworths and WorleyParsons are scheduled to release earnings.
- Mukesh Buch
- 22 Aug, 2014
- New York City
Arvind plans to open 40 stores in a retail venture with the U.S.-based retailer Gap. Hotel Leela and U.K. based Carnival Group discuss acquisition. L&T received total contract worth Rs 1,832 crore in July.
- Nichole Harper
- 21 Aug, 2014
- New York City
U.S. market indexes traded higher after morning weakness. Bank of America agreed to pay $16.5 billion in fees and settlements to the U.S. Department of Justice. Family Dollar rejected $9 billion offer from Dollar General on anti-trust approval worries.
- Mukesh Buch
- 21 Aug, 2014
- New York City
Buckle net fell 2%. Dollar Tree net slipped 3% while sales jumped. Family Dollar rejected $9 billion acquisition offer of Dollar General. Hewlett-Packard profit plunged 29% after revenue barely rose 1%. L Brands net climbed 5%. Sears net loss widened.
- Nigel Thomas
- 21 Aug, 2014
- New York City
Costain profit doubled after revenue soared 18% to
- Hiruki Nakamura
- 21 Aug, 2014
- New York City
Stocks in Tokyo closed higher and extended two-week advance and the weaker yen helped corporate earnings. The latest private survey showed manufacturing in Japan increased in August but the growth rate declined in China.
- Mukesh Buch
- 21 Aug, 2014
- New York City
Bhushan Steel declined 52-week low after financial crises and net debt jumped to $5.9 billion. Electrotherm India net loss widened. Maxwell profit rose 3%. Shilpa Medicare net climbed 13%. Signet net jumped 11%.
- Marcus Jacob
- 21 Aug, 2014
- New York City
Australian market indexes extended gains for the sixth session in a row but gains were trimmed in the afternoon after a private survey in China showed a marked decline in growth in manufacturing. Breville plunged 18% after CEO Jack Lord resigned. AMP net declined 3%.
- Mukesh Buch
- 20 Aug, 2014
- New York City
American Eagle net tumbled 70%. Hertz plunged after the rental services provider withdrew its outlook. Lowe
- 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.