- Marcus Jacob
- 29 Apr, 2014
- New York City
Iron ore prices extended decline by 2% in China and dropped 8% in the month and fell 17% in the year so far. Chinese banks also tightened the lending conditions for ore purchase as inventories shot up 25% to 110 million tons. Resource stocks led the market decliners in Sydney trading.
- Mukesh Buch
- 29 Apr, 2014
- New York City
Dabur net jumped 17% on 15% rise in sales. HCL profit increased 11%. Hexaware Tech net declined 32%. Idea Cellular profit soared 26% after revenue rose 6%. Sesa Sterlite net and revenue surged. TVS Motor net swung to profit. Tata Sponge net jumped.
- Mukesh Buch
- 28 Apr, 2014
- New York City
CNA Financial net plunged 95%. Ecolab net and sales climbed. Energy Transfer plans to acquire Susser for $1.8 billion. Forest Lab intends to acquire Furiex Pharma for up to $1.46 billion in cash and stock. Franklin Resources net fell 2%. Loews net tumbled 76%. Roper net climbed.
- Nigel Thomas
- 28 Apr, 2014
- New York City
AstraZeneca surged and rejected revised takeover approach from Pfizer. Bayer net surged 23% to
- Nichole Harper
- 28 Apr, 2014
- New York City
U.S. stocks eased after tensions between Russia and West remained high and violence perked up in the eastern region of Ukraine. Oil futures traded at a seven-week high. Merger talks lifted indexes in Europe after Pfizer offered a revised bid for Astra Zeneca. GE and Siemens to pursue Alstom SA.
- Hiruki Nakamura
- 28 Apr, 2014
- New York City
Stocks in Tokyo closed lower in choppy session and investors focused on domestic corporate earnings. Japan Exchange Group said fiscal year sales soared62% and net nearly tripled. Japan Display estimated lower than expected fiscal year income. Panasonic Corp annual net swung to profit.
- Marcus Jacob
- 28 Apr, 2014
- New York City
Australian indexes reacted to market volatility in the absence of economic news and deal talks lifted Goodman Fielder 15%. The company rejected overtures from Wilmar International. Transurban reached an agreement with the Victoria government for $850 million road upgrade.
- Mukesh Buch
- 28 Apr, 2014
- New York City
Godrej Consumer net plunged 29% but revenue soared. IDFC profit plummeted 51%. Hindustan Unilever net jumped 11% after sales climbed 10%. Siemens net surged 195% and revenue dropped 9%. Symphony profit soared 50% and sales climbed. UPL net jumped 17%.
- Arjun Dave
- 27 Apr, 2014
- New York City
The latest Lok Sabha election debate in India has centered on infrastructure development and corruption in the central government. Arvind Kejriwal, leader of the AAP, has attention of urban voters. AAP is driven by good ideals but his young party lacks organization to translate this to results.
- Arjun Dave
- 26 Apr, 2014
- New York City
Congress Party has governed India for more than fifty years and regained the control of the government for the last ten. India is the largest democracy in the world and also has chronic poverty that is largely rooted in poor policy choices and poorer implmentation.
- Arjun Dave
- 25 Apr, 2014
- New York City
Narendra Modi, the self-made man''s rise from a tea-stall operator to the highest office in Gujarat, has captivate media and business community. Modi offers lot of hope to young voters and businesses who are tired of old political talk and Modi is the first politician to put economic progress first.
- Manish Shah
- 25 Apr, 2014
- New York City
American Electric Power net surged 54%. Amazon net climbed 32% and sales soared 23%. Colgate-Palmolive net plunged 16%. Ford net tumbled 39%. Microsoft net declined 32%. Starbucks net and sales climbed 9%. Visa profit soared 26%.
- Nigel Thomas
- 25 Apr, 2014
- New York City
Deutsche Bank plans to sell its shares of about
- Nichole Harper
- 25 Apr, 2014
- New York City
Stocks on Wall Street opened lower after Amazon, Ford and Visa reported weak quarterly results overshadowing better than expected sales from Microsoft. U.S. consumer sentiment rose to a nine-month high.
- Hiruki Nakamura
- 25 Apr, 2014
- New York City
Honda Motor reported fiscal sales increased 20% and net surged 56%. Komatsu said fiscal year net increased 26% on 3.6% rise in sales. NTT DoCoMo plans to buy back $4.9 billion of its shares and sell its stake in India based venture with Tata.