- Nichole Harper
- 30 Jun, 2014
- New York City
Stocks on Wall Street traded sideways on the last day of the quarter and the benchmark S&P 500 index is set to stretch the longest string of quarterly gains in sixteen years. Crude oil and copper declined. Pending sales of existing homes in the U.S. rose the most in four years.
- Hiruki Nakamura
- 30 Jun, 2014
- New York City
Stocks in Tokyo extended the rebound in the quarter but indexes fell 6.9% in the first-half. Industrial output rose 0.5% in May and the economy is expected to shrink sharply after a surge in first quarter growth rate on the planned sales tax hike in April.
- Marcus Jacob
- 30 Jun, 2014
- New York City
The ASX 200 dropped 1.8% and for the quarter gained 0.5% and for the first-half increased 0.7%. Total loans issued by banks increased 0.4% in May driven by 0.5% increase in loans to households and 0.2% rise in business loans. Woolworths offered its final offer for Country Road.
- Mukesh Buch
- 30 Jun, 2014
- New York City
Cipla acquired 51% stake in generic pharmaceutical business in Yemen. Indian Overseas Bank plans to raise Rs 1,200 crore or $200 million. Inox Leisure chain is in talks to buy Satyam Cineplexes for $36 million. ONGC plans to invest nearly $900 million in an offshore oil field near Mumbai.
- Mukesh Buch
- 27 Jun, 2014
- New York City
AZZ net edged up on 18% increase in revenues. Commercial Metals net soared 25%. Finish Line profit surged 144% on 15% increase of revenue. KB Home net swung to profit after revenue climbed 8%. Nike jumped 5%. Sikorsky won contract worth $1.28 billion.
- Nichole Harper
- 27 Jun, 2014
- New York City
Stocks on Wall Street searched for direction and indexes traded lackluster lacking catalysts. Market indexes in Europe closed higher as Italy struggled with rising debt yield levels. GoPro trades higher on the second trading day. Oil retains an upward bias.
- Nigel Thomas
- 27 Jun, 2014
- New York City
Intel Capital sold its 9% stake in Imagination Technologies. Obtala Resources profit surged to
- Hiruki Nakamura
- 27 Jun, 2014
- New York City
Nikkei Stock Average declined 1.4% on Friday and extended weeklong decline 1.7% after the latest measure of inflation showed an increase of 3.7% in May. Consumer spending declined 8% after the hike in sales tax and rising utility and gasoline prices.
- Marcus Jacob
- 27 Jun, 2014
- New York City
Australian stocks eased on Friday but for the week gained after iron ore prices firmed up in international markets. Reserve Bank of Australia is scheduled to meet and China is set to report its official manufacturing index on Tuesday. WestSide rejected $178 million offer.
- Mukesh Buch
- 27 Jun, 2014
- New York City
GVK Power is exploring options to reduce debt by selling equity stakes in businesses. Sumitomo Mitsui Trust may acquire 10% stake in RCapital valued at $400 million. Transformers & Rectifiers secured an order for Rs 161 crore from GETCO.
- Nichole Harper
- 26 Jun, 2014
- New York City
Stocks on the Wall Street traded lower and a top policy maker at the Federal Reserve estimated interest rates to rise in 2015. Leading brokerage firms are severing ties with dark pool managed by Barclays after fraud allegation by the New York State. Frank Russell agreed to a $2.7 billion deal.
- Mukesh Buch
- 26 Jun, 2014
- New York City
Alcoa agreed to acquire Firth Rixson for $2.85 billion in cash. Bed Bath & Beyond net dropped 8%. ConAgra net swung to a loss. HB Fuller net rose 4%. Lennar reported quarterly net nearly flat at $138 million. McCormick profit jumped 8%.
- Hiruki Nakamura
- 26 Jun, 2014
- New York City
Stocks in Tokyo advanced and investors focused on the probable revival of economic growth in the second quarter in the U.S. Rakuten, the online retailer, jumped 3% on speculation that the company may launch a discount airline with Air Asia.
- Nigel Thomas
- 26 Jun, 2014
- New York City
Barclays was sued by the New York attorney general for falsifying marketing material for dark pool trading. Dixons Retail net loss narrowed to
- Marcus Jacob
- 26 Jun, 2014
- New York City
In a sign of growing employment, Australian job vacancies in the quarter May increased to highest in a year. Australian court delivered two different verdicts in cases involving slot machines and the Victoria State.