- Marcus Jacob
- 19 Jun, 2014
- New York City
Australian market indexes opened higher and closed up 1.6% after iron ore prices recovered to above $90 a ton. Weak interest rate outlook in the U.S. for the next two years also lifted market sentiment. Ten Network dropped on weak revenue outlook.
- Mukesh Buch
- 19 Jun, 2014
- New York City
Crompton Greaves put up a part of its land parcel of Mumbai for sale. EIL signed a contract with Nigeria based company worth $139 million. United Spirits plunged after Diageo
- Nichole Harper
- 18 Jun, 2014
- New York City
Stocks on Wall Street turned higher after Fed trimmed its bond buying program for the fifth meeting in a row and cited improving labor market conditions and business spending. Fed also raised its estimate of rates for the next two years.
- Hiruki Nakamura
- 18 Jun, 2014
- New York City
Stocks in Tokyo close higher and market indexes gained and yen trading was in focus after investors sought the safety in currency on the rising tensions in Iraq. Kobe Steel forecasted a return profitability in the current year. Seven & I plan to expand to Dubai in 2015.
- Mukesh Buch
- 18 Jun, 2014
- New York City
Actuant net swung to profit on 10% increase in sales. Adobe profit soared 16%. Air Products won a five-year contract from NASA. ConAgra CEO sold 50,000 shares on Monday. FedEx net more than doubled. JTH Holding net climbed 14%. La-Z-Boy profit declined 74%.
- Nigel Thomas
- 18 Jun, 2014
- New York City
Berkeley Group profit surged 40% to
- 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.