- Marcus Jacob
- 20 Feb, 2014
- New York City
Australian market indexes trimmed the gains after a private survey in China suggested slowing manufacturing industry growth and moderate business conditions. Australian dollar eased. Fairfax Media soared 23% on earnings. Amalgamated Holdings Net fell 2%.
- Mukesh Buch
- 20 Feb, 2014
- New York City
Esab India net declined 33% and sales dropped 11%. Mahindra & Mahindra lowered vehicle prices. Nagarjuna Agrichem net loss widened but sales jumped 22%. Thomas Cook profit plunged 27%.
- Nigel Thomas
- 20 Feb, 2014
- New York City
Facebbok agreed to acquire fast growing Internet based messaging service WhatsApp for $19 billion. The expensive purchase works out to be $40 per active user. The acquisition is the largest by Facebook so far and follows the Instagram purchase for $1 billion.
- Mukesh Buch
- 19 Feb, 2014
- New York City
Devon Energy net swung to a profit and sell Canada assets for $2.8 billion. Eaton Vance net soared 22%. Lithia Motors profit and sales soared as same store sales in the quarter climbed 11%. Omnicare net swung to a loss. Signet agreed to acquire Zale for $21 a share in cash.
- Nichole Harper
- 19 Feb, 2014
- New York City
Emerging markets were in focus after protests turned violent in Ukraine, Thailand, Venezuela and Egypt. The U.S. housing starts dropped to annual rate of 888,000 in January and the permits demand declined for the third month in a row. Producer prices rose 0.2%.
- Hiruki Nakamura
- 19 Feb, 2014
- New York City
Nikkei index in Tokyo extended gains for the second time this week and the yen gained against the dollar and the euro. Toyota said union demand for annual wage increase is surprisingly high. Hokkaido increased power rates for the first time in three decades.
- Nigel Thomas
- 19 Feb, 2014
- New York City
Galliford Try profit and sales soared 18%. Lafarge net climbed 156.6% to
- Marcus Jacob
- 19 Feb, 2014
- New York City
Market indexes in Sydney opened higher on the back of a rally in resource sector but trimmed gains in the late afternoon. Wesfarmers reported first-half profit increased 11%. Woodside Petroleum full-year net declined 41%.
- Mukesh Buch
- 19 Feb, 2014
- New York City
Ashok Leyland plans to divest non-core assets to reduce debt burden. Financial Tech gained after Tech Mahindra may take a stake in the company. HMT surged after government approved restructuring plan. Paper Products net surged 66%.
- Nichole Harper
- 18 Feb, 2014
- New York City
U.S. market indexes struggled and a $25 billion deal between Forest Lab and Actavis dominated market sentiment. Coca-Cola declined after revenues and earnings declined. Home builders fell. Kansas City Southern dropped 6% after a legislation in Mexico proposed opening railroad transportation market.
- Mukesh Buch
- 18 Feb, 2014
- New York City
Coca-Cola net fell 8% and revenue dropped 4%. Duke Energy net surged 51% and revenue climbed 25%. Forest Laboratories agreed to be acquired by Actavis for cash and equity. Genuine Parts net dropped 6%. Medtronic net plunged 23%. Waste Management net swung to a loss.
- Nigel Thomas
- 18 Feb, 2014
- New York City
Casino Guichard net declined 19% to
- Hiruki Nakamura
- 18 Feb, 2014
- New York City
Bank of Japan in a surprise move improved on the margin its two small private sector lending program to increase growth in loans. The move surprised investors and the Nikkei surged 3%.
- Marcus Jacob
- 18 Feb, 2014
- New York City
Reserve Bank of Australia indicated in the latest statement that interest rate may remain stable in the near term and the Aussie dollar traded above 90 U.S. cents. BHP Billiton first-half revenues increased 5.6% and net surged 83% on cost cutting and shelving capital spending.
- Mukesh Buch
- 18 Feb, 2014
- New York City
ABB India net and revenue climbed. Bharti Airtel agreed to acquire Loop Mobile for Rs 300 crore. Castrol India profit and sales jumped 7%. GSK Pharma profit declined 16%. Gujarat Pipavav net surged 114% and revenue soared 22%.