- Mukesh Buch
- 26 May, 2014
- New York City
Dhanlaxmi Bank net swung to loss. EIL net tumbled 43%. Lakshmi Machine profit surged 88%. Lanco Infratech net loss widened. Muthoot Finance plunged after net and revenue declined 18%. Moil net soared 36%. TCIL profit climbed 48%. Vardhman Textiles net jumped 34%.
- Hiruki Nakamura
- 26 May, 2014
- New York City
Investors in Japan reacted positively to the U.S. new home sales data released on Friday. The yen traded at a 2-year high and the Topix added 1.2% gained after rising 1.8% in the previous week. Sony enters in two joint ventures in China after the nation 13-year ban on game console sale.
- Marcus Jacob
- 26 May, 2014
- New York City
Australian market indexes closed higher in thin trading and the dollar traded at elevated level against the U.S. dollar. SAI Global terminated its contract with chief executive and the company received a takeover offer of $1.1 billion.
- Nichole Harper
- 22 May, 2014
- New York City
Stocks on Wall Street extended gains and weekly jobless claims rose and existing home sales increase for the first time this year. World markets traded higher and a private survey in China showed a slight improvement in manufacturing. India is set to appoint new prime minister on Monday.
- Hiruki Nakamura
- 22 May, 2014
- New York City
Market indexes in Tokyo shot up and investors looked at international developments. Nikkei soared 2.1% after the U.S. Fed held its low interest rate policy intact and a private survey in China indicated a slight improvement in manufacturing. Modi is set takeover as Prime Minister in India on Monday.
- Marcus Jacob
- 22 May, 2014
- New York City
Australian market indexes closed higher after the latest private manufacturing survey showed a slight uptick in activities. Investors also bid up stocks after Fed estimated low interest rates to continue in the near future. James Hardie soared 6% after annual net income doubled.
- Bikram Pandey
- 21 May, 2014
- New York City
Russia and China agreed on a natural gas after a decade long discussions culminated under a new geopolitical realities. The $400 billion deal over 30 years is expected to diversify Russian energy customer base and offer added energy securitiy to China.
- Nichole Harper
- 21 May, 2014
- New York City
U.S. market indexes traded higher after Fed policy makers debated options and impacts of higher interest rates regime. The policy makers at the central bank see no inflation risk in the near term despite the pickup in economic activities.
- Hiruki Nakamura
- 21 May, 2014
- New York City
Bank of Japan left its ultra-accommodative monetary policy intact and offered a positive assessment of the economy after a two-day meeting. Japan
- Marcus Jacob
- 21 May, 2014
- New York City
Australian market indexes struggled and declined at close on the persistent weakness in iron ore prices. The wage price index in the March quarter increased 0.7%, the slowest pace in 16 years. Woodside Petroleum Limited walked away from its joint venture in Israel.
- Mukesh Buch
- 21 May, 2014
- New York City
Essar Oil soared after net climbed four-fold. MRPL surged after net swung to profit. Manjushree Technopack net jumped 73%. NIIT net surged four-fold. Readymade Steel secured a piling contract worth Rs 150 crore in Singapore. VIP profit soared 217%
- Nichole Harper
- 20 May, 2014
- New York City
Credit Suisse Group AG agreed to a criminal wrongdoing as a part of a deal with the U.S. Justice Department for helping U.S. citizens to hide their wealth and income in offshore trusts.
- Nichole Harper
- 20 May, 2014
- New York City
U.S. stocks trended lower and small cap led the decliners and extended five-week losses to near 9%. Credit Suisse agreed to a guilty plea and pay $2.6 billion fines to U.S. regulators. European markets declined on mixed earnings news.
- Mukesh Buch
- 20 May, 2014
- New York City
Cato net fell 3% but sales jumped. Dicks Sporting net jumped 5%. Donaldson net slid 4%. Home Depot profit climbed 13%. Medtronic net tumbled 54%. Staples net plummeted 43%. TJX net edged up 0.3%.
- Nigel Thomas
- 20 May, 2014
- New York City
Greencore surged after sales jumped 8% to