- Hiruki Nakamura
- 10 Feb, 2014
- New York City
Japan reported record low annual current account surplus in 2013. Deficit in December widened to 638 billion yen and imports rose more than exports in the month on higher demand for energy. The yen traded above 104 against one dollar.
- Marcus Jacob
- 10 Feb, 2014
- New York City
Australian market indexes rebounded and the Aussie dollar advanced. Rio Tinto is expected to announce a new round of write-offs resulting in a quarterly loss of $5 billion. BHP eliminates 230 jobs at a venture with Mitsubishi. Regional Express tumbled 10%.
- Mukesh Buch
- 10 Feb, 2014
- New York City
Dena Bank net declined 67%. Godrej profit tumbled 64% but revenue climbed 18%. Hindustan Construction won orders worth Rs 725 crore in various business segments. RCom net rose 3% and revenue grew 2%. Sun TV net fell 2%. TV18 net soared. United Bank net swing to a loss.
- Nichole Harper
- 07 Feb, 2014
- New York City
Stocks on Wall Street advanced and trimmed weekly and yearly losses after a string of positive earnings reported and construction industry expanded payrolls despite harsh weather conditions in January. Employers added less than expected 113,000 jobs, weak growth for the second month in a row.
- Bikram Pandey
- 07 Feb, 2014
- New York City
Apple Inc bought back $14 billion of its stock in the last two weeks after earnings release that disappointed investors. Expedia Inc saored 14% after adjusted quarterly earnings were ahead of expectations. LinkedIn fell 6% on weaker than expected sales outlook. Gap Inc jumped 6%.
- Nichole Harper
- 07 Feb, 2014
- New York City
Economists were surprised by the smaller than expected increase in January employment data and harsh weather played a key role.
- Mukesh Buch
- 06 Feb, 2014
- New York City
Twitter Inc plunged 21% after the social networking company reported less than expected monthly active user growth of 30%. Pandora Media dropped 9% after the streaming media estimated weaker than expected outlook. Walt Disney reported higher than expected earnings. GM net was less than forecasted.
- Nichole Harper
- 06 Feb, 2014
- New York City
U.S. indexes advanced after investors shifted attention to earnings and weekly jobless claims were lower than expected. European Central Bank left its reference rate at record low of 0.25%.
- Nichole Harper
- 05 Feb, 2014
- New York City
U.S. stocks trended lower after a private survey indicated private sector added less than expected jobs in Jan. Also a service sector index showed growth picked up in January.
- Hiruki Nakamura
- 05 Feb, 2014
- New York City
Stocks in Tokyo rebounded after the largest selloff in eight months after Toyota Motor Corp and Panasonic reported better than expected earnings. Sony is also said to progress towards a deeper than expected corporate restructuring. The yen traded near 101 against the dollar.
- Mukesh Buch
- 05 Feb, 2014
- New York City
Automatic Data Processing net slid 3%. Coca-Cola Enterprises net soared 35%. Estee Lauder profit fell 3%. Merck net plunged 14% after sales dropped 3%. Time Warner net declined 11% but revenue jumped. Ralph Lauren profit climbed 10% after sales soared.
- Marcus Jacob
- 05 Feb, 2014
- New York City
Australian indexes dropped to a 7-week low after investors adjusted to shift in central bank policy. Banks led the decline after a federal court ruling deemed at least of several fees charged by the court illegal. Virgin Australia plunged on loss expectations.
- Nigel Thomas
- 05 Feb, 2014
- New York City
Alfa Laval net dropped 5% but sales jumped 9%. GSK profit surged to
- Mukesh Buch
- 05 Feb, 2014
- New York City
BHEL net tumbled 41% after revenue declined 15%. Cummins India profit plunged 37%. Glaxo net climbed 14% as sales surged 19%. Power Finance net climbed 37%. Ranbaxy said quarterly loss narrowed. Redington net jumped 6%. Tech Mahindra profit surged.
- Nichole Harper
- 04 Feb, 2014
- New York City
Market indexes on Wall Street jumped 1% after three-day of global markets selloff. Earnings announcement lifted market sentiment. Microsoft appointed Satya Nadella as chief executive and John Thompson as chairman replacing co-founder Bill Gates.