- Hiruki Nakamura
- 15 Jan, 2014
- New York City
Stocks in Tokyo rebounded after the yen reversed its three-day advance. Market indexes jumped at least 2% after Topix dropped the most since August. Bearings makers and Hitachi Ltd jumped on earnings expectations.
- Mukesh Buch
- 15 Jan, 2014
- New York City
AEP net plunged 54%. Bank of America net surged to $3.44 billion as mortgage losses ease. Fastenal net rose 0.5% and net sales climbed 8%. GM plans to open four plants in China through 2015. Linear Technology net surged 18%.
- Nigel Thomas
- 15 Jan, 2014
- New York City
Burberry said retail revenue surged 14% to
- Marcus Jacob
- 15 Jan, 2014
- New York City
Australian stocks rebounded but trading volume was weak. Loan approvals in November increased 5.5% in Australia and care sales advanced 1.7% in December. Fortescue Metals said it plans to repay its $1.6 billion short term debt ahead of schedule before March.
- Mukesh Buch
- 15 Jan, 2014
- New York City
Bajaj Finance net surged 21% and revenue soared 31%. Bajaj Finserv net climbed 13%. Coal India declared special yearly dividend. McNally secured order for structural work. RIL plans to acquire stake of 11% in Petronas. Yes Bank net surged 21%.
- Nichole Harper
- 14 Jan, 2014
- New York City
Stocks on Wall Street advanced after December retail sales were ahead of expectations and import price index was flat. JPMorgan earnings declined 7% on 2% fall in revenues. Wells Fargo reported 10% increase in earnings.
- Hiruki Nakamura
- 14 Jan, 2014
- New York City
Nikkei index in Tokyo plunged 3.1% and the yen continued its slide after a 3-day market closure. Seasonally adjusted current account balance turned negative for the third month in a row in November. Investors extended purchase of dollar bonds for the fifth month in a row.
- Mukesh Buch
- 14 Jan, 2014
- New York City
Commerce Bancshares fell 1%. JPMorgan net dropped 7% and revenue slid 2%. GameStop said global sales climbed 9%. Shaw Communications net rose 4%. Time Warner rejected $62.35 billion from Charter Communications. Wells Fargo net climbed 10%.
- Marcus Jacob
- 14 Jan, 2014
- New York City
Australian market indexes came under pressure after investors worried about stretched valuations and rising uncertainties linked to commodities exports. Merger activities in Australia jumped 67% in 2013.
- Nigel Thomas
- 14 Jan, 2014
- New York City
Ashmore tumbled 13% after assets under management declined to $75.3 billion. ASOS plunged 7% despite sales increased 38% to
- Mukesh Buch
- 14 Jan, 2014
- New York City
CMC plunged as net jumped 5% but revenue was flat. Jay Bharat Maruti net surged 64%. NIIT Technologies net dropped 5% and revenue climbed 14%. VA Tech Wabag won Rs 250 crore order from Bangalore.
- Mukesh Buch
- 13 Jan, 2014
- New York City
Alnylam surged 65% after Sanofi offered to take 12% stake. Beam agreed to be acquired by Japan-based Suntory for $16 billion. Lululemon shares tumbled 16% on weaker than expected fourth-quarter outlook. Wendy''s lifted same store sales outlook.
- Nigel Thomas
- 13 Jan, 2014
- New York City
Alcatel Lucent plans to sell-off its enterprise business. Amec agreed to buy Foster Wheeler AG for $3.2 billion. Continental expects sales to grow 5%. Suedzucker net declined 6% to
- Mukesh Buch
- 13 Jan, 2014
- New York City
Dishman Pharma plans to sell its China plant. Exide net declined 26% and revenue plunged 11%.GMR Infra expects revenue to grow modestly. GVK Power plans to sell stake in its airport business. NMDC said third-quarter production and sales rose. Tata Steel sales jumped 9%.
- Marcus Jacob
- 13 Jan, 2014
- New York City
Australian market indexes dropped in weak trading volume and miners closed lower. Home loan approvals in November increased 1.1% to 52,912. Telstra sold its Sensis directories business at a significantly lower than expected price. Saputo extended its offer one more time.