- Hiruki Nakamura
- 15 Oct, 2013
- New York City
Stocks in Tokyo rebounded after a 3-day holiday weekend and the yen weakened. Japanese companies are expected to report better than earnings on weaker yen. More than 24 companies are scheduled to release earnings this week.
- Marcus Jacob
- 15 Oct, 2013
- New York City
Australian and Asian markets traded higher and commodities prices gained. Business finance commitment rose 7% in August but personal lending dropped 2.6% in Australia. Australian dollar inched higher.
- Mukesh Buch
- 15 Oct, 2013
- New York City
Bajaj Corp profit dropped and sales climbed. Fortis Health sold its 6% stake Hong Kong subsidiary to Bupa for $355 million. HDFC Bank and IndusInd Bank profit soared. RIL profit rose 1.5% on weak refining margin and 15% increase in sales. TCS profit jumped.
- Mukesh Buch
- 14 Oct, 2013
- New York City
ADT Corp offered senior unsecured notes of $1 billion. Expedia dropped after a downgrade. Fair Isaac lowered revenue and earnings outlook. Netflix jumped on talks to distribute content through cable operators. St. Jude acquired Nanostim for $123.5 million.
- Nichole Harper
- 14 Oct, 2013
- New York City
U.S. market indexes traded lower as the debt default date approaches and rating agencies remain quiet. The dollar eased and credit default swaps on U.S. Treasuries rose to 39 basis points. European markets trade lower in cautious trading.
- Nigel Thomas
- 14 Oct, 2013
- New York City
Dassault Systemes revenue jumped 4% to
- Hiruki Nakamura
- 14 Oct, 2013
- New York City
Trade surplus in September month declined as exports rose less than expected and imports surged on higher commodities prices and volumes. In addition, China said inflation picked up in September.
- Marcus Jacob
- 14 Oct, 2013
- New York City
Australian stocks declined as world investors turned their focus to the U.S. political stalemate. In addition, China reported weaker than expected exports data and inflation picked up in September. Australian home loan approvals also fell.
- Nichole Harper
- 11 Oct, 2013
- New York City
Market indexes extended rally for the second day in a row in New York on the debt deal and government funding hopes. White House rejected the latest short term debt ceiling revision proposal and the federal government is closed for the eleventh day.
- Mukesh Buch
- 11 Oct, 2013
- New York City
Infosys profit declined 11% but revenue climbed 15%. JPMorgan net swung to a loss on legal charges as revenue dropped 8%. Micron Tech swung to a profit $1.71 billion. SolarCity surged after fiscal outlook. Wells Fargo net surged 13% and revenue dropped 3%.
- Nigel Thomas
- 11 Oct, 2013
- New York City
Gem Diamonds sold rare 12.47 carat blue diamond and 82 carat white diamond for a total of $7.5 million. Lloyds Bank sold its Australian operations to Westpac Banking of nearly
- Hiruki Nakamura
- 11 Oct, 2013
- New York City
Stocks in Tokyo and in Asian markets closed higher following a rise in New York trading. The yen weakened. The Nikkei gained the most in three months. Fast Retailing dropped 3% after it estimated lower than expected fiscal year net income.
- Marcus Jacob
- 11 Oct, 2013
- New York City
Market indexes in Australia gained following a surge in stocks in New York. Resource and bank stocks led the advance. For the week, the ASX index gained 0.3%. Dexus Property Group proposes $2.3 billion buyout for the remaining stake in Commonwealth Property Fund.
- Nichole Harper
- 10 Oct, 2013
- New York City
U.S. market indexes soared as hopeful investors pinned hopes on a speedy resolution to the government stalemate. Republican leaders and President Obama met this afternoon to discuss a proposal to increase short term debt limit but keep the government closed.
- Mukesh Buch
- 10 Oct, 2013
- New York City
Fastenal net jumped 9% as sales climbed. iGATE net rose 13%. Lindsay net earnings surged 18% after revenue soared 16%. Marriott net tumbled 23% and Ruby Tuesday net declined 12%.VOXX Intl profit surged 32%.