- Marcus Jacob
- 03 Sep, 2013
- New York City
Australian stocks closed higher and the Reserve Bank of Australia left its benchmark rate at 2.5%. Retail spending increased 0.1% in July and current account deficit in June quarter widened to $9.35 billion.
- Hiruki Nakamura
- 03 Sep, 2013
- New York City
Stocks in Tokyo gained on the latest improving economic data from China and Europe. Utility stocks advanced after Prime Minister offered financial assurance to contain Fukushima disaster and a panel said fault line below Osaka nuclear power plant is not active.
- Nigel Thomas
- 03 Sep, 2013
- New York City
Dufry secured long-term contracts with airports in Brazil. Enel plans to revive hybrid bond sale to raise
- Mukesh Buch
- 03 Sep, 2013
- New York City
Diamond Power secured orders worth $30.5 million. Essar Oil and ONGC are short-listed for $4.4 billion oil field license in Iraq. SAIL said August sales climbed 16%. Steel Strips August sales soared 16%.
- Marcus Jacob
- 02 Sep, 2013
- New York City
Australian indexes gained 1% and building approvals jumped nearly 11% in July. However, manufacturing activity in August dropped for the 26th month in a row. Rio Tinto shipped iron ore form the newly expanded port.
- Nigel Thomas
- 02 Sep, 2013
- New York City
Peugeot said new cars registrations in France plunged 17% in August. Rio Tinto climbed after its Australia infrastructure expansion. Vodafone is expected to finalize today to 45% stake sell in Verizon Wireless.
- Hiruki Nakamura
- 02 Sep, 2013
- New York City
Stocks in Tokyo gained and the yen edged lower on the first day of trading in September. Better than expected reading on manufacturing in China also lifted capital goods companies in Tokyo. Consumer lending companies gained on the expectations of higher borrowings.
- Mukesh Buch
- 02 Sep, 2013
- New York City
Atul Auto August sales soared 38% but Ashok Leyland and Bajaj auto sales declined. Hero MotoCorp sales grew 4% but sales at Maruti surged 61%. M&M sales dropped 17% and Tata Motors sales declined 31%. TVS sales edged up.
- Nichole Harper
- 30 Aug, 2013
- New York City
U.S. stocks traded lower and market indexes extended losses in the week to nearly 2%. Worries of imminent Syria strike receded after the UK parliament rejected a motion for a military action. World markets declined in the week and many markets registered worst month fall in fifteen months.
- Mukesh Buch
- 30 Aug, 2013
- New York City
Apache jumped after China based Sinopec acquire 33% stake in Egyptian unit for $3.1 billion. Big Lots net plunged 18% and Bebe Stores net swung to a loss. Splunk revenue soared but loss in the quarter widened. OmniVision net surged. Salesforce net swung to profit.
- Nigel Thomas
- 30 Aug, 2013
- New York City
Bwin.party plunged 13% after first-half net loss narrowed and company guided weak revenues outlook. Hermes Intl net surged 14% to
- Hiruki Nakamura
- 30 Aug, 2013
- New York City
Stocks in Japan closed down for the week and for the month and the Nikkei index declined 2% in August. Unemployment rate declined to 3.8% in June inflation in July rose to 0.7%. Investors took a cautious outlook for Japanese stocks after a sharp surge in the year and steady decline since May 23.
- Marcus Jacob
- 30 Aug, 2013
- New York City
Australian indexes gained on local earnings and growth optimism and in August registered an increase of 1.6%. Harvey Norman and Retail Food Group gained on improved annual outlook. Virgin Australia swung to a loss.
- Mukesh Buch
- 30 Aug, 2013
- New York City
Jindal Steel & Power tumbled after board approved a stock buyback plan. L&T secured new orders worth Rs 807 crore. LIC increased stake in State Bank of Inida. MphasiS net jumped 9%. REC plans to raise $544 million. Rolta India net swung to a loss.
- Mukesh Buch
- 29 Aug, 2013
- New York City
Campbell Soup net swung to a loss on lower than expected sales increase. Fresh Market net climbed 17%. Genesco net jumped 14% and Guess net gained 7%. K12 profit soared 28% as revenue surged 19%. Pall Corp sales and net edged up.