- Nigel Thomas
- 13 Dec, 2013
- New York City
AerCap received offer from American AIG to sell its aircraft leasing business. Arcam agreed to buy metal powder division of Canada-based Raymor. Grohe sold 87.5% stake to a Japan based Lixil for
- Mukesh Buch
- 13 Dec, 2013
- New York City
M&M raised its vehicles prices as much as 2% from January. Reliance and BP plan to invest between $5 billion and $10 billion for natural gas exploration. Torrent Pharma agreed to acquire drug distribution business from Elder Pharma for Rs 2,000 crore.
- Marcus Jacob
- 15 Dec, 2013
- New York City
Australian indexes gained and the Aussie dollar eased against international currencies. Commercial finance commitments in October declined 3.9%, the statistics office reported. GUD Holdings declined after earnings fell.
- Nichole Harper
- 12 Dec, 2013
- New York City
U.S. indexes traded lower for the third day in a row and November retail sales rose the most in five months. American Airlines ordered regional jets valued at $6 billion in list prices. JP Morgan Chase is nearing a $2 billion settlement charges linked to Madoff Ponzi scheme.
- Mukesh Buch
- 12 Dec, 2013
- New York City
American Airlines agreed to buy 60 aircrafts with a list price of $2.5 billion. Ciena net loss widened despite sales surge of 25%. Lululemon net jumped 15% but offered lower than expected earnings outlook. Men''''s Wearhouse net dropped 6%. Nordson net declined 12%.
- Hiruki Nakamura
- 12 Dec, 2013
- New York City
Stocks in Tokyo and Asia dropped and the yen hovered near its recent low. Overseas investors increased Japanese stocks holdings by 12.9 trillion yen in the current year to November. Nitto Denko plunged 19% after it lowered earnings outlook.
- Nigel Thomas
- 12 Dec, 2013
- New York City
Dufry agreed to acquire 49% stake of Hellenic Duty Free for
- Marcus Jacob
- 12 Dec, 2013
- New York City
Australian market indexes declined for the sixth day in a row and the dollar dropped. Australian jobless rate in November increased to 5.8% and employers added 21,000 net new jobs. Linc Energy secured $48 million investment from Malaysia based casino operator Genting.
- Mukesh Buch
- 12 Dec, 2013
- New York City
Cadila Healthcare settled patent litigation with Warner Chilcott. GMR Infra and Megawide are the highest bidders for an airport terminal in Philippines. Hero and Magneti Marelli engine venture targets to generate revenue of $100 million.
- Nichole Harper
- 11 Dec, 2013
- New York City
U.S. market indexes declined after a narrow budget deal was announced by bipartisan Congressional leaders. The deal sets spending limits and trims deficits but fails to revise debt limit and sets the stage for another showdown in February.
- Mukesh Buch
- 11 Dec, 2013
- New York City
Costco net rose 2% and comparable sales rose 3%. H&R Block said net loss narrowed. Joy Global dropped despite increases in sales and income. Laboratory Corp lowered its outlook. MasterCard approved stock split of 10-for-1 and raised dividend by 83%.
- Hiruki Nakamura
- 11 Dec, 2013
- New York City
Traders in Japan unwound yen short positions and the currency gained for the second day in a row. Wholesale prices rose 2.7% in November, the eighth monthly increase in a row on weaker yen. Core machine orders rose 0.6% in October.
- Nigel Thomas
- 11 Dec, 2013
- New York City
BPost fell as CVC Capital sold its remaining 19.7% stake in Belgium postal service. FirstGroup rejected spin-off pressure for U.S. unit from Sandell. HSBC sold its stake in Bank of Shanghai to Santander. Mediolanum dropped after Fininvest sold its 5.61% stake.
- Marcus Jacob
- 11 Dec, 2013
- New York City
Australian stocks declined for the fifth day in a row and gold miners gained on the back of a rebound in precious metal prices. General Motors plans to exit manufacturing from Australia by 2017 and Toyota is likely to exit from Australian manufacturing as well.
- Mukesh Buch
- 11 Dec, 2013
- New York City
Bharti Infratel and RJio signed agreement to share infrastructure. Crompton is looking to sell or exit from Canadian power transformer plant. Suzlon Energy won orders to deliver 103 wind turbines in Germany.