- Nigel Thomas
- 08 Jul, 2013
- New York City
Bovis Homes lifted first-half guidance. Hikma Pharmaceuticals estimated revenue for the year to grow nearly 17%. TGS-NOPEC lowered its revenue guidance for the fiscal year.
- Hiruki Nakamura
- 08 Jul, 2013
- New York City
Nikkei in Tokyo edged lower after a surge at the end of last week and the yen dropped to a 5-week low against the dollar. Weak Chinese market sentiment weighed on machinery makers. SoftBank declined 3% after its long-term debt rating was lowered to junk status. Olympus plans to raise $1.16 billion.
- Marcus Jacob
- 08 Jul, 2013
- New York City
Australian indexes declined 0.7% after rallying for two days on the weakness in precious metal prices and weak market sentiment in Asia. Virgin Australia completed the 60% stake purchase in Tigerair. Rio Tinto received an approval to ship copper from Mongolian venture.
- Mukesh Buch
- 08 Jul, 2013
- New York City
Airtel used the 5% stake proceeds of $1.1 billion to repay debt. Jyoti Structures secured export orders worth $200 million. Maruti Suzuki June production declined 25%. RCom plans to spin-off its real estate assets.
- Nichole Harper
- 05 Jul, 2013
- New York City
Stocks on Wall Street surged at the opening after June employment increased better-than-expected 195,000 and jobless rate held at 7.6%. European markets erased yesterday
- Nigel Thomas
- 05 Jul, 2013
- New York City
Afren agreed to acquire additional stake of 23.3% in First Hydrocarbon Nigeria for $105.4 million. Endomines lowered annual gold production target range. Siemens pulled out the bidding for Britain''s multi-billion pound Crossrail project.
- Hiruki Nakamura
- 05 Jul, 2013
- New York City
Market indexes in Tokyo soared the most in three weeks after the yen stayed low and central banks in Europe and England offered to keep interest rate low. Seven & I rose after the convenience chain operator reported 15% increase in net profit and FamilyMart reported 5.9% increase in operating profit.
- Marcus Jacob
- 05 Jul, 2013
- New York City
Australian stocks advanced for the second day in a row after a week of turbulent trading. Fortescue Metals stepped up its campaign against Brockman Mining
- Mukesh Buch
- 05 Jul, 2013
- New York City
Adani Group withdrew from Indonesian railway project worth $1.65 billion. Unilever launched its offer to increase its stake in HUL to 67.3% valued
- Nigel Thomas
- 04 Jul, 2013
- New York City
Oerlikon sold its natural fibers businesses to Jinsheng of China for 470 million Swiss francs. Redrow said group revenue for the year climbed 26% to
- Hiruki Nakamura
- 04 Jul, 2013
- New York City
Market indexes in Tokyo trading declined for the first time in six days and the yen closed below 100 against a dollar. Regional economic survey form the Bank of Japan showed improving economic activities in eight of the nine regions. Foreign investors increased net exposure to Japanese stocks.
- Marcus Jacob
- 04 Jul, 2013
- New York City
Australian indexes reversed earlier losses and closed up 1%. Building approvals in May decreased more than expected 1.1%. New vehicles sales in June increased seasonally adjusted 5.8% to 118,758 units.
- Mukesh Buch
- 04 Jul, 2013
- New York City
Switzerland based Holcim plans to merge its ACC and Ambuja Cements. Airtel agreed to buy stake in Qualcomm''s 4G broadband project.The central government sold its 4% stake in HCL. Sobha Developers first quarter sales climbed 10%.
- Nichole Harper
- 03 Jul, 2013
- New York City
U.S. indexes reversed early losses and traded higher and weekly jobless claims declined for the second month in a row. Crude oil futures and gold gained after political crisis in Egypt deepened. European markets dropped more than 1% on the rising uncertainties in Portugal.
- Mukesh Buch
- 03 Jul, 2013
- New York City
Weiss family increased takeover price for American Greetings to $19 a share. Exco Resources agree to acquire oil and gas assets of $1 billion from Chesapeake Energy. Rite Aid and Walgreen June sales climbed.