- Hiruki Nakamura
- 01 Jul, 2013
- New York City
Stocks in Japan advanced for the third day in a row after a survey of large corporation showed improving sentiment and expectations of weaker yen in the current fiscal year. Weak yen sentiment has been a key driver in attracting foreign investor to Japanese stock market.
- Marcus Jacob
- 01 Jul, 2013
- New York City
Australian indexes dropped 2% in light volume and the dollar eased near the low for the year after manufacturing data in China showed slowing growth rate. Australian home prices rose 3.8% in the fiscal year ending in June reversing 3.6% decline in the previous year.
- Mukesh Buch
- 01 Jul, 2013
- New York City
GMR Infra won an order build 200 mw power plant in Malta. L&T won new orders worth $500 million in June. Mahindra & Mahindra June sales declined 7.8%. RCom fully repaid two Syndicated loans worth $1 billion.
- Nichole Harper
- 28 Jun, 2013
- New York City
U.S. stocks wavered and consumer confidence index declined from a six-year high last month. Trading volume is expected to be high today as several funds adjust holdings to reflect changes in indexes. BlackBerry plunged 25% after it missed earnings and revenues targets.
- Hiruki Nakamura
- 28 Jun, 2013
- New York City
Core consumer prices reported by the government stopped falling in Japan in May and labor market demand increased to a five-year high. However, price increase is significantly below the Bank of Japan
- Mukesh Buch
- 28 Jun, 2013
- New York City
AZZ said net declined 9% and revenues rose 44%. Finish Line first quarter net plunged. Nike fourth quarter net jumped. Winnebago third quarter net surged 94%. BlackBerry net swung to $84 million loss.
- Marcus Jacob
- 28 Jun, 2013
- New York City
Market indexes in Australia closed lower after a two-day rally on the last day of financial year. Cautious investors sold mining and insurance stocks. For the week, the ASX index gained 1.4% but fell 3.4% in the month.
- Mukesh Buch
- 28 Jun, 2013
- New York City
Asian Paints set record date to split stock 10-to-1. Dewan Housing is in talks to acquire a majority stake in DLF Pramerica Life Insurance. McNally Bharat secured housing construction order worth $40 million. YES Bank after it won a government approval to raise $450 million.
- Nigel Thomas
- 28 Jun, 2013
- New York City
Accenture revenue rose 1% and net climbed 11.3% to $810.3 million but lowered outlook. Hochtief increased its stake in Australia based Leighton Holdings. SGL Carbon expects group EBITDA in the second quarter to be slightly below.
- Nichole Harper
- 27 Jun, 2013
- New York City
U.S. indexes rallied for the third day in a row and leading indexes gained as much as 1%. Weekly jobless claims declined and personal spending rose, lifting market sentiment. Average mortgage rate rose to a 2-year high to 4.46%.
- Mukesh Buch
- 27 Jun, 2013
- New York City
Bed Bath & Beyond sales climbed 18% but net slid 2%. ConAgra net swung to profit as sales jumped 34% to $4.6 billion. H.B. Fuller net surged to $25.9 million. Paychex net and diluted earnings in the quarter were flat. UniFirst revenue declined but net rose.
- Nigel Thomas
- 27 Jun, 2013
- New York City
Betfair said sales for the year were flat and net swung to
- Hiruki Nakamura
- 27 Jun, 2013
- New York City
Market indexes in Tokyo soared nearly 3% after Chinese credit market crunch eased. The yen rebounded above 98 against one dollar. Japanese institutional investors cut exposure to stocks record low in portfolio allocation in March. Real estate companies soared more than 8%.
- Marcus Jacob
- 27 Jun, 2013
- New York City
Australian stocks rebounded for the second day in a row and resource sector stocks gained. Australian job vacancies declined 7.3% in three months to May. News Corp settled shareholder lawsuit linked to phone hacking scandal in U.K. for $139 million.
- Mukesh Buch
- 27 Jun, 2013
- New York City
Hanung Toys sales jumped 14% but net swung to loss. Indraprastha Gas plans to buy 50% stake in Kanpur based Central UP Gas. Kalpataru Power secured new orders worth $200 million.