- Hiruki Nakamura
- 24 Jun, 2013
- New York City
The Nikkei in Tokyo turned lower in afternoon trading after stocks in Shanghai plunged more than 5% as cash shortage among banks persisted. Japanese ruling coalition won in local election in Tokyo lifting hopes for its majority in the upper house election in a month.
- Marcus Jacob
- 24 Jun, 2013
- New York City
Australian stocks closed lower after iron ore prices declined and the dollar dropped to the new low in the year. Leighton Holdings won an extension of contract from Fortescue Metals by $1.3 billion to $2.8 billion. Rio Tinto decided to keep its diamond business.
- Mukesh Buch
- 21 Jun, 2013
- New York City
Archer-Daniels confirmed that it is in talks to sell its cocoa business. CarMax first quarter sales and net climbed. Michael Dell defended leveraged buyout of the computer company he founded. Darden Restaurants sales surged 59% but profit plunged 67%. Oracle net climbed 10% to $3.9 billion.
- Nichole Harper
- 21 Jun, 2013
- New York City
U.S. market indexes are set to decline for the third day in a row after the Fed laid out its stimulus exit plan that has been in place for more than four years. The Fed
- Nigel Thomas
- 21 Jun, 2013
- New York City
BC Partners agreed to buy Springer Science & Business Media for
- Hiruki Nakamura
- 21 Jun, 2013
- New York City
Stocks in Japan turned corner as traders and analysts forecasted the end of market correction. The Nikkei index has held the ground near 13,000 after four weeks of selling and surged 4.3% this week. The yen resumed its slide.
- Marcus Jacob
- 21 Jun, 2013
- New York City
Australian market indexes extended losses in the week to 1% and the dollar dropped to the low of the year. Resource sector stocks led the decliners. BHP said it sold 15% stake in its iron ore mines in Western Australia to two Japanese conglomerates.
- Mukesh Buch
- 21 Jun, 2013
- New York City
Bharti Airtel market share held at 28.4% in May. Cipla received approval to acquire its South African unit for $512 million. Essar Steel raised $1 billion to repay the debt. Hindustan Lever launched its open offer to increase stake to 75%. Reliance Capital suspends gold sale.
- Nichole Harper
- 20 Jun, 2013
- New York City
U.S. stocks extended losses for the second after Fed Chairman Ben Bernanke comments that laid out the timetable for the stimulus taper. European markets led the world market decline with a loss of more than 3%. Gold plunged 5% and oil fell 3%. The yield on 10-year U.S. bond increased to 2.42%.
- Hiruki Nakamura
- 20 Jun, 2013
- New York City
Stocks in Tokyo declined following an Asia-wide sell-off after comments from Fed Chairman Bernanke stoked the fears of early stimulus withdrawal in the U.S. The yen eased 1% against the dollar and 10-year Japanese bond yield increased 3 basis points to 0.85%.
- Mukesh Buch
- 20 Jun, 2013
- New York City
Clarcor second quarter net increased. IHS and Jabil Circuit revenue jumped but net declined. Micron Tech net swung to profit. Kroger net rose 9.6% to $481 million. Pier 1 net climbed and lifted earnings guidance. Rite Aid net surged and Steelcase profit climbed.
- Nigel Thomas
- 20 Jun, 2013
- New York City
Ashtead revenue soared and profit for the year climbed 45% to
- Marcus Jacob
- 20 Jun, 2013
- New York City
Australian market indexes plunged sharply following a weakness resource prices and a decline in Asian markets. Also, a private survey of Chinese manufacturing industry showed outlook for the industry was the worst in nine months.
- Mukesh Buch
- 20 Jun, 2013
- New York City
Airtel plans to invest $125 million in Gabon of Africa. TFCI board approved proposal to seek licence to set up a bank. Tata Steel signed five-year contract worth
- Mukesh Buch
- 19 Jun, 2013
- New York City
Actuant quarterly sales were flat and net swung to a loss. Adobe revenue and net jumped 66%. DISH Network said it would not submit a new takeover bid for Sprint. FedEx net plunged 45%. Tetra Tech dropped after it revised its third quarter outlook.