- Marcus Jacob
- 12 Jun, 2013
- New York City
Australian markets closed down and consumer confidence index in June increased after falling for two months. Business and personal finance commitment increased 3.2% in April, which is expected to boost economic growth in the second quarter.
- Mukesh Buch
- 12 Jun, 2013
- New York City
Agro Tech management withdrew its proposed buyback offer. Adani Ports allotted 66.7 million shares at an issue price of Rs. 150. LIC lowered its stake in Aurobindo Pharma. Titan plunged 13% after regulatory curb on gold import is expected to hurt margins.
- Nichole Harper
- 11 Jun, 2013
- New York City
U.S. stocks extended losses in Europe and Japan on the rising market anxieties linked to central bank actions. On Wall Street stocks traded sideways on the speculation that Fed may withdraw stimulus earlier than expected. Bank and financial services led the decliners in New York.
- Nigel Thomas
- 11 Jun, 2013
- New York City
Britvic wins merger approval with A.G. Barr. Dialight first-half revenue soared 50%. Ocado Group jumped on market rumors of a tie-up with Marks & Spencer. Prada first quarter revenue and profit climbed 14%. Remy profit for the year soared 18%.
- Hiruki Nakamura
- 11 Jun, 2013
- New York City
Bank of Japan left its policy actions unchanged after a 2-day meeting and bond yields rose and the yen declined. The central bank did not extend the recent bank loans maturity to two years from one year as expected by traders. Softbank lifted its offer for Sprint Nextel by 7.5%.
- Marcus Jacob
- 11 Jun, 2013
- New York City
Australian stocks closed higher but the weakness in resource sector dragged the market sentiment. Mining industry capital expenditure index hit a new low in a decade in April, according to a private survey. Virtus Health soared on first day of trading.
- Mukesh Buch
- 11 Jun, 2013
- New York City
Cinemax approved the proposed merger with PVR. Elder Pharma surged after a stake sale. Regulators initiate an inquiry for coal block corruption against Jindal Steel & Power. ONGC withdrew its statement that it acuired Mozambique gas field from Videocon.
- Mukesh Buch
- 10 Jun, 2013
- New York City
AEP Industries second quarter sales and profit declined. Google agreed to acquire Waze Inc. for $1.1 billion. Heinz completed acquisition offer of $23 billion. McDonald May sales increased. Travelers agreed to acquire The Dominion of Canada for about $1.1 billion in cash.
- Nichole Harper
- 10 Jun, 2013
- New York City
U.S. stocks traded sideways and resource sector stocks declined after China reported weak exports and imports data. U.S. debt rating outlook was revised by S&P.
- Nigel Thomas
- 10 Jun, 2013
- New York City
European markets traded sideways and Italian economic shrinkage was revised to 0.6%. French industrial output increased in April from March but the production was still lower than a year ago month. Resource stocks in Europe declined after China reported weak trade data.
- Nigel Thomas
- 10 Jun, 2013
- New York City
AstraZeneca agreed to acquire Pearl Therapeutics for $1.15 billion. Marks and Spencer plans to invest
- Hiruki Nakamura
- 10 Jun, 2013
- New York City
Stocks in Tokyo rebounded as Bank of Japan starts a 2-day policy meeting and the Cabinet Office revised first quarter economic growth estimate to 4.1%. The yen weakened and the Nikkei soared 4.9%.
- Mukesh Buch
- 10 Jun, 2013
- New York City
Dharamsi Morarji net swung to profit on the rising sales. GMR Infra wrote off nearly $80 million on two of its global assets. HOEC net swung to loss. L&T secured road project worth $1.3 billion.
- Nichole Harper
- 07 Jun, 2013
- New York City
Market indexes in New York traded higher after May unemployment rate rose to 7.6% and U.S. employers added 175,000 net new jobs. The labor market data was one of the better economic reports in the last five weeks. Walmart announced $15 billion share repurchase program.