- Mukesh Buch
- 05 Jun, 2013
- New York City
Bharti Airtel shareholders approved 5% stake sell to Qatar Foundation for $5 billion. Hindalco plans to raise $900 million. Third Avenue acquired 1.7% stake of Piramal Enterprises. TTK Prestige sold a stake to Mauritius based Cartica.
- Nichole Harper
- 04 Jun, 2013
- New York City
U.S. stocks traded sideways and merger announcement of $4.5 billion hovered market sentiment as traders weighed stimulus withdrawal impact. IBM agreed to acquire SoftLayer for $2 billion and Salesforce.com agreed to buy ExactTarget for $2.5 billion. U.S. trade deficit increased 8.5% in April.
- Devan Biswas
- 04 Jun, 2013
- New York City
IBM Corp agreed to acquire privately held SoftLayer Technologies, Inc that valued the company at $2 billion as the company strengthens its presence in cloud computing for enterprises and small businesses.
- Hiruki Nakamura
- 04 Jun, 2013
- New York City
Stocks in Tokyo closed higher in volatile trading as banks and real estate developers plunge more than 20% in last two weeks. Market indexes in Tokyo are still up 30%, the best among developed markets but investors are increasingly cautious about future direction of Japanese markets.
- Marcus Jacob
- 04 Jun, 2013
- New York City
Australian stocks closed higher and resource developers and banks led the most active list. Reserve Bank of Australia held its rate at 2.75%, a five-decade low and the dollar traded near its low of the year. Australian current account deficit narrowed more than expected in the quarter to March.
- Devan Biswas
- 03 Jun, 2013
- New York City
Apple Inc declined 1% as the company faces electronic book price-fixing charges. Merck, Bristol Myers and Amgen gained after reporting positive results for three separate drugs to treat skin-cancer. Mid-American Apartment and Colonial Properties agreed to merge. Cracker Barrel soared on quarterly results.
- Nichole Harper
- 03 Jun, 2013
- New York City
U.S. stock traded sideways. Construction activities increased 0.4% in April according to a government report and factory activities shrank in May. On merger Monday, Mid-American Apartment Communities and Colonial Properties Trust agreed to a merger that will create a company worth $8.6 billion.
- Hiruki Nakamura
- 03 Jun, 2013
- New York City
Market indexes in Japan declined to a five-week low after investors turned cautious on softening Chinese economy and uncertainty related to the U.S. stimulus. Securities brokerage and real estate developers led the decliners in Tokyo trading. Nikkei 225 index has fallen 15% from its peak on May 22.
- Marcus Jacob
- 03 Jun, 2013
- New York City
Australian indexes closed lower after a sell-off in the afternoon after China released softer than expected economic data. Resource sector stocks closed down 1.7% or more. Australian retail sales gained 0.2% in April and manufacturing growth decline slowed in May.
- Nichole Harper
- 31 May, 2013
- New York City
U.S. consumer spending declined for the first time in almost a year but inflation uptick was measured. Market indexes struggled in the early trading Euro zone jobless rate surged to a new record and protesters surround the European Central Bank.
- Mukesh Buch
- 31 May, 2013
- New York City
Copart third quarter net slid. Guess, the apparel retailer said net plunged 63%. Krispy Kreme climbed on comparable sales increase. Lions Gate net swung to profit as revenue surged 22%. Pall sales and earnings slipped. Genesco net plunged 11%.
- Nigel Thomas
- 31 May, 2013
- New York City
Lloyds Bank sold its U.S. mortgage portfolio to raised
- Hiruki Nakamura
- 31 May, 2013
- New York City
Market indexes in Tokyo closed higher in a volatile week of trading as the indexes search a level to settle. The Nikkei has soared more than 70% in the last one year of trading and has corrected 11% from its peak in May and has struggled to find a direction in the last ten trading days.
- Marcus Jacob
- 31 May, 2013
- New York City
Australian index closed extended losses for the day and declined 1.1% in the week and fell 4.6% in the month. Australian dollar edged slightly higher. Origin Energy CEO in cautious comments said the outlook for Australian coal industry is bleak on the rising U.S. exports.
- Mukesh Buch
- 31 May, 2013
- New York City
BEL profit and sales surged. Berger Paints net edged up. DLF net swung to loss as revenue declined 16%.GMR Infra net swung to profit. MMTC and SAIL net tumbled. Suzlon Energy net loss widened. Torrent Pharma net swung to profit.