- Nigel Thomas
- 09 Sep, 2013
- New York City
BG Group declined after energy explorer lowered 2014 production estimates. Christian Dior may buy back as much as 550,000 shares. Epistem plunged 17% on weak fiscal outlook. Glaxo sells its two brands to Japan based Suntory Beverage for
- Marcus Jacob
- 09 Sep, 2013
- New York City
Australian stocks participated in a regional rally a day after the nation elected new party and a new leader to govern the nation. Australian dollar was firm and business leaders voiced optimism about the scraping of carbon tax. Total home loans issued increased 2% in July.
- Nichole Harper
- 06 Sep, 2013
- New York City
U.S. indexes advanced after choppy trading. U.S. employers added 169,000 net new jobs in August but June and July monthly increase were revised lower. Unemployment rate fell to 7.3%. World leaders are skeptical about the U.S. allegations and military strike preparations.
- Mukesh Buch
- 06 Sep, 2013
- New York City
Finisar net surged as revenue jumped 21%. Hurco sales dropped 10% and profit tumbled 78%. Mattress Firm profit jumped 5% and Piedmont Natural Gas net loss narrowed 50%. Smithfield Foods net plunged 36% but sales climbed 10%. VeriFone net swung to a loss.
- Hiruki Nakamura
- 06 Sep, 2013
- New York City
Stocks in Tokyo gained and the Nikkei index declined 1.5% and gained 3.5% in the week. Construction companies and real estate developers led the decliners after surging as much as 45% in the year on the jitters that Tokyo may not be selected to host 2020 Olympic Games.
- Nigel Thomas
- 06 Sep, 2013
- New York City
Air France said August traffic climbed 4.9%. Gable Holding profit in first-half jumped 10% as revenue surged 77%. Telegraaf Media sold entire stake of ProSiebenSat 1 Media for
- Marcus Jacob
- 06 Sep, 2013
- New York City
Australian stocks closed higher ahead of national election scheduled on Saturday. Governing Labor Party is lagging in opinion polls and nearly 15 million people are eligible to vote. Australia is facing a waning mining boom and rising government deficit.
- Mukesh Buch
- 06 Sep, 2013
- New York City
Elder Pharma slid after Sanofi India may buy its formulation business. M&M Financial and a Korea based Woori Financial Group signed a joint venture agreement. Sesa Goa 2.09 billion shares ready to trade after ends of lock-in period and mergers.
- Nigel Thomas
- 05 Sep, 2013
- New York City
Airbus secured order for 40 aircrafts from Delta Air Lines. Dixons Retail closed its online store Pixmania and also agreed to sell-off its Turkish operations. SKF agreed to buy U.S-based Kaydon for $1.25 billion in cash.
- Mukesh Buch
- 05 Sep, 2013
- New York City
Alliant Techsystems agreed to acquire Bushnell Group for $985 million in cash. Conn
- Nigel Thomas
- 05 Sep, 2013
- New York City
The European Central Bank lifted its outlook for GDP in the current year to a shrinkage of 0.4% from the earlier estimate of 0.6% in June.
- Nichole Harper
- 05 Sep, 2013
- New York City
U.S. market index traded higher and weekly jobless claims declined 9,000 to 323,000. Service industry index tracked by a private company showed an expansion in the U.S. Auto sales in August were the best in five years as consumers show willingness to replace ageing vehicles.
- Hiruki Nakamura
- 05 Sep, 2013
- New York City
After a day of volatile trading stocks in Tokyo closed lower and the yen weakened for the third day in a row. Shipping companies traded higher after freight rate index soared 4%. Japanese auto makers reported strong auto sales in August in the U.S.
- Marcus Jacob
- 05 Sep, 2013
- New York City
Australian market indexes recovered from the mid-day lows and trimmed loss to 0.4%. Weak commodities prices dragged resource stocks lower. Air New Zealand won regulatory approval to increase its stake in Virgin Australia to become the largest shareholder.
- Mukesh Buch
- 05 Sep, 2013
- New York City
KKR led consortium is poised to invest as much as Rs 600 crore in Apollo Hospitals. Coal India signed supply contract with sixteen power projects. HCL secured contract from U.S.-based Direct Energy. ONGC endure to raise debt of $2.64 billion deal with Anadarko.