- Nigel Thomas
- 08 May, 2013
- New York City
Brenntag first quarter profit dropped 12% and Deutsche Telekom profit for the quarter jumped 4% to
- Marcus Jacob
- 08 May, 2013
- New York City
Australian index closed higher after China reported faster growth in imports that exports. Resource stocks led the market recovery. Rio Tinto said it is on track for its iron ore expansion plans.
- Mukesh Buch
- 08 May, 2013
- New York City
Corporation Bank net rose 1.2% and Dewan Housing net doubled. Glenmark net jumped 11% and Housing Development Finance net climbed 17%. Jubilant and KEC Intl reported quarterly loss. Ranbaxy net tumbled 90% and Shriram Transport net climbed 17%.
- Nigel Thomas
- 07 May, 2013
- New York City
European markets traded higher after German factory orders increased more than expected and earnings at Societe Generale, Commerzbank, HSBC and Allianz were ahead of expectations. German factory orders rose 2.2% in March. Portugal successfully sold long term bonds for the first-time in two years.
- Nichole Harper
- 07 May, 2013
- New York City
U.S. market indexes extended world markets gains after German factory orders increased more than expected and indexes in Japan closed at a 5-year high and Australia unexpectedly lowered rates.
- Mukesh Buch
- 07 May, 2013
- New York City
Alleghany first quarter net and Cimarex net declined 15%. Directv net slipped 6% and Fossil first quarter net soared 24%. Perrigo net fell 3% and Rosetta Resources net climbed 140%. Towers Watson jumped 40%.
- Nigel Thomas
- 07 May, 2013
- New York City
Commerzbank said loss in the first quarter swung to
- Hiruki Nakamura
- 07 May, 2013
- New York City
Stocks in Tokyo played a catch up and the Nikkei index soared 3.6% and closed above 14,000 for the first time since June 2008. Japan Steel Works soared 16% after Japanese company was awarded a nuclear plant order in Turkey.
- Marcus Jacob
- 07 May, 2013
- New York City
Reserve Bank of Australia unexpectedly lowered its official interest rate by 25 basis points to 2.75%. Four largest banks said they will pass the full rate cut to investors. Market indexes rebounded from the low of the day but still closed down for the day.
- Mukesh Buch
- 07 May, 2013
- New York City
Allahabad Bank net plunged 68%. Dabur India expanded manufacturing in Sri Lanka and DEN Networks plans to raise nearly $160 million. Emami net climbed 39% and GSK net surged 38%. Maruti said vehicles production in April dropped 7.6%. Sintex net soared 66%.
- Mukesh Buch
- 06 May, 2013
- New York City
Apollo Global Management first quarter net soared 154%. BMC Software agreed to be acquired by investor group for $6.9 billion. Sysco third quarter net tumbled 42.8% and Westlake Chemical net climbed 40%.
- Nichole Harper
- 06 May, 2013
- New York City
U.S. indexes paused near record levels set last week on the back of easy monetary policy from central banks. Crude oil futures held firm despite a unilateral air strike carried out by Israel. BMC Software agreed in a leveraged buyout that valued the company at $6.9 billion.
- Nigel Thomas
- 06 May, 2013
- New York City
Direct Line Insurance profit after tax in the first quarter climbed 19.5% and Linde first quarter profit surged 10% to
- Nigel Thomas
- 06 May, 2013
- New York City
European markets retreated from five-year highs after retail sales fell and a private survey of factory and service sector showed a decline in output. Linde AG jumped to a 2-decade high on better than expected earnings. Statoil faces higher taxes from Norwegian government.
- Marcus Jacob
- 06 May, 2013
- New York City
Australian markets pared gains and the dollar edged lower and trading volume picked up. Retail sales in March declined unexpectedly 0.4%. Leighton Holdings reaffirmed its full-year earnings outlook. Tabcorp faces one-time charges linked healthcare taxes.