- Marcus Jacob
- 17 Apr, 2013
- New York City
Australian markets traded higher tracking higher metal prices. BHP Billiton reaffirmed its annual production outlook but missed quarterly expectations for its iron ore and crude oil production. Harvey Norman said sales increased 0.6%.
- Mukesh Buch
- 17 Apr, 2013
- New York City
Crompton Greaves secured contract worth $60 million from Iraq. GAIL plans to sell its 4.6% stake in China Gas Holdings. HCL Technologies third quarter jumped 7.8%. Oil India plans to raise $400 million. TCS fourth quarter net rose 3% and Yes Bank net surged 33%.
- Nigel Thomas
- 17 Apr, 2013
- New York City
ASML first quarter net income tumbled 66% to
- Mukesh Buch
- 16 Apr, 2013
- New York City
BlackRock fourth quarter net climbed 25% and J&J first quarter net dropped 10%. Coca-Cola quarterly net tumbled 15% and Goldman Sachs net advanced 5% to $2.18 billion. U.S. Bancorp first quarter net jumped 7% and Grainger net climbed 13% and lifted outlook.
- Nigel Thomas
- 16 Apr, 2013
- New York City
Danone first quarter group sales jumped 5.6% to
- Nigel Thomas
- 16 Apr, 2013
- New York City
Financial markets across the euro zone rebounded following the gains in New York. The European Union proposed tighter banking rules and proposed higher capital and limits on annual bonuses. Inflation across the euro zone fell to 1.7%.
- Hiruki Nakamura
- 16 Apr, 2013
- New York City
Financial markets in Tokyo recovered some of the 1% losses in indexes and resources linked companies led the decliners. The yen gained and Softbank plunged as much as 9% after a competing bid from Dish may force the company to lift its bid for Sprint.
- Marcus Jacob
- 16 Apr, 2013
- New York City
Australian markets opened lower but in the late afternoon trimmed losses. Gold plunged 10% and resource sector linked stocks led the decliners. RBA is on hold to let the rate cuts work through the system and held out the possibilities of future cuts.
- Mukesh Buch
- 16 Apr, 2013
- New York City
CMC fourth quarter net edged up. Shares of two gold loan companies dropped more than 9%. Reliance Industries said fourth quarter net profit surged 24% Power regulator approved Tata Power to lift power tariff in five states.
- Nichole Harper
- 15 Apr, 2013
- New York City
Financial markets declined following losses in commodities after China reported slower than expected growth. Gold and silver plunged 10% and crude oil declined 3%. Dish Network made an unsolicited offer to buy Sprint. Thermo Fisher agreed to buy Life Technologies for $13.6 billion.
- Nichole Harper
- 16 Apr, 2013
- New York City
Market indexes in New York rebounded after housing starts surged 7% in March led by a 31% surge in multifamily construction. Gold rebounded 2.5% a day after plunging 9.4%, the single largest one day decline in 33 years.
- Mukesh Buch
- 15 Apr, 2013
- New York City
Citigroup first quarter net soared 31% to $3.8 billion. Dish Network bid of $25.5 billion for Sprint Nextel. First Republic and M&T Bank first quarter net surged 11%. Thermo Fisher offers $13.6 billion for Life Technologies. Charles Schwab net climbed 6%.
- Nigel Thomas
- 15 Apr, 2013
- New York City
Betfair ignored press speculation of CVC buy out offer. EADS buy back 1.56% stake from French state. Henkel said large acquisitions are not ruled out. KT Corp dropped bid for Vivendi
- Hiruki Nakamura
- 15 Apr, 2013
- New York City
Stocks in Tokyo declined after the U.S. plans to ask Japan to refrain from the measures to devalue the yen. The yen gained more than 1%. Exporters and machinery makers declined after China reported a slowdown in economic growth. Sharp plans to sell its stake in Pioneer Corp.
- Marcus Jacob
- 15 Apr, 2013
- New York City
Resource sector stocks plunged after China reported a decline in economic growth and property and fixed-asset investment growth. Domestically, home loan growth increased for the first time in five months in February.