- Nigel Thomas
- 15 Apr, 2013
- New York City
Markets across the Europe fell sharply after China reported lower than expected economic growth, industrial output and fixed asset investments. Resource sector and market indexes in London, Paris and Frankfurt fell at least 1%.
- Mukesh Buch
- 15 Apr, 2013
- New York City
BHEL said pre-tax profit for the fiscal year soared 92%. U.S. based Oppenheimer increased its stake in DLF to 5.18%. Geojit profit for the fiscal year surged more than three-fold. L&T acquired remaining 50% stake in L&T-Komatsu Japan. Technocraft agreed to acquire Canada based Swift.
- Nigel Thomas
- 12 Apr, 2013
- New York City
European markets traded lower with Germany leading the losers. The across the board sell-off was accelerated after Cyprus sought additional bailout and the worries of growing contagion to smaller nations in the euro zone.
- Mukesh Buch
- 12 Apr, 2013
- New York City
JPMorgan first quarter net surged 33% to $6.53 billion. LinkedIn agreed to buy news reader Pulse for $90 million. Shaw second quarter net gained 2% to $182 million. Wells Fargo second quarter net surged 23% to $4.93 billion.
- Nichole Harper
- 12 Apr, 2013
- New York City
U.S. stocks traded lower after retail sales fell unexpectedly and consumer sentiment index declined to a 9-month low. JPMorgan Chase said first quarter net income increased 33% and Wells Fargo net jumped 22% but revenues fell. JC Penney seeks help to raise $1 billion.
- Nigel Thomas
- 12 Apr, 2013
- New York City
oh. A. Benckiser agreed to buy Master Blenders for
- Hiruki Nakamura
- 12 Apr, 2013
- New York City
Stocks in Tokyo rested and the Nikkei index extended gains by 5.1% in the week. Chiyoda Corp declined after Woodside Petroleum canceled its LNG export terminal project. Fast Retailing fell after Uniqlo reported a 16% fall in operating profit.
- Marcus Jacob
- 12 Apr, 2013
- New York City
Australian stocks gained and finished the week higher after losses in the previous week. The ASX 200 index closed up 2.5%. Woodside Petroleum decided against building an onshore plant at its $45 billion LNG project in Western Australia.
- Mukesh Buch
- 12 Apr, 2013
- New York City
Infosys plunged 21%, single largest one-day decline since 2003 on weak fourth quarter earnings and lower current fiscal year outlook. Development Credit Bank said fiscal net profit nearly doubled. RCom plan to sell stake in one of unit to raise $800 million.
- Nigel Thomas
- 11 Apr, 2013
- New York City
Government bond market yields across the euro zone dropped near 2-year low as the aggressive Japanese monetary action ripples through. Italy sold 7.2 billion euros of debt and French and Belgian government bond yields declined. Axa SA agreed to sell its U.S. based Protective Life for $1.06 billion.
- Mukesh Buch
- 11 Apr, 2013
- New York City
Avago agreed to acquire optical chip maker CyOptics for $400 million in cash. Bed Bath & Beyond said second quarter net rose 7%. Costco March net sales climbed 7% to $9.67 billion and comparable sales gained 4%. Rite Aid surged on second quarterly profit in a row.
- Nichole Harper
- 11 Apr, 2013
- New York City
Market index in New York traded higher and the S&P 500 and the Dow flirted with new highs. Weekly initial claims of unemployment declined 42,000 at the end of last week and import prices declined in March. Microsoft, Hewlett Packard and Intel declined after personal computer sales slumped.
- Nigel Thomas
- 11 Apr, 2013
- New York City
Ashmore said third quarter assets under management climbed 9.4% to $77.7 billion. Axa sold its US unit to Protective Life for $1.06 billion. Evraz report net in the year swung to $335 million loss. M&S fourth quarter food sales climbed 4%. WH Smith said group total sales fell 4%.
- Hiruki Nakamura
- 11 Apr, 2013
- New York City
Market indexes in Japan closed at five-year highs and the yen traded near 100 against one dollar. Fast Retailing lifted its profit outlook on weaker yen and retail mall operator Aeon Co also reported better than expected earnings.
- Marcus Jacob
- 11 Apr, 2013
- New York City
Australian stocks gained on the strength in banks but miners struggled. BHP Billiton completed the sale of its Canadian diamond unit for $553 million. Woolworths said quarterly sales increased 2.5%.