- Devan Biswas
- 15 Jul, 2013
- New York City
Economic growth in the second quarter to June slowed to 7.5% after government cracked down on construction activities and also exports slowed. Industrial production slowed to 8.9%, slowest since 2009.
- Nichole Harper
- 15 Jul, 2013
- New York City
U.S. stocks drifted lower after retail sales were lower than expected and China reported economic expansion of 7.5%. Industrial production in China increased 8.9%, slowest since 2009. Metal prices rose and energy prices traded higher.
- Marcus Jacob
- 15 Jul, 2013
- New York City
Australian stocks closed higher and auto sales in June rose to a record high and China met economic growth expectations laid out by the government. RHG Limited accepted a revised offer from Resimac. Precious and base metals prices rose.
- Nichole Harper
- 12 Jul, 2013
- New York City
Stocks in New York traded sideways after JPMorgan Chase reported higher than expected earnings and Wells Fargo earnings soared 19%. Consumer confidence index declined unexpectedly in July. Gold and oil advanced.
- Mukesh Buch
- 12 Jul, 2013
- New York City
Bank of the Ozarks second quarter net jumped 7% and Independent Bank net grew 4%. JPMorgan net soared and credit card sales climbed. United Parcel drooped on weak earnings outlook. Wells Fargo net surged 19% to $5.3 billion and deposits reached to $1 trillion.
- Nigel Thomas
- 12 Jul, 2013
- New York City
Balfour signed contract with Sydney Water valued
- Hiruki Nakamura
- 12 Jul, 2013
- New York City
Nikkei in Tokyo struggled to find a direction in trading after yen weakened and Fast Retailing missed operating profit estimate. Asian markets were under pressure after finance minister in China lowered growth estimate.
- Mukesh Buch
- 12 Jul, 2013
- New York City
Cera Sanitaryware sales and profit climbed. Infosys revenue jumped but net slid 0.8%. IVRCL secured new orders worth $150 million. Kalindee Rail received open offer from Jupiter Metal to acquire the stake. Reliance Capital gross written premium jumped 25%. Sintex sales jumped.
- Marcus Jacob
- 12 Jul, 2013
- New York City
Australian stocks rose for the fourth day in a row and extended gains in the second week in a new financial year on gains in resource stocks. Market indexes weakened in the afternoon after finance minister in China lowered growth expectations. WorleyParsons won a contract from Sasol North America.
- Nichole Harper
- 11 Jul, 2013
- New York City
U.S. stocks traded higher after Fed Chairman Bernanke comments. Stocks, bonds, metals and energy prices gained after a rally in world markets. Fewer homes entered foreclosure process in June. SEC lifted an 80-year ban on advertising restrictions on hedge funds seeking private investments.
- Hiruki Nakamura
- 11 Jul, 2013
- New York City
Markets in Tokyo and Asia were supported by positive reassurances from the U.S. Fed Chairman Bernanke. Bank of Japan left its monetary policy intact after a 2-day meeting. Photocreate Co soared 144% on its first day of trading.
- Mukesh Buch
- 11 Jul, 2013
- New York City
Commerce Bancshares second quarter net jumped 8%. Caesars Entertainment plans to spin-off its gaming business. PriceSmart third quarter revenue and net soared. Progressive Corp net surged 174%. Yum! Brands net jumped 15% to $281 million.
- Nigel Thomas
- 11 Jul, 2013
- New York City
Associated British Foods said group revenue jumped 9%. Ashmore fourth quarter net inflows recorded $4.5 billion. Hays said net fees in the fourth quarter grew 3%. SuperGroup revenue in the year climbed 15% to
- Marcus Jacob
- 11 Jul, 2013
- New York City
Australian and Asian markets rebounded after positive assurances from the U.S. Fed Chairman Bernanke. Australian jobless rate rose more than expected to 5.7% and a private survey showed a decline in property market confidence. Newcrest Mining to cut more jobs.
- Mukesh Buch
- 11 Jul, 2013
- New York City
Hindalco raised automotive sheet price in Europe. Punj Lloyd signed an agreement to develop 100 megawatts power plant in Rwanda. RCom completed securitizations agreement with Reliance Jio.